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REGISTERED NUMBER: 08520551 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

FUEL FIXER LTD

FUEL FIXER LTD (Registered number: 08520551)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FUEL FIXER LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D Garside
S Guy





REGISTERED OFFICE: Fairway House
Portland Road
East Grinstead
West Sussex
RH19 4ET





REGISTERED NUMBER: 08520551 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

FUEL FIXER LTD (Registered number: 08520551)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 311,014 213,220
311,014 213,220

CURRENT ASSETS
Stocks 18,500 38,500
Debtors 6 294,568 653,773
Cash at bank 234,567 171,735
547,635 864,008
CREDITORS
Amounts falling due within one year 7 513,065 413,949
NET CURRENT ASSETS 34,570 450,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,584

663,279

CREDITORS
Amounts falling due after more than one
year

8

151,823

245,620
NET ASSETS 193,761 417,659

CAPITAL AND RESERVES
Called up share capital 280 280
Retained earnings 193,481 417,379
193,761 417,659

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

FUEL FIXER LTD (Registered number: 08520551)

Balance Sheet - continued
31 March 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 28 October 2024 and were signed on its behalf by:





D Garside - Director


FUEL FIXER LTD (Registered number: 08520551)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

FUEL FIXER 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.

FUEL FIXER LTD (Registered number: 08520551)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 45,000
AMORTISATION
At 1 April 2023
and 31 March 2024 45,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 383,315 24,570 407,885
Additions 189,099 - 189,099
At 31 March 2024 572,414 24,570 596,984
DEPRECIATION
At 1 April 2023 181,446 13,219 194,665
Charge for year 89,603 1,702 91,305
At 31 March 2024 271,049 14,921 285,970
NET BOOK VALUE
At 31 March 2024 301,365 9,649 311,014
At 31 March 2023 201,869 11,351 213,220

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 169,062 166,019
Deferred tax asset 6,660 6,660
175,722 172,679

FUEL FIXER LTD (Registered number: 08520551)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS - continued
31.3.24 31.3.23
£    £   
Amounts falling due after more than one year:
Amounts owed by participating interests 118,846 481,094

Aggregate amounts 294,568 653,773

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 40,589 68,615
Hire purchase contracts 81,876 44,974
Trade creditors 44,259 12,631
Tax 226,740 143,019
Social security and other taxes - 5,173
VAT 108,960 117,887
Other creditors 2,136 16,200
Accrued expenses 8,505 5,450
513,065 413,949

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2 - 5 Year 35,979 149,648
Hire purchase contracts 34,516 95,972
Amounts owed to participating interests 45,751 -
Other creditors 35,577 -
151,823 245,620

9. RELATED PARTY DISCLOSURES

LOANS TO ASSOCIATED COMPANIES

During the year the company made various loans to and from various associated companies, These are shown within the Financial Statements as 'Amounts owed to and from participating interests'

The related party transactions were processed on a commercial basis.

10. ULTIMATE CONTROLLING PARTY

the ultimate controlling Joint partner is between Stockbridge Sussex Limited and TwentyFourTwelve Ltd