REGISTERED NUMBER: 06911463 (England and Wales)

Billericay Fuel Services Limited

Strategic report,

Report of the directors and

Financial statements

for the year ended 31 December 2025

Page

Company information

1

Strategic report

2

Report of the directors

3

Report of the independent auditors

5

Statement of comprehensive income

9

Balance sheet

10

Statement of changes in equity

11

Cash flow statement

12

Notes to the cash flow statement

13

Notes to the financial statements

15

Directors:

D Platt

R J Platt

M A Porter

Registered office:

Quaintways, Workhouse Lane

Woodham Ferrers

Chelmsford

Essex

CM3 8RD

Registered number:

06911463 (England and Wales)

Auditors:

Clay Ratnage Strevens & Hills

Chartered Accountants and

Statutory Auditor

Construction House, Runwell Road

Wickford

Essex

SS11 7HQ

The company's principal activity continues to be that of the wholesale, retail and delivery of hydrocarbon oils and there was no change in this activity during the year.

Review of business

The directors are pleased with the performance of the company, considering the market conditions prevailing during the year under review.

During the year the company has seen a turnover decrease to £18,220,355 (2024 - £19,749,641) due to a general decline in fuel prices throughout the year under review. Moreover, the directors are pleased to report an increase in gross profit during the year from £1,339,521 to £1,350,162. The directors continue to monitor costs closely and the company continues to be profitable.

The directors are pleased with the state of the financial affairs of the company at the balance sheet date. The company has continued to invest in plant and machinery, which contributes to the ongoing success of the company. The company continues to maintain a healthy but sensible level of available funds in order to ensure that the working capital requirements of the business can be met.

Principal risks and uncertainties

The principal risks and uncertainties identified by the directors of the company relate to factors concerning the price volatility of fuel and also the effect of climate fluctuations on the demand for heating oil and farm fuels.

Despite these risks and uncertainties, the company is in an excellent position, both financially and operationally, to purchase raw materials at the best possible price. The company is also able to provide flexibility in the services and products it provides to its customers, in order to ensure that the uncertainties concerning weather and climate dynamics can be mitigated as much as possible

Financial key performance indicator

Gross Profit Margin: The directors confirm that the gross profit margin has increased from 6.8% to 7.4% this year and this increase is attributable to retaining a higher margin on sales despite falling oil prices. Gross profit margins typically fluctuate year on year, however, the directors believe that margins will remain at such a level that the company continues to operate profitably for the foreseeable future.

On behalf of the board:

D Platt - Director

4 June 2026

The directors present their report with the financial statements of the company for the year ended 31 December 2025.

Principal activity

The principal activity of the company in the year under review was that of the wholesale, retail and delivery of hydrocarbon oils and there was no change in this activity during the year.

Dividends

Dividends amounting to £100,000 (2024 - £100,000) were paid during the year. The directors do not recommend further payment of a dividend.

Research and development

The company is involved in research and development projects relating to fuel product formulae.

Future developments

The directors are not aware on any likely future developments which would have a significant effect on the company.

Directors

The directors who served during the year were:

D Platt

R J Platt

M A Porter

Fixed assets

Details of movements in fixed assets are set out in notes to the accounts.

Events since the end of the year

There have been no significant events subsequent to the year end which materially affect the results for the year or the company's state of affairs at 31 December 2025.

Close company

The company is a close company within the meaning of S.439 CTA 2010.

Statement of directors' responsibilities

The directors are responsible for preparing the Strategic report, the Report of the directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors

Under section 487(2) of the Companies Act 2006, Clay Ratnage Strevens & Hills will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.

On behalf of the board:

D Platt - Director

4 June 2026

Opinion

We have audited the financial statements of Billericay Fuel Services Limited (the 'company') for the year ended 31 December 2025 which comprise the Statement of comprehensive income, Balance sheet, Statement of changes in equity, Cash flow statement and Notes to the cash flow statement, Notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic report and the Report of the directors, but does not include the financial statements and our Report of the auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic report and the Report of the directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic report and the Report of the directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Report of the directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of directors' responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

-

Obtaining an understanding of the legal and regulatory frameworks applicable to the company and the sector in which they operate.

-

Obtaining an understanding of how the company is complying with those legal and regulatory frameworks by making enquiries to the company's accounting department and management.

-

Assessing the susceptibility of the company's financial statements to material misstatement caused by fraud or other irregularities, by undertaking the following procedures:

-

Identifying and assessing the design effectiveness of controls which management have in place to prevent and detect fraud.

