1 March 2023 false No description of principal activity Taxfiler 2024.6 NI676317business:PrivateLimitedCompanyLtd2023-03-012024-02-29 NI6763172023-02-28 NI6763172023-03-012024-02-29 NI676317business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 NI676317business:AbridgedAccounts2023-03-012024-02-29 NI6763172024-02-29 NI676317business:Director12023-03-012024-02-29 NI6763172023-02-28 NI676317core:WithinOneYear2024-02-29 NI676317core:WithinOneYear2023-02-28 NI676317core:AfterOneYear2024-02-29 NI676317core:AfterOneYear2023-02-28 NI676317core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 NI676317core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 NI676317core:PreviouslyStatedAmount2024-02-29 NI676317core:PreviouslyStatedAmount2023-02-28 NI676317business:SmallEntities2023-03-012024-02-29 NI676317countries:NorthernIreland2023-03-012024-02-29 NI676317core:MotorVehicles2023-03-012024-02-29 NI6763172022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. NI676317 (Northern Ireland)
Town Fuels Ltd Unaudited accounts for the year ended 29 February 2024
Town Fuels Ltd Unaudited accounts Contents
Page
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Town Fuels Ltd Company Information for the year ended 29 February 2024
Director
William Murphy
Company Number
NI676317 (Northern Ireland)
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Town Fuels Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,351 
32,834 
Current assets
Inventories
10,000 
10,000 
Cash at bank and in hand
62,096 
76,347 
72,096 
86,347 
Creditors: amounts falling due within one year
(62,208)
(5,394)
Net current assets
9,888 
80,953 
Total assets less current liabilities
50,239 
113,787 
Creditors: amounts falling due after more than one year
(38,901)
(85,890)
Net assets
11,338 
27,897 
Capital and reserves
Profit and loss account
11,338 
27,897 
Shareholders' funds
11,338 
27,897 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 November 2024 and were signed on its behalf by
William Murphy Director Company Registration No. NI676317
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Town Fuels Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Town Fuels Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI676317.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10%
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
32,834 
Additions
12,000 
At 29 February 2024
44,834 
Depreciation
Charge for the year
4,483 
At 29 February 2024
4,483 
Net book value
At 29 February 2024
40,351 
At 28 February 2023
32,834 
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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