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REGISTERED NUMBER: 06443836 (England and Wales)





ROADGAS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






ROADGAS LIMITED (REGISTERED NUMBER: 06443836)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROADGAS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: D T Rix
Mrs R L Rix
J A Cooper
S D E Ripley
L A Woodard





REGISTERED OFFICE: Roadway Number 7
Colwick Industrial Estate
Nottinghamshire
NG4 2JW





REGISTERED NUMBER: 06443836 (England and Wales)





AUDITORS: APC Accountants Limited
Chartered Accountants
and Statutory Auditors
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH

ROADGAS LIMITED (REGISTERED NUMBER: 06443836)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,505,359 985,820

CURRENT ASSETS
Stocks 81,257 65,688
Debtors 5 940,014 1,608,546
Cash at bank 425,736 1,192,886
1,447,007 2,867,120
CREDITORS
Amounts falling due within one year 6 1,955,043 2,279,187
NET CURRENT (LIABILITIES)/ASSETS (508,036 ) 587,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

997,323

1,573,753

CREDITORS
Amounts falling due after more than one
year

7

-

(732,231

)

PROVISIONS FOR LIABILITIES 9 (262,288 ) (187,305 )
NET ASSETS 735,035 654,217

CAPITAL AND RESERVES
Called up share capital 10 1,100,094 94
Capital redemption reserve 6 6
Retained earnings (365,065 ) 654,117
SHAREHOLDERS' FUNDS 735,035 654,217

ROADGAS LIMITED (REGISTERED NUMBER: 06443836)

BALANCE SHEET - continued
30 SEPTEMBER 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 28 November 2023 and were signed on its behalf by:





D T Rix - Director


ROADGAS LIMITED (REGISTERED NUMBER: 06443836)

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


1. STATUTORY INFORMATION

Roadgas 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.

The functional currency of the company is considered to be pounds sterling because that is the currency of the prime economic environment in which the company operates.

Significant judgements and estimates
In the application of the Company's accounting policies, which are described, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The amounts recoverable on contracts is in regards to gas supplies delivered inline with agreed contracts that are invoiced after the year end.

Turnover
Turnover represents the value excluding Value Added Tax of gas and products provided to customers during the year. In respect of goods and services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Income from equipment storage is recognised in line with the rent agreements on a straight line basis.

ROADGAS LIMITED (REGISTERED NUMBER: 06443836)

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


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% straight line, 10% straight line and 5% straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 20% straight line
Computer equipment - 20% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value.

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.

Research and development
There was no research and development expenditure in this financial year. Expenditure incurred in 2022 was written off in the year.

ROADGAS LIMITED (REGISTERED NUMBER: 06443836)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
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 of exchange ruling at the date of transaction. All exchange differences are taken to the income statement.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Amounts recoverable on contracts
Amounts recoverable on contracts are valued at the cost plus profit on supplies delivered to date.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

ROADGAS LIMITED (REGISTERED NUMBER: 06443836)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 1,353,652 2,086 75,589 52,478 1,483,805
Additions 645,447 - - 2,650 648,097
Disposals (113,339 ) - (5,000 ) (14,119 ) (132,458 )
At 30 September 2023 1,885,760 2,086 70,589 41,009 1,999,444
DEPRECIATION
At 1 October 2022 398,004 1,848 48,686 49,447 497,985
Charge for year 107,160 191 8,973 2,085 118,409
Eliminated on disposal (103,190 ) - (5,000 ) (14,119 ) (122,309 )
At 30 September 2023 401,974 2,039 52,659 37,413 494,085
NET BOOK VALUE
At 30 September 2023 1,483,786 47 17,930 3,596 1,505,359
At 30 September 2022 955,648 238 26,903 3,031 985,820

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 151,935 709,957
Amounts recoverable on contract 591,505 878,965
Other debtors 196,574 19,624
940,014 1,608,546

ROADGAS LIMITED (REGISTERED NUMBER: 06443836)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 308,888
Trade creditors 63,042 35,375
Amounts owed to group undertakings 780,000 89,158
Taxation and social security 107,943 170,299
Other creditors 1,004,058 1,675,467
1,955,043 2,279,187

During the year the company received a loan from Mercuria Energy Trading S.A., a company who is part of the wider Mercuria group of companies, for the financing of working capital. Interest is charged at 1.3% pa.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 732,231

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 1,750
Between one and five years 124,542 -
124,542 1,750

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 286,018 187,305
Tax losses carried forward (23,730 ) -
262,288 187,305

ROADGAS LIMITED (REGISTERED NUMBER: 06443836)

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


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 187,305
Charge to Income Statement during year 98,713
Tax asset regarding trade loss (23,730 )
Balance at 30 September 2023 262,288

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,100,094 Ordinary 1 1,100,094 94

1,100,000 Ordinary shares of 1 each were allotted and fully paid for cash at par during the year.

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

The Report of the Auditors was unqualified.

Leighton Sharp FCCA MAAT (Senior Statutory Auditor)
for and on behalf of APC Accountants Limited

12. RELATED PARTY DISCLOSURES

As at 30 September 2023 the company owed £780,000 (2022 - £NIL) to Mercuria Energy Trading S.A. who is part of the Mercuria group of companies.

As at 30 September 2023 the company owed £NIL (2022 - £89,158) to Engire Limited.

Key management for the year totalled £245,626 (2022 - £113,128)

ROADGAS LIMITED (REGISTERED NUMBER: 06443836)

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


13. GROUP UNDERTAKINGS AND CONTROLLING PARTY

The immediate controlling party is Engire Limited, which is owned by Roadgas Holdings Limited, being the immediate parent at the UK level.

On 15th January 2024, Pretoria Energy Group Limited purchased the entire share capital of Roadgas Holdings Limited, from Mercuria Energy Netherlands B.V.

The ultimate controlling party is Mr. S. Ripley by virtue of his majority shareholding of 63.46% in Pretoria Energy Group Limited.

Engire Limited registered office is Private Road 7 Private Road 7, Colwick Industrial Estate, Nottingham, England, NG4 2JW.

Roadgas Holdings Limited registered office is 1st Floor, 62 Buckingham Gate, London, England, SW1E 6AJ.

Mercuria Energy Netherlands B.V. registered office is Weena 3013 AL, Rotterdam, Zuid, Holland, Netherlands.

Pretoria Energy Group Limited registered office is Padro House Chear Fen, Ely Road, Cambridge, England, CB25 9GE.