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Registered Number: 11645892
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 October 2024

for

THE FUEL BOAT LTD

Directors Edward John Blakey
Karen Blakey
Registered Number 11645892
Registered Office 423 The Manor
Billing Garden Village
Northampton
Northamptonshire
NN3 9EX
Accountants Berry Kearsley Stockwell Ltd
Sterling House, 31-32 High Street, Wellingborough, Northants, NN8 4HL, United Kingdom
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets
Tangible fixed assets 2 7,147    9,530 
7,147    9,530 
Current assets
Inventories 3 2,800    3,500 
Debtors 4 601    695 
Cash at bank and in hand   2,404 
3,401    6,599 
Creditors: amount falling due within one year 5 (49,166)   (41,610)
Net current assets/(liabilities) (45,765)   (35,011)
 
Total assets less current liabilities (38,618)   (25,481)
Creditors: amount falling due after more than one year 6 (4,460)   (8,444)
Provisions for liabilities 7 (1,358)   (1,811)
Net assets/(liabilities) (44,436)   (35,736)
 

Capital and reserves
Called up share capital 2    2 
Profit and loss account (44,438)   (35,738)
Shareholders fund (44,436)   (35,736)
 
For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. 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.
These accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors have elected not to include the profit and loss account within the financial statements.
Signed on behalf of the board of directors:


----------------------------------
Edward John Blakey
Director

Date approved: 17 July 2025
3
Statutory Information
THE FUEL BOAT LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 11645892, registration address 423 The Manor, Billing Garden Village, Northampton, Northamptonshire, NN3 9EX, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles25% Reducing Balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2.

Tangible fixed assets

Cost or Valuation   Motor Vehicles   Total
    £   £
At 01 November 2023   31,495    31,495 
Additions    
At 31 October 2024   31,495    31,495 
Depreciation
At 01 November 2023   21,965    21,965 
Charge for year   2,383    2,383 
At 31 October 2024   24,348    24,348 
Net book values
Closing balance as at 31 October 2024   7,147    7,147 
Opening balance as at 01 November 2023   9,530    9,530 

3.

Inventories

2024
£
  2023
£
Stocks 2,800    3,500 
2,800    3,500 
4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other debtors less than one year 601    695 
601    695 
5.

Creditors: amount falling due within one year

2024
£
  2023
£
Bank loans & overdrafts 5,135    5,135 
Business Current Account 488   
Other creditors less than one year 43,543    36,475 
49,166    41,610 
6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank loans & overdrafts 4,460    8,444 
4,460    8,444 
7.

Provisions for liabilities

2024
£
  2023
£
Deferred tax 1,358    1,811 
1,358    1,811 
8.

Share Capital

Allotted
2024
£
  2023
£
2 Ordinary Shares shares of £1.00 each  
 

9.

Average number of employees

Average number of employees during the year were 2 (2023: 2).
10.

Controlling Party

The company is controlled by Mr Ed Blakey and Ms Karen Butt.
4