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REGISTERED NUMBER: 13399365 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Shire Fuels Ltd

Shire Fuels Ltd (Registered number: 13399365)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shire Fuels Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D Wilkins
J Everitt





REGISTERED OFFICE: Unit 20 Foxes Bridge Road
Forest Vale Industrial Estate
Cinderford
Gloucestershire





REGISTERED NUMBER: 13399365 (England and Wales)





ACCOUNTANTS: SA Accountancy
5 Victoria Street
Cinderford
Gloucestershire
GL14 2ET

Shire Fuels Ltd (Registered number: 13399365)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,516 17,954

CURRENT ASSETS
Stocks 12,133 6,587
Debtors 5 15,280 7,092
Cash at bank 30,001 20,159
57,414 33,838
CREDITORS
Amounts falling due within one year 6 63,233 20,572
NET CURRENT (LIABILITIES)/ASSETS (5,819 ) 13,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,697

31,220

CREDITORS
Amounts falling due after more than one year 7 3,750 -
NET ASSETS 13,947 31,220

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 13,945 31,218
SHAREHOLDERS' FUNDS 13,947 31,220

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

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

Shire Fuels Ltd (Registered number: 13399365)

Balance Sheet - continued
31 May 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 7 February 2025 and were signed on its behalf by:





D Wilkins - Director


Shire Fuels Ltd (Registered number: 13399365)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Shire 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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

Shire Fuels Ltd (Registered number: 13399365)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 13,107 15,190 28,297
Additions 3,750 7,895 11,645
At 31 May 2024 16,857 23,085 39,942
DEPRECIATION
At 1 June 2023 3,697 6,646 10,343
Charge for year 1,974 4,109 6,083
At 31 May 2024 5,671 10,755 16,426
NET BOOK VALUE
At 31 May 2024 11,186 12,330 23,516
At 31 May 2023 9,410 8,544 17,954

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 8,690 2,688
Other debtors 6,590 4,404
15,280 7,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 2,369 -
Trade creditors 4,559 1,150
Taxation and social security 446 2,062
Other creditors 55,859 17,360
63,233 20,572

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 3,750 -