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REGISTERED NUMBER: 06390583 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

PBE FUELS LTD

PBE FUELS LTD (REGISTERED NUMBER: 06390583)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PBE FUELS LTD

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mr G D Perkins
Mr P W Ratcliffe





SECRETARY: Mr G D Perkins





REGISTERED OFFICE: New House Farm
Canaston Bridge
Narberth
Pembrokeshire
SA678DE





REGISTERED NUMBER: 06390583 (England and Wales)





ACCOUNTANTS: L M Griffiths & Co Limited
Chartered Certified Accountants
1&2 Merlins Court
Winch Lane
Haverfordwest
Pembrokeshire
SA61 1SB

PBE FUELS LTD (REGISTERED NUMBER: 06390583)

STATEMENT OF FINANCIAL POSITION
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 885,782 897,078

CURRENT ASSETS
Inventories 224,351 296,216
Debtors 5 325,075 373,732
Cash at bank 393,286 188,551
942,712 858,499
CREDITORS
Amounts falling due within one year 6 (762,412 ) (720,901 )
NET CURRENT ASSETS 180,300 137,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,066,082

1,034,676

CREDITORS
Amounts falling due after more than one
year

7

(317,052

)

(300,413

)

PROVISIONS FOR LIABILITIES (164,378 ) (134,336 )
NET ASSETS 584,652 599,927

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 574,652 589,927
SHAREHOLDERS' FUNDS 584,652 599,927

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

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

PBE FUELS LTD (REGISTERED NUMBER: 06390583)

STATEMENT OF FINANCIAL POSITION - continued
31 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 16 January 2025 and were signed on its behalf by:





Mr P W Ratcliffe - Director


PBE FUELS LTD (REGISTERED NUMBER: 06390583)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

PBE 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.

The directors are not aware of any material uncertainties in making their assessment of going concern. As a result the going concern basis of accounting has been adopted.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery - 15% on reducing balance
Computer equipment - 20% on reducing balance

Property, plant and equipment is measured at cost less accumulated depreciation and any accumulated impairment losses.

Inventories
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

PBE FUELS LTD (REGISTERED NUMBER: 06390583)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Income recognition
The company's turnover represents the supply of bio fuels and heating oil. The company recognises income when the supply has been made and the sales invoice has been sent to the customer.

Government grants
Government grants for capital expenditure are credited to a deferral account and released to the profit and loss account over the expected useful life of the relevant assets. Grants of a revenue nature are credited to income in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 14 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Land and Plant and Computer
buildings machinery equipment Totals
£    £    £    £   
COST
At 1 August 2023 214,149 1,319,720 72,756 1,606,625
Additions 45,675 171,831 2,598 220,104
Disposals - (129,397 ) - (129,397 )
At 31 July 2024 259,824 1,362,154 75,354 1,697,332
DEPRECIATION
At 1 August 2023 38,750 611,191 59,606 709,547
Charge for year 5,197 115,995 3,150 124,342
Eliminated on disposal - (22,339 ) - (22,339 )
At 31 July 2024 43,947 704,847 62,756 811,550
NET BOOK VALUE
At 31 July 2024 215,877 657,307 12,598 885,782
At 31 July 2023 175,399 708,529 13,150 897,078

PBE FUELS LTD (REGISTERED NUMBER: 06390583)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2023 514,426
Additions 156,897
At 31 July 2024 671,323
DEPRECIATION
At 1 August 2023 297,502
Charge for year 79,001
At 31 July 2024 376,503
NET BOOK VALUE
At 31 July 2024 294,820
At 31 July 2023 216,924

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 250,940 230,674
Other debtors 74,135 143,058
325,075 373,732

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,000 40,000
Hire purchase contracts 134,133 90,420
Trade creditors 335,090 355,189
Taxation and social security 7,953 6,836
Other creditors 245,236 228,456
762,412 720,901

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 66,667 106,667
Hire purchase contracts 250,385 193,746
317,052 300,413

PBE FUELS LTD (REGISTERED NUMBER: 06390583)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits owed to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr P W Ratcliffe
Balance outstanding at start of year (14,035 ) -
Amounts repaid - (14,035 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (14,035 ) (14,035 )