Exe Valley Fuels Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 05164526

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		18,660		24,880
Tangible Assets	5		18,660		21,472

			37,320		46,352
CURRENT ASSETS
Stocks	6	35,302		53,359
Debtors	7	17,365		21,299
Cash at bank and in hand		146,942		111,034

		199,609		185,692
Creditors: Amounts Falling Due Within One Year	8	(171,165 )		(171,949 )

NET CURRENT ASSETS (LIABILITIES)			28,444		13,743

TOTAL ASSETS LESS CURRENT LIABILITIES			65,764		60,095

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,545 )		(4,080 )

NET ASSETS			62,219		56,015

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			62,119		55,915

SHAREHOLDERS' FUNDS			62,219		56,015

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Exe Valley Fuels Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Steven Hext Director	Mrs Lisa Cunningham Director
29 September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Exe Valley Fuels Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05164526 . The registered office is 138 High Street, Crediton, Devon, EX17 3DX. The principal place of business is Poltimore Barton, Poltimore, Exeter, EX4 0BQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Motor Vehicles	20% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	33% Straight Line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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Exe Valley Fuels Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

2.10. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	62,200

As at 31 March 2025	62,200

Amortisation
As at 1 April 2024	37,320
Provided during the period	6,220

As at 31 March 2025	43,540

Net Book Value
As at 31 March 2025	18,660

As at 1 April 2024	24,880

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Exe Valley Fuels Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	29,968	31,195	411	1,158	62,732
Additions	2,233	-	-	-	2,233

As at 31 March 2025	32,201	31,195	411	1,158	64,965

Depreciation
As at 1 April 2024	19,895	20,400	201	764	41,260
Provided during the period	2,462	2,159	42	382	5,045

As at 31 March 2025	22,357	22,559	243	1,146	46,305

Net Book Value
As at 31 March 2025	9,844	8,636	168	12	18,660

As at 1 April 2024	10,073	10,795	210	394	21,472

6. Stocks

	2025	2024
	£	£
Stock-Materials	35,302	53,359

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	7,581	12,426
Prepayments and accrued income	5,312	4,499
VAT	4,472	4,374

	17,365	21,299

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	8,858
Corporation tax	5,931	3,889
Other taxes and social security	69	13
Net wages	2,051	2,094
Other creditors	198	198
Accruals and deferred income	1,735	1,505
Directors' loan accounts	161,181	155,392

	171,165	171,949

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Exe Valley Fuels Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Related Party Transactions

At the year end, 31 March 2025, the company owed the director £161,181 (2024: £155,392) in respect of loans held with the company. These amounts are interest free and repayable on demand.

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