LONGACRES FILLING STATION LIMITED 28/02/2025 iXBRL

Company registration number: 06126661

LONGACRES FILLING STATION LIMITED

Unaudited filleted financial statements

28 February 2025

LONGACRES FILLING STATION LIMITED

Contents

Directors and other information

Statement of comprehensive income

Statement of financial position

Statement of changes in equity

Notes to the financial statements

LONGACRES FILLING STATION LIMITED

Directors and other information


	Directors	Mr Pethamparam Yoganathan
		Mrs Shanthinithevi Yoganathan
		Miss Nizanka Yoganathan


	Secretary	Mrs Shanthinithevy Yoganathan


	Company number	06126661


	Registered office	Marian
		Trelawnyd
		Rhyl
		LL18 6EB

LONGACRES FILLING STATION LIMITED

Statement of comprehensive income

Year ended 28 February 2025

		2025	2024
	Note	£	£


Turnover		5,474,566	5,526,993
Change in stocks of finished goods and in work in progress		( 3,673,068)	( 3,773,481)
Other operating income		58,425	52,478
		_______	_______
		1,859,923	1,805,990

Raw materials		( 1,353,608)	( 1,304,562)
Staff costs		( 196,555)	( 164,613)
Depreciation and other amounts written off tangible and intangible fixed assets		( 60,975)	( 60,698)
Other operating expenses		( 194,549)	( 201,423)
		_______	_______
Operating profit		54,236	74,694

Interest payable and similar expenses		( 24,414)	( 24,538)
		_______	_______
Profit before taxation		29,822	50,156

Tax on profit		( 11,982)	( 7,340)
		_______	_______
Profit for the financial year and total comprehensive income		17,840	42,816
		_______	_______

All the activities of the company are from continuing operations.

LONGACRES FILLING STATION LIMITED

Statement of financial position

28 February 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	1,337,203		1,375,640
		_______		_______
			1,337,203		1,375,640

Current assets
Stocks		510,000		510,000
Debtors	7	19,477		43,351
Cash at bank and in hand		107,593		72,536
		_______		_______
		637,070		625,887
Creditors: amounts falling due
within one year	8	( 339,290)		( 314,510)
		_______		_______
Net current assets			297,780		311,377
			_______		_______
Total assets less current liabilities			1,634,983		1,687,017

Creditors: amounts falling due
after more than one year	9		( 235,845)		( 275,719)
			_______		_______
Net assets			1,399,138		1,411,298
			_______		_______

Capital and reserves
Called up share capital			3		3
Profit and loss account			1,399,135		1,411,295
			_______		_______
Shareholders funds			1,399,138		1,411,298
			_______		_______

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 19 November 2025 , and are signed on behalf of the board by:

Mr Pethamparam Yoganathan

Director

Company registration number: 06126661

LONGACRES FILLING STATION LIMITED

Statement of changes in equity

Year ended 28 February 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 March 2023	3	1,398,479	1,398,482

Profit for the year		42,816	42,816
	_______	_______	_______
Total comprehensive income for the year	-	42,816	42,816

Dividends paid and payable		( 30,000)	( 30,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 30,000)	( 30,000)

	_______	_______	_______
At 28 February 2024 and 1 March 2024	3	1,411,295	1,411,298

Profit for the year		17,840	17,840
	_______	_______	_______
Total comprehensive income for the year	-	17,840	17,840

Dividends paid and payable		( 30,000)	( 30,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 30,000)	( 30,000)

	_______	_______	_______
At 28 February 2025	3	1,399,135	1,399,138
	_______	_______	_______

LONGACRES FILLING STATION LIMITED

Notes to the financial statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in . The address of the registered office is Marian, Trelawnyd, Rhyl, LL18 6EB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured 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 the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. 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 a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to Nil (2024: Nil).

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	187,338	159,135
Social security costs	8,276	4,800
Other pension costs	941	678
	_______	_______
	196,555	164,613
	_______	_______

5. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	60,975	60,698
	_______	_______

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 March 2024	1,222,748	157,070	268,993	4,640	1,653,451
Additions	-	22,538	-	-	22,538
	_______	_______	_______	_______	_______
At 28 February 2025	1,222,748	179,608	268,993	4,640	1,675,989
	_______	_______	_______	_______	_______
Depreciation
At 1 March 2024	-	68,470	204,701	4,640	277,811
Charge for the year	-	44,902	16,073	-	60,975
	_______	_______	_______	_______	_______
At 28 February 2025	-	113,372	220,774	4,640	338,786
	_______	_______	_______	_______	_______
Carrying amount
At 28 February 2025	1,222,748	66,236	48,219	-	1,337,203
	_______	_______	_______	_______	_______
At 28 February 2024	1,222,748	88,600	64,292	-	1,375,640
	_______	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	19,477	43,351
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	11,285	-
Trade creditors	68,548	56,564
Corporation tax	11,982	7,340
Social security and other taxes	3,056	3,406
Other creditors	244,419	247,200
	_______	_______
	339,290	314,510
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	192,776	252,580
Corporation tax	13,069	23,139
Other creditors	30,000	-
	_______	_______
	235,845	275,719
	_______	_______

10. Directors advances, credits and guarantees