Company No: 04406939 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	112,321		115,372
		112,321		115,372
Current assets
Stocks	4	78,628		89,568
Debtors	5	87,821		90,132
Cash at bank and in hand		276,378		244,032
		442,827		423,732
Creditors: amounts falling due within one year	6	( 282,196)		( 452,998)
Net current assets/(liabilities)		160,631		(29,266)
Total assets less current liabilities		272,952		86,106
Provision for liabilities		( 28,080)		( 28,843)
Net assets		244,872		57,263
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		244,772		57,163
Total shareholders' funds		244,872		57,263

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Yeoward Marine Fuels Limited (registered number: 04406939) were approved and authorised for issue by the Director on 28 May 2026. They were signed on its behalf by:

Mr A J Squire Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Yeoward Marine Fuels Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Island Street, Salcombe, TQ8 8DP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over the assets expected useful life, as follows:

Plant and machinery

5 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

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

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		3

3. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 September 2024	305,658		305,658
Additions	2,859		2,859
At 31 August 2025	308,517		308,517
Accumulated depreciation
At 01 September 2024	190,286		190,286
Charge for the financial year	5,910		5,910
At 31 August 2025	196,196		196,196
Net book value
At 31 August 2025	112,321		112,321
At 31 August 2024	115,372		115,372

4. Stocks

	2025		2024
	£		£
Stocks	78,628		89,568

5. Debtors

	2025		2024
	£		£
Trade debtors	82,811		73,599
Other debtors	5,010		16,533
	87,821		90,132

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	81,164		294,878
Accruals	74,100		118,313
Taxation and social security	126,862		39,553
Other creditors	70		254
	282,196		452,998

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
24,500 Ordinary B shares of £ 0.001 each	24.50		24.50
75,500 Ordinary A shares of £ 0.001 each	75.50		75.50
	100.00		100.00