Registered number
09532502
Irlam Service Station Ltd
Filleted Accounts
31 January 2024
Irlam Service Station Ltd
Registered number: 09532502
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 384,282 396,684
Current assets
Stocks 104,790 115,769
Debtors 4 221,562 277,642
Cash at bank and in hand 287,379 330,602
613,731 724,013
Creditors: amounts falling due within one year 5 (184,655) (302,040)
Net current assets 429,076 421,973
Total assets less current liabilities 813,358 818,657
Creditors: amounts falling due after more than one year 6 (438,892) (546,292)
Net assets 374,466 272,365
Capital and reserves
Called up share capital 200 200
Profit and loss account 374,266 272,165
Shareholders' funds 374,466 272,365
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
Irlam 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
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance basis
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 8 9
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 438,439 82,211 520,650
At 31 January 2024 438,439 82,211 520,650
Depreciation
At 1 February 2023 59,921 64,045 123,966
Charge for the year 8,769 3,633 12,402
At 31 January 2024 68,690 67,678 136,368
Net book value
At 31 January 2024 369,749 14,533 384,282
At 31 January 2023 378,518 18,166 396,684
4 Debtors 2024 2023
£ £
Trade debtors 6,949 28,061
Other debtors 214,613 249,581
221,562 277,642
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 60,898
Trade creditors 119,542 190,008
Taxation and social security costs 57,284 41,654
Other creditors 7,829 9,480
184,655 302,040
£121,525 (2023: £148,773) of trade creditors owed to Shell UK Oil Products Ltd are secured against the company's assets.
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 66,523
Other creditors 438,892 479,769
438,892 546,292
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans - 93,393
[Give an indication of the nature and form of the security for the bank loans]
8 Related party transactions
Included in other debtors are interest free loans totalling £195,602 (2023: £195,581) owed by related companies.

Other creditors falling due after one year include an amount owed by a relates company totalling £164,597 (2023:£164,597).

The directors and shareholders of Irlam Service Station Ltd are also directors and shareholders of the related companies.
9 Controlling party
The company is controlled by the directors, who with close family members hold 100% of the issued share capital.
10 Other information
Irlam Service Station Ltd is a private company limited by shares and incorporated in England. Its registered office is:
50 Caledonian Road
Dewsbury
West Yorkshire
WF13 2DU
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