Registered number
03787078
Signal Fuels Limited
Unaudited Filleted Accounts
30 June 2023
Signal Fuels Limited
Registered number: 03787078
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 933 935
Current assets
Debtors 4 35,070 15,680
Cash at bank and in hand 71,657 80,280
106,727 95,960
Creditors: amounts falling due within one year 5 (42,635) (32,961)
Net current assets 64,092 62,999
Total assets less current liabilities 65,025 63,934
Provisions for liabilities (177) (177)
Net assets 64,848 63,757
Capital and reserves
Called up share capital 2 2
Profit and loss account 64,846 63,755
Shareholders' funds 64,848 63,757
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.
T H Evans
Director
Approved by the board on 17 November 2023
Signal Fuels Limited
Notes to the Accounts
for the year ended 30 June 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 (as applied to small entities by section 1A of the standard).
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 over 4 years
Fixtures, fittings, tools and equipment over 4 years
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.
Provisions
Provisions (ie 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 1,258
Additions 364
Disposals (77)
At 30 June 2023 1,545
Depreciation
At 1 July 2022 323
Charge for the year 328
On disposals (39)
At 30 June 2023 612
Net book value
At 30 June 2023 933
At 30 June 2022 935
4 Debtors 2023 2022
£ £
Trade debtors 26,319 13,190
Other debtors 8,751 2,490
35,070 15,680
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 23,237 12,211
Taxation and social security costs 6,744 6,125
Other creditors 12,654 14,625
42,635 32,961
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
T H Evans
Director's Current Account 2,490 41,542 (35,281) 8,751
2,490 41,542 (35,281) 8,751
7 Related party transactions
Mr T H Evans received dividends amounting to £3,000 during the year.
8 Controlling party
The controlling party is Mr T H Evans by virtue of his shareholding, and his casting vote as Chairman of the Board.
9 Other information
Signal Fuels Limited is a private company limited by shares and incorporated in England. Its registered office is:
The King William
The Bridge
Milford, Belper
Derbyshire
DE56 0RR
Signal Fuels Limited 03787078 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts April 2022 T H Evans No description of principal activity 03787078 2021-07-01 2022-06-30 03787078 core:WithinOneYear 2022-06-30 03787078 core:ShareCapital 2022-06-30 03787078 core:RetainedEarningsAccumulatedLosses 2022-06-30 03787078 2022-07-01 2023-06-30 03787078 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 03787078 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 03787078 bus:Director40 2022-07-01 2023-06-30 03787078 1 2022-07-01 2023-06-30 03787078 2 2022-07-01 2023-06-30 03787078 core:PlantMachinery 2022-07-01 2023-06-30 03787078 bus:Director1 2022-07-01 2023-06-30 03787078 bus:Director1 1 2022-07-01 2023-06-30 03787078 countries:England 2022-07-01 2023-06-30 03787078 bus:FRS102 2022-07-01 2023-06-30 03787078 bus:FullAccounts 2022-07-01 2023-06-30 03787078 2023-06-30 03787078 core:WithinOneYear 2023-06-30 03787078 core:ShareCapital 2023-06-30 03787078 core:RetainedEarningsAccumulatedLosses 2023-06-30 03787078 core:PlantMachinery 2023-06-30 03787078 bus:Director1 1 2023-06-30 03787078 2022-06-30 03787078 core:PlantMachinery 2022-06-30 03787078 bus:Director1 1 2022-06-30 iso4217:GBP xbrli:pure