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REGISTERED NUMBER: NI024299 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended

30 September 2024

for

College Filling Station Limited

College Filling Station Limited (Registered number: NI024299)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


College Filling Station Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs S Flynn
P Flynn
G Flynn
Mrs N Flynn





SECRETARY: Mrs S Flynn





REGISTERED OFFICE: 112 Market Street
Downpatrick
Co. Down
BT30 6LZ





REGISTERED NUMBER: NI024299 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Rathmore House
52 St Patricks Avenue
Downpatrick
Co. Down
BT30 6DS

College Filling Station Limited (Registered number: NI024299)

Abridged Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 76,773 70,556
76,773 70,556

CURRENT ASSETS
Stocks 92,690 101,396
Debtors 273,424 276,594
Investments 138,671 123,769
Cash at bank and in hand 309,151 247,932
813,936 749,691
CREDITORS
Amounts falling due within one year 134,583 119,162
NET CURRENT ASSETS 679,353 630,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

756,126

701,085

PROVISIONS FOR LIABILITIES 19,082 13,303
NET ASSETS 737,044 687,782

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 736,944 687,682
737,044 687,782

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.

College Filling Station Limited (Registered number: NI024299)

Abridged Balance Sheet - 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





P Flynn - Director


College Filling Station Limited (Registered number: NI024299)

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


1. STATUTORY INFORMATION

College Filling Station Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 15% on reducing balance and 10% on cost

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 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.

College Filling Station Limited (Registered number: NI024299)

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


2. ACCOUNTING POLICIES - continued

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 19 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 38,750
AMORTISATION
At 1 October 2023
and 30 September 2024 38,750
NET BOOK VALUE

At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 262,676
Additions 18,131
At 30 September 2024 280,807
DEPRECIATION
At 1 October 2023 192,120
Charge for year 11,914
At 30 September 2024 204,034
NET BOOK VALUE
At 30 September 2024 76,773
At 30 September 2023 70,556