Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Mr P J Jennings 02/10/2001 27 March 2025 The principal activity of the company is to produce and market a high tech retrofit boiler controller, which is capable of saving the customer a significant amount of fossil fuel costs. 04297682 2024-06-30 04297682 bus:Director1 2024-06-30 04297682 2023-06-30 04297682 core:CurrentFinancialInstruments 2024-06-30 04297682 core:CurrentFinancialInstruments 2023-06-30 04297682 core:Non-currentFinancialInstruments 2024-06-30 04297682 core:Non-currentFinancialInstruments 2023-06-30 04297682 core:ShareCapital 2024-06-30 04297682 core:ShareCapital 2023-06-30 04297682 core:SharePremium 2024-06-30 04297682 core:SharePremium 2023-06-30 04297682 core:RetainedEarningsAccumulatedLosses 2024-06-30 04297682 core:RetainedEarningsAccumulatedLosses 2023-06-30 04297682 core:PatentsTrademarksLicencesConcessionsSimilar 2023-06-30 04297682 core:PatentsTrademarksLicencesConcessionsSimilar 2024-06-30 04297682 core:FurnitureFittings 2023-06-30 04297682 core:OfficeEquipment 2023-06-30 04297682 core:FurnitureFittings 2024-06-30 04297682 core:OfficeEquipment 2024-06-30 04297682 bus:OrdinaryShareClass1 2024-06-30 04297682 2023-07-01 2024-06-30 04297682 bus:FilletedAccounts 2023-07-01 2024-06-30 04297682 bus:SmallEntities 2023-07-01 2024-06-30 04297682 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04297682 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04297682 bus:Director1 2023-07-01 2024-06-30 04297682 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2023-07-01 2024-06-30 04297682 core:FurnitureFittings core:TopRangeValue 2023-07-01 2024-06-30 04297682 core:OfficeEquipment core:TopRangeValue 2023-07-01 2024-06-30 04297682 2022-07-01 2023-06-30 04297682 core:PatentsTrademarksLicencesConcessionsSimilar 2023-07-01 2024-06-30 04297682 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 04297682 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04297682 (England and Wales)

FUELSTRETCHER LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

FUELSTRETCHER LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

FUELSTRETCHER LIMITED

BALANCE SHEET

As at 30 June 2024
FUELSTRETCHER LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 4,113 0
4,113 0
Current assets
Stocks 3,060 3,060
Debtors 5 10,547 10,121
Cash at bank and in hand 219 0
13,826 13,181
Creditors: amounts falling due within one year 6 ( 124,976) ( 111,520)
Net current liabilities (111,150) (98,339)
Total assets less current liabilities (107,037) (98,339)
Creditors: amounts falling due after more than one year ( 450) ( 871)
Net liabilities ( 107,487) ( 99,210)
Capital and reserves
Called-up share capital 7 1,420 1,420
Share premium account 18,580 18,580
Profit and loss account ( 127,487 ) ( 119,210 )
Total shareholder's deficit ( 107,487) ( 99,210)

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

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Fuelstretcher Limited (registered number: 04297682) were approved and authorised for issue by the Director on 27 March 2025. They were signed on its behalf by:

Mr P J Jennings
Director
FUELSTRETCHER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
FUELSTRETCHER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Fuelstretcher Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom. The principal place of business is Plymouth Science Park, Derriford, Plymouth, PL6 8BX.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future. This depends on the continued financial support of the company's directors (and bankers).

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 3 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 01 July 2023 0 0
Additions 4,510 4,510
At 30 June 2024 4,510 4,510
Accumulated amortisation
At 01 July 2023 0 0
Charge for the financial year 397 397
At 30 June 2024 397 397
Net book value
At 30 June 2024 4,113 4,113
At 30 June 2023 0 0

4. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 July 2023 260 17,513 17,773
At 30 June 2024 260 17,513 17,773
Accumulated depreciation
At 01 July 2023 260 17,513 17,773
At 30 June 2024 260 17,513 17,773
Net book value
At 30 June 2024 0 0 0
At 30 June 2023 0 0 0

5. Debtors

2024 2023
£ £
Prepayments 74 0
VAT recoverable 500 855
Other debtors 9,973 9,266
10,547 10,121

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 18,678 25,452
Trade creditors 4,156 3,437
Amounts owed to director 82,008 62,315
Other loans 4,693 4,693
Accruals 13,608 13,558
Other creditors 1,833 2,065
124,976 111,520

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,420 Ordinary shares of £ 1.00 each 1,420 1,420