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REGISTERED NUMBER: 01259685 (England and Wales)















Cambrian Fuelcard Services Limited

Audited Financial Statements for the Year Ended 31 December 2023






Cambrian Fuelcard Services Limited (Registered number: 01259685)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cambrian Fuelcard Services Limited

Company Information
for the Year Ended 31 December 2023







Directors: T H Stockton
D T Stockton
L Stockton



Registered office: Suite 3 Brecon House
Llantarnam Industrial Park
Cwmbran
NP44 3AB



Registered number: 01259685 (England and Wales)



Auditors: Haines Watts Wales LLP, Statutory Auditors
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ



Bankers: HSBC
Bute Street
Cardiff

Cambrian Fuelcard Services Limited (Registered number: 01259685)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 86,884 74,083
Investments 6 7,900 7,900
94,784 81,983

Current assets
Stocks 7 61,016 65,933
Debtors 8 366,288 471,097
Cash at bank 898,480 760,933
1,325,784 1,297,963
Creditors
Amounts falling due within one year 9 (847,163 ) (811,680 )
Net current assets 478,621 486,283
Total assets less current liabilities 573,405 568,266

Creditors
Amounts falling due after more than one year 10 - (375 )

Provisions for liabilities 12 (2,892 ) (10,190 )
Net assets 570,513 557,701

Capital and reserves
Called up share capital 13 300 300
Other reserves 950 950
Retained earnings 569,263 556,451
Shareholders' funds 570,513 557,701

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 23 September 2024 and were signed on its behalf by:





D T Stockton - Director


Cambrian Fuelcard Services Limited (Registered number: 01259685)

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

1. Statutory information

Cambrian Fuelcard Services 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.

The financial statements have been prepared on a going concern basis.

Turnover
Turnover represents amounts chargeable net of value added tax, in respect of the sale of petroleum and associated commissions and royalties.

Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 20% on cost
Office equipment - 20% on cost

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.

Cambrian Fuelcard Services Limited (Registered number: 01259685)

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

2. Accounting policies - continued

Fixed asset investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of those obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. Employees and directors

The average number of employees during the year was 11 (2022 - 12 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2023
and 31 December 2023 32,766
Amortisation
At 1 January 2023
and 31 December 2023 32,766
Net book value
At 31 December 2023 -
At 31 December 2022 -

5. Tangible fixed assets
Short Motor Office
leasehold vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2023 51,603 110,141 57,761 219,505
Additions - 39,645 2,595 42,240
At 31 December 2023 51,603 149,786 60,356 261,745
Depreciation
At 1 January 2023 51,603 67,397 26,422 145,422
Charge for year - 19,369 10,070 29,439
At 31 December 2023 51,603 86,766 36,492 174,861
Net book value
At 31 December 2023 - 63,020 23,864 86,884
At 31 December 2022 - 42,744 31,339 74,083

Cambrian Fuelcard Services Limited (Registered number: 01259685)

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

5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 January 2023
and 31 December 2023 11,018
Depreciation
At 1 January 2023 8,447
Charge for year 2,204
At 31 December 2023 10,651
Net book value
At 31 December 2023 367
At 31 December 2022 2,571

6. Fixed asset investments
Other
investments
£   
Cost
At 1 January 2023
and 31 December 2023 7,900
Net book value
At 31 December 2023 7,900
At 31 December 2022 7,900

7. Stocks
2023 2022
£    £   
Stocks 61,016 65,933

8. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 337,420 448,870
Other debtors 9,189 5,818
Prepayments 19,679 16,409
366,288 471,097

Cambrian Fuelcard Services Limited (Registered number: 01259685)

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

9. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts (see note 11) 374 2,209
Trade creditors 503,571 504,680
Corporation Tax 124,094 114,800
VAT 16,014 5,203
Other creditors 4,008 8,481
Directors' current accounts 196,452 133,657
Accrued expenses 2,650 42,650
847,163 811,680

10. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts (see note 11) - 375

11. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 374 2,209
Between one and five years - 375
374 2,584

Non-cancellable operating leases
2023 2022
£    £   
Within one year 19,393 15,353
Between one and five years 51,715 71,108
71,108 86,461

12. Provisions for liabilities
2023 2022
£    £   
Deferred tax 2,892 10,190

Deferred
tax
£   
Balance at 1 January 2023 10,190
Credit to Income Statement during year (7,298 )
Balance at 31 December 2023 2,892

Cambrian Fuelcard Services Limited (Registered number: 01259685)

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

13. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
240 Ordinary A £1 240 270
60 Ordinary B £1 60 30
300 300

14. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Victoria Carter (Senior Statutory Auditor)
for and on behalf of Haines Watts Wales LLP, Statutory Auditors

15. Directors' advances, credits and guarantees

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

2023 2022
£    £   
D T Stockton
Balance outstanding at start of year (76,157 ) (69,156 )
Amounts advanced (202,070 ) 218,458
Amounts repaid 168,938 (225,459 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (109,289 ) (76,157 )

T H Stockton
Balance outstanding at start of year (57,500 ) (11,678 )
Amounts advanced (41,539 ) 142,929
Amounts repaid 33,725 (188,751 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (65,314 ) (57,500 )

L Stockton
Balance outstanding at start of year - (11,967 )
Amounts advanced (60,248 ) 17,501
Amounts repaid 38,398 (5,534 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (21,850 ) -

There is no fixed repayment dates on the loan accounts and no interest is charged.