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Registration number: 09441073

Fuel Oils Enterprises Limited

Annual Report and Consolidated Financial Statements

for the Year Ended 30 September 2024

 

Fuel Oils Enterprises Limited

Contents

Company Information

1

Strategic Report

2

Directors' Report

3 to 4

Statement of Directors' Responsibilities

5

Independent Auditor's Report

6 to 8

Consolidated Profit and Loss Account

9

Consolidated Statement of Comprehensive Income

10

Consolidated Balance Sheet

11

Balance Sheet

12

Consolidated Statement of Cash Flows

13

Notes to the Financial Statements

14 to 23

 

Fuel Oils Enterprises Limited

Company Information

Directors

Stuart Durell

Sarah Evans

Mrs Barbara Durell

Registered office

3-4 Burnet Road
Darent Industrial Estate
Erith
Dartford
DA8 2JZ

Auditors

Brooks Green
Registered AuditorsAbbey House
342 Regents Park Road
London
N3 2LJ

 

Fuel Oils Enterprises Limited

Strategic Report for the Year Ended 30 September 2024

The directors present their strategic report for the year ended 30 September 2024.

Principal activity

The principal activity of the group is the parent company of a group trading in the supply of fuel oils.

Fair review of the business

Turnover has fallen again however margins have been maintained. Some of the fall in turnover can be atributed to the overall fall in oil prices. The directors constantly monitor the gross profit margin.
The directors are actively trying to increase commercial sales.

During the year one of the trading sites held within Durell Holdings Limited was sold,

Principal risks and uncertainties

The oil price remains the greatest uncertainty in the market but the directors are confidentthat their business policies will continue to ensure that this does not have a detrimental effect on the business. A large part of turnover is elated to the supply of domestic andcommercialheating oil. Because of this there is always uncertainty as to ho weather will affect demand. The directors make every effort to maintianmargings even with fluctuating demand.

Impact of Brexit related risks

Brexit has not changed the overall risks.

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 

.........................................
Stuart Durell
Director

.........................................
Sarah Evans
Director

 

Fuel Oils Enterprises Limited

Directors' Report for the Year Ended 30 September 2024

The directors present their report and the for the year ended 30 September 2024.

Directors of the group

The directors who held office during the year were as follows:

Stuart Durell

Sarah Evans

Mr Royston Thomas Durell (ceased 9 November 2023)

Mrs Barbara Durell

Dividends

The directors recommend a final dividend payment of £Nil be made in respect of the financial year ended 30 September 2024. This dividend has not been recognised as a liability in the financial statements.

Financial instruments

Objectives and policies

The aim is to ensure that the group companies manage cashflow to ensure liabilities can be met and that the companies can trade effectively.
The accounts are presented in sterling no roundings were used.

Price risk, credit risk, liquidity risk and cash flow risk

Variation in oil price are the greatest risk the directors have to oversee that bulk purchases are most opotune time and price. All purchases and sales are made in sterling so there is very little foriegn exchage risk. The group has a very strong cash flow position because of this there is a low risk of negative interest rate changes. Risk of theft is minimalised by very strong processes. There are inherant risks in storing and moving oil however strong process are in place to minimalise risk whever possible.

Disclosure of information to the auditor

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

Reappointment of auditors

In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of Brooks Green as auditors of the company is to be proposed at the forthcoming Annual General Meeting.

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 

 

Fuel Oils Enterprises Limited

Directors' Report for the Year Ended 30 September 2024

.........................................
Stuart Durell
Director

.........................................
Sarah Evans
Director

 

Fuel Oils Enterprises Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Fuel Oils Enterprises Limited

Independent Auditor's Report to the Members of Fuel Oils Enterprises Limited

Opinion

We have audited the financial statements of Fuel Oils Enterprises Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024, which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the group's and the parent company's affairs as at 30 September 2024 and of the group's profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

 

Fuel Oils Enterprises Limited

Independent Auditor's Report to the Members of Fuel Oils Enterprises Limited

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

the parent company financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 5], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Resposibility for teh prevention and detection of irregularities, including fraud lies with the company directors. We planned and conducted the audit to detect material irregularities including fraud , but the audit cannot be considered a comprhensive assignment of such irregularities.
Having said that no such irregulariies were found we were also confident that all relevant laws and regulations were fully understood and complied with.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

 

Fuel Oils Enterprises Limited

Independent Auditor's Report to the Members of Fuel Oils Enterprises Limited

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Rowland Aarons (Senior Statutory Auditor)
For and on behalf of Brooks Green, Statutory Auditor
 Abbey House
342 Regents Park Road
London
N3 2LJ

25 June 2025

 

Fuel Oils Enterprises Limited

Consolidated Profit and Loss Account for the Year Ended 30 September 2024

Note

2024
£

Turnover

3

58,881,082

Cost of sales

 

(54,654,575)

Gross profit

 

4,226,507

Administrative expenses

 

8,482,953

Operating profit

5

12,709,460

Other interest receivable and similar income

6

75

Profit before tax

 

12,709,535

Tax on profit

10

(2,773,322)

Profit for the financial year

 

9,936,213

Profit/(loss) attributable to:

 

Owners of the company

 

9,936,213

The above results were derived from continuing operations.

