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REGISTERED NUMBER: 04677878 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE FUEL GROUP LIMITED

THE FUEL GROUP LIMITED (REGISTERED NUMBER: 04677878)

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


THE FUEL GROUP LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: Mr M Esom
Mrs L Esom





SECRETARY: Mrs L Esom





REGISTERED OFFICE: 17 Waterloo Place
Warwick Street
Leamington Spa
Warwickshire
CV32 5LA





REGISTERED NUMBER: 04677878 (England and Wales)





ACCOUNTANTS: Pentlands Accountants and advisors Ltd
Chartered Certified Accountants
and Registered Auditors
3 & 4 Pegasus House
Pegasus Court
Olympus Avenue
Warwick
Warwickshire
CV34 6LW

THE FUEL GROUP LIMITED (REGISTERED NUMBER: 04677878)

BALANCE SHEET
31 March 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,855 74,125

CURRENT ASSETS
Debtors 5 1,734,222 3,315,527
Cash at bank and in hand 345,078 92,491
2,079,300 3,408,018
CREDITORS
Amounts falling due within one year 6 938,636 2,180,937
NET CURRENT ASSETS 1,140,664 1,227,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,206,519

1,301,206

PROVISIONS FOR LIABILITIES - 5,072
NET ASSETS 1,206,519 1,296,134

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings 1,206,439 1,296,054
SHAREHOLDERS' FUNDS 1,206,519 1,296,134

THE FUEL GROUP LIMITED (REGISTERED NUMBER: 04677878)

BALANCE SHEET - continued
31 March 2023


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.

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 19 October 2023 and were signed on its behalf by:





Mr M Esom - Director


THE FUEL GROUP LIMITED (REGISTERED NUMBER: 04677878)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023


1. STATUTORY INFORMATION

The Fuel Group Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the term of the lease
Website - 20% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

THE FUEL GROUP LIMITED (REGISTERED NUMBER: 04677878)

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 25 (2022 - 28 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold Website machinery
£    £    £   
COST
At 1 April 2022 264,912 37,530 73,744
Additions 6,503 - 2,871
Disposals - - -
At 31 March 2023 271,415 37,530 76,615
DEPRECIATION
At 1 April 2022 250,293 32,362 71,323
Charge for year 5,557 2,920 2,037
Eliminated on disposal - - -
At 31 March 2023 255,850 35,282 73,360
NET BOOK VALUE
At 31 March 2023 15,565 2,248 3,255
At 31 March 2022 14,619 5,168 2,421

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 138,019 - 358,353 872,558
Additions 900 38,300 4,441 53,015
Disposals - (18,975 ) - (18,975 )
At 31 March 2023 138,919 19,325 362,794 906,598
DEPRECIATION
At 1 April 2022 113,281 - 331,174 798,433
Charge for year 13,147 7,660 14,784 46,105
Eliminated on disposal - (3,795 ) - (3,795 )
At 31 March 2023 126,428 3,865 345,958 840,743
NET BOOK VALUE
At 31 March 2023 12,491 15,460 16,836 65,855
At 31 March 2022 24,738 - 27,179 74,125

THE FUEL GROUP LIMITED (REGISTERED NUMBER: 04677878)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 1,383,841 2,860,986
Other debtors 350,381 454,541
1,734,222 3,315,527

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 244,351 609,264
Trade creditors 26,959 27,331
Amounts owed to group undertakings 1,000 1,000
Taxation and social security 265,223 630,721
Other creditors 401,103 912,621
938,636 2,180,937

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
as restated
£    £   
Mr M Esom
Balance outstanding at start of year 95,314 62,500
Amounts advanced 158,769 95,314
Amounts repaid (95,314 ) (62,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 158,769 95,314

Mrs L Esom
Balance outstanding at start of year 56,991 37,500
Amounts advanced 95,278 56,991
Amounts repaid (56,991 ) (37,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 95,278 56,991