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Company Registration No. 14382839 (England and Wales)
Base Oil Ltd Unaudited accounts for the year ended 30 September 2025
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Base Oil Ltd for the year ended 30 September 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Base Oil Ltd for the year ended 30 September 2025 as set out on pages 3 - 5 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Base Oil Ltd, as a body, in accordance with the terms of our engagement letter dated 28 September 2022. Our work has been undertaken solely to prepare for your approval the accounts of Base Oil Ltd and state those matters that we have agreed to state to the Board of Directors of Base Oil Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Base Oil Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Base Oil Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Base Oil Ltd. You consider that Base Oil Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Base Oil Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lewis Associates Chartered Certified Accountants 75 Coniston Gardens London NW9 0BA 2 June 2026
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Base Oil Ltd Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
528
792
Current assets
Cash at bank and in hand
238,894
320,774
Creditors: amounts falling due within one year
5
(10,044)
(26,105)
Net current assets
228,850
294,669
Net assets
229,378
295,461
Capital and reserves
Called up share capital
100
100
Profit and loss account
229,278
295,361
Shareholders' funds
229,378
295,461
For the year ending 30 September 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 2 June 2026 and were signed on its behalf by
Massimiliano Squario Director Company Registration No. 14382839
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Base Oil Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Base Oil Ltd is a private company, limited by shares, registered in England and Wales, registration number 14382839. The registered office is 75 Coniston Gardens, London, NW9 0BA.
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.
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% straight line
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 October 2024
1,321
At 30 September 2025
1,321
Depreciation
At 1 October 2024
529
Charge for the year
264
At 30 September 2025
793
Net book value
At 30 September 2025
528
At 30 September 2024
792
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
8,487
19,964
Other creditors
1,332
4,163
Loans from directors
225
1,978
10,044
26,105
- 4 -
Base Oil Ltd Notes to the Accounts for the year ended 30 September 2025
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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