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REGISTERED NUMBER: 06454498 (England and Wales)















Commercial Fuel Solutions Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






Commercial Fuel Solutions Limited (Registered number: 06454498)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 6


Commercial Fuel Solutions Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R A Futcher
D L Futcher





SECRETARY: D L Futcher





REGISTERED OFFICE: Unit 43 City Industrial Park
Southern Road
Southampton
Hampshire
SO15 1HG





REGISTERED NUMBER: 06454498 (England and Wales)





ACCOUNTANTS: Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Commercial Fuel Solutions Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Commercial Fuel Solutions Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Commercial Fuel Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 1 September 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Commercial Fuel Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Commercial Fuel Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Commercial Fuel Solutions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Commercial Fuel Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Commercial Fuel Solutions Limited. You consider that Commercial Fuel Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Commercial Fuel Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tearle & Carver Limited
Chandos House
School Lane
Buckingham
Buckinghamshire
MK18 1HD


Date: .............................................

Commercial Fuel Solutions Limited (Registered number: 06454498)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 152,791 40,171

CURRENT ASSETS
Stocks 171,282 161,011
Debtors 5 480,985 687,515
Cash at bank and in hand 586,477 676,989
1,238,744 1,525,515
CREDITORS
Amounts falling due within one year 6 547,911 939,465
NET CURRENT ASSETS 690,833 586,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

843,624

626,221

CREDITORS
Amounts falling due after more than one
year

7

(20,834

)

(30,834

)

PROVISIONS FOR LIABILITIES (22,970 ) (5,559 )
NET ASSETS 799,820 589,828

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 798,820 588,828
SHAREHOLDERS' FUNDS 799,820 589,828

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

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

Commercial Fuel Solutions Limited (Registered number: 06454498)

Balance Sheet - continued
31 December 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 1 August 2024 and were signed on its behalf by:





R A Futcher - Director


Commercial Fuel Solutions Limited (Registered number: 06454498)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Commercial Fuel Solutions 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.

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

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 - 25% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 15 ) .

Commercial Fuel Solutions Limited (Registered number: 06454498)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 57,402 25,443 26,500 28,732 138,077
Additions 79,983 69,081 - 7,709 156,773
At 31 December 2023 137,385 94,524 26,500 36,441 294,850
DEPRECIATION
At 1 January 2023 39,194 16,586 26,500 15,626 97,906
Charge for year 29,339 11,691 - 3,123 44,153
At 31 December 2023 68,533 28,277 26,500 18,749 142,059
NET BOOK VALUE
At 31 December 2023 68,852 66,247 - 17,692 152,791
At 31 December 2022 18,208 8,857 - 13,106 40,171

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 384,480 673,857
Bad Debt Provision 6,206 -
Other debtors 51,147 -
Prepayments and accrued income 39,152 13,658
480,985 687,515

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,333 8,333
Trade creditors 374,522 615,326
Corporation tax 87,693 146,399
Social security and other taxes 14,047 15,180
VAT 24,508 69,564
Other creditors 36,450 82,297
Directors' current accounts 68 76
Accruals and deferred income 2,290 2,290
547,911 939,465

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 20,834 30,834