Shaheer Petroleum Ltd - Filleted accounts

Registered number

11265321

Shaheer Petroleum Ltd

Filleted Accounts

31 March 2025

Shaheer Petroleum Ltd
Registered number:		11265321
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Current assets
Stocks		120,247			60,237
Cash at bank and in hand		45,805			36,951
		166,052			97,188

Creditors: amounts falling due within one year	3	(139,468)			(69,985)

Net current assets			26,584			27,203

Total assets less current liabilities			26,584			27,203

Creditors: amounts falling due after more than one year	4		(17,890)			(21,966)



Net assets			8,694			5,237

Capital and reserves
Called up share capital			1			1
Profit and loss account			8,693			5,236

Shareholders' funds			8,694			5,237

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Muhammad Hassan
Director
Approved by the board on 10 December 2025

Shaheer Petroleum Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	16		11


3	Creditors: amounts falling due within one year	2025		2024
£			£

	Bank loans and overdrafts	3,188		3,188
	Trade creditors	69,242		34,143
	Taxation and social security costs	27,264		18,050
	Other creditors	39,774		14,604
		139,468		69,985


4	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	17,890		21,966


5	Other information

	Shaheer Petroleum Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	71 Whinmoor Crescent
	Leeds
	LS14 1EQ