Company Registration No. 5751620 (England and Wales)
Trade Petroleum LTD
Unaudited accounts
for the year ended 30 June 2020
Trade Petroleum LTD
Unaudited accounts
Contents
Trade Petroleum LTD
Company Information
for the year ended 30 June 2020
Company Number
5751620 (England and Wales)
Registered Office
UNIVERSAL HOUSE 88-94 WENTWORTH STREET
UNIT 10 FIRST FLOOR
LONDON
E1 7SA
Accountants
Delbeck Accountancy
Suite 8, Newton Hall
Town Street
Newton
Cambridge
CB22 7ZE
Trade Petroleum LTD
Statement of financial position
as at
30 June 2020
Cash at bank and in hand
354
5
Total assets less current liabilities
354
5
Creditors: amounts falling due after more than one year
(214,154)
(200,804)
Net liabilities
(213,800)
(200,799)
Called up share capital
2
2
Profit and loss account
(213,802)
(200,801)
Shareholders' funds
(213,800)
(200,799)
For the year ending 30 June 2020 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 22 March 2021 and were signed on its behalf by
G Prezioso
Director
Company Registration No. 5751620
Trade Petroleum LTD
Notes to the Accounts
for the year ended 30 June 2020
Trade Petroleum LTD is a private company, limited by shares, registered in England and Wales, registration number 5751620. The registered office is UNIVERSAL HOUSE 88-94 WENTWORTH STREET, UNIT 10 FIRST FLOOR, LONDON, E1 7SA.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Creditors: amounts falling due after more than one year
2020
2019
Loans from directors
214,154
200,804
5
Share capital
2020
2019
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
6
Average number of employees
During the year the average number of employees was 1 (2019: 1).