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REGISTERED NUMBER: 02161755 (England and Wales)















COUNTY FUELS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023






COUNTY FUELS LIMITED (REGISTERED NUMBER: 02161755)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


COUNTY FUELS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: A Musgrave
M Musgrave
N Musgrave





SECRETARY: M Musgrave





REGISTERED OFFICE: Beca House
Ashville Way
Sutton Weaver
Runcorn
Cheshire
WA7 3EZ





REGISTERED NUMBER: 02161755 (England and Wales)





AUDITORS: DTE Business Advisers Limited
Chartered Accountants
Statutory Auditors
The Exchange
5 Bank Street
Bury
BL9 0DN

COUNTY FUELS LIMITED (REGISTERED NUMBER: 02161755)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
(Unaudited)
Notes £    £   
CURRENT ASSETS
Debtors 4 34,153 433,246
Cash at bank 20 20
34,173 433,266
CREDITORS
Amounts falling due within one year 5 - (18,933 )
NET CURRENT ASSETS 34,173 414,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,173

414,333

CREDITORS
Amounts falling due after more than one
year

6

-

(399,093

)
NET ASSETS 34,173 15,240

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 34,171 15,238
34,173 15,240

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 2 November 2023 and were signed on its behalf by:





N Musgrave - Director


COUNTY FUELS LIMITED (REGISTERED NUMBER: 02161755)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

County Fuels Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02161755 and registered office address is Beca House, Ashville Way, Sutton Weaver, Runcorn, Cheshire, WA7 3EZ.

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.

Significant judgements and estimates
There are currently no significant judgements and estimates applied by the directors which are considered key to the preparation of the financial statements.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2022 - 3 ) .

COUNTY FUELS LIMITED (REGISTERED NUMBER: 02161755)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
(Unaudited)
£    £   
Amounts owed by group undertakings 34,153 433,246

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
(Unaudited)
£    £   
Other creditors - 18,933

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
(Unaudited)
£    £   
Amounts owed to group undertakings - 399,093

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Taylor (Senior Statutory Auditor)
for and on behalf of DTE Business Advisers Limited

8. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is County Oil Holdings Limited. Consolidated financial statements are available to the public and may be obtained from County Oil Holdings Limited, Beca House, Ashville Way, Sutton Weaver, Runcorn, Cheshire, WA7 3EZ.

The directors consider that by virtue of their shareholding in the ultimate parent company, the ultimate controlling parties are Neil and Margaret Musgrave.