Company Registration No. 13867661 (England and Wales)
Bio Waste Oil Ltd
Unaudited accounts
for the year ended 31 December 2024
Bio Waste Oil Ltd
Unaudited accounts
Contents
Bio Waste Oil Ltd
Company Information
for the year ended 31 December 2024
Company Number
13867661 (England and Wales)
Registered Office
Unit 57
Carr Wood Road
Castleford
WF10 4SB
United Kingdom
Bio Waste Oil Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
811
205
Creditors: amounts falling due within one year
(284,511)
(112,078)
Net current liabilities
(265,891)
(77,980)
Net liabilities
(265,478)
(77,980)
Called up share capital
100
100
Profit and loss account
(265,578)
(78,080)
Shareholders' funds
(265,478)
(77,980)
For the year ending 31 December 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 10 July 2025 and were signed on its behalf by
Turgut Tuncer
Director
Company Registration No. 13867661
Bio Waste Oil Ltd
Notes to the Accounts
for the year ended 31 December 2024
Bio Waste Oil Ltd is a private company, limited by shares, registered in England and Wales, registration number 13867661. The registered office is Unit 57, Carr Wood Road, Castleford, WF10 4SB, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to known amount of cash and are subject to an insignificant risk of change in value.
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Bio Waste Oil Ltd
Notes to the Accounts
for the year ended 31 December 2024
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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% reducing balance method.
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
259,468
55,721
Loans from directors
20,919
54,357
Allotted, called up and fully paid:
1 Ordinary shares of £100 each
100
100
7
Average number of employees
During the year the average number of employees was 7 (2023: 6).