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REGISTERED NUMBER: 08520551 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

FUEL FIXER LTD

FUEL FIXER LTD (Registered number: 08520551)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FUEL FIXER LTD

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D Garside
S Guy





REGISTERED OFFICE: Fairway House
Portland Road
East Grinstead
West Sussex
RH19 4ET





REGISTERED NUMBER: 08520551 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

FUEL FIXER LTD (Registered number: 08520551)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 213,220 145,600
213,220 145,600

CURRENT ASSETS
Stocks 38,500 89,000
Debtors 6 653,773 931,830
Cash at bank 171,735 189,588
864,008 1,210,418
CREDITORS
Amounts falling due within one year 7 413,949 532,236
NET CURRENT ASSETS 450,059 678,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

663,279

823,782

CREDITORS
Amounts falling due after more than one
year

8

245,620

279,795
NET ASSETS 417,659 543,987

CAPITAL AND RESERVES
Called up share capital 280 280
Retained earnings 417,379 543,707
417,659 543,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FUEL FIXER LTD (Registered number: 08520551)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





D Garside - Director


FUEL FIXER LTD (Registered number: 08520551)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

FUEL FIXER LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

FUEL FIXER LTD (Registered number: 08520551)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 45,000
AMORTISATION
At 1 April 2022
and 31 March 2023 45,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 246,402 24,570 270,972
Additions 136,913 - 136,913
At 31 March 2023 383,315 24,570 407,885
DEPRECIATION
At 1 April 2022 114,156 11,216 125,372
Charge for year 67,290 2,003 69,293
At 31 March 2023 181,446 13,219 194,665
NET BOOK VALUE
At 31 March 2023 201,869 11,351 213,220
At 31 March 2022 132,246 13,354 145,600

6. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 166,019 108,290
Directors' current accounts - 1,649
Deferred tax asset 6,660 6,660
172,679 116,599

FUEL FIXER LTD (Registered number: 08520551)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS - continued
31.3.23 31.3.22
£    £   
Amounts falling due after more than one year:
Amounts owed by participating interests 481,094 815,231

Aggregate amounts 653,773 931,830

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 68,615 68,615
Hire purchase contracts 44,974 44,973
Trade creditors 12,631 12,172
Tax 143,019 120,995
Social security and other taxes 5,173 11,654
VAT 117,887 261,512
Other creditors 16,200 6,865
Accrued expenses 5,450 5,450
413,949 532,236

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2 - 5 Year 149,648 259,377
Hire purchase contracts 95,972 20,418
245,620 279,795

9. RELATED PARTY DISCLOSURES

LOANS TO ASSOCIATED COMPANIES

During the year the company made various loans to and from various associated companies, These are shown within the Financial Statements as 'Amounts owed to and from participating interests'

The related party transactions were processed on a commercial basis.

10. ULTIMATE CONTROLLING PARTY

the ultimate controlling Joint partner is between Stockbridge Sussex Limited and TwentyFourTwelve Ltd