Company Registration No. 14382839 (England and Wales)
Base Oil Ltd
Unaudited accounts
for the year ended 30 September 2024
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Base Oil Ltd
for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Base Oil Ltd for the year ended
30 September 2024 as set out on pages
3 -
5 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Base Oil Ltd, as a body, in accordance with the terms of our engagement letter dated 28 September 2022. Our work has been undertaken solely to prepare for your approval the accounts of Base Oil Ltd and state those matters that we have agreed to state to the Board of Directors of Base Oil Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Base Oil Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Base Oil Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Base Oil Ltd. You consider that Base Oil Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Base Oil Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lewis Associates
Chartered Certified Accountants
75 Coniston Gardens
London
NW9 0BA
17 June 2025
Base Oil Ltd
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
320,774
586,606
Creditors: amounts falling due within one year
(26,105)
(207,459)
Net current assets
294,669
379,147
Net assets
295,461
380,203
Called up share capital
100
100
Profit and loss account
295,361
380,103
Shareholders' funds
295,461
380,203
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. 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 17 June 2025 and were signed on its behalf by
Massimiliano Squario
Director
Company Registration No. 14382839
Base Oil Ltd
Notes to the Accounts
for the year ended 30 September 2024
Base Oil Ltd is a private company, limited by shares, registered in England and Wales, registration number 14382839. The registered office is 75 Coniston Gardens, London, NW9 0BA.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% straight line
4
Tangible fixed assets
Computer equipment
At 30 September 2024
1,321
At 30 September 2023
1,056
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
19,964
136,711
Other creditors
6,141
70,748
Base Oil Ltd
Notes to the Accounts
for the year ended 30 September 2024
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).