REGISTERED NUMBER: 12073413 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

AR Fuels Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S E Harriman

N E M Jones

C B M Jones

REGISTERED OFFICE:

1 Mount Pleasant Way

Stokesley

Middlesbrough

TS9 5NZ

REGISTERED NUMBER:

12073413 (England and Wales)

AUDITORS:

Anderson Barrowcliff Limited

Statutory Auditors

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

365,347

328,457

CURRENT ASSETS

Stocks

31,744

18,082

Debtors

5

786,970

959,129

Cash at bank and in hand

1,089,769

1,132,291

1,908,483

2,109,502

CREDITORS

Amounts falling due within one year

6

1,356,437

1,659,001

NET CURRENT ASSETS

552,046

450,501

TOTAL ASSETS LESS CURRENT LIABILITIES

917,393

778,958

CREDITORS

Amounts falling due after more than one year

7

(195,673

)

(188,969

)

PROVISIONS FOR LIABILITIES

(91,000

)

(82,000

)

NET ASSETS

630,720

507,989

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

630,719

507,988

SHAREHOLDERS' FUNDS

630,720

507,989

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 4 September 2025 and were signed on its behalf by:

N E M Jones - Director

1.	STATUTORY INFORMATION

AR Fuels Ltd 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

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

-

33% on cost

Motor vehicles

-

50% on cost and 20% on cost

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.

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their estimated useful lives.

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

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

5,250

564,572

569,822

Additions

-

168,160

168,160

Disposals

-

(22,000

)

(22,000

)

At 31 December 2024

5,250

710,732

715,982

DEPRECIATION

At 1 January 2024

5,250

236,115

241,365

Charge for year

-

131,270

131,270

Eliminated on disposal

-

(22,000

)

(22,000

)

At 31 December 2024

5,250

345,385

350,635

NET BOOK VALUE

At 31 December 2024

-

365,347

365,347

At 31 December 2023

-

328,457

328,457

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

489,072

Additions

167,938

At 31 December 2024

657,010

DEPRECIATION

At 1 January 2024

171,814

Charge for year

128,470

At 31 December 2024

300,284

NET BOOK VALUE

At 31 December 2024

356,726

At 31 December 2023

317,258

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

739,664

776,929

Amounts owed by group undertakings

-

675

Other debtors

-

133,722

Amounts owed by related

parties

1,513

374

VAT

32,388

35,355

Prepayments

13,405

12,074

786,970

959,129

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

106,060

77,849

Trade creditors

739,251

1,004,288

Amounts owed to group undertakings

381,950

436,240

Social security and other taxes

7,823

9,366

Other creditors

22,610

41,504

Amounts owed to related

parties

1,077

304

Accrued expenses

97,666

89,450

1,356,437

1,659,001

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

195,673

188,969

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

301,733

266,818

The hire purchase contracts are secured over the assets to which they relate.

The company has a debenture with the bank dated 05 May 2020. The debenture is unlimited and incorporates a fixed and floating charge over the company's assets.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Helen Wilson FCA (Senior Statutory Auditor)

for and on behalf of Anderson Barrowcliff Limited

11.	PENSION COMMITMENTS

The Company operates a defined contribution scheme. The charge for the period amounted to £6,696 (2023: £6,012). The amount outstanding at 31 December 2024 was £1,800 (2023: £1,618).

12.	CONTINGENT LIABILITIES

The company has formally charged to the bank an unlimited inter-company guarantee for its parent Armstrong Richardson & Co Limited and fellow subsidiary Millbry Hill Limited.

13.	CAPITAL COMMITMENTS

2024

2023

£

£

Contracted but not provided for in the

financial statements

-

134,000

14.	RELATED PARTY DISCLOSURES

Sales

Management charges

Recharge of expenses

Outstanding balances due to/(by) the company

£

£

£

Entities with control over the company

At 31 December 2024

140,728

84,000

21,888

(380,437

)

At 31 December 2023

137,483

24,000

6,904

(435,565

)

Related parties

At 31 December 2024

58,065

-

3,830

(1,077

)

At 31 December 2023

13,329

-

5,612

70

Related party trading outstanding balances are unsecured and have been incurred under normal commercial terms.

15.	ULTIMATE CONTROLLING PARTY

The company is under the control of Armstrong Richardson & Co Limited which owns 100% of the issued share capital. The parent is registered in England and Wales and the registered office is the same as that of the company.