Company Registration No. SC748199 (Scotland)
WESTERN ECO FUELS LTD
Unaudited accounts
for the year ended 31 October 2024
WESTERN ECO FUELS LTD
Unaudited accounts
Contents
WESTERN ECO FUELS LTD
Company Information
for the year ended 31 October 2024
Company Number
SC748199 (Scotland)
Registered Office
28 SRAID AN EORNA
PORTREE
ISLE OF SKYE
IV51 9TU
SCOTLAND
Accountants
Scott Accountancy Services
119 Lanchester Avenue
Gateshead
Tyne & Wear
NE9 7AN
WESTERN ECO FUELS LTD
Statement of financial position
as at 31 October 2024
Intangible assets
7,500
7,500
Tangible assets
30,779
31,724
Cash at bank and in hand
22,473
17,211
Creditors: amounts falling due within one year
(9,996)
(6,673)
Net current assets
30,311
22,403
Total assets less current liabilities
68,590
61,627
Creditors: amounts falling due after more than one year
(28,304)
(43,102)
Called up share capital
1
1
Profit and loss account
40,285
18,524
Shareholders' funds
40,286
18,525
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 July 2025 and were signed on its behalf by
K MacDonald
Director
Company Registration No. SC748199
WESTERN ECO FUELS LTD
Notes to the Accounts
for the year ended 31 October 2024
WESTERN ECO FUELS LTD is a private company, limited by shares, registered in Scotland, registration number SC748199. The registered office is 28 SRAID AN EORNA, PORTREE, ISLE OF SKYE, IV51 9TU, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33.33% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
WESTERN ECO FUELS LTD
Notes to the Accounts
for the year ended 31 October 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2023
7,500
29,810
2,500
1,299
41,109
Additions
7,500
-
-
-
7,500
At 31 October 2024
15,000
29,810
2,500
1,299
48,609
At 1 November 2023
1,125
7,452
375
433
9,385
Charge for the year
2,081
5,613
318
433
8,445
At 31 October 2024
3,206
13,065
693
866
17,830
At 31 October 2024
11,794
16,745
1,807
433
30,779
At 31 October 2023
6,375
22,358
2,125
866
31,724
Amounts falling due within one year
Accrued income and prepayments
442
442
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,800
4,800
Taxes and social security
5,196
831
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
20,013
30,409
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).