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COMPANY REGISTRATION NUMBER: 09303828
Picobello Oils Ltd
Filleted Unaudited Abridged Financial Statements
30 November 2024
Picobello Oils Ltd
Abridged Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
Current assets
Stocks
2,585
2,700
Debtors
1,555
1,555
Cash at bank and in hand
7,550
7,532
-------
-------
11,690
11,787
Creditors: amounts falling due within one year
141,846
102,901
---------
---------
Net current liabilities
130,156
91,114
---------
-------
Total assets less current liabilities
( 130,156)
( 91,114)
---------
-------
Net liabilities
( 130,156)
( 91,114)
---------
-------
Capital and reserves
Called up share capital
4
1
1
Profit and loss account
( 130,157)
( 91,115)
---------
-------
Shareholders deficit
( 130,156)
( 91,114)
---------
-------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 24 June 2025 , and are signed on behalf of the board by:
Mrs B A Bryan
Director
Company registration number: 09303828
Picobello Oils Ltd
Notes to the Abridged Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Wood Bank, Brighouse Wood Lane, Brighouse, West Yorkshire, HD6 2AL.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
5. Director's advances, credits and guarantees
At the year end the director owed the company £1. (2020 - £1)