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REGISTERED NUMBER: SC777533 (Scotland)















Unaudited Financial Statements

for the Period 31 July 2023 to 31 July 2024

for

SB Fuels Ltd

SB Fuels Ltd (Registered number: SC777533)






Contents of the Financial Statements
for the Period 31 July 2023 to 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SB Fuels Ltd

Company Information
for the Period 31 July 2023 to 31 July 2024







DIRECTORS: Mr S I Black
Mrs M A Black





REGISTERED OFFICE: Nethermuir
Westfield Road
Bathgate
EH48 4LF





REGISTERED NUMBER: SC777533 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

SB Fuels Ltd (Registered number: SC777533)

Statement of Financial Position
31 July 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 994

CURRENT ASSETS
Debtors 5 8,384
Cash at bank 49,080
57,464
CREDITORS
Amounts falling due within one year 6 188,951
NET CURRENT LIABILITIES (131,487 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(130,493

)

PROVISIONS FOR LIABILITIES 248
NET LIABILITIES (130,741 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (130,743 )
(130,741 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





Mrs M A Black - Director


SB Fuels Ltd (Registered number: SC777533)

Notes to the Financial Statements
for the Period 31 July 2023 to 31 July 2024

1. STATUTORY INFORMATION

SB Fuels Ltd is a private company, limited by shares , registered in Scotland. 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.

Going Concern
The directors acknowledge the net current liability position at the period end. The directors anticipate that the company will be able to trade out of this and turn the net liability into a net asset position. In the mean time, the directors have confirmed their ability and willingness to support the company in meeting it's day-to-day obligations as they fall due for the foreseeable future.

Therefore, the directors consider it appropriate to prepare the financial statements on a going concern basis.

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.
Computer equipments - 25% on cost

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 .

SB Fuels Ltd (Registered number: SC777533)

Notes to the Financial Statements - continued
for the Period 31 July 2023 to 31 July 2024

4. TANGIBLE FIXED ASSETS
Computer
equipments
£   
COST
Additions 1,150
At 31 July 2024 1,150
DEPRECIATION
Charge for period 156
At 31 July 2024 156
NET BOOK VALUE
At 31 July 2024 994

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 8,079
Other debtors 305
8,384

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 9,039
VAT 362
Other creditors 177,198
Directors' current accounts 179
Accrued expenses 2,173
188,951

7. RELATED PARTY DISCLOSURES

Included within other creditors is a balance of £170,898, this amount is due to Blacks Haulage Solutions Ltd (SC233251). This is a company in which one director of SB Fuels Ltd is also a director of, and the second director is also a director and the sole shareholder of.

Also included within other creditors is a balance of £6,300, this amount is due to JANDS Feeds Manufacturing Ltd (SC347149). This is a company in which both directors of SB Fuels Ltd are also the directors, and equal shareholders of.

Both loans are repayable on demand with no other terms attached.