Goldline Fuel (Hutton) Ltd 30/11/2025 iXBRL

Company registration number: 14325462

Goldline Fuel (Hutton) Ltd

Unaudited filleted financial statements

30 November 2025

Goldline Fuel (Hutton) Ltd

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Goldline Fuel (Hutton) Ltd

Directors and other information


	Director	Mr Kumarasamy Sivakumaran


	Company number	14325462


	Registered office	797 Harrow Road
		Sudbury Town
		Wembley
		HA0 2LP


	Business address	Mundford Road
		Thetford
		IP24 1NB


	Accountants	Accountancy Solutions
		797 Harrow Road
		Sudbury Town
		Wembley
		HA0 2LP




	Bankers	Barclays Bank
		11 Bank Court
		Marlowes
		Hemel Hempstead
		Hertfordshire
		HP1 1BX

Goldline Fuel (Hutton) Ltd

Statement of financial position

30 November 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	2,121,660		2,409,992
Tangible assets	6	1,967,803		1,978,277
		_______		_______
			4,089,463		4,388,269

Current assets
Stocks		226,064		189,812
Debtors	7	66,219		72,538
Cash at bank and in hand		433,144		446,860
		_______		_______
		725,427		709,210
Creditors: amounts falling due
within one year	8	( 2,268,827)		( 2,528,278)
		_______		_______
Net current liabilities			( 1,543,400)		( 1,819,068)
			_______		_______
Total assets less current liabilities			2,546,063		2,569,201

Creditors: amounts falling due
after more than one year	9		( 2,294,697)		( 2,421,746)
			_______		_______
Net assets			251,366		147,455
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			251,266		147,355
			_______		_______
Shareholders funds			251,366		147,455
			_______		_______

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 31 August 2026 , and are signed on behalf of the board by:

Mr Kumarasamy Sivakumaran

Director

Company registration number: 14325462

Goldline Fuel (Hutton) Ltd

Notes to the financial statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 797 Harrow Road, Sudbury Town, Wembley, HA0 2LP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	Over useful life of 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	Not depreciated
Fittings fixtures and equipment	-	15 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 15 (2024: 19 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 December 2024 and 30 November 2025	2,883,324	2,883,324
	_______	_______
Amortisation
At 1 December 2024	473,332	473,332
Charge for the year	288,332	288,332
	_______	_______
At 30 November 2025	761,664	761,664
	_______	_______
Carrying amount
At 30 November 2025	2,121,660	2,121,660
	_______	_______

At 30 November 2024	2,409,992	2,409,992
	_______	_______

6. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 December 2024	1,842,066	168,302	2,010,368
Additions	8,092	2,195	10,287
	_______	_______	_______
At 30 November 2025	1,850,158	170,497	2,020,655
	_______	_______	_______
Depreciation
At 1 December 2024	-	32,091	32,091
Charge for the year	-	20,761	20,761
	_______	_______	_______
At 30 November 2025	-	52,852	52,852
	_______	_______	_______
Carrying amount
At 30 November 2025	1,850,158	117,645	1,967,803
	_______	_______	_______

At 30 November 2024	1,842,066	136,211	1,978,277
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	-	61,296
Other debtors	66,219	11,242
	_______	_______
	66,219	72,538
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	111,543	97,903
Trade creditors	315,764	311,661
Corporation tax	131,446	154,796
Social security and other taxes	30,715	57,707
Other creditors	1,679,359	1,906,211
	_______	_______
	2,268,827	2,528,278
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,294,697	2,421,746
	_______	_______

The bank loans are for the term of 5 years from draw down and at an interest of 2.95% and 3.15% over base rate. The bank loans are secured by fixed and floating charge over assets of the company, legal mortgage over properties owned by the company and cross guarantee and debenture from company owned by the director.

10. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Kumarasamy Sivakumaran	( 63,058)	( 210,227)	-	( 273,285)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Kumarasamy Sivakumaran	( 129,192)	-	66,134	( 63,058)
		_______	_______	_______	_______

11. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Goldline Fuel Limited	( 12,000)	( 101,119)	( 518,649)	( 506,649)
JP & S Servicess Ltd	450,000	250,000	( 200,000)	( 650,000)
	_______	_______	_______	_______

Goldline Fuel Ltd is a company under control of the director and JP & S Servicess Ltd is a company, controlled by directors close family. Terms of repayment or interest is not agreed on the above unsecured loans.

12. Controlling party

The company is controlled by the director and close family members of the director.