-

Understanding how those charged with governance consider and address the potential for override of controls and management bias.

-

Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations.

-

Assessing the extent of compliance with the relevant laws and regulations.

-

Assessing the extent to which pressures exist which may increase the risk of fraudulent revenue recognition.

Potential fraud risks that had been identified throughout the planning and commencement of the audit were communicated to the audit team.

The inherent limitations of audit present an unavoidable risk the we, the auditors, may not detect some material misstatements within the financial statements despite proper planning and performance of our duties as auditors. Equally,there remains a risk of the non-detection of fraud which could involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. The audit procedures carried out are designed to detect material misstatements within the financial statements. We take no responsibility for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Steven James Garrod (Senior Statutory Auditor)

for and on behalf of Clay Ratnage Strevens & Hills

Chartered Accountants and

Statutory Auditor

Construction House, Runwell Road

Wickford

Essex

SS11 7HQ

4 June 2026

Revenue

4

18,220,355

19,749,641

Cost of sales

16,870,193

18,410,120

Gross profit

1,350,162

1,339,521

Administrative expenses

1,135,849

915,434

Operating profit

6

214,313

424,087

Interest receivable and similar income

62,746

57,202

277,059

481,289

Interest payable and similar expenses

7

949

3,925

Profit before taxation

276,110

477,364

Tax on profit

8

96,982

117,624

Profit for the financial year

179,128

359,740

Other comprehensive income

-

-

Total comprehensive income for the year

179,128

359,740

Fixed assets

Intangible assets

10

-

-

Tangible assets

11

1,548,030

1,524,015

1,548,030

1,524,015

Current assets

Stock

12

142,071

149,218

Debtors

13

1,359,427

1,292,211

Cash at bank and in hand

2,418,628

2,377,675

3,920,126

3,819,104

Creditors

Amounts falling due within one year

14

1,620,768

1,589,097

Net current assets

2,299,358

2,230,007

Total assets less current liabilities

3,847,388

3,754,022

Provisions for liabilities

16

203,054

188,816

Net assets

3,644,334

3,565,206

Capital and reserves

Called up share capital

17

43,820

43,820

Revaluation reserve

18

557,281

557,281

Capital redemption reserve

18

298,260

298,260

Retained earnings

18

2,744,973

2,665,845

Shareholders' funds

3,644,334

3,565,206

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2026 and were signed on its behalf by:

D Platt - Director

Called up

Capital

share

Retained

Revaluation

redemption

Total

capital

earnings

reserve

reserve

equity

£

£

£

£

£

Balance at 1 January 2024

43,820

2,406,105

557,281

298,260

3,305,466

Changes in equity

Dividends on equity shares

-

(100,000

)

-

-

(100,000

)

Total comprehensive income

-

359,740

-

-

359,740

Balance at 31 December 2024

43,820

2,665,845

557,281

298,260

3,565,206

Changes in equity

Dividends on equity shares

-

(100,000

)

-

-

(100,000

)

Total comprehensive income

-

179,128

-

-

179,128

Balance at 31 December 2025

43,820

2,744,973

557,281

298,260

3,644,334

Cash flows from operating activities

Cash generated from operations

1

463,560

618,400

Interest paid

(949

)

(3,925

)

Tax paid

(110,260

)

(34,149

)

Net cash from operating activities

352,351

580,326

Cash flows from investing activities

Purchase of tangible fixed assets

(247,581

)

(238,304

)

Sale of tangible fixed assets

14,000

34,000

Interest received

62,746

57,202

Net cash from investing activities

(170,835

)

(147,102

)

Cash flows from financing activities

Capital repayments in year

(40,563

)

(58,942

)

Equity dividends paid

(100,000

)

(100,000

)

Net cash from financing activities

(140,563

)

(158,942

)

Increase in cash and cash equivalents

40,953

274,282

Cash and cash equivalents at beginning of year

2

2,377,675

2,103,393

Cash and cash equivalents at end of year

2

2,418,628

2,377,675

1.	Reconciliation of profit before taxation to cash generated from operations

2025

2024

£

£

Profit before taxation

276,110

477,364

Depreciation charges

218,205

231,932

Profit on disposal of fixed assets

(8,638

)

(11,992

)

Finance costs

949

3,925

Finance income

(62,746

)

(57,202

)

423,880

644,027

Decrease in stock

7,147

8,719

(Increase)/decrease in trade and other debtors

(67,216

)