 

Fuel Oils Enterprises Limited

Consolidated Statement of Comprehensive Income for the Year Ended 30 September 2024

2024
£

Profit for the year

9,936,213

Deficit on property, plant and equipment revaluation

(2,124,389)

Total comprehensive income for the year

7,811,824

Total comprehensive income attributable to:

Owners of the company

(1,328,559)

 

Fuel Oils Enterprises Limited

(Registration number: 09441073)
Consolidated Balance Sheet as at 30 September 2024

Note

2024
£

Fixed assets

 

Tangible assets

11

5,725,131

Investments

12

670,520

 

6,395,651

Current assets

 

Stocks

13

1,273,267

Debtors

14

17,040,505

Cash at bank and in hand

 

7,352,995

 

25,666,767

Creditors: Amounts falling due within one year

16

(10,736,279)

Net current assets

 

14,930,488

Net assets

 

21,326,139

Capital and reserves

 

Called up share capital

18

1,536,132

Revaluation reserve

(2,124,389)

Other reserves

(9,140,383)

Retained earnings

21,914,395

Equity attributable to owners of the company

 

12,185,755

minority interests

 

9,140,383

Shareholders' funds

 

21,326,138

Statement of financial position is out of balance

 

1

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 

.........................................
Stuart Durell
Director

.........................................
Sarah Evans
Director

 

Fuel Oils Enterprises Limited

(Registration number: 09441073)
Balance Sheet as at 30 September 2024

Note

2024
£

Fixed assets

 

Investments

12

8,421,696

Current assets

 

Debtors

14

1

Creditors: Amounts falling due within one year

16

(7,751,176)

Net current liabilities

 

(7,751,175)

Net assets

 

670,521

Capital and reserves

 

Called up share capital

18

1

Retained earnings

670,520

Shareholders' funds

 

670,521

The company made a loss after tax for the financial year of £- ( - loss of £-).

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 

.........................................
Stuart Durell
Director

.........................................
Sarah Evans
Director

 

Fuel Oils Enterprises Limited

Consolidated Statement of Cash Flows for the Year Ended 30 September 2024

Note

2024
£

Cash flows from operating activities

Profit for the year

 

9,936,213

Adjustments to cash flows from non-cash items

 

Depreciation and amortisation

5

550,027

Profit on disposal of tangible assets

4

(13,415,989)

Finance income

6

(75)

Income tax expense

10

2,773,322

 

(156,502)

Working capital adjustments

 

Increase in stocks

13

(1,273,267)

Increase in trade debtors

14

(16,966,743)

Increase in trade creditors

16

7,962,957

Cash generated from operations

 

(10,433,555)

Income taxes paid

10

(73,762)

Net cash flow from operating activities

 

(10,507,317)

Cash flows from investing activities

 

Interest received

75

Acquisitions of tangible assets

(1,769,998)

Proceeds from sale of tangible assets

 

14,049,000

Net cash flows from investing activities

 

12,279,077

Net increase in cash and cash equivalents

 

1,771,760

Cash and cash equivalents at 1 October

 

5,581,235

Cash and cash equivalents at 30 September

 

7,352,995

 

Fuel Oils Enterprises Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3-4 Burnet Road
Darent Industrial Estate
Erith
Dartford
DA8 2JZ

These financial statements were authorised for issue by the Board on 25 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 30 September 2024.

 

Fuel Oils Enterprises Limited

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

A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.

The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.

Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.

Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.

Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.

Revenue recognition

turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the group’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The group recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the group's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the group operates and generates taxable income.

