Registration number: NI646122

McCurdy Fuels Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 7

McCurdy Fuels Limited

(Registration number: NI646122)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	783,870	552,430
Current assets
Stocks	6	325,548	479,850
Debtors	7	1,295,185	1,407,107
Cash at bank and in hand		1,037,933	826,245
		2,658,666	2,713,202
Creditors: Amounts falling due within one year	8	(1,217,265)	(1,306,550)
Net current assets		1,441,401	1,406,652
Total assets less current liabilities		2,225,271	1,959,082
Creditors: Amounts falling due after more than one year	8	(5,806)	(29,824)
Provisions for liabilities		(141,254)	(118,823)
Net assets		2,078,211	1,810,435
Capital and reserves
Called up share capital	9	10	10
Retained earnings		2,078,201	1,810,425
Shareholders' funds		2,078,211	1,810,435

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 July 2026 and signed on its behalf by:
 

......................................... Mr Robert McCurdy Director

......................................... Mr Bill McCurdy Director

McCurdy Fuels Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
51-53 Thomas Street
Ballymena
Co. Antrim
BT43 6AZ
Northern Ireland

These financial statements were authorised for issue by the Board on 28 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

McCurdy Fuels Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% reducing balance
Plant and machinery	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	straight line over 5 years

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

McCurdy Fuels Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 15).

McCurdy Fuels Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 November 2024	179,999	179,999
At 31 October 2025	179,999	179,999
Amortisation
At 1 November 2024	179,999	179,999
At 31 October 2025	179,999	179,999
Carrying amount
At 31 October 2025	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Plant and machinery £	Total £
Cost or valuation
At 1 November 2024	77,140	59,961	1,454,480	1,591,581
Additions	141,716	-	278,062	419,778
At 31 October 2025	218,856	59,961	1,732,542	2,011,359
Depreciation
At 1 November 2024	-	47,917	991,234	1,039,151
Charge for the year	-	3,011	185,327	188,338
At 31 October 2025	-	50,928	1,176,561	1,227,489
Carrying amount
At 31 October 2025	218,856	9,033	555,981	783,870
At 31 October 2024	77,140	12,044	463,246	552,430

Included within the net book value of land and buildings above is £218,856 (2024 - £77,140) in respect of freehold land and buildings.
 

McCurdy Fuels Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6

stocks

	2025 £	2024 £
Other inventories	325,548	479,850

7

debtors

Current	2025 £	2024 £
Trade debtors	1,098,189	1,042,961
Prepayments	66,171	62,362
Other debtors	130,825	301,784
	1,295,185	1,407,107

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	24,016	71,488
Trade creditors		999,400	1,006,965
Taxation and social security		75,430	61,860
Accruals and deferred income		8,565	11,000
Other creditors		109,854	155,237
		1,217,265	1,306,550

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	5,806	29,824

McCurdy Fuels Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	10	10	10	10

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,806	16,442
Hire purchase contracts	-	13,382
	5,806	29,824

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,634	10,372
Hire purchase contracts	13,382	61,116
	24,016	71,488