227,214

Increase/(decrease) in trade and other creditors

99,749

(261,560

)

Cash generated from operations

463,560

618,400

2.	Cash and cash equivalents

The amounts disclosed on the Cash flow statement in respect of cash and cash equivalents are in respect of these Balance sheet amounts:

Year ended 31 December 2025

31/12/25

1/1/25

£

£

Cash and cash equivalents

2,418,628

2,377,675

Year ended 31 December 2024

31/12/24

1/1/24

£

£

Cash and cash equivalents

2,377,675

2,103,393

3.	Analysis of changes in net funds

At 1/1/25

Cash flow

At 31/12/25

£

£

£

Net cash

Cash at bank and in hand

2,377,675

40,953

2,418,628

2,377,675

40,953

2,418,628

Debt

Finance leases

(40,563

)

40,563

-

(40,563

)

40,563

-

Total

2,337,112

81,516

2,418,628

1.	Statutory information

Billericay Fuel Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of freehold property and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

The company has applied the exemption available under FRS102 whereby freehold property previously revalued under the previously extant GAAP is no longer revalued. The value of this property as at transition has now been treated as its deemed cost.

Revenue

Turnover comprises revenue recognised by the company in respect of goods supplied during the year.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both a reducing balance and straight line basis.

Depreciation is provided at the following rates:

Motor vehicles

- 25% reducing balance

Fixtures, fittings and equipment

- 20% reducing balance

Modular building

- 2% straight line

Computer equipment

- 20% straight line

Implements and equipment

- 20% reducing balance

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.

Stock

Stock is 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.

Financial instruments

The company has elected to apply Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently carried at amortised cost using the effective interest method, less any impairment provision. Where an arrangement constitutes a financing transaction, whereby payment is deferred beyond normal business terms, it is measured at the present value of future receipts discounted at a market rate of interest. Discounting is omitted where the effect is immaterial.

Impairment of financial assets

Financial assets are assessed for impairment at each reporting date. An impairment loss arises where events subsequent to initial recognition indicate that estimated future cash flows have been adversely affected, and is measured as the difference between the carrying amount and the present value of future cash flows at the original effective interest rate. Where the indicators of impairment subsequently reverse, the impairment loss may be reversed up to the original carrying amount, and is recognised in profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of their contractual arrangements. An equity instrument is any contract that evidences a residual interest in the assets of the company after deduction of all its liabilities.

Basic financial liabilities, including trade and other payables and bank and other loans, are initially measured at transaction price after transaction costs, or where a financing transaction exists, at the present value of future payments discounted at a market rate of interest. Discounting is omitted where the effect is immaterial. All debt instruments, including trade payables, are subsequently carried at amortised cost using the effective interest method.

Trade payables are classified as current liabilities where payment is due within one year, and as non-current liabilities otherwise.

Derecognition of financial instruments

Financial assets are derecognised when contractual rights to future cash flows expire, are settled, or when the asset and substantially all risks and rewards of ownership are transferred to another party. Where significant risks and rewards are retained, the relevant portion continues to be recognised. Financial liabilities are derecognised when the related contractual obligations are discharged, cancelled or expire.

Taxation

Taxation for the year comprises current and deferred tax. 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 equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operated a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

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.

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.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

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.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

3.	Critical accounting judgements and key sources of estimation uncertainty

The preparation of the company's financial statements requires the directors to make judgments when applying accounting estimates which give rise to estimation uncertainty. The directors make these judgments having taken into account all available information and using their considerable knowledge of the company's operations. Key estimates include the rate of depreciation of tangible fixed assets and the recoverability of trade debtors. The directors consider that these accounting estimates are fairly stated.

4.

Revenue

The revenue and profit before taxation are attributable to the one principal activity of the company.

All turnover arose within the United Kingdom.

5.	Employees and directors

2025

2024

£

£

Wages and salaries

1,026,602

799,419

Social security costs

141,135

84,572

Other pension costs

16,671

17,275

1,184,408

901,266

The average number of employees during the year was as follows:

2025

2024

Directors

3

3

Production and sales

15

15

Office and management

4

5

22

23

2025

2024

£

£

Directors' remuneration

352,832

138,339

Information regarding the highest paid director for the year ended 31 December 2025 is as follows:

2025

£

Emoluments etc

260,000

6.	Operating profit

The operating profit is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

218,204

230,832

Profit on disposal of fixed assets

(8,638

)

(11,992

)

Auditors' remuneration

13,200

12,900