Registered Number 05978862

PETRACON LTD

Abbreviated Accounts

31 October 2014

PETRACON LTD Registered Number 05978862

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Called up share capital not paid 1,000 1,000
Fixed assets
Tangible assets 2 2,323 2,323
2,323 2,323
Creditors: amounts falling due within one year (9,596) (9,596)
Net current assets (liabilities) (9,596) (9,596)
Total assets less current liabilities (6,273) (6,273)
Total net assets (liabilities) (6,273) (6,273)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (7,273) (7,273)
Shareholders' funds (6,273) (6,273)
  • For the year ending 31 October 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 6 July 2015

And signed on their behalf by:
OLUROTIMI AKINDE, Director

PETRACON LTD Registered Number 05978862

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents invoiced value of goods and services supplied by the company, net of value added tax and trade discounts

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Plant and machinery 25% straight line

2Tangible fixed assets
£
Cost
At 1 November 2013 4,236
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2014 4,236
Depreciation
At 1 November 2013 1,913
Charge for the year -
On disposals -
At 31 October 2014 1,913
Net book values
At 31 October 2014 2,323
At 31 October 2013 2,323