Tangible assets

tangible assets is stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Fuel Oils Enterprises Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Fuel Oils Enterprises Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Turnover

The analysis of the group's turnover for the year from continuing operations is as follows:

2024
£

Sale of goods

58,347,073

Rental income from investment property

433,979

Interest received

100,030

58,881,082

4

Other gains and losses

The analysis of the group's other gains and losses for the year is as follows:

2024
£

Gain on disposal of tangible assets

13,415,989

5

Operating profit

Arrived at after charging/(crediting)

 

Fuel Oils Enterprises Limited

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

2024
£

Depreciation expense

550,027

Profit on disposal of property, plant and equipment

(13,415,989)

6

Other interest receivable and similar income

2024
£

Interest income on investments

75

7

Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

2024
£

Wages and salaries

2,261,517

Pension costs, defined contribution scheme

46,447

Redundancy costs

7,500

Other employee expense

204,548

2,520,012

The average number of persons employed by the company (including directors) during the year, was 0.

8

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

Remuneration

260,912

Compensation for loss of office

29,505

290,417

9

Auditors' remuneration

2024
£

Audit of these financial statements

33,549


 

10

Taxation

Tax charged/(credited) in the consolidated profit and loss account

 

Fuel Oils Enterprises Limited

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

2024
£

Current taxation

UK corporation tax

2,773,322

11

Tangible assets

Group

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

5,602,756

5,171,582

1,199,761

11,974,099

Additions

-

1,639,716

130,282

1,769,998

Disposals

(2,739,029)

(935,383)

-

(3,674,412)

At 30 September 2024

2,863,727

5,875,915

1,330,043

10,069,685

Depreciation

At 1 October 2023

-

3,736,222

975,317

4,711,539

Charge for the year

-

508,771

41,256

550,027

Eliminated on disposal

-

(917,012)

-

(917,012)

At 30 September 2024

-

3,327,981

1,016,573

4,344,554

Carrying amount

At 30 September 2024

2,863,727

2,547,934

313,470

5,725,131

Included within the net book value of land and buildings above is £2,863,727 in respect of freehold land and buildings.
 

12

Investments

Group

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the group holds 20% or more of the nominal value of any class of share capital are as follows:

 

Fuel Oils Enterprises Limited

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

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

Subsidiary undertakings

Durell Holdings Limited

3-4 Burnet road
Darent Industrial Estate
Erith Dartford
DA8 2JZ

Ordinary

100%

England

Fuel Oils (Holdings Limited

3-4 Burnet Road
Darent Industrial Estate
Erith
Dartford
DA8 2JZ

Ordinary

100%

England

Chapter Oils Limited

3-4 Burnet Road
Darent Industrial Estate
Erith
Dartford
DA8 2JZ

Ordinary

100%

England

Fuel Oils Limited

3-4 Burnet Road
Darent Industrial Estate
Erith
Dartford
DA8 2JZ

Ordinary

100%

England

Company

Subsidiaries

£

Cost or valuation

Additions

7,751,176

Provision

Carrying amount

At 30 September 2024

7,751,176

Associates

£

Cost

At 1 October 2023

670,520

Provision

Carrying amount

At 30 September 2024

670,520

 

Fuel Oils Enterprises Limited

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

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

Subsidiary undertakings

Fuel Oils (Holdings) Limited

3-4 Burnett Road
Darent Industrial Park
Dartford
DA8 2LG

England

Ordinary A

57.14%

Durell Holdings Limited

3-4 Burnett Road
Darent Industrial Park
Dartford
DA8 2LG

England

Ordinary A

57.14%

Subsidiary undertakings

Fuel Oils (Holdings) Limited

The principal activity of Fuel Oils (Holdings) Limited is suppliers of fuel oils .

Durell Holdings Limited

The principal activity of Durell Holdings Limited is property rental.

13

Stocks

 

Group

Company

2024
£

2024
£

Other inventories

1,273,267

-

Group

14

Debtors

 

Fuel Oils Enterprises Limited

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

   

Group

Company

Current

Note

2024
£

2024
£

Trade debtors

 

5,726,999

-

Amounts owed by related parties

3,320,732

-

Other debtors

 

7,805,509

1

Prepayments

 

113,503

-

Income tax asset

10

73,762

-

   

17,040,505

1

15

Cash and cash equivalents

 

Group

Company

2024
£

2024
£

Cash at bank

7,352,995

-

16

Creditors

   

Group

Company

Note

2024
£

2024
£

Due within one year

 

Trade creditors

 

4,552,581

-

Amounts due to related parties

3,320,732

-

Social security and other taxes

 

59,092

-

Other payables

 

24,052

7,751,176

Accruals

 

6,500

-

Corporation tax

10

2,773,322

-

 

10,736,279

7,751,176

 

Fuel Oils Enterprises Limited

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

17

Pension and other schemes

Defined contribution pension scheme

The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £46,447.

18

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

1

1

   

19

Dividends

The directors are recommending a final dividend of £Nil per share totalling £Nil. This dividend has not been accrued in the balance sheet.