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REGISTERED NUMBER: 08992973 (England and Wales)

















CESSATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

GREENARC FUEL CARDS LIMITED

GREENARC FUEL CARDS LIMITED (REGISTERED NUMBER: 08992973)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GREENARC FUEL CARDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: C Bingham
D G Holmes
R S Wallace
Ms D S Newman
B L Duckworth
J Cosway
M Crockett
J P Sharp





REGISTERED OFFICE: Greenarc
First Floor, G Mill
Dean Clough
Halifax
West Yorkshire
HX3 5AX





REGISTERED NUMBER: 08992973 (England and Wales)





AUDITORS: Cresswells Accountants (UK) Limited
Chartered Accountants
and Statutory Auditors
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

GREENARC FUEL CARDS LIMITED (REGISTERED NUMBER: 08992973)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 10,747

CURRENT ASSETS
Stocks - 728,480
Debtors 5 329,339 1,590,036
Cash at bank - 125,419
329,339 2,443,935
CREDITORS
Amounts falling due within one year 6 - 2,125,343
NET CURRENT ASSETS 329,339 318,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,339

329,339

PROVISIONS FOR LIABILITIES - 2,687
NET ASSETS 329,339 326,652

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 329,239 326,552
SHAREHOLDERS' FUNDS 329,339 326,652

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 23rd December 2024 and were signed on its behalf by:





C Bingham - Director


GREENARC FUEL CARDS LIMITED (REGISTERED NUMBER: 08992973)

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

1. STATUTORY INFORMATION

Greenarc Fuel Cards 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.

The functional and presentation currency of Greenarc Fuel Cards Limited is considered to be pound sterling (£) because that is the currency of the primary economic environment in with the company operates. the financial statements have been prepared using round pounds only.

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.

Going concern
On 1 April 2023 the company entered into a Business Asset Transfer Agreement, transferring the trade and assets to a fellow subsidiary undertaking, Greenarc Limited. Once this transaction was completed, the company ceased to trade with immediate effect. As a result of this, the financial statements have been prepared on a basis other than that of a going concern.

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

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 etc - 33% on cost

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.

GREENARC FUEL CARDS LIMITED (REGISTERED NUMBER: 08992973)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 22 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 17,298
Reclassification/transfer (17,298 )
At 31st March 2024 -
DEPRECIATION
At 1st April 2023 6,551
Reclassification/transfer (6,551 )
At 31st March 2024 -
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 10,747

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,288,021
Amounts owed by group undertakings 329,239 -
Other debtors 100 302,015
329,339 1,590,036

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,753,933
Taxation and social security - 91,451
Other creditors - 279,959
- 2,125,343

GREENARC FUEL CARDS LIMITED (REGISTERED NUMBER: 08992973)

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

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
The comparative financial statements were not subject to audit and as such we have not been able to gain audit comfort on the opening balances.

We conducted our audit in accordance with International Standards on Auditing (UK)(ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence is sufficient and appropriate to provide a basis for our qualified opinion.

John Dakin BSc FCA (Senior Statutory Auditor)
for and on behalf of Cresswells Accountants (UK) Limited

8. RELATED PARTY DISCLOSURES

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.

9. ULTIMATE CONTROLLING PARTY

The directors are of the opinion that there is no one individual ultimate controlling party.

The company's parent undertaking, for whom consolidated financial statements are prepared, is Greenarc Energy Limited, a company registered in England and Wales, whose registered office is Greenarc first floor G Mill, Dean Clough, Halifax, HX3 5AX.