Caseware UK (AP4) 2025.0.111 2025.0.111 2024-07-31 2024-07-31 true 2023-08-01 false retail sale of automotive fuel 1 1 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11899424 2023-08-01 2024-07-31 11899424 2022-08-01 2023-07-31 11899424 2024-07-31 11899424 2023-07-31 11899424 c:Director1 2023-08-01 2024-07-31 11899424 d:PlantMachinery 2023-08-01 2024-07-31 11899424 d:PlantMachinery 2024-07-31 11899424 d:PlantMachinery 2023-07-31 11899424 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 11899424 d:FurnitureFittings 2023-08-01 2024-07-31 11899424 d:FurnitureFittings 2024-07-31 11899424 d:FurnitureFittings 2023-07-31 11899424 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 11899424 d:ComputerEquipment 2023-08-01 2024-07-31 11899424 d:ComputerEquipment 2024-07-31 11899424 d:ComputerEquipment 2023-07-31 11899424 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 11899424 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 11899424 d:CurrentFinancialInstruments 2024-07-31 11899424 d:CurrentFinancialInstruments 2023-07-31 11899424 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 11899424 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 11899424 d:ShareCapital 2024-07-31 11899424 d:ShareCapital 2023-07-31 11899424 d:RetainedEarningsAccumulatedLosses 2024-07-31 11899424 d:RetainedEarningsAccumulatedLosses 2023-07-31 11899424 c:FRS102 2023-08-01 2024-07-31 11899424 c:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 11899424 c:FullAccounts 2023-08-01 2024-07-31 11899424 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11899424 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 11899424 SKH FUEL LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JULY 2024
SKH FUEL LTD CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFSKH FUEL LTD FOR THE YEAR ENDED 31 JULY 2024 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SKH Fuel Ltd for the year ended 31 July 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us. This report is made solely to the director of SKH Fuel Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of SKH Fuel Ltd and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SKH Fuel Ltd and its director for our work or for this report. It is your duty to ensure that SKH Fuel Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that SKH Fuel Ltd is exempt from the statutory audit requirement for the . We have not been instructed to carry out an audit or review of the financial statements of SKH Fuel Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Shipleys Tax & Accounts 24 March 2026 Page 1
SKH FUEL LTD REGISTERED NUMBER: 11899424 BALANCE SHEET AS AT 31 JULY 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 70,481 |  | 95,296
|  |  | 70,481 |  | 95,296
Current assets |  |  |  |  |
Stocks |  | 135,524 |  | 141,149 |
Debtors: amounts falling due within one year | 5 | 2,762,640 |  | 3,028,977 |
Cash at bank and in hand | 6 | 368,887 |  | 196,006 |
|  | 3,267,051 |  | 3,366,132 |
Creditors: amounts falling due within one year | 7 | (712,275) |  | (1,378,556) |
Net current assets |  |  | 2,554,776 |  | 1,987,576
Total assets less current liabilities |  |  | 2,625,257 |  | 2,082,872
Net assets |  |  | 2,625,257 |  | 2,082,872
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 2,625,157 |  | 2,082,772
|  |  | 2,625,257 |  | 2,082,872
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. 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. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 March 2026. Page 2
SKH FUEL LTD REGISTERED NUMBER: 11899424 BALANCE SHEET (CONTINUED) AS AT 31 JULY 2024
Suleman Patel
Director
The notes on pages 4 to 8 form part of these financial statements. Page 3
SKH FUEL LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
1. | General information
SKH Fuel Limited is a company domiciled in England & Wales, registration number 11899424. The registered office is 8A Cavendish Court, South Parade, Doncaster, DN1 2DJ. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Page 4
SKH FUEL LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 2.Accounting policies (continued)
| 2.3 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
| 2.6 | Tangible fixed assets
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. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 15% |
|  |  |  | Fixtures and fittings | - | 15% |
|  |  |  | Computer equipment | - |  |
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. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 5
SKH FUEL LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 2.Accounting policies (continued)
| 2.7 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.9 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
Page 6
SKH FUEL LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
4. | Tangible fixed assets
|  | Plant and machinery | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| At 1 August 2023 | 150,533 | 40,454 | - | 190,987
| Additions | - | - | 5,749 | 5,749
| At 31 July 2024 | 150,533 | 40,454 | 5,749 | 196,736
| Depreciation |  |  |  |
| At 1 August 2023 | 83,283 | 12,408 | - | 95,691
| Charge for the year on owned assets | 22,580 | 6,068 | 1,916 | 30,564
| At 31 July 2024 | 105,863 | 18,476 | 1,916 | 126,255
| Net book value |  |  |  |
| At 31 July 2024 | 44,670 | 21,978 | 3,833 | 70,481
| At 31 July 2023 | 67,250 | 28,046 | - | 95,296
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other debtors | 2,762,640 | 3,028,977
|  | 2,762,640 | 3,028,977
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 368,887 | 196,006
|  | 368,887 | 196,006
Page 7
SKH FUEL LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 301,382 | 78,436
| Corporation tax | 334,464 | 254,638
| Other taxation and social security | 53,549 | 50,721
| Other creditors | 8,000 | 979,881
| Accruals and deferred income | 14,880 | 14,880
|  | 712,275 | 1,378,556
8. | Related party transactions
| During the year S K Fuel Limited (a company which is owned by the director) repaid the company £266,338. At the balance sheet date other debtors included £2,712,641 (2023: £2,978,979) as amounts owed by S K Fuel Limited. At the balance sheet date other debtors included £50,000 (2023: £50,000) as amounts owed by S K Houses 430 Ltd (a company which is owned by the director).
9. | Controlling party
The company is controlled by the director Mr S Patel.
Page 8