Company Registration No. 02502117 (England and Wales)
EURO PETROLEUM LIMITED
Unaudited accounts
for the year ended 31 May 2025
EURO PETROLEUM LIMITED
Unaudited accounts
Contents
EURO PETROLEUM LIMITED
Company Information
for the year ended 31 May 2025
Director
Nigel Clive Russell
Company Number
02502117 (England and Wales)
Registered Office
KINGSFORTH GARAGE
WOOD HOUSE GREEN THURCROFT
ROTHERHAM
SOUTH YORKSHIRE
S66 9JA
Accountants
Hammond & Co
36 Chesterfield Road
Market Street
Staveley
Derbyshire
S43 3UT
EURO PETROLEUM LIMITED
Statement of financial position
as at 31 May 2025
Tangible assets
263,768
46,389
Inventories
905,322
976,192
Cash at bank and in hand
48,362
45,103
Creditors: amounts falling due within one year
(445,928)
(454,142)
Net current assets
572,316
636,021
Total assets less current liabilities
836,084
682,410
Creditors: amounts falling due after more than one year
(210,518)
(20,000)
Provisions for liabilities
Deferred tax
(1,024)
(1,280)
Net assets
624,542
661,130
Called up share capital
104
104
Capital redemption reserve
66,000
66,000
Profit and loss account
558,438
595,026
Shareholders' funds
624,542
661,130
For the year ending 31 May 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 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 18 August 2025 and were signed on its behalf by
Nigel Clive Russell
Director
Company Registration No. 02502117
EURO PETROLEUM LIMITED
Notes to the Accounts
for the year ended 31 May 2025
EURO PETROLEUM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02502117. The registered office is KINGSFORTH GARAGE, WOOD HOUSE GREEN THURCROFT, ROTHERHAM, SOUTH YORKSHIRE, S66 9JA.
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:
Land & buildings
2% Straight Line
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
62,891
16,487
54,844
134,222
Additions
220,000
-
-
220,000
At 31 May 2025
282,891
16,487
54,844
354,222
At 1 June 2024
23,327
15,957
48,549
87,833
Charge for the year
1,256
106
1,259
2,621
At 31 May 2025
24,583
16,063
49,808
90,454
At 31 May 2025
258,308
424
5,036
263,768
At 31 May 2024
39,564
530
6,295
46,389
EURO PETROLEUM LIMITED
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
Trade debtors
62,060
61,708
Accrued income and prepayments
2,500
2,500
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
328,168
340,148
Trade creditors
48,577
57,668
Taxes and social security
2,232
871
Loans from directors
32,315
55,315
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 8 (2024: 8).