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REGISTERED NUMBER: 02017333 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JULY 2023 TO 31ST JULY 2024

FOR

KWIKFILL LIMITED

KWIKFILL LIMITED (REGISTERED NUMBER: 02017333)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1st July 2023 to 31st July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KWIKFILL LIMITED

COMPANY INFORMATION
for the Period 1st July 2023 to 31st July 2024







DIRECTORS: Mr M D Hayes
Mr R S Parry





REGISTERED OFFICE: Midland Oil Group Limited
Shelah Road
Halesowen
B63 3PN





REGISTERED NUMBER: 02017333 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

KWIKFILL LIMITED (REGISTERED NUMBER: 02017333)

BALANCE SHEET
31st July 2024

31/7/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 701 941

CURRENT ASSETS
Stocks 5 - 3,000
Debtors 6 37,929 21,056
Cash at bank 9,167 44,480
47,096 68,536
CREDITORS
Amounts falling due within one year 7 6,940 21,583
NET CURRENT ASSETS 40,156 46,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,857

47,894

PROVISIONS FOR LIABILITIES 8 133 179
NET ASSETS 40,724 47,715

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 39,724 46,715
SHAREHOLDERS' FUNDS 40,724 47,715

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 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.

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 6th March 2025 and were signed on its behalf by:





Mr R S Parry - Director


KWIKFILL LIMITED (REGISTERED NUMBER: 02017333)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1st July 2023 to 31st July 2024


1. STATUTORY INFORMATION

Kwikfill 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 - 25% on reducing balance
Computer equipment - 33% 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 period 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 period 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.

3. EMPLOYEES AND DIRECTORS

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

KWIKFILL LIMITED (REGISTERED NUMBER: 02017333)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1st July 2023 to 31st July 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st July 2023
and 31st July 2024 83,823 1,883 85,706
DEPRECIATION
At 1st July 2023 82,933 1,832 84,765
Charge for period 223 17 240
At 31st July 2024 83,156 1,849 85,005
NET BOOK VALUE
At 31st July 2024 667 34 701
At 30th June 2023 890 51 941

5. STOCKS
31/7/24 30/6/23
£    £   
Stocks - 3,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 30/6/23
£    £   
Trade debtors 287 16,847
Amounts owed by group undertakings 37,479 -
VAT 163 -
Prepayments - 4,209
37,929 21,056

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 30/6/23
£    £   
Trade creditors 1,917 8,680
Tax 3,080 7,151
VAT - 4,543
Other creditors 1,943 -
Directors' current accounts - 1,209
6,940 21,583

8. PROVISIONS FOR LIABILITIES
31/7/24 30/6/23
£    £   
Deferred tax
Accelerated capital allowances 133 179

Deferred
tax
£   
Balance at 1st July 2023 179
Provided during period (46 )
Balance at 31st July 2024 133

KWIKFILL LIMITED (REGISTERED NUMBER: 02017333)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1st July 2023 to 31st July 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/24 30/6/23
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.