PETROIL CONSULTING LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 2361107

PETROIL CONSULTING LTD

Filleted Unaudited Financial Statements

31 July 2025

PETROIL CONSULTING LTD

Financial Statements

Year ended 31st July 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

PETROIL CONSULTING LTD

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		18,371	19,338

Current assets

Debtors	6	2,284	5,673
Cash at bank and in hand		8	166
		-------	-------
		2,292	5,839

Creditors: amounts falling due within one year	7	12,422		6,484
		--------		-------
Net current liabilities			10,130	645
			--------	--------
Total assets less current liabilities			8,241	18,693

Creditors: amounts falling due after more than one year	8	23,984	30,180
		--------	--------
Net liabilities		( 15,743)	( 11,487)
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 15,843)	( 11,587)
	--------	--------
Shareholders deficit	( 15,743)	( 11,487)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PETROIL CONSULTING LTD

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

G Cooper

Director

Company registration number: 2361107

PETROIL CONSULTING LTD

Notes to the Financial Statements

Year ended 31st July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex house, 260-268 Chapel Street, Salford, Manchester, M3 5JZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property improvements	-	5% reducing balance
Fixtures, fittings and equipment	-	5% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Property improvements	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1st August 2024 and 31st July 2025	25,335	10,662	35,997
	--------	--------	--------
Depreciation
At 1st August 2024	11,558	5,101	16,659
Charge for the year	689	278	967
	--------	--------	--------
At 31st July 2025	12,247	5,379	17,626
	--------	--------	--------
Carrying amount
At 31st July 2025	13,088	5,283	18,371
	--------	--------	--------
At 31st July 2024	13,777	5,561	19,338
	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	1,866	5,116
Other debtors	418	557
	-------	-------
	2,284	5,673
	-------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,462	5,379
Other creditors	6,960	1,105
	--------	-------
	12,422	6,484
	--------	-------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	23,984	30,180
	--------	--------

9. Directors' advances, credits and guarantees

	2025	2024
	£	£
Director loan accounts	4,527	105
	-------	----

No interest has been charged to the company in respect of the loan which is classified under creditor falling due within one year.

10. Related party transactions

The company was under the control of Mr.Cooper throughout the current and previous year. Mr.Cooper is the managing director.