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MULLEN OIL AND GAS LIMITED

Registered Number
SC641328
(Scotland)

Unaudited Financial Statements for the Year ended
30 September 2024

MULLEN OIL AND GAS LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

John Mullen

Registered Address

46 Melville Place
Kirkcaldy
KY2 5SL

Registered Number

SC641328 (Scotland)
MULLEN OIL AND GAS LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3-439
-439
Current assets
Cash at bank and on hand2156
2156
Creditors amounts falling due within one year4(13,847)(9,012)
Net current assets (liabilities)(13,826)(8,956)
Total assets less current liabilities(13,826)(8,517)
Net assets(13,826)(8,517)
Capital and reserves
Called up share capital11
Profit and loss account(13,827)(8,518)
Shareholders' funds(13,826)(8,517)
The financial statements were approved and authorised for issue by the Director on 18 March 2025, and are signed on its behalf by:
John Mullen
Director
Registered Company No. SC641328
MULLEN OIL AND GAS LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net liability position of the company. The company is reliant upon the continued support of the director who has confirmed that he will continue to support the company as required.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 October 231341,9252,059
At 30 September 241341,9252,059
Depreciation and impairment
At 01 October 231171,5031,620
Charge for year17422439
At 30 September 241341,9252,059
Net book value
At 30 September 24---
At 30 September 2317422439
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,506-
Other creditors10,4778,148
Accrued liabilities and deferred income864864
Total13,8479,012