Registered number
09532458
Sandgate Service Station Ltd
Filleted Accounts
31 January 2024
Sandgate Service Station Ltd
Registered number: 09532458
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 281,851 227,231
Current assets
Stocks 63,561 95,367
Debtors 4 87,182 95,602
Cash at bank and in hand 720,729 610,147
871,472 801,116
Creditors: amounts falling due within one year 5 (180,237) (186,463)
Net current assets 691,235 614,653
Total assets less current liabilities 973,086 841,884
Creditors: amounts falling due after more than one year 6 (252,404) (266,437)
Net assets 720,682 575,447
Capital and reserves
Called up share capital 200 200
Profit and loss account 720,482 575,247
Shareholders' funds 720,682 575,447
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Patel
Director
Approved by the board on 24 September 2024
Sandgate Service Station Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 257,261 11,538 268,799
Additions 61,714 - 61,714
At 31 January 2024 318,975 11,538 330,513
Depreciation
At 1 February 2023 33,604 7,964 41,568
Charge for the year 6,379 715 7,094
At 31 January 2024 39,983 8,679 48,662
Net book value
At 31 January 2024 278,992 2,859 281,851
At 31 January 2023 223,657 3,574 227,231
4 Debtors 2024 2023
£ £
Trade debtors 17,276 25,580
Other debtors 69,906 70,022
87,182 95,602
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 10,000
Trade creditors 106,127 109,824
Taxation and social security costs 68,648 61,486
Other creditors 5,462 5,153
180,237 186,463
£93,319 (2023: £96,126) of trade creditors owed to Valero Energy Limited are secured against the assets of the company.
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 24,028
Other creditors 252,404 242,409
252,404 266,437
7 Related party transactions
Included in other debtors is an amount owed by a relates company in the amount of £69,906(2023: £70,000)
Creditors falling due more than one year include amounts owed to related companies which total £184,516 (2023: 169,167).

The directors and shareholders of Sandgate Service Station Ltd are also directors and shareholders of the related companies.
8 Controlling party
During the year the company was under the control of the directors who holds 100% of the issued shares.
9 Other information
Sandgate Service Station Ltd is a private company limited by shares and incorporated in England. Its registered office is:
50 Caledonian Road
Dewsbury
West Yorkshire
WF12 9NT
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