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REGISTERED NUMBER: 04571637 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

A M K FUEL SERVICES LTD

A M K FUEL SERVICES LTD (REGISTERED NUMBER: 04571637)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A M K FUEL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: A M Kitching
J A Kitching





REGISTERED OFFICE: Beck Keepers Cottage
4 Main Street
Kirkburn
Driffield
YO25 9DU





REGISTERED NUMBER: 04571637 (England and Wales)





ACCOUNTANTS: Positive Accountants
Elmwood House
York Road
Kirk Hammerton
York
North Yorkshire
YO26 8DH

A M K FUEL SERVICES LTD (REGISTERED NUMBER: 04571637)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 45,000 13,890

CURRENT ASSETS
Stocks 11,500 10,500
Debtors 4 464,531 316,471
Cash at bank 1,856 22,694
477,887 349,665
CREDITORS
Amounts falling due within one year 5 467,741 305,166
NET CURRENT ASSETS 10,146 44,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,146

58,389

CREDITORS
Amounts falling due after more than one
year

6

(43,458

)

(30,556

)

PROVISIONS FOR LIABILITIES (11,250 ) (2,639 )
NET ASSETS 438 25,194

A M K FUEL SERVICES LTD (REGISTERED NUMBER: 04571637)

BALANCE SHEET - continued
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 288 25,044
438 25,194

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

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

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 31 July 2024 and were signed on its behalf by:





A M Kitching - Director


A M K FUEL SERVICES LTD (REGISTERED NUMBER: 04571637)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

Stocks
Stocks 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 balance sheet date.


A M K FUEL SERVICES LTD (REGISTERED NUMBER: 04571637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


1. ACCOUNTING POLICIES - continued
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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 25,765
Additions 45,000
Disposals (25,765 )
At 31 October 2023 45,000
DEPRECIATION
At 1 November 2022 11,875
Eliminated on disposal (11,875 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 45,000
At 31 October 2022 13,890

A M K FUEL SERVICES LTD (REGISTERED NUMBER: 04571637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 389,409 316,471
Amounts owed by associates 34,574 -
Other debtors 40,548 -
464,531 316,471

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,333 8,333
Hire purchase contracts 8,375 6,362
Trade creditors 262,277 169,877
Taxation and social security 140,447 118,724
Other creditors 48,309 1,870
467,741 305,166

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 18,333 30,556
Hire purchase contracts 25,125 -
43,458 30,556

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 33,500 -

A M K FUEL SERVICES LTD (REGISTERED NUMBER: 04571637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
A M Kitching
Balance outstanding at start of year - -
Amounts advanced 27,796 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,796 -

J A Kitching
Balance outstanding at start of year - -
Amounts advanced 12,752 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,752 -