2023-05-012024-04-302024-04-30falseSC476464RJ FUELS LTD2024-10-01falseiso4217:GBPxbrli:pureSC4764642023-05-01SC4764642024-04-30SC4764642023-05-012024-04-30SC4764642022-05-01SC4764642023-04-30SC4764642022-05-012023-04-30SC476464bus:SmallEntities2023-05-012024-04-30SC476464bus:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC476464bus:FullAccounts2023-05-012024-04-30SC476464bus:PrivateLimitedCompanyLtd2023-05-012024-04-30SC476464core:WithinOneYear2024-04-30SC476464core:AfterOneYear2024-04-30SC476464core:WithinOneYear2023-04-30SC476464core:AfterOneYear2023-04-30SC476464core:ShareCapital2024-04-30SC476464core:SharePremium2024-04-30SC476464core:RevaluationReserve2024-04-30SC476464core:OtherReservesSubtotal2024-04-30SC476464core:RetainedEarningsAccumulatedLosses2024-04-30SC476464core:ShareCapital2023-04-30SC476464core:SharePremium2023-04-30SC476464core:RevaluationReserve2023-04-30SC476464core:OtherReservesSubtotal2023-04-30SC476464core:RetainedEarningsAccumulatedLosses2023-04-30SC476464core:LandBuildings2024-04-30SC476464core:PlantMachinery2024-04-30SC476464core:Vehicles2024-04-30SC476464core:FurnitureFittings2024-04-30SC476464core:OfficeEquipment2024-04-30SC476464core:NetGoodwill2024-04-30SC476464core:IntangibleAssetsOtherThanGoodwill2024-04-30SC476464core:ListedExchangeTraded2024-04-30SC476464core:UnlistedNon-exchangeTraded2024-04-30SC476464core:LandBuildings2023-04-30SC476464core:PlantMachinery2023-04-30SC476464core:Vehicles2023-04-30SC476464core:FurnitureFittings2023-04-30SC476464core:OfficeEquipment2023-04-30SC476464core:NetGoodwill2023-04-30SC476464core:IntangibleAssetsOtherThanGoodwill2023-04-30SC476464core:ListedExchangeTraded2023-04-30SC476464core:UnlistedNon-exchangeTraded2023-04-30SC476464core:LandBuildings2023-05-012024-04-30SC476464core:PlantMachinery2023-05-012024-04-30SC476464core:Vehicles2023-05-012024-04-30SC476464core:FurnitureFittings2023-05-012024-04-30SC476464core:OfficeEquipment2023-05-012024-04-30SC476464core:NetGoodwill2023-05-012024-04-30SC476464core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30SC476464core:ListedExchangeTraded2023-05-012024-04-30SC476464core:UnlistedNon-exchangeTraded2023-05-012024-04-30SC476464core:MoreThanFiveYears2023-05-012024-04-30SC476464core:Non-currentFinancialInstruments2024-04-30SC476464core:Non-currentFinancialInstruments2023-04-30SC476464dpl:CostSales2023-05-012024-04-30SC476464dpl:DistributionCosts2023-05-012024-04-30SC476464core:LandBuildings2023-05-012024-04-30SC476464core:PlantMachinery2023-05-012024-04-30SC476464core:Vehicles2023-05-012024-04-30SC476464core:FurnitureFittings2023-05-012024-04-30SC476464core:OfficeEquipment2023-05-012024-04-30SC476464dpl:AdministrativeExpenses2023-05-012024-04-30SC476464core:NetGoodwill2023-05-012024-04-30SC476464core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30SC476464dpl:GroupUndertakings2023-05-012024-04-30SC476464dpl:ParticipatingInterests2023-05-012024-04-30SC476464dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-012024-04-30SC476464core:ListedExchangeTraded2023-05-012024-04-30SC476464dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-012024-04-30SC476464core:UnlistedNon-exchangeTraded2023-05-012024-04-30SC476464dpl:CostSales2022-05-012023-04-30SC476464dpl:DistributionCosts2022-05-012023-04-30SC476464core:LandBuildings2022-05-012023-04-30SC476464core:PlantMachinery2022-05-012023-04-30SC476464core:Vehicles2022-05-012023-04-30SC476464core:FurnitureFittings2022-05-012023-04-30SC476464core:OfficeEquipment2022-05-012023-04-30SC476464dpl:AdministrativeExpenses2022-05-012023-04-30SC476464core:NetGoodwill2022-05-012023-04-30SC476464core:IntangibleAssetsOtherThanGoodwill2022-05-012023-04-30SC476464dpl:GroupUndertakings2022-05-012023-04-30SC476464dpl:ParticipatingInterests2022-05-012023-04-30SC476464dpl:GroupUndertakingscore:ListedExchangeTraded2022-05-012023-04-30SC476464core:ListedExchangeTraded2022-05-012023-04-30SC476464dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-05-012023-04-30SC476464core:UnlistedNon-exchangeTraded2022-05-012023-04-30SC476464core:NetGoodwill2024-04-30SC476464core:IntangibleAssetsOtherThanGoodwill2024