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Company Registration No. 04698745 (England and Wales)
PETROMILE LIMITED Unaudited accounts for the year ended 31 March 2025
PETROMILE LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PETROMILE LIMITED Company Information for the year ended 31 March 2025
Directors
Denis Matthews Susan Matthews
Company Number
04698745 (England and Wales)
Registered Office
Clerestone House Earlstone Common Burghclere Newbury Berkshire RG20 9HN England
Accountants
Bucks Tax And Payroll Services Limited 217 Dundrum Road Newcastle Down BT33 0LW
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PETROMILE LIMITED Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,084
2,254
Current assets
Debtors
5
14,125
3,250
Cash at bank and in hand
1,102
40,781
15,227
44,031
Creditors: amounts falling due within one year
6
(6,954)
(27,023)
Net current assets
8,273
17,008
Net assets
9,357
19,262
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
9,355
19,260
Shareholders' funds
9,357
19,262
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 30 September 2025 and were signed on its behalf by
Denis Matthews Director Company Registration No. 04698745
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PETROMILE LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
PETROMILE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04698745. The registered office is Clerestone House, Earlstone Common, Burghclere, Newbury, Berkshire, RG20 9HN, 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.
Turnover
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.
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
20% per annum reducing balance
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 April 2024
4,680
At 31 March 2025
4,680
Depreciation
At 1 April 2024
2,426
Charge for the year
1,170
At 31 March 2025
3,596
Net book value
At 31 March 2025
1,084
At 31 March 2024
2,254
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PETROMILE LIMITED Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
6,500
3,250
Amounts falling due after more than one year
Other debtors
7,625
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
5,720
6,964
Loans from directors
-
18,675
Accruals
1,234
1,384
6,954
27,023
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Loans to directors
At 31 March 2024 the Directors owed the company £7,625. In 2024 they were owed £18,623 by the company. The loan is repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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