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Company Registration No. 5751620 (England and Wales)
Trade Petroleum LTD Unaudited accounts for the year ended 30 June 2024
Trade Petroleum LTD Unaudited accounts Contents
Page
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Trade Petroleum LTD Company Information for the year ended 30 June 2024
Director
G Prezioso
Company Number
5751620 (England and Wales)
Registered Office
UNIVERSAL HOUSE 88-94 WENTWORTH STREET UNIT 10 FIRST FLOOR LONDON E1 7SA
Accountants
Delbeck Accountancy Newton Hall Town Street Newton Cambridge CB22 7ZE
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Trade Petroleum LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
- 
13,583 
Cash at bank and in hand
238 
2,500 
238 
16,083 
Net current assets
238 
16,083 
Total assets less current liabilities
238 
16,083 
Creditors: amounts falling due after more than one year
(220,244)
(228,147)
Net liabilities
(220,006)
(212,064)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(220,008)
(212,066)
Shareholders' funds
(220,006)
(212,064)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 March 2025 and were signed on its behalf by
G Prezioso Director Company Registration No. 5751620
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Trade Petroleum LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Trade Petroleum LTD is a private company, limited by shares, registered in England and Wales, registration number 5751620. The registered office is UNIVERSAL HOUSE 88-94 WENTWORTH STREET, UNIT 10 FIRST FLOOR, LONDON, E1 7SA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
13,583 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
220,244 
228,147 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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