DXT OILS LTD

Company Registration Number:
15119373 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 6 September 2023

End date: 30 September 2024

DXT OILS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

DXT OILS LTD

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

Producing oils to sell to consumers to oil beard and body



Directors

The director shown below has held office during the whole of the period from
6 September 2023 to 30 September 2024

Dexter kwabena essel sampson


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 August 2025

And signed on behalf of the board by:
Name: Dexter kwabena essel sampson
Status: Director

DXT OILS LTD

Profit And Loss Account

for the Period Ended 30 September 2024

13 months to 30 September 2024


£
Turnover: 80,000
Cost of sales: ( 30,000 )
Gross profit(or loss): 50,000
Operating profit(or loss): 50,000
Profit(or loss) before tax: 50,000
Profit(or loss) for the financial year: 50,000

DXT OILS LTD

Balance sheet

As at 30 September 2024

Notes 13 months to 30 September 2024


£
Fixed assets
Intangible assets: 3 10,000
Tangible assets: 4 70,000
Investments:   0
Total fixed assets: 80,000
Current assets
Stocks: 5 40,000
Cash at bank and in hand: 60,000
Investments: 6 10,000
Total current assets: 110,000
Creditors: amounts falling due within one year: 7 ( 20,000 )
Net current assets (liabilities): 90,000
Total assets less current liabilities: 170,000
Provision for liabilities: ( 15,000 )
Total net assets (liabilities): 155,000
Capital and reserves
Called up share capital: 80,000
Share premium account: 30,000
Other reserves: 25,000
Profit and loss account: 20,000
Total Shareholders' funds: 155,000

The notes form part of these financial statements

DXT OILS LTD

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 2 August 2025
and signed on behalf of the board by:

Name: Dexter kwabena essel sampson
Status: Director

The notes form part of these financial statements

DXT OILS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    We aim to sell through our beard oil stock every 2–3 months to keep products fresh. Inventory is checked monthly, and older or slow-selling items are discounted or removed. We use a first-in, first-out system to make sure older stock is sold first

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less accumulated depreciation and any impairment losses. Depreciation is charged to the profit and loss account on a systematic basis to write off the cost of each asset over its estimated useful life, as follows: Machinery: 20% reducing balance Fixtures and fittings: 25% straight line Computers and office equipment: 33% straight line Motor vehicles: 25% reducing balance The useful lives and depreciation methods are reviewed annually. Gains and losses on disposal are recognised in the profit and loss account.

    Intangible fixed assets amortisation policy

    Intangible fixed asscts are stated at cost less amortisation and impairment. Amortisation is charged to the profit and loss account on a straight-line basis over their estimated useful lives: Goodwill: 5 years Software and licences: 3 to 5 years

    Valuation information and policy

    Assets subject to revaluation are stated at fair value, based on periodic valuations by qualified professionals or management estimates. Revaluation gains are recognised in equity unless reversing a previous loss. Losses are charged to the profit and loss account unless reversing a gain.

DXT OILS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    13 months to 30 September 2024
    Average number of employees during the period 3

DXT OILS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 10,000 5,000 15,000
Disposals ( 5,000 ) ( 5,000 )
Revaluations
Transfers
At 30 September 2024 5,000 5,000 10,000
Amortisation
Charge for year
On disposals
Other adjustments
At 30 September 2024
Net book value
At 30 September 2024 5,000 5,000 10,000

DXT OILS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 20,000 20,000 30,000 70,000
Disposals
Revaluations
Transfers
At 30 September 2024 20,000 20,000 30,000 70,000
Depreciation
Charge for year
On disposals
Other adjustments
At 30 September 2024
Net book value
At 30 September 2024 20,000 20,000 30,000 70,000

DXT OILS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Stocks

13 months to 30 September 2024
£
Stocks 40,000
Total 40,000

DXT OILS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Current assets investments note

Description Amount (£) Investments in Subsidiaries 5,000 Investments in Associates 2,000 Other Investments 3,000 Total Investments 10,000

DXT OILS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

7. Creditors: amounts falling due within one year note

13 months to 30 September 2024
£
Trade creditors 20,000
Total 20,000