-04-30SC476464core:LandBuildings2024-04-30SC476464core:PlantMachinery2024-04-30SC476464core:Vehicles2024-04-30SC476464core:FurnitureFittings2024-04-30SC476464core:OfficeEquipment2024-04-30SC476464core:AfterOneYear2024-04-30SC476464core:WithinOneYear2024-04-30SC476464core:ListedExchangeTraded2024-04-30SC476464core:UnlistedNon-exchangeTraded2024-04-30SC476464core:ShareCapital2024-04-30SC476464core:SharePremium2024-04-30SC476464core:RevaluationReserve2024-04-30SC476464core:OtherReservesSubtotal2024-04-30SC476464core:RetainedEarningsAccumulatedLosses2024-04-30SC476464core:NetGoodwill2023-04-30SC476464core:IntangibleAssetsOtherThanGoodwill2023-04-30SC476464core:LandBuildings2023-04-30SC476464core:PlantMachinery2023-04-30SC476464core:Vehicles2023-04-30SC476464core:FurnitureFittings2023-04-30SC476464core:OfficeEquipment2023-04-30SC476464core:AfterOneYear2023-04-30SC476464core:WithinOneYear2023-04-30SC476464core:ListedExchangeTraded2023-04-30SC476464core:UnlistedNon-exchangeTraded2023-04-30SC476464core:ShareCapital2023-04-30SC476464core:SharePremium2023-04-30SC476464core:RevaluationReserve2023-04-30SC476464core:OtherReservesSubtotal2023-04-30SC476464core:RetainedEarningsAccumulatedLosses2023-04-30SC476464core:NetGoodwill2022-05-01SC476464core:IntangibleAssetsOtherThanGoodwill2022-05-01SC476464core:LandBuildings2022-05-01SC476464core:PlantMachinery2022-05-01SC476464core:Vehicles2022-05-01SC476464core:FurnitureFittings2022-05-01SC476464core:OfficeEquipment2022-05-01SC476464core:AfterOneYear2022-05-01SC476464core:WithinOneYear2022-05-01SC476464core:ListedExchangeTraded2022-05-01SC476464core:UnlistedNon-exchangeTraded2022-05-01SC476464core:ShareCapital2022-05-01SC476464core:SharePremium2022-05-01SC476464core:RevaluationReserve2022-05-01SC476464core:OtherReservesSubtotal2022-05-01SC476464core:RetainedEarningsAccumulatedLosses2022-05-01SC476464core:AfterOneYear2023-05-012024-04-30SC476464core:WithinOneYear2023-05-012024-04-30SC476464core:Non-currentFinancialInstrumentscore:CostValuation2023-05-012024-04-30SC476464core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-012024-04-30SC476464core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-012024-04-30SC476464core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-012024-04-30SC476464core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-012024-04-30SC476464core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-012024-04-30SC476464core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-012024-04-30SC476464core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-012024-04-30SC476464core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-012024-04-30SC476464core:Non-currentFinancialInstrumentscore:CostValuation2024-04-30SC476464core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-04-30SC476464core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-04-30SC476464core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-04-30SC476464core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-04-30SC476464core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-04-30SC476464core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-04-30SC476464core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-04-30SC476464core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-04-30SC476464core:Non-currentFinancialInstrumentscore:CostValuation2023-04-30SC476464core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-30SC476464core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-30SC476464core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-30SC476464core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-30SC476464core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-30SC476464core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-30SC476464core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-30SC476464core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-30SC476464bus:Director12023-05-012024-04-30SC476464core:FurnitureFittingsToolsEquipment2023-04-30SC476464core:FurnitureFittingsToolsEquipment2023-05-012024-04-30SC476464core:FurnitureFittingsToolsEquipment2024-04-30

