1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 6,109 5,084 1,025 5,148 256 5,084 320 705 961 xbrli:pure xbrli:shares iso4217:GBP 04548709 2023-10-01 2024-09-30 04548709 2024-09-30 04548709 2023-09-30 04548709 2022-10-01 2023-09-30 04548709 2023-09-30 04548709 2022-09-30 04548709 bus:Director1 2023-10-01 2024-09-30 04548709 core:WithinOneYear 2024-09-30 04548709 core:WithinOneYear 2023-09-30 04548709 core:ShareCapital 2024-09-30 04548709 core:ShareCapital 2023-09-30 04548709 core:RetainedEarningsAccumulatedLosses 2024-09-30 04548709 core:RetainedEarningsAccumulatedLosses 2023-09-30 04548709 bus:SmallEntities 2023-10-01 2024-09-30 04548709 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04548709 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04548709 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04548709 bus:FullAccounts 2023-10-01 2024-09-30 04548709 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 04548709 core:FurnitureFittingsToolsEquipment 2023-09-30 04548709 core:FurnitureFittingsToolsEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: 04548709
T K Oil Technology Limited
Filleted Unaudited Financial Statements
30 September 2024
T K Oil Technology Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
705
961
Current assets
Debtors
6
46
80
Cash at bank and in hand
62
192
----
----
108
272
Creditors: amounts falling due within one year
7
40,590
40,432
--------
--------
Net current liabilities
40,482
40,160
--------
--------
Total assets less current liabilities
( 39,777)
( 39,199)
--------
--------
Net liabilities
( 39,777)
( 39,199)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 39,877)
( 39,299)
--------
--------
Shareholders deficit
( 39,777)
( 39,199)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
T K Oil Technology Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 26 February 2025 , and are signed on behalf of the board by:
A B Klimas
Director
Company registration number: 04548709
T K Oil Technology Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Kimbolton Road, Bedford, MK40 2NR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared on a going concern basis as the director has indicated that they will support the company unless circumstances are such that they are no longer able to do so.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, except deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 October 2023
6,109
6,109
Disposals
( 5,084)
( 5,084)
-------
-------
At 30 September 2024
1,025
1,025
-------
-------
Depreciation
At 1 October 2023
5,148
5,148
Charge for the year
256
256
Disposals
( 5,084)
( 5,084)
-------
-------
At 30 September 2024
320
320
-------
-------
Carrying amount
At 30 September 2024
705
705
-------
-------
At 30 September 2023
961
961
-------
-------
6. Debtors
2024
2023
£
£
Other debtors
46
80
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
20
16
Other creditors
40,570
40,416
--------
--------
40,590
40,432
--------
--------