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REGISTERED NUMBER: NI602792 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

CROSSROADS FUELS LTD

CROSSROADS FUELS LTD (REGISTERED NUMBER: NI602792)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

CROSSROADS FUELS LTD

COMPANY INFORMATION
for the Year Ended 30 APRIL 2023







DIRECTORS: Mr J Willis
Mrs S Willis
Mr I Willis



SECRETARY: Mrs S Willis



REGISTERED OFFICE: 383 Lisnaskea Road
Cloghan
Derrylin
Enniskillen
Co. Fermanagh
BT92 9GB



REGISTERED NUMBER: NI602792 (Northern Ireland)



ACCOUNTANTS: Patton Rainey and Associates
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT



BANKERS: Ulster Bank Limited
16 Darling Street
Enniskillen
Co. Fermanagh
BT74 7ER

CROSSROADS FUELS LTD (REGISTERED NUMBER: NI602792)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 171,264 190,294

CURRENT ASSETS
Stocks 82,170 80,726
Debtors 5 647,500 389,201
Cash at bank 3,410,781 3,316,270
4,140,451 3,786,197
CREDITORS
Amounts falling due within one year 6 536,165 709,503
NET CURRENT ASSETS 3,604,286 3,076,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,775,550

3,266,988

PROVISIONS FOR LIABILITIES 7 42,351 35,725
NET ASSETS 3,733,199 3,231,263

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 3,733,099 3,231,163
SHAREHOLDERS' FUNDS 3,733,199 3,231,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

CROSSROADS FUELS LTD (REGISTERED NUMBER: NI602792)

BALANCE SHEET - continued
30 APRIL 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 5 October 2023 and were signed on its behalf by:





Mr J Willis - Director


CROSSROADS FUELS LTD (REGISTERED NUMBER: NI602792)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2023


1. STATUTORY INFORMATION

Crossroads Fuels Ltd is a private company, limited by shares , registered in Northern Ireland. 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant & Machinery10% Reducing balance basis


Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

CROSSROADS FUELS LTD (REGISTERED NUMBER: NI602792)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 321,668
DEPRECIATION
At 1 May 2022 131,374
Charge for year 19,030
At 30 April 2023 150,404
NET BOOK VALUE
At 30 April 2023 171,264
At 30 April 2022 190,294

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 207,675 163,394
Other debtors 10,100 100
VAT 429,725 225,707
647,500 389,201

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 293,473 393,833
Tax 138,042 55,918
Other creditors 7,709 7,709
Directors' current accounts 87,774 244,872
Accruals and deferred income 9,167 7,171
536,165 709,503

CROSSROADS FUELS LTD (REGISTERED NUMBER: NI602792)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2023


7. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 42,351 35,725

Deferred
tax
£   
Balance at 1 May 2022 35,725
Provided during year 6,626
Balance at 30 April 2023 42,351

8. RESERVES
Retained
earnings
£   

At 1 May 2022 3,231,163
Profit for the year 541,936
Dividends (40,000 )
At 30 April 2023 3,733,099

9. RELATED PARTY DISCLOSURES

There were no transactions with related parties during the year. The controlling interest in the company is held by Mr John Willis, who is also a director of the company by virtue of his shareholding in the company.

CROSSROADS FUELS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
CROSSROADS FUELS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2023 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey and Associates
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


5 October 2023