Halso UK Fuels Ltd - Filleted accounts

Registered number

03763082

Halso UK Fuels Ltd

Report and Accounts

31 May 2025

Nuvo Accountancy Limited

Accountants and Business Advisors

33 Wolverhampton Road

Cannock

Staffordshire

WS11 1AP

Halso UK Fuels Ltd
Registered number: 03763082
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		804,939			672,290

Current assets
Stocks		206,522			392,616
Debtors	4	1,946,682			2,487,919
Cash at bank and in hand		576,522			118,855
		2,729,726			2,999,390

Creditors: amounts falling due within one year	5	(2,101,283)			(1,765,904)

Net current assets			628,443			1,233,486

Total assets less current liabilities			1,433,382			1,905,776

Creditors: amounts falling due after more than one year	6		(100,712)			(106,875)

Provisions for liabilities			(91,906)			(130,547)


Net assets			1,240,764			1,668,354

Capital and reserves
Called up share capital			2,907			2,907
Profit and loss account			1,237,857			1,665,447

Shareholders' funds			1,240,764			1,668,354

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




E Osborn-Wilkes
Director
Approved by the board on 8 December 2025

Halso UK Fuels Ltd
Notes to the Accounts
for the period from 1 July 2024 to 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Property improvements			100% straight line
	Fixtures & fitting			20% straight line
	Motor vehicles			20% & 25% straight line

	It was decided that the depreciation policy for property improvements was changed to write off all improvements in the year that they were incurred. The effect of this change of accounting policy was to reduce profits by £19,799.
	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. At the year end a 15% provision was put in place for old and obsolete stock, the effect of this resulted in reduced profits of £36,445.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					33		25


3	Tangible fixed assets
		Property improvements		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 July 2024	156,853		337,630		2,160,234		2,654,717
	Additions	24,749		83,209		636,844		744,802
	Disposals	-		(243,414)		(389,549)		(632,963)
	At 31 May 2025	181,602		177,425		2,407,529		2,766,556

	Depreciation
	At 1 July 2024	156,853		286,838		1,538,736		1,982,427
	Charge for the period	24,749		29,817		281,911		336,477
	On disposals	-		(243,414)		(113,873)		(357,287)
	At 31 May 2025	181,602		73,241		1,706,774		1,961,617

	Net book value
	At 31 May 2025	-		104,184		700,755		804,939
	At 30 June 2024	-		50,792		621,498		672,290

	The fixed assets are secured by fixed charge held by Mitsubishi HC Capital UK PLC.


4	Debtors					2025		2024
£							£

	Trade debtors					1,215,257		2,136,144
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					137,194		123,595
	Other debtors					594,231		228,180
						1,946,682		2,487,919


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					88,111		117,976
	Trade creditors					1,898,033		1,426,446
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					71,705		71,705
	Corporation tax					-		88,652
	Other taxes and social security costs					22,419		18,884
	Other creditors					21,015		42,241
						2,101,283		1,765,904


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					100,712		106,875


7	Related party transactions

	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.
8	Controlling party

	The company is a wholly owned subsidiary of Osborn Head Office Limited, a company incorporated in the UK.