IRIS Accounts Production v24.1.0.578 06390583 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh063905832022-07-31063905832023-07-31063905832022-08-012023-07-31063905832021-07-31063905832021-08-012022-07-31063905832022-07-3106390583ns15:EnglandWales2022-08-012023-07-3106390583ns14:PoundSterling2022-08-012023-07-3106390583ns10:Director12022-08-012023-07-3106390583ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3106390583ns10:SmallEntities2022-08-012023-07-3106390583ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3106390583ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3106390583ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3106390583ns10:FullAccounts2022-08-012023-07-3106390583ns10:Director22022-08-012023-07-3106390583ns10:CompanySecretary12022-08-012023-07-3106390583ns10:RegisteredOffice2022-08-012023-07-3106390583ns5:CurrentFinancialInstruments2023-07-3106390583ns5:CurrentFinancialInstruments2022-07-3106390583ns5:Non-currentFinancialInstruments2023-07-3106390583ns5:Non-currentFinancialInstruments2022-07-3106390583ns5:ShareCapital2023-07-3106390583ns5:ShareCapital2022-07-3106390583ns5:RetainedEarningsAccumulatedLosses2023-07-3106390583ns5:RetainedEarningsAccumulatedLosses2022-07-3106390583ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-08-012023-07-3106390583ns5:PlantMachinery2022-08-012023-07-3106390583ns5:ComputerEquipment2022-08-012023-07-3106390583ns5:LandBuildings2022-07-3106390583ns5:PlantMachinery2022-07-3106390583ns5:ComputerEquipment2022-07-3106390583ns5:LandBuildings2022-08-012023-07-3106390583ns5:LandBuildings2023-07-3106390583ns5:PlantMachinery2023-07-3106390583ns5:ComputerEquipment2023-07-3106390583ns5:LandBuildings2022-07-3106390583ns5:PlantMachinery2022-07-3106390583ns5:ComputerEquipment2022-07-3106390583ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-07-3106390583ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-08-012023-07-3106390583ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-3106390583ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-07-3106390583ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3106390583ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31063905831ns10:Director12022-07-31063905831ns10:Director12021-07-31063905831ns10:Director12022-08-012023-07-31063905831ns10:Director12021-08-012022-07-31063905831ns10:Director12023-07-31063905831ns10:Director12022-07-31
REGISTERED NUMBER: 06390583 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

PBE FUELS LTD

PBE FUELS LTD (REGISTERED NUMBER: 06390583)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PBE FUELS LTD

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTORS: Mr G D Perkins
Mr P W Ratcliffe





SECRETARY: Mr G D Perkins





REGISTERED OFFICE: New House Farm
Canaston Bridge
Narberth
Pembrokeshire
SA678DE





REGISTERED NUMBER: 06390583 (England and Wales)





ACCOUNTANTS: L M Griffiths & Co Limited
Chartered Certified Accountants
1&2 Merlins Court
Winch Lane
Haverfordwest
Pembrokeshire
SA61 1SB

PBE FUELS LTD (REGISTERED NUMBER: 06390583)

STATEMENT OF FINANCIAL POSITION
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 897,078 700,308

CURRENT ASSETS
Inventories 296,216 540,897
Debtors 5 373,732 359,611
Cash at bank 188,551 329,095
858,499 1,229,603
CREDITORS
Amounts falling due within one year 6 (720,901 ) (797,455 )
NET CURRENT ASSETS 137,598 432,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,034,676

1,132,456

CREDITORS
Amounts falling due after more than one
year

7

(300,413

)

(316,733

)

PROVISIONS FOR LIABILITIES (134,336 ) (101,649 )
NET ASSETS 599,927 714,074

CAPITAL AND RESERVES
Called up share capital 10,000 20,000
Retained earnings 589,927 694,074
SHAREHOLDERS' FUNDS 599,927 714,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

PBE FUELS LTD (REGISTERED NUMBER: 06390583)

STATEMENT OF FINANCIAL POSITION - continued
31 July 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 9 April 2024 and were signed on its behalf by:





Mr P W Ratcliffe - Director


PBE FUELS LTD (REGISTERED NUMBER: 06390583)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

PBE Fuels Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 directors are not aware of any material uncertainties in making their assessment of going concern. As a result the going concern basis of accounting has been adopted.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery - 15% on reducing balance
Computer equipment - 20% on reducing balance

Property, plant and equipment is measured at cost less accumulated depreciation and any accumulated impairment losses.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

PBE FUELS LTD (REGISTERED NUMBER: 06390583)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Income recognition
The company's turnover represents the supply of bio fuels and heating oil. The company recognises income when the supply has been made and the sales invoice has been sent to the customer.

Government grants
Government grants for capital expenditure are credited to a deferral account and released to the profit and loss account over the expected useful life of the relevant assets. Grants of a revenue nature are credited to income in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Land and Plant and Computer
buildings machinery equipment Totals
£    £    £    £   
COST
At 1 August 2022 181,347 1,027,337 71,124 1,279,808
Additions 32,802 297,500 1,632 331,934
Disposals - (5,117 ) - (5,117 )
At 31 July 2023 214,149 1,319,720 72,756 1,606,625
DEPRECIATION
At 1 August 2022 34,467 488,715 56,318 579,500
Charge for year 4,283 127,593 3,288 135,164
Eliminated on disposal - (5,117 ) - (5,117 )
At 31 July 2023 38,750 611,191 59,606 709,547
NET BOOK VALUE
At 31 July 2023 175,399 708,529 13,150 897,078
At 31 July 2022 146,880 538,622 14,806 700,308

PBE FUELS LTD (REGISTERED NUMBER: 06390583)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2022
and 31 July 2023 514,426
DEPRECIATION
At 1 August 2022 286,333
Charge for year 11,169
At 31 July 2023 297,502
NET BOOK VALUE
At 31 July 2023 216,924
At 31 July 2022 228,093

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 230,674 222,239
Other debtors 143,058 137,372
373,732 359,611

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 40,000 40,000
Hire purchase contracts 90,420 54,534
Trade creditors 355,189 622,025
Taxation and social security 6,836 12,912
Other creditors 228,456 67,984
720,901 797,455

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 106,667 146,667
Hire purchase contracts 193,746 170,066
300,413 316,733

PBE FUELS LTD (REGISTERED NUMBER: 06390583)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits owed to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr P W Ratcliffe
Balance outstanding at start of year - -
Amounts repaid (14,035 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (14,035 ) -