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Company Registration No. 08161022 (England and Wales)
Oil and Gas Resourcing Ltd Unaudited accounts for the year ended 31 March 2025
Oil and Gas Resourcing Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Oil and Gas Resourcing Ltd Company Information for the year ended 31 March 2025
Directors
D Anderson J West
Company Number
08161022 (England and Wales)
Registered Office
203 West Street Fareham PO16 0EN England
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Oil and Gas Resourcing Ltd Accountants' report
Accountants' report to the board of directors of Oil and Gas Resourcing Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oil and Gas Resourcing Ltd for the year ended 31 March 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Oil and Gas Resourcing Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Oil and Gas Resourcing Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oil and Gas Resourcing Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Oil and Gas Resourcing 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 loss of Oil and Gas Resourcing Ltd. You consider that Oil and Gas Resourcing 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 Oil and Gas Resourcing 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.
Taxsense 203 West Street Fareham Hants PO16 0EN 5 June 2025
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Oil and Gas Resourcing Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
234
314
Current assets
Debtors
5
103,480
129,140
Cash at bank and in hand
47,983
71,480
151,463
200,620
Creditors: amounts falling due within one year
6
(136,587)
(171,372)
Net current assets
14,876
29,248
Net assets
15,110
29,562
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
14,110
28,562
Shareholders' funds
15,110
29,562
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by
D Anderson Director Company Registration No. 08161022
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Oil and Gas Resourcing Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Oil and Gas Resourcing Ltd is a private company, limited by shares, registered in England and Wales, registration number 08161022. The registered office is 203 West Street, Fareham, PO16 0EN, England.
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.
Presentation currency
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:
Fixtures & fittings
15% reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
333
1,416
1,749
At 31 March 2025
333
1,416
1,749
Depreciation
At 1 April 2024
200
1,235
1,435
Charge for the year
20
60
80
At 31 March 2025
220
1,295
1,515
Net book value
At 31 March 2025
113
121
234
At 31 March 2024
133
181
314
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
82,760
112,308
Accrued income and prepayments
20,720
16,832
103,480
129,140
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Oil and Gas Resourcing Ltd Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
10,481
10,899
Trade creditors
115,778
143,630
Amounts owed to group undertakings and other participating interests
-
1,500
Taxes and social security
7,247
12,608
Other creditors
258
-
Loans from directors
312
312
Accruals
2,511
2,423
136,587
171,372
7
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
J West
Directors Loan Account
(312)
-
-
(312)
(312)
-
-
(312)
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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