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REGISTERED NUMBER: 04159558 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Octane Distribution Limited

Octane Distribution Limited (Registered number: 04159558)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Octane Distribution Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R D Fearn
P R Gerring
J O Nicholson





REGISTERED OFFICE: Unit 4
Vantage Park
Goodwood Drive
Sparkford
Somerset
BA22 7FQ





REGISTERED NUMBER: 04159558 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Chartered Accountants
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Octane Distribution Limited (Registered number: 04159558)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 209,536 169,516

CURRENT ASSETS
Stocks 380,071 438,576
Debtors 5 36,060 197,160
Cash at bank and in hand 40,630 77,522
456,761 713,258
CREDITORS
Amounts falling due within one year 6 338,073 519,652
NET CURRENT ASSETS 118,688 193,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,224

363,122

CREDITORS
Amounts falling due after more than one
year

7

(178,801

)

(26,544

)

PROVISIONS FOR LIABILITIES (20,126 ) (25,572 )
NET ASSETS 129,297 311,006

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 4,990 4,990
Capital redemption reserve 10 10
Retained earnings 124,197 305,906
SHAREHOLDERS' FUNDS 129,297 311,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:




R D Fearn - Director


Octane Distribution Limited (Registered number: 04159558)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Octane Distribution Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10-33% straight line method
Motor vehicles - 10-33% straight line method
Computer equipment - 10-33% straight line method

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Octane Distribution Limited (Registered number: 04159558)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 128,063 139,128 127,795 394,986
Additions 16,333 84,948 4,516 105,797
Disposals - (42,422 ) - (42,422 )
At 31 December 2024 144,396 181,654 132,311 458,361
DEPRECIATION
At 1 January 2024 49,758 65,919 109,793 225,470
Charge for year 19,634 22,916 15,151 57,701
Eliminated on disposal - (34,346 ) - (34,346 )
At 31 December 2024 69,392 54,489 124,944 248,825
NET BOOK VALUE
At 31 December 2024 75,004 127,165 7,367 209,536
At 31 December 2023 78,305 73,209 18,002 169,516

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 72,958 32,105 105,063
Additions 49,948 - 49,948
Transfer to ownership - (32,105 ) (32,105 )
At 31 December 2024 122,906 - 122,906
DEPRECIATION
At 1 January 2024 11,815 24,971 36,786
Charge for year 17,188 - 17,188
Transfer to ownership - (24,971 ) (24,971 )
At 31 December 2024 29,003 - 29,003
NET BOOK VALUE
At 31 December 2024 93,903 - 93,903
At 31 December 2023 61,143 7,134 68,277

Octane Distribution Limited (Registered number: 04159558)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,894 157,410
Directors' current accounts - 3,738
Tax - 28,848
VAT - 7,164
Prepayments 166 -
36,060 197,160

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 48,486 -
Debts factored without recours 513 94,429
Hire purchase contracts 39,228 35,603
Trade creditors 168,500 361,038
Social security and other taxes 33,482 10,837
VAT 9,425 -
Directors' current accounts 32,544 12,130
Accrued expenses 5,895 5,615
338,073 519,652

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 149,252 -
Hire purchase contracts 29,549 26,544
178,801 26,544

8. SECURED DEBTS

Lloyds Bank Commercial Finance Limited provide debt factoring in the form of an invoice discounting service.

Lloyds Bank Commercial Finance Limited hold an all asset debenture for any advance made by them to the company.