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Registered number: 08836402
Fuel Shakes Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08836402
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 203,469 107,314
203,469 107,314
CURRENT ASSETS
Stocks 5 119,999 104,360
Debtors 6 37,991 66,486
Cash at bank and in hand 16,767 15,362
174,757 186,208
Creditors: Amounts Falling Due Within One Year 7 (194,010 ) (135,303 )
NET CURRENT ASSETS (LIABILITIES) (19,253 ) 50,905
TOTAL ASSETS LESS CURRENT LIABILITIES 184,216 158,219
Creditors: Amounts Falling Due After More Than One Year 8 (57,533 ) (48,147 )
NET ASSETS 126,683 110,072
CAPITAL AND RESERVES
Called up share capital 10 139 139
Share premium account 125,011 125,011
Profit and Loss Account 1,533 (15,078 )
SHAREHOLDERS' FUNDS 126,683 110,072
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr K Wilson
Director
22 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Fuel Shakes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08836402 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery 20% Reducing Balance
Motor vehicles 20% Reducing Balance
Fixtures and fittings 20% Reducing Balance
Computer equipment 20% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 12)
6 12
4. Tangible Assets
Plant and machinery Motor vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
As at 1 December 2022 115,127 37,647 38,968 - 191,742
Additions 86,155 48,906 16,099 3,666 154,826
Disposals - (8,583 ) - - (8,583 )
As at 30 November 2023 201,282 77,970 55,067 3,666 337,985
Depreciation
As at 1 December 2022 47,271 18,765 18,392 - 84,428
Provided during the period 30,802 12,413 9,413 550 53,178
Disposals - (3,090 ) - - (3,090 )
As at 30 November 2023 78,073 28,088 27,805 550 134,516
Net Book Value
As at 30 November 2023 123,209 49,882 27,262 3,116 203,469
As at 1 December 2022 67,856 18,882 20,576 - 107,314
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Motor vehicles 46,638 -
46,638 -
5. Stocks
2023 2022
£ £
Work in progress 119,999 104,360
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6. Debtors
2023 2022
£ £
Due within one year
Corporation tax recoverable assets - 1,982
Deferred tax current asset 13,780 19,612
VAT 24,211 20,772
Net wages - 24,120
37,991 66,486
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 6,681 -
Trade creditors 29,040 -
Bank loans and overdrafts 110,625 38,344
Corporation tax 2,823 -
Other taxes and social security 23,520 19,324
Pension control account 481 606
Accruals and deferred income 3,459 2,405
Director's loan account 17,381 804
Amounts owed to subsidiaries - 73,820
194,010 135,303
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 39,957 -
Bank loans 17,576 48,147
57,533 48,147
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,681 -
Later than one year and not later than five years 39,957 -
46,638 -
46,638 -
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 139 139
11. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
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12. Related Party Transactions
The following related party transactions were undertaken during the year:
During the period the director received advances totalling £10,457 (2022: £3,246) and introduced capital of £27,033 (2022: £632). At the balance sheet date the amounts owed to the director totalled £17,381 (2022: £804).
Nio dividends were paid to the directors in respect of their shareholdings.
The aggregate remuneration paid to key management personnel for the year was £19,723 (2022: £51,973).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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