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REGISTERED NUMBER: 00774135 (England and Wales)















RUGBY FUEL SUPPLIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024






RUGBY FUEL SUPPLIES LIMITED (REGISTERED NUMBER: 00774135)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RUGBY FUEL SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: P M Taylour
C T Taylour
M L Adams





SECRETARY: P M Taylour





REGISTERED OFFICE: Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG





REGISTERED NUMBER: 00774135 (England and Wales)





ACCOUNTANTS: Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG

RUGBY FUEL SUPPLIES LIMITED (REGISTERED NUMBER: 00774135)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 1,100,000 1,100,000

CURRENT ASSETS
Debtors 6 19,154 5,313
Cash at bank 104,727 111,856
123,881 117,169
CREDITORS
Amounts falling due within one year 7 24,531 29,636
NET CURRENT ASSETS 99,350 87,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,199,350

1,187,533

PROVISIONS FOR LIABILITIES 136,893 136,893
NET ASSETS 1,062,457 1,050,640

CAPITAL AND RESERVES
Called up share capital 760 760
Fair value reserve 763,724 763,724
Retained earnings 297,973 286,156
SHAREHOLDERS' FUNDS 1,062,457 1,050,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RUGBY FUEL SUPPLIES LIMITED (REGISTERED NUMBER: 00774135)

BALANCE SHEET - continued
31ST JULY 2024


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 17th October 2024 and were signed on its behalf by:





P M Taylour - Director


RUGBY FUEL SUPPLIES LIMITED (REGISTERED NUMBER: 00774135)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Rugby Fuel Supplies 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
There are no significant judgements that have a material effect on the financial statements nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

Turnover
Turnover represents invoiced rents receivable.

Investment property
Investment property is carried at fair value. Revaluation surpluses or deficits are recognised in the income statement. Deferred taxation is provided on these gains and the net of revaluation and deferred tax movement transferred to a fair value reserve.

The directors review the property portfolio each year and adjust the carrying value where they believe that there is a material adjustment to the previous year.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

RUGBY FUEL SUPPLIES LIMITED (REGISTERED NUMBER: 00774135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023
and 31st July 2024 1,100,000
NET BOOK VALUE
At 31st July 2024 1,100,000
At 31st July 2023 1,100,000

Fair value at 31st July 2024 is represented by:
£   
Valuation in 2020 1,160,617
Valuation in 2021 (260,000 )
Cost 199,383
1,100,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 199,383 199,383

The investment property was valued on an open market basis on 31st July 2021 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,154 5,313

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 85
Corporation tax payable 16,465 25,072
Accrued expenses 8,066 4,479
24,531 29,636