Registered number
06313084
Falcon Service Stations Limited
Filleted Accounts
31 August 2024
Falcon Service Stations Limited
Registered number: 06313084
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 93,490 106,658
Current assets
Stocks 110,738 164,738
Debtors 5 2,944,051 3,007,617
Cash at bank and in hand 3,090,371 2,351,960
6,145,160 5,524,315
Creditors: amounts falling due within one year 6 (1,097,970) (868,795)
Net current assets 5,047,190 4,655,520
Total assets less current liabilities 5,140,680 4,762,178
Provisions for liabilities (22,135) (22,135)
Net assets 5,118,545 4,740,043
Capital and reserves
Called up share capital 200 200
Profit and loss account 5,118,345 4,739,843
Shareholders' funds 5,118,545 4,740,043
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs M Iqbal
Director
Approved by the board on 27 May 2025
Falcon Service Stations Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Going Concern
The company has been profitable in the current and prior year and continues to be so.The Company's forecast and projections,taking account of reasonably possible changesin trading performance, show that the company should be able to operate wuthin the level of its current facalities.The directors have considered cash flow forecasts and funding requirements of the business for the foreseeable future in assessing the going concern assertion.

The directors consider that preparing the financial statements on the going concern basis is appropriate basis. on their enquiries.Having taken account of the ongoing funding requirements of the business and the facalities available to the company, the directors consider that the company has the ability to fulfill its commitments
for at least 12 months from the date the financial statements are signed. Therefore,the directors consider that the company has reasonable expectation that it can meet all of its liabilities as they fall due for the foreseeable future from the date of the approval of the financial statements.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 17
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 259,886
Additions 3,330
At 31 August 2024 263,216
Depreciation
At 1 September 2023 153,228
Charge for the year 16,498
At 31 August 2024 169,726
Net book value
At 31 August 2024 93,490
At 31 August 2023 106,658
5 Debtors 2024 2023
£ £
Trade debtors 166,022 100,439
Amounts due from associated companies 1,977,553 1,736,000
Other debtors 800,476 1,171,178
2,944,051 3,007,617
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 56,743 70,312
Trade creditors 463,009 366,873
Taxation and social security costs 199,885 406,529
Other creditors 378,333 25,081
1,097,970 868,795
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
[Loan 1] 713,252 53,455 (90,000) 676,707
[Loan 2] (4,275) 29,797 (367,800) (342,278)
708,977 83,252 (457,800) 334,429
8 Other information
Falcon Service Stations Limited is a private company limited by shares and incorporated in England. Its registered office is:
197 Warwick Road
Solihull
West Midlands
B92 7AW
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