REGISTERED NUMBER: 06289511 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Birmingham Fuel Oils Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D F Cattermole

Mr D G J Parkes

SECRETARY:

Mr D G J Parkes

REGISTERED OFFICE:

56 Birch Road Industrial Estate

Birch Road East Witton

Birmingham

West Midlands

B6 7DB

REGISTERED NUMBER:

06289511 (England and Wales)

AUDITORS:

Edwards & Co (Codsall) Limited

Chartered Certified Accountants

and Statutory Auditors

Willow House

Kingswood Business Park

Holyhead Road

South Staffs

WV7 3AU

FIXED ASSETS

Tangible assets

4

703,026

679,152

CURRENT ASSETS

Stocks

70,022

73,906

Debtors

5

1,285,693

1,021,999

Cash at bank and in hand

1,185,523

1,140,134

2,541,238

2,236,039

CREDITORS

Amounts falling due within one year

6

924,484

858,984

NET CURRENT ASSETS

1,616,754

1,377,055

TOTAL ASSETS LESS CURRENT LIABILITIES

2,319,780

2,056,207

CREDITORS

Amounts falling due after more than one year

7

(74,620

)

-

PROVISIONS FOR LIABILITIES

9

(150,435

)

(143,854

)

NET ASSETS

2,094,725

1,912,353

CAPITAL AND RESERVES

Called up share capital

10

999

999

Retained earnings

2,093,726

1,911,354

SHAREHOLDERS' FUNDS

2,094,725

1,912,353

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mr D F Cattermole - Director

1.	STATUTORY INFORMATION

Birmingham Fuel Oils 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.

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.

All monetary amounts are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis as deemed appropriate by the directors.

Turnover

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

Sale of goods

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on cost, 10% on cost and 5% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate or if there is an indication of a significant change since the last reporting date.

At each balance sheet date, the directors review the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any and the asset is impaired accordingly.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 held under hire purchase agreements are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the 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.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services delivered in the ordinary course of business. Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired by the company business from suppliers. Accounts payable are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price.

Reserves

Profit and loss account

The profit and loss account includes all current and prior years retained profits and losses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

131,346

1,085,987

1,217,333

Additions

-

141,265

141,265

Disposals

-

(62,117

)

(62,117

)

At 31 March 2025

131,346

1,165,135

1,296,481

DEPRECIATION

At 1 April 2024

27,611

510,570

538,181

Charge for year

2,447

98,249

100,696

Eliminated on disposal

-

(45,422

)

(45,422

)

At 31 March 2025

30,058

563,397

593,455

NET BOOK VALUE

At 31 March 2025

101,288

601,738

703,026

At 31 March 2024

103,735

575,417

679,152

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

Plant and

machinery

etc

£

COST

Additions

108,070

At 31 March 2025

108,070

DEPRECIATION

Charge for year

8,106

At 31 March 2025

8,106

NET BOOK VALUE

At 31 March 2025

99,964

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,187,968

969,151

Other debtors

97,725

52,848

1,285,693

1,021,999

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

2,925

-

Trade creditors

829,206

775,555

Taxation and social security

78,548

66,877

Other creditors

13,805

16,552

924,484

858,984

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

74,620

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

77,545

-

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

150,435

143,854

Deferred

tax

£

Balance at 1 April 2024

143,854

Provided during year

6,581

Balance at 31 March 2025

150,435

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

999

Ordinary

£1

999

999

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

The Report of the Auditors was unqualified.

Michael Edwards FCCA (Senior Statutory Auditor)

for and on behalf of Edwards & Co (Codsall) Limited

12.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £4,883 (2024: £5,366). Contributions totalling £1,038 (2024: £1,214) were payable to the fund at the balance sheet date and are included in creditors.

13.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

411,000

-

14.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year £15,000 (2024 - £15,000) was charged by company shareholders in respect of rent.

During the year the directors' received advances of £140,316 (2024 - £9,493). The directors' made repayments of £150,000 (2024 - £Nil) during the year. At the year end the directors' owed £3,638 (2024 - £13,322) to the company. This was extended on an interest free basis and repayable on demand.

During the year Birmingham Fuel Oils Limited sold goods and services to companies under common control amounting to £1,274,109 (2024 - £1,190,801)

During the year Birmingham Fuel Oils Limited acquired goods and services from companies under common control amounting to £127,779 (2024 - £17,075)

At the balance sheet date, amounts of £68,878 (2024 - £150,524) were due from companies under common control to Birmingham Fuel Oils Limited.

15.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is BFO Management Limited incorporated in England and Wales, whose registered office is the same as Birmingham Fuel Oils Limited.