SNF OIL AND GAS LTD

1. SNF OIL AND GAS LTD 2012-04-05 → present
2. PROCESSCHEM LIMITED 1985-11-04 → 2012-04-05

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Constantin

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company is reliant upon funding from other group companies to complete work on assets under construction and also to meet ongoing working capital commitments as they fall due. The directors have obtained confirmation via letter of support that other group companies will not demand repayment in part or in full of any debt until the company is in a position to do so. The directors have considered a period in excess of twelve months from the date of the approval of these financial statements in making their assessment. As per letter of support from Group all intercompany amounts would not be requested and would be repaid to ensure third party liabilities are met. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “There were no significant events after the balance sheet date.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +61.7%

  £21,090,518 → £34,110,638

• Cash

  —

  Not reported

• Net assets

  +0.4%

  £15,796,499 → £15,855,554

• Employees

  +14.3%

  42 → 48

• Operating profit

  +314.4%

  -£1,455,020 → £3,118,917

• Profit before tax

  +312.9%

  -£1,461,754 → £3,112,761

• Wages

  +67.9%

  £1,422,116 → £2,388,033

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers