IRIS Accounts Production v24.3.0.553 04466719 director 1.9.23 31.3.24 31.3.24 22.10.24 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044667192023-08-31044667192024-03-31044667192023-09-012024-03-31044667192022-08-31044667192022-09-012023-08-31044667192023-08-3104466719ns15:EnglandWales2023-09-012024-03-3104466719ns14:PoundSterling2023-09-012024-03-3104466719ns10:Director12023-09-012024-03-3104466719ns10:PrivateLimitedCompanyLtd2023-09-012024-03-3104466719ns10:SmallEntities2023-09-012024-03-3104466719ns10:Audited2023-09-012024-03-3104466719ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-03-3104466719ns10:SmallCompaniesRegimeForAccounts2023-09-012024-03-3104466719ns10:FullAccounts2023-09-012024-03-3104466719ns10:OrdinaryShareClass12023-09-012024-03-3104466719ns10:RegisteredOffice2023-09-012024-03-3104466719ns5:CurrentFinancialInstruments2024-03-3104466719ns5:CurrentFinancialInstruments2023-08-3104466719ns5:ShareCapital2024-03-3104466719ns5:ShareCapital2023-08-3104466719ns5:RetainedEarningsAccumulatedLosses2024-03-3104466719ns5:RetainedEarningsAccumulatedLosses2023-08-3104466719ns5:FurnitureFittings2023-09-012024-03-3104466719ns5:FurnitureFittings2023-08-3104466719ns5:FurnitureFittings2024-03-3104466719ns5:FurnitureFittings2023-08-3104466719ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104466719ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3104466719ns10:OrdinaryShareClass12024-03-3104466719ns5:RetainedEarningsAccumulatedLosses2023-08-3104466719ns5:RetainedEarningsAccumulatedLosses2023-09-012024-03-3104466719ns10:Director22023-09-012024-03-3104466719ns10:Director222023-08-3104466719ns10:Director222022-08-3104466719ns10:Director222023-09-012024-03-3104466719ns10:Director222022-09-012023-08-3104466719ns10:Director222024-03-3104466719ns10:Director222023-08-3104466719ns10:Director32023-09-012024-03-3104466719ns10:Director332023-08-3104466719ns10:Director332022-08-3104466719ns10:Director332023-09-012024-03-3104466719ns10:Director332022-09-012023-08-3104466719ns10:Director332024-03-3104466719ns10:Director332023-08-31
REGISTERED NUMBER: 04466719 (England and Wales)














Financial Statements

for the Period

1 September 2023 to 31 March 2024

for

River Marine Fuels Ltd.

River Marine Fuels Ltd. (Registered number: 04466719)

Contents of the Financial Statements
for the Period 1 September 2023 to 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


River Marine Fuels Ltd.

Company Information
for the Period 1 September 2023 to 31 March 2024







DIRECTOR: N J Goodwin





REGISTERED OFFICE: Carlton House Gores Road, Knowlsey Indus
Gores Road, Knowlsey Industrial Estate
Liverpool
United Kingdom
L33 7XS





REGISTERED NUMBER: 04466719 (England and Wales)





AUDITORS: SB&P
Chartered Accountants & Statutory Auditors
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

River Marine Fuels Ltd. (Registered number: 04466719)

Balance Sheet
31 March 2024

31.3.24 31.8.23
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,638 7,271

CURRENT ASSETS
Debtors 5 2,283,480 1,724,499
Cash at bank 2,068,270 2,100,198
4,351,750 3,824,697
CREDITORS
Amounts falling due within one year 6 2,654,668 2,327,796
NET CURRENT ASSETS 1,697,082 1,496,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,703,720

1,504,172

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 1,703,620 1,504,072
SHAREHOLDERS' FUNDS 1,703,720 1,504,172

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 director and authorised for issue on 22 October 2024 and were signed by:





N J Goodwin - Director


River Marine Fuels Ltd. (Registered number: 04466719)

Notes to the Financial Statements
for the Period 1 September 2023 to 31 March 2024


1. STATUTORY INFORMATION

River Marine Fuels Ltd. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the period 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 period 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.

River Marine Fuels Ltd. (Registered number: 04466719)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 March 2024 24,097
DEPRECIATION
At 1 September 2023 16,826
Charge for period 633
At 31 March 2024 17,459
NET BOOK VALUE
At 31 March 2024 6,638
At 31 August 2023 7,271

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.8.23
(Unaudited)
£    £   
Trade debtors 1,942,538 1,401,102
Amounts owed by group undertakings 317,045 -
Other debtors 14,173 2,165
Marine Duty 9,724 10,052
Directors' current accounts - 305,620
VAT - 5,560
2,283,480 1,724,499

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.8.23
(Unaudited)
£    £   
Trade creditors 2,403,884 2,167,347
Tax 224,016 154,223
Social security and other taxes 10,411 109
Pension 814 343
VAT 3,397 -
Other creditors 12,146 5,774
2,654,668 2,327,796

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

River Marine Fuels Ltd. (Registered number: 04466719)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 March 2024


8. RESERVES
Retained
earnings
£   

At 1 September 2023 1,504,072
Profit for the period 199,548
At 31 March 2024 1,703,620

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

The Report of the Auditors was unqualified.

Suzanne Draper FCCA ACA (Senior Statutory Auditor)
for and on behalf of SB&P

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2024 and the year ended 31 August 2023:

31.3.24 31.8.23
(Unaudited)
£    £   
J C Donoghue
Balance outstanding at start of period 158,985 -
Amounts advanced 13,277 158,985
Amounts repaid (172,262 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 158,985

P A Wilson
Balance outstanding at start of period 146,635 19
Amounts advanced 10,155 146,616
Amounts repaid (156,790 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 146,635

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Standard Group Holdings Limited.

12. PARENT CONSOLIDATION

The company is included within the consolidated financial statements of Standard Group Holdings Ltd the registered office of which is Carlton House, Gores Lane, Knowsley Industrial Estate, Liverpool, L33 7XS.