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REGISTERED NUMBER: 02858704 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Petromex Forecourt Services Limited

Petromex Forecourt Services Limited (Registered number: 02858704)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Petromex Forecourt Services Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr G P Valentine
Miss S L Valentine
Mr J A Fellows





SECRETARY: Mr J A Fellows





REGISTERED OFFICE: Harwood Bar Garage
Whalley Road
Great Harwood
Blackburn
Lancs
BB6 7TE





REGISTERED NUMBER: 02858704 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Petromex Forecourt Services Limited (Registered number: 02858704)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,467,594 3,407,749

CURRENT ASSETS
Stocks 175,662 290,833
Debtors 5 530,014 563,245
Cash at bank 757,905 742,717
1,463,581 1,596,795
CREDITORS
Amounts falling due within one year 6 1,623,729 735,456
NET CURRENT (LIABILITIES)/ASSETS (160,148 ) 861,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,307,446

4,269,088

CREDITORS
Amounts falling due after more than one
year

7

(384,317

)

(1,506,621

)

PROVISIONS FOR LIABILITIES (72,818 ) (56,621 )
NET ASSETS 2,850,311 2,705,846

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 5 5
Retained earnings 2,850,206 2,705,741
SHAREHOLDERS' FUNDS 2,850,311 2,705,846

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

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

Petromex Forecourt Services Limited (Registered number: 02858704)

Statement of Financial Position - continued
30 September 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 29 January 2025 and were signed on its behalf by:





Mr G P Valentine - Director


Petromex Forecourt Services Limited (Registered number: 02858704)

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


1. STATUTORY INFORMATION

Petromex Forecourt Services 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 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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Land and Building are initially recognised at cost, each year an assessment of the closing residual value of the Land and Building is taken into account and no depreciation charge is applied if this this is the same or above the net book value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 17 (2023 - 16 ) .

Petromex Forecourt Services Limited (Registered number: 02858704)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and
Buildings machinery fittings
£    £    £   
COST
At 1 October 2023 3,267,353 175,213 39,694
Additions 15,770 10,000 936
At 30 September 2024 3,283,123 185,213 40,630
DEPRECIATION
At 1 October 2023 - 77,045 6,620
Charge for year - 10,817 3,401
At 30 September 2024 - 87,862 10,021
NET BOOK VALUE
At 30 September 2024 3,283,123 97,351 30,609
At 30 September 2023 3,267,353 98,168 33,074

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 20,000 10,137 3,512,397
Additions 61,999 - 88,705
At 30 September 2024 81,999 10,137 3,601,102
DEPRECIATION
At 1 October 2023 11,808 9,175 104,648
Charge for year 14,038 604 28,860
At 30 September 2024 25,846 9,779 133,508
NET BOOK VALUE
At 30 September 2024 56,153 358 3,467,594
At 30 September 2023 8,192 962 3,407,749

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 530,014 563,245

Petromex Forecourt Services Limited (Registered number: 02858704)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 1,120,405 95,220
Taxation and social security 93,652 102,986
Other creditors 409,672 537,250
1,623,729 735,456

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 384,317 1,506,621

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 1,504,722 1,601,841

The companys overdraft is secured by first mortgage charge over the company's Land & Buildings.