ACCOUNTS - Final Accounts

Company Registration Number 02712437

	ALLIED FUELS LIMITED

	UNAUDITED FINANCIAL STATEMENTS

	31 DECEMBER 2024

ALLIED FUELS LIMITED

REGISTERED NUMBER: 02712437

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	143,871		139,559
Cash at bank and in hand		40,506		35,383
		184,377		174,942
Creditors: amounts falling due within one year	5	(149,190)		(145,095)
Net current assets			35,187		29,847
Total assets less current liabilities			35,187		29,847

Net assets			35,187		29,847

Capital and reserves
Called up share capital	6	8,000	8,000
Profit and loss account	7	27,187	21,847
		35,187	29,847

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

M Exelby

Director

Date: 30 September 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

ALLIED FUELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The company is a private company limited by share capital incorporated in the United Kingdom.
The address of the registered office is:
Coneygarth House, Leases Lane, Leeming Bar, Northallerton, North Yorkshire, DL7 9FE.
The principal activity of the company is the provision of a fuel card to access fuel bunkering services.
The financial statements are presented in pounds sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue to receive the support from its shareholders and directors.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

ALLIED FUELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Debtors

					2024	2023
					£	£


Trade debtors	141,484	130,705
Other debtors	2,387	8,854
	143,871	139,559

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	145,537	144,979
Corporation tax	543	-
Other creditors	3,110	116
	149,190	145,095

6.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

8,000 (2023 - 8,000) Ordinary shares of £1.00 each	8,000	8,000

Page 3

ALLIED FUELS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Reserves

Profit and loss account

Movement in the reserve relates to profit for the year ended 31 December 2024.

8.	Related party transactions
	At the year end the company was owed £0 (2023: £0) by Exelby Services Limited and this is included in trade debtors. At the year end the company owed £0 (2023: £0) to Exelby Services Limited and this is included in trade creditors.

Page 4