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Registered number: 11045607
PENINSULA FUELS LTD
Unaudited Financial Statements
For The Year Ended 30 November 2025
James Bendrey Accountants Ltd
Boscawen Park
St Dennis
St Austell
Cornwall
PL26 8DT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11045607
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 76,976 42,886
76,976 42,886
CURRENT ASSETS
Stocks 5 24,519 3,342
Debtors 6 35,550 18,675
Cash at bank and in hand 1,560 1,657
61,629 23,674
Creditors: Amounts Falling Due Within One Year 7 (81,319 ) (29,720 )
NET CURRENT ASSETS (LIABILITIES) (19,690 ) (6,046 )
TOTAL ASSETS LESS CURRENT LIABILITIES 57,286 36,840
Creditors: Amounts Falling Due After More Than One Year 8 (53,267 ) (17,012 )
NET ASSETS 4,019 19,828
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 4,018 19,827
SHAREHOLDERS' FUNDS 4,019 19,828
Page 1
Page 2
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
MR ALISTAIR BENNETT
Director
28/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PENINSULA FUELS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11045607 . The registered office is UNIT 5F, ST COLUMB IND EST, ST COLUMB, CORNWALL, TR9 6SF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2024 42,603 30,409 716 73,728
Additions 6,500 46,833 - 53,333
As at 30 November 2025 49,103 77,242 716 127,061
Depreciation
As at 1 December 2024 20,212 10,280 350 30,842
Provided during the period 5,778 13,392 73 19,243
As at 30 November 2025 25,990 23,672 423 50,085
Net Book Value
As at 30 November 2025 23,113 53,570 293 76,976
As at 1 December 2024 22,391 20,129 366 42,886
5. Stocks
2025 2024
£ £
Materials 24,519 3,342
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 24,955 14,452
Vat Debtor 10,595 4,223
35,550 18,675
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 64,239 12,585
Bank loans and overdrafts 16,246 16,272
Accruals and deferred income 745 745
Director's loan account 89 118
81,319 29,720
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 31,451 17,012
March 2025 loan 21,816 -
53,267 17,012
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 31,451 17,012
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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