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REGISTERED NUMBER: 02961881 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Hucknall Bypass Filling Station Limited

Hucknall Bypass Filling Station Limited (Registered number: 02961881)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hucknall Bypass Filling Station Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr A V Castledine
Mrs C A Castledine





SECRETARY: Mr L Castledine





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 02961881 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Hucknall Bypass Filling Station Limited (Registered number: 02961881)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 943,495 865,132

CURRENT ASSETS
Stocks 130,170 98,379
Debtors 5 1,104,168 871,089
Cash at bank 2,512,006 2,604,924
3,746,344 3,574,392
CREDITORS
Amounts falling due within one year 6 1,031,241 1,255,023
NET CURRENT ASSETS 2,715,103 2,319,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,658,598

3,184,501

PROVISIONS FOR LIABILITIES 57,917 38,326
NET ASSETS 3,600,681 3,146,175

CAPITAL AND RESERVES
Called up share capital 7 155,000 155,000
Revaluation reserve 8 322,356 322,356
Retained earnings 3,123,325 2,668,819
SHAREHOLDERS' FUNDS 3,600,681 3,146,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Hucknall Bypass Filling Station Limited (Registered number: 02961881)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





Mr A V Castledine - Director


Hucknall Bypass Filling Station Limited (Registered number: 02961881)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Hucknall Bypass Filling Station 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.

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.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 2% straight line basis
Plant and machinery - 20% reducing balance basis
Fixtures, fittings and equipment - 20% reducing balance basis
Motor vehicles - 25% reducing balance basis

Land and buildings had previously been depreciated on a 2% straight line basis, however the directors do not feel that continued depreciation is appropriate as it does not accurately reflect the useful life of the asset.

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 Statement of Income and Retained Earnings, 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.

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.

Hucknall Bypass Filling Station Limited (Registered number: 02961881)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 May 2023 1,016,750 47,232 181,926
Additions - - -
Reclassification/transfer - - (5,228 )
At 30 April 2024 1,016,750 47,232 176,698
DEPRECIATION
At 1 May 2023 304,925 20,984 118,542
Charge for year - 945 12,677
Reclassification/transfer - - (5,228 )
At 30 April 2024 304,925 21,929 125,991
NET BOOK VALUE
At 30 April 2024 711,825 25,303 50,707
At 30 April 2023 711,825 26,248 63,384

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2023 161,210 91,500 1,498,618
Additions 799 141,995 142,794
Reclassification/transfer - - (5,228 )
At 30 April 2024 162,009 233,495 1,636,184
DEPRECIATION
At 1 May 2023 145,847 43,188 633,486
Charge for year 3,233 47,576 64,431
Reclassification/transfer - - (5,228 )
At 30 April 2024 149,080 90,764 692,689
NET BOOK VALUE
At 30 April 2024 12,929 142,731 943,495
At 30 April 2023 15,363 48,312 865,132

Hucknall Bypass Filling Station Limited (Registered number: 02961881)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 70,975 99,708
Castledine Driving Force Ltd 17,562 16,584
Other debtors 812,965 498,956
Directors' loan accounts 126,320 202,372
Prepayments 76,346 53,469
1,104,168 871,089

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 803,948 969,835
Tax 205,671 224,425
Social security and other taxes 4,599 660
VAT 8,776 51,244
Accrued expenses 8,247 8,859
1,031,241 1,255,023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
155,000 Ordinary £1 155,000 155,000

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 322,356

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr A V Castledine
Balance outstanding at start of year 195,348 67,467
Amounts advanced 84,939 207,650
Amounts repaid (216,998 ) (79,769 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,289 195,348

Hucknall Bypass Filling Station Limited (Registered number: 02961881)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs C A Castledine
Balance outstanding at start of year 7,024 45,352
Amounts advanced 165,932 38,022
Amounts repaid (109,924 ) (76,350 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,032 7,024

The loan balances have been charged interest at a rate of 2.25% per annum. The full balance of the accounts were cleared within nine months of the year end.