IRIS Accounts Production v25.1.3.33 11964172 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 1.00000 63633 155706 78668 219159 15035 180 63633 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119641722023-12-31119641722024-12-31119641722024-01-012024-12-31119641722022-12-31119641722023-01-012023-12-31119641722023-12-3111964172ns15:EnglandWales2024-01-012024-12-3111964172ns14:PoundSterling2024-01-012024-12-3111964172ns10:Director12024-01-012024-12-3111964172ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3111964172ns10:SmallEntities2024-01-012024-12-3111964172ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3111964172ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3111964172ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3111964172ns10:AbridgedAccounts2024-01-012024-12-3111964172ns10:OrdinaryShareClass12024-01-012024-12-31119641721ns10:OrdinaryShareClass12024-01-012024-12-3111964172ns10:Director2422023-12-3111964172ns10:Director2422024-01-012024-12-3111964172ns10:Director2422023-01-012023-12-3111964172ns10:Director2422024-12-3111964172ns10:Director2422023-12-3111964172ns10:Director22024-01-012024-12-3111964172ns10:RegisteredOffice2024-01-012024-12-3111964172ns5:CurrentFinancialInstruments2024-12-3111964172ns5:CurrentFinancialInstruments2023-12-3111964172ns5:ShareCapital2024-12-3111964172ns5:ShareCapital2023-12-3111964172ns5:RetainedEarningsAccumulatedLosses2024-12-3111964172ns5:RetainedEarningsAccumulatedLosses2023-12-3111964172ns5:ComputerEquipment2024-01-012024-12-3111964172ns10:OrdinaryShareClass12024-12-31119641721ns10:Director12023-12-31119641721ns10:Director12022-12-31119641721ns10:Director12024-01-012024-12-31119641721ns10:Director12023-01-012023-12-31119641721ns10:Director12024-12-31119641721ns10:Director12023-12-31
REGISTERED NUMBER: 11964172 (England and Wales)












Financial Statements

for the Year Ended 31st December 2024

for

PetroScape Limited

PetroScape Limited (Registered number: 11964172)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


PetroScape Limited

Company Information
for the Year Ended 31st December 2024







DIRECTORS: I V Beck
Mrs M J Goring





REGISTERED OFFICE: North End
North End Lane
Hamsey
Lewes
East Sussex
BN8 5TE





REGISTERED NUMBER: 11964172 (England and Wales)





ACCOUNTANTS: Buffery & Co Ltd
Chiltern House 45 Station Rd
Henley On Thames
Oxfordshire
RG9 1AT

PetroScape Limited (Registered number: 11964172)

Abridged Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 712 1,318

CURRENT ASSETS
Debtors 33,180 63,634
Cash at bank 149,289 73,007
182,469 136,641
CREDITORS
Amounts falling due within one year 82,025 32,909
NET CURRENT ASSETS 100,444 103,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,156

105,050

CAPITAL AND RESERVES
Called up share capital 5 100 1
Retained earnings 101,056 105,049
SHAREHOLDERS' FUNDS 101,156 105,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd May 2025 and were signed on its behalf by:





I V Beck - Director


PetroScape Limited (Registered number: 11964172)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

PetroScape Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PetroScape Limited (Registered number: 11964172)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2024
and 31st December 2024 1,820
DEPRECIATION
At 1st January 2024 502
Charge for year 606
At 31st December 2024 1,108
NET BOOK VALUE
At 31st December 2024 712
At 31st December 2023 1,318

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 1

99 Ordinary shares of £1 were issued during the year for cash of £ 99 .

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2024 and 31st December 2023:

31.12.24 31.12.23
£    £   
I V Beck and Mrs M J Goring
Balance outstanding at start of year 63,633 -
Amounts advanced 155,706 78,668
Amounts repaid (219,159 ) (15,035 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 180 63,633

The overdrawn loan account will be settled by way of a dividend on 5 April 2025.