Registered number
NI649513
Salleys Filling Station Limited
Report and Unaudited Accounts
31 March 2023
Salleys Filling Station Limited
Company Information
Directors
Deborah Dodds
Accountants
Tyrone Accountancy Services
8-10 Church Street
Omagh
Co Tyrone
BT78 1DG
Bankers
Ulster Bank Limited
55 Main Street
Clogher
Co Tyrone
BT76 0AA
Solicitors
CT McAlpine and Sons
12 Northland Row
Dungannon
Co Tyrone
BT71 6AT
Registered office
40 Caledon Road
Aughnacloy
Co Tyrone
BT69 6HX
Registered number
NI649513
Salleys Filling Station Limited
Registered number: NI649513
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 291,574 291,574
Tangible assets 4 90,926 100,920
382,500 392,494
Current assets
Stocks 206,445 190,741
Debtors 5 52,000 52,310
Cash at bank and in hand 403,820 430,415
662,265 673,466
Creditors: amounts falling due within one year 6 (232,205) (349,650)
Net current assets 430,060 323,816
Total assets less current liabilities 812,560 716,310
Provisions for liabilities 7 (16,571) (17,808)
Net assets 795,989 698,502
Capital and reserves
Called up, issued and fully paid share capital 1 1
Profit and loss account 795,988 698,501
Shareholders' funds 9 795,989 698,502
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
The profit and loss account has not been delivered to the Registrar of Companies under section 444 of the Companies Act 2006.
The notes on pages 6 to 10 form an integral part of the accounts.
Deborah Dodds
Director
Approved by the board on 8 October 2023
Salleys Filling Station Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
The financial statements are presented in UK Sterling pounds (£)
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures and fittings 10% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classes as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Government grants
Grants are recognised using the accruals basis. Capital grants received and receivable are treated as deferred income and amortised to the profit and loss account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the profit and loss account in the period in which they become receivable.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 38 33
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 291,574
At 31 March 2023 291,574
Amortisation
At 31 March 2023 -
Net book value
At 31 March 2023 291,574
At 31 March 2022 291,574
It has been determined that there is an infinite usefull life as there is no contractural or legal end date specified.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 185,444
Additions 8,750
At 31 March 2023 194,194
Depreciation
At 1 April 2022 84,524
Charge for the year 18,744
At 31 March 2023 103,268
Net book value
At 31 March 2023 90,926
At 31 March 2022 100,920
5 Debtors 2023 2022
£ £
Trade debtors 6,000 6,000
Other debtors 46,000 46,310
52,000 52,310
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 114,789 117,129
Taxes and social security costs 39,020 107,494
Other creditors 78,396 125,027
232,205 349,650
7 Provision for liabilities
Deferred Taxation
£
At 1 April 2022 17,808
Charged to the profit and loss (1,237)
At 31 March 2023 16,571
The provision for deferred taxation is made up as follows:
2023 2022
£ £
Accelerated capital allowances 1,237 1,557
1,237 1,557
8 Directors' advances, credits and guarantees
During the year the directors advanced £2,730, and the company repaid £62,360 leaving a balance owed to the directors at the year end of £60,730.

The balances are interest free and repayable on demand.
9 Statement of changes in equity
The shareholders funds represents cumulative profits or losses, net of dividends paid, deferred tax adjustments and other adjustments.
10 Other information
Salleys Filling Station Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
40 Caledon Road
Aughnacloy
Co Tyrone
BT69 6HX
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