DISCOVERY FILLING STATION LIMITED

Company Registration Number:
SC565663 (Scotland)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

DISCOVERY FILLING STATION LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

DISCOVERY FILLING STATION LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 195,000 210,000
Tangible assets: 4 461,059 460,489
Investments: 5 254,110 0
Total fixed assets: 910,169 670,489
Current assets
Stocks: 74,758 58,106
Debtors:   123,894 84,704
Cash at bank and in hand: 459,114 543,926
Total current assets: 657,766 686,736
Creditors: amounts falling due within one year:   (357,121) (338,405)
Net current assets (liabilities): 300,645 348,331
Total assets less current liabilities: 1,210,814 1,018,820
Provision for liabilities: (11,596) (10,648)
Total net assets (liabilities): 1,199,218 1,008,172
Capital and reserves
Called up share capital: 545,394 545,394
Profit and loss account: 653,824 462,778
Shareholders funds: 1,199,218 1,008,172

The notes form part of these financial statements

DISCOVERY FILLING STATION LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 March 2025
and signed on behalf of the board by:

Name: Bruce Ower
Status: Director

The notes form part of these financial statements

DISCOVERY FILLING STATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. Land and buildings are not depreciated as the fabric of the building is maintained out of revenue expenditure to ensure its value does not diminish over time. Depreciation on other assets is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows: Fittings and equipment – 10% straight line Motor vehicles -25% straight line

Intangible fixed assets and amortisation policy

Intangible assets are stated at cost or at valuation, less accumulated amortisation. Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets to their residual values over their estimated useful lives, as follows: Goodwill - 5% straight line

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price.

Other accounting policies

Current tax Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax Deferred tax is recognised on all material timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date. 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. 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.

DISCOVERY FILLING STATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 12 12

DISCOVERY FILLING STATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible Assets

Total
Cost £
At 01 July 2023 300,000
At 30 June 2024 300,000
Amortisation
At 01 July 2023 90,000
Charge for year 15,000
At 30 June 2024 105,000
Net book value
At 30 June 2024 195,000
At 30 June 2023 210,000

DISCOVERY FILLING STATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible Assets

Total
Cost £
At 01 July 2023 492,477
Additions 10,852
At 30 June 2024 503,329
Depreciation
At 01 July 2023 31,988
Charge for year 10,282
At 30 June 2024 42,270
Net book value
At 30 June 2024 461,059
At 30 June 2023 460,489

DISCOVERY FILLING STATION LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Fixed investments

Investment property purchased during the financial period measured at cost.