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REGISTERED NUMBER: 04945985 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Paylor Fuels Limited

Paylor Fuels Limited (Registered number: 04945985)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Paylor Fuels Limited

Company Information
for the Year Ended 30 November 2024







Director: Mr N C S Paylor





Secretary:





Registered office: Lowfield Lane
Swinton
Malton
North Yorkshire
YO17 6SE





Registered number: 04945985 (England and Wales)





Accountants: Ashby Berry Coulsons Ltd
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

Paylor Fuels Limited (Registered number: 04945985)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 13,230 14,700

Current assets
Debtors 5 1,008 5,008
Cash at bank 1,047 951
2,055 5,959
Creditors
Amounts falling due within one year 6 917 545
Net current assets 1,138 5,414
Total assets less current liabilities 14,368 20,114

Creditors
Amounts falling due after more than one
year

7

19,917

23,643
Net liabilities (5,549 ) (3,529 )

Capital and reserves
Called up share capital 2 2
Retained earnings (5,551 ) (3,531 )
Shareholders' funds (5,549 ) (3,529 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Paylor Fuels Limited (Registered number: 04945985)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 March 2025 and were signed by:





Mr N C S Paylor - Director


Paylor Fuels Limited (Registered number: 04945985)

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

1. Statutory information

Paylor Fuels 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.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts for on-going services is recognised by reference to the stage of completion.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Paylor Fuels Limited (Registered number: 04945985)

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

2. Accounting policies - continued

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 December 2023
and 30 November 2024 39,468 522 39,990
Depreciation
At 1 December 2023 24,866 424 25,290
Charge for year 1,460 10 1,470
At 30 November 2024 26,326 434 26,760
Net book value
At 30 November 2024 13,142 88 13,230
At 30 November 2023 14,602 98 14,700

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 1,008 5,008

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors (1 ) (1 )
Other creditors 918 546
917 545

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other creditors 19,917 23,643

Paylor Fuels Limited (Registered number: 04945985)

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

8. Related party disclosures

The company was under the control of Mr N C S Paylor throughout the year. Mr Paylor is the managing director and shareholder.

9. Ultimate controlling party

The controlling party is Mr N C S Paylor.