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REGISTERED NUMBER: 10481903 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2022

for

Fuel Performance Solutions Limited

Fuel Performance Solutions Limited (Registered number: 10481903)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fuel Performance Solutions Limited

Company Information
for the Year Ended 30 November 2022







DIRECTORS: Mr S Beath
Mr M J Lodge
Mr D W Riefler





REGISTERED OFFICE: Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ





REGISTERED NUMBER: 10481903 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Fuel Performance Solutions Limited (Registered number: 10481903)

Balance Sheet
30 November 2022

30.11.22 30.11.21
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 34,413 39,413
Tangible assets 5 190 341
34,603 39,754

CURRENT ASSETS
Stocks 6 17,000 28,305
Debtors 7 1,257 1,046
Cash at bank 336 2,655
18,593 32,006
CREDITORS
Amounts falling due within one year 8 38,623 27,789
NET CURRENT (LIABILITIES)/ASSETS (20,030 ) 4,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,573

43,971

CREDITORS
Amounts falling due after more than one
year

9

36,263

39,167
NET (LIABILITIES)/ASSETS (21,690 ) 4,804

CAPITAL AND RESERVES
Called up share capital 51,419 51,419
Share premium 152,376 152,376
Retained earnings (225,485 ) (198,991 )
(21,690 ) 4,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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 Performance Solutions Limited (Registered number: 10481903)

Balance Sheet - continued
30 November 2022


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 11 October 2023 and were signed on its behalf by:





Mr M J Lodge - Director


Fuel Performance Solutions Limited (Registered number: 10481903)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

Fuel Performance Solutions 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.

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

Patents and licences are being amortised evenly over their estimated useful life.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their estimated useful lives on the following bases:

Computer equipment 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

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

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.

Fuel Performance Solutions Limited (Registered number: 10481903)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. INTANGIBLE FIXED ASSETS
Patents and
licences
£
COST
At 1 December 2021
and 30 November 2022 59,413
AMORTISATION
At 1 December 2021 20,000
Amortisation for year 5,000
At 30 November 2022 25,000
NET BOOK VALUE
At 30 November 2022 34,413
At 30 November 2021 39,413

5. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 December 2021
and 30 November 2022 453
DEPRECIATION
At 1 December 2021 112
Charge for year 151
At 30 November 2022 263
NET BOOK VALUE
At 30 November 2022 190
At 30 November 2021 341

Fuel Performance Solutions Limited (Registered number: 10481903)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

6. STOCKS
30.11.22 30.11.21
£ £
Stocks 17,000 28,305

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£ £
Trade debtors 1,236 -
Other debtors 21 21
VAT - 1,025
1,257 1,046

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£ £
Bank loans and overdrafts (see note 10) 10,000 10,000
Trade creditors 4,684 36
VAT 3,312 -
Other creditors 14,834 14,834
Directors' loan accounts 4,328 1,523
Accrued expenses 1,465 1,396
38,623 27,789

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.22 30.11.21
£ £
Bank loans (see note 10) 36,263 39,167

10. LOANS

An analysis of the maturity of loans is given below:

30.11.22 30.11.21
£ £
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 26,263 29,167

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors: amounts falling due within one year, is a loan of £4,327 (2021: £1,523) from the directors. The loan is interest free and repayable on demand.