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REGISTERED NUMBER: 09319113 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FUEL AND ELECTRICAL SOLUTIONS LTD

FUEL AND ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 09319113)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FUEL AND ELECTRICAL SOLUTIONS LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: A I Cranston
D Leake





SECRETARY:





REGISTERED OFFICE: Unit 3a Mercia Way
Foxhills Industrial Estate
Scunthorpe
South Humberside
DN15 8RE





REGISTERED NUMBER: 09319113 (England and Wales)





ACCOUNTANT: David Jeffreys Ltd
First Floor
4 Princes Street
Huntingdon
Cambridgeshire
PE29 3PA

FUEL AND ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 09319113)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,944 55,893

CURRENT ASSETS
Debtors 5 81,519 171,127
Cash at bank 105,688 112,328
187,207 283,455
CREDITORS
Amounts falling due within one year 6 108,884 158,154
NET CURRENT ASSETS 78,323 125,301
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,267

181,194

PROVISIONS FOR LIABILITIES 7,589 11,179
NET ASSETS 110,678 170,015

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 110,668 170,005
SHAREHOLDERS' FUNDS 110,678 170,015

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.

FUEL AND ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 09319113)

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 22 August 2024 and were signed on its behalf by:





A I Cranston - Director


FUEL AND ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 09319113)

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

1. STATUTORY INFORMATION

Fuel and Electrical Solutions 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.

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.

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 and 20% on reducing balance

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 8 (2022 - 7 ) .

FUEL AND ELECTRICAL SOLUTIONS LTD (REGISTERED NUMBER: 09319113)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 115,172
Disposals (6,333 )
At 31 December 2023 108,839
DEPRECIATION
At 1 January 2023 59,279
Charge for year 13,945
Eliminated on disposal (4,329 )
At 31 December 2023 68,895
NET BOOK VALUE
At 31 December 2023 39,944
At 31 December 2022 55,893

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 70,405 106,618
Other debtors 11,114 64,509
81,519 171,127

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,108 30,846
Taxation and social security 16,591 29,971
Other creditors 87,185 97,337
108,884 158,154

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary 1 10 10