Registered number
09532518
Fitzwilliam Service Station Ltd
Filleted Accounts
31 January 2025
Fitzwilliam Service Station Ltd
Registered number: 09532518
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 898,863 681,021
Current assets
Stocks 108,525 91,949
Debtors 4 383,943 252,153
Cash at bank and in hand 128,128 595,370
620,596 939,472
Creditors: amounts falling due within one year 5 (81,236) (209,377)
Net current assets 539,360 730,095
Total assets less current liabilities 1,438,223 1,411,116
Creditors: amounts falling due after more than one year 6 (494,194) (568,684)
Net assets 944,029 842,432
Capital and reserves
Called up share capital 200 200
Profit and loss account 943,829 842,232
Shareholders' funds 944,029 842,432
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.
G Patel
Director
Approved by the board on 24 March 2025
Fitzwilliam Service Station Ltd
Notes to the Accounts
for the year ended 31 January 2025
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:
Freehold buildings over 50 years
Plant and machinery 20% 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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 7 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 632,019 410,836 23,835 1,066,690
Additions - 325,195 - 325,195
At 31 January 2025 632,019 736,031 23,835 1,391,885
Depreciation
At 1 February 2024 94,599 286,303 4,767 385,669
Charge for the year 12,640 89,946 4,767 107,353
At 31 January 2025 107,239 376,249 9,534 493,022
Net book value
At 31 January 2025 524,780 359,782 14,301 898,863
At 31 January 2024 537,420 124,533 19,068 681,021
4 Debtors 2025 2024
£ £
Trade debtors 51,825 34,056
Other debtors 332,118 218,097
383,943 252,153
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 67,580 100,888
Taxation and social security costs 2,767 99,464
Other creditors 10,889 9,025
81,236 209,377
£30,532 (2024: £32,534) of Trade creditors owed to Shell UK Oil Products Limited are secured against the company's assets.
6 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 494,194 568,684
7 Related party transactions
Other creditors falling due after one year includes interest free amounts owed to related companies totalling £358,898 (2024 £355,899)

Within other debtors are interest free loans to related companies of £17,466 (2024 £17,466)

The directors and shareholders of Fitzwilliam Service Station Ltd are also directors and shareholders in these related companies.
8 Controlling party
The company was under the control of the directors.
9 Other information
Fitzwilliam Service Station Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Fieldhead Street
Fieldhead Business Centre
Bradford
West Yorkshire
BD7 1LW
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