Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11369438 Mr Nathan Church iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11369438 2023-05-31 11369438 2024-05-31 11369438 2023-06-01 2024-05-31 11369438 frs-core:CurrentFinancialInstruments 2024-05-31 11369438 frs-core:Non-currentFinancialInstruments 2024-05-31 11369438 frs-core:FurnitureFittings 2024-05-31 11369438 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11369438 frs-core:FurnitureFittings 2023-05-31 11369438 frs-core:PlantMachinery 2024-05-31 11369438 frs-core:PlantMachinery 2023-06-01 2024-05-31 11369438 frs-core:PlantMachinery 2023-05-31 11369438 frs-core:ShareCapital 2024-05-31 11369438 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11369438 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11369438 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11369438 frs-bus:SmallEntities 2023-06-01 2024-05-31 11369438 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11369438 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11369438 frs-bus:Director1 2023-06-01 2024-05-31 11369438 frs-countries:EnglandWales 2023-06-01 2024-05-31 11369438 2022-05-31 11369438 2023-05-31 11369438 2022-06-01 2023-05-31 11369438 frs-core:CurrentFinancialInstruments 2023-05-31 11369438 frs-core:Non-currentFinancialInstruments 2023-05-31 11369438 frs-core:ShareCapital 2023-05-31 11369438 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11369438
Core Fuel Logistics Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
BG Accountancy Services Ltd
Independent Certified Practising Accountants
120 Queens Hill Crescent
Newport
NP20 5HF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11369438
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,844 5,400
10,844 5,400
CURRENT ASSETS
Debtors 5 7,428 73,819
Cash at bank and in hand 400 400
7,828 74,219
Creditors: Amounts Falling Due Within One Year 6 (55,181 ) (70,070 )
NET CURRENT ASSETS (LIABILITIES) (47,353 ) 4,149
TOTAL ASSETS LESS CURRENT LIABILITIES (36,509 ) 9,549
Creditors: Amounts Falling Due After More Than One Year 7 - (33,750 )
NET LIABILITIES (36,509 ) (24,201 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (36,519 ) (24,211 )
SHAREHOLDERS' FUNDS (36,509) (24,201)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nathan Church
Director
30/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Core Fuel Logistics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11369438 . The registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Fixtures & Fittings 25% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 5,096 5,756 10,852
Additions - 10,876 10,876
As at 31 May 2024 5,096 16,632 21,728
Depreciation
As at 1 June 2023 2,644 2,808 5,452
Provided during the period 1,274 4,158 5,432
As at 31 May 2024 3,918 6,966 10,884
Net Book Value
As at 31 May 2024 1,178 9,666 10,844
As at 1 June 2023 2,452 2,948 5,400
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,428 63,995
Director's loan account - 9,824
7,428 73,819
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,919 62,447
Bank loans and overdrafts 23,162 6,072
VAT 1,675 1,101
Accruals and deferred income 450 450
Director's loan account 25,975 -
55,181 70,070
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 33,750
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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