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REGISTERED NUMBER: 03070843 (England and Wales)

















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

MOORLAND FUELS LIMITED

MOORLAND FUELS LIMITED (REGISTERED NUMBER: 03070843)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOORLAND FUELS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mrs H L Bingham
C Bingham
M Crockett
J P Sharp
R S Wallace
Ms D S Newman
Ms A Turner





REGISTERED OFFICE: The Craggs Country Bus Park
New Road, Cragg Vale
Hebden Bridge
West Yorkshire
HX7 5TT





REGISTERED NUMBER: 03070843 (England and Wales)





AUDITORS: Cresswells Accountants (UK) Limited
Chartered Accountants
and Statutory Auditors
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

MOORLAND FUELS LIMITED (REGISTERED NUMBER: 03070843)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 555,423

CURRENT ASSETS
Stocks - 239,277
Debtors 5 - 1,823,440
Cash at bank - 673,799
- 2,736,516
CREDITORS
Amounts falling due within one year 6 - 2,851,814
NET CURRENT LIABILITIES - (115,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

440,125

CREDITORS
Amounts falling due after more than
one year

7

-

(158,204

)

PROVISIONS FOR LIABILITIES - (126,108 )
NET ASSETS - 155,813

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 (2 ) 155,811
SHAREHOLDERS' FUNDS - 155,813

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 19th September 2024 and were signed on its behalf by:





J P Sharp - Director


MOORLAND FUELS LIMITED (REGISTERED NUMBER: 03070843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Moorland Fuels 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.

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.

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.
Land and buildings - over the term of the lease
Plant and machinery etc - 25% on reducing balance and 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.

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.

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.

MOORLAND FUELS LIMITED (REGISTERED NUMBER: 03070843)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st January 2023 60,741 154,837 59,765 962,113 1,237,456
Disposals (60,741 ) (154,837 ) (59,765 ) (962,113 ) (1,237,456 )
At 31st December 2023 - - - - -
DEPRECIATION
At 1st January 2023 41,333 105,240 33,917 501,543 682,033
Charge for year 3,092 9,488 7,202 69,612 89,394
Eliminated on disposal (44,425 ) (114,728 ) (41,119 ) (571,155 ) (771,427 )
At 31st December 2023 - - - - -
NET BOOK VALUE
At 31st December 2023 - - - - -
At 31st December 2022 19,408 49,597 25,848 460,570 555,423

The net book value of assets held under finance leases or hire purchase contracts, included above, were as follows:
20232022
££

Short leasehold--
Motor vehicles-339,032
-339,032

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,621,389
Tax - 38
VAT - 109,992
Prepayments and accrued income - 92,021
- 1,823,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) - 96,108
Trade creditors - 2,704,212
Social security and other taxes - 19,439
Other creditors - 4,068
Accrued expenses - 27,987
- 2,851,814

MOORLAND FUELS LIMITED (REGISTERED NUMBER: 03070843)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) - 158,204

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year - 96,108
Between one and five years - 158,204
- 254,312

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary 1p 2 2

10. RESERVES
Retained
earnings
£   

At 1st January 2023 155,811
Profit for the year 267,188
Dividends (423,001 )
At 31st December 2023 (2 )

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Dakin BSc FCA (Senior Statutory Auditor)
for and on behalf of Cresswells Accountants (UK) Limited

MOORLAND FUELS LIMITED (REGISTERED NUMBER: 03070843)

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

12. RELATED PARTY DISCLOSURES

During the period sales were made to LCM Environmental Services Limited, a company with common Directors, of £3,597 (2022: £725) and costs were paid of £4,429 (2022: £15,780).

During the period sales were made to Craggs Energy Limited, a company with common Directors, of £153,960 (2022: £66,266) and costs were paid of £191,941 (2022: £281,366).

During the period sales were made to Greenarc Limited, a company with common Directors, of £59,218 (2022: £328,086) and costs were paid of £17,126 (2022: £103,794).

During the period purchases of £10,385 (2022: £29,399) were made from Greenarc Fuel Cards Limited, a company with common Directors.

During the period purchases of £743 (2022: £nil) were made from Greenarc Vehicles Limited, a company with common Directors.


The amounts (owed to)/due from related parties at the year end are as follows;
2023 2022
£    £   

Craggs Energy Limited Nil (16,174 )
Greenarc Limited Nil 21,239
Greenarc Fuel Cards Limited Nil (4,207 )

Nil 858

In September 2023 the trade and assets of the company were transferred to the parent company Craggs Energy Limited.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Craggs Energy Limited.

The ultimate controlling party is Craggs Holdings Limited .