Company Registration No. 09568239 (England and Wales)
NIVASH PETROLEUM LIMITED
Unaudited accounts
for the year ended 30 April 2019
NIVASH PETROLEUM LIMITED
Unaudited accounts
Contents
NIVASH PETROLEUM LIMITED
Company Information
for the year ended 30 April 2019
Directors
Mr N NAVARATNAM
Mrs V NADANAKUMARAN
Company Number
09568239 (England and Wales)
Registered Office
40 HOLLAND AVENUE
CHEAM
SUTTON
SURREY
SM2 6HU
ENGLAND
Accountants
IRTS Business Solutions Limited
209 The Heights
Northolt
Middlesex
UB5 4BX
NIVASH PETROLEUM LIMITED
Statement of financial position
as at
30 April 2019
Tangible assets
671,915
664,613
Inventories
80,560
32,400
Cash at bank and in hand
12,661
-
Creditors: amounts falling due within one year
(209,382)
(142,457)
Net current liabilities
(94,641)
(2,299)
Total assets less current liabilities
577,274
662,314
Creditors: amounts falling due after more than one year
(276,356)
(393,354)
Net assets
300,918
268,960
Called up share capital
100
100
Revaluation reserve
234,754
234,754
Profit and loss account
66,064
34,106
Shareholders' funds
300,918
268,960
For the year ending 30 April 2019 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.
Approved by the Board on 23 January 2020.
Mr N NAVARATNAM
Director
Company Registration No. 09568239
NIVASH PETROLEUM LIMITED
Notes to the Accounts
for the year ended 30 April 2019
NIVASH PETROLEUM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09568239. The registered office is 40 HOLLAND AVENUE, CHEAM, SUTTON, SURREY, SM2 6HU, 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.
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.
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:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2018
666,250
13,750
680,000
Additions
-
23,705
23,705
At 30 April 2019
666,250
37,455
703,705
At 1 May 2018
13,325
2,062
15,387
Charge for the year
-
3,078
3,078
Surplus on revaluation
13,325
-
13,325
At 30 April 2019
26,650
5,140
31,790
At 30 April 2019
639,600
32,315
671,915
At 30 April 2018
652,925
11,688
664,613
Finished goods
80,560
32,400
NIVASH PETROLEUM LIMITED
Notes to the Accounts
for the year ended 30 April 2019
Trade debtors
21,520
29,399
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
90,477
83,124
Trade creditors
19,822
9,082
Taxes and social security
27,259
9,198
Loans from directors
71,174
41,053
8
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
223,171
192,000
Other creditors
53,185
201,354
9
Average number of employees
During the year the average number of employees was 15 (2018: 12).