Four Star Fuels Ltd iXBRL

Company Registration Number: NI636075

Four Star Fuels Ltd

Abridged Unaudited Financial Statements

for the financial year ended 31 January 2025

Four Star Fuels Ltd

Company Registration Number: NI636075

ABRIDGED BALANCE SHEET

as at 31 January 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

32,357

49,635

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Current Assets

Stocks

36,389

30,072

Debtors

22,397

27,543

Cash at bank and in hand

19,214

26,332

─────────

78,000

83,947

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Creditors: amounts falling due within one year

(47,280)

(52,604)

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Net Current Assets

30,720

31,343

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Total Assets less Current Liabilities

63,077

80,978

Creditors:

amounts falling due after more than one year

(12,948)

(13,644)

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Net Assets

50,129

67,334

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Capital and Reserves

Called up share capital

Retained earnings

50,128

67,333

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Shareholders' Funds

50,129

67,334

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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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.

For the financial year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 27 August 2025



________________________________
Mr. Seamus Mills
Director

Four Star Fuels Ltd

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 January 2025

General Information

Four Star Fuels Ltd is a company limited by shares incorporated in Northern Ireland. Tullygoonigan Industrial Estate, 89 Moy Rd, Co. Armagh, BT61 8DR, Northern Ireland is the registered office, which is also the principal place of business of the company . The nature of the company's operations and its principal activities are set out in the Director's Report.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 31 January 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Short leasehold property

0% Straight line

Plant and machinery

20% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including director, during the financial year was 4, (2024 - 4).

2025

2024

Number

Number

Administrative

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4.	Tangible assets
		Short	Plant and	Total
		leasehold	machinery
		property
		£	£	£
	Cost
	At 1 February 2024	7,930	105,253	113,183
	Additions	-	2,274	2,274
		─────────	─────────	─────────
	At 31 January 2025	7,930	107,527	115,457
		─────────	─────────	─────────
	Depreciation
	At 1 February 2024	-	63,548	63,548
	Charge for the financial year	-	19,552	19,552
		─────────	─────────	─────────
	At 31 January 2025	-	83,100	83,100
		─────────	─────────	─────────
	Net book value
	At 31 January 2025	7,930	24,427	32,357
		═════════	═════════	═════════
	At 31 January 2024	7,930	41,705	49,635
		═════════	═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 January 2025.

Parent company

The company regards Mills Holdco Ltd as its parent company.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.