RJ FUELS LTD

Registered Number
SC476464
(Scotland)

Unaudited Financial Statements for the Year ended
30 April 2024

RJ FUELS LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

SOOD, Rajan

Registered Address

6 Chapelton Av
Bearsden
East Dunbartonshire
G61 2RE

Registered Number

SC476464 (Scotland)
RJ FUELS LTD
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3667,030627,001
Investments4128,3461
795,376627,002
Current assets
Stocks5108,272117,272
Debtors692,89627,599
Cash at bank and on hand640,801848,917
841,969993,788
Creditors amounts falling due within one year7(1,003,179)(1,213,138)
Net current assets (liabilities)(161,210)(219,350)
Total assets less current liabilities634,166407,652
Creditors amounts falling due after one year8(45,822)(30,675)
Provisions for liabilities10(5,097)(1,495)
Net assets583,247375,482
Capital and reserves
Called up share capital11
Profit and loss account583,246375,481
Shareholders' funds583,247375,482
The financial statements were approved and authorised for issue by the Director on 1 October 2024, and are signed on its behalf by:
SOOD, Rajan
Director
Registered Company No. SC476464
RJ FUELS LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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 the fuel. The turnover is recognised at point of sale
Operating leases
Rentals payable under operating lease, including any lease incentive received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative time pattern in which economic benefits from the lease asset are consumed.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are initially recorded at cost and subsequently at cost less depreciation. Depreciation is provided on all tangible fixed assets as follows. No depreciation is charged on freehold land.

Reducing balance (%)Straight line (years)
Land and buildings-2
Fixtures and fittings10-
Vehicles25-
Office Equipment33-
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Financial instruments
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year1613
3.Tangible fixed assets

Land & buildings

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 May 23621,9391,8353,5861,484628,844
Additions-55,24379610,01266,051
At 30 April 24621,93957,0784,38211,496694,895
Depreciation and impairment
At 01 May 23-4595608241,843
Charge for year9,95114,1553601,55626,022
At 30 April 249,95114,6149202,38027,865
Net book value
At 30 April 24611,98842,4643,4629,116667,030
At 30 April 23621,9391,3763,026660627,001
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 May 2311
Additions128,345128,345
At 30 April 24128,346128,346
Net book value
At 30 April 24128,346128,346
At 30 April 2311

Notes

1Investments in group undertakings and participating interests
5.Stocks

2024

2023

££
Raw materials and consumables108,272117,272
Total108,272117,272
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-3,671
Amounts owed by group undertakings8,304-
Other debtors83,10617,380
Prepayments and accrued income1,4866,548
Total92,89627,599
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables123,23576,387
Bank borrowings and overdrafts10,6489,751
Taxation and social security83,041172,874
Finance lease and HP contracts17,477-
Other creditors764,778944,966
Accrued liabilities and deferred income4,0009,160
Total1,003,1791,213,138
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts20,03930,675
Other creditors25,783-
Total45,82230,675
Included within other creditors falling due within one year and creditors falling due after more than one year are bank loans amounting to £30,687(2023: £40,425). Bank loans are secured against floating charge that covers all the assets or undertaking of the company
9.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts25,783-
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)5,0971,495
Total5,0971,495
11.Capital commitments
At the reporting end date the company had a total outstanding commitments for future minimum lease payments under non-cancellable hire purchase of £43,260 (2023: £0).
12.Related party transactions
Included in other creditors due with in one year is an amount of £763,958 (2023:£831,694) due to the director.