Registration number: NI605916

TIEVECROM FUELS LIMITED

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 11

TIEVECROM FUELS LIMITED

Company Information

Director

Malachy Byrne

Registered office

30 Newry Road Forkhill Newry Co Down Northern Ireland BT35 9RN

TIEVECROM FUELS LIMITED

(Registration number: NI605916)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	161,192	21,990
Current assets
Stocks	6	2,000	2,000
Debtors	7	334,674	298,605
Cash at bank and in hand		119,196	102,290
		455,870	402,895
Creditors: Amounts falling due within one year	8	(335,051)	(284,893)
Net current assets		120,819	118,002
Total assets less current liabilities		282,011	139,992
Creditors: Amounts falling due after more than one year	8	(60,840)	(3,686)
Provisions for liabilities		(28,456)	(1,869)
Net assets		192,715	134,437
Capital and reserves
Called up share capital		2	2
Retained earnings		192,713	134,435
Shareholders' funds		192,715	134,437

For the financial year ending 31 January 2026 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 October 2026
 

......................................... Malachy Byrne Director

TIEVECROM FUELS LIMITED

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

1	General information

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

The address of its registered office is:
30 Newry Road
Forkhill
Newry
Co Down
BT35 9RN
Northern Ireland

These financial statements were authorised for issue by the director on 6 October 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.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises 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.

TIEVECROM FUELS LIMITED

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

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.

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:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Office Equipment	20% Reducing Balance
Plant & Machinery	20% Reducing Balance
Motor Vehicles	20% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

TIEVECROM FUELS LIMITED

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 the director) during the year, was 1 (2025 - 1).

TIEVECROM FUELS LIMITED

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

4

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	-	2,213
Deferred taxation
Arising from origination and reversal of timing differences	26,587	(739)
Tax expense in the income statement	26,587	1,474

TIEVECROM FUELS LIMITED

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 February 2025	500	20,899	65,427	86,826
Additions	-	-	179,500	179,500
At 31 January 2026	500	20,899	244,927	266,326
Depreciation
At 1 February 2025	500	17,394	46,942	64,836
Charge for the year	-	701	39,597	40,298
At 31 January 2026	500	18,095	86,539	105,134
Carrying amount
At 31 January 2026	-	2,804	158,388	161,192
At 31 January 2025	-	3,505	18,485	21,990

6

Stocks

	2026 £	2025 £
Other inventories	2,000	2,000

7

Debtors

Current	2026 £	2025 £
Trade debtors	294,652	258,346
Prepayments	3,179	7,042
Other debtors	36,843	33,217
	334,674	298,605

8

Creditors

Creditors: amounts falling due within one year

TIEVECROM FUELS LIMITED

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	11	22,406	10,000
Trade creditors		308,166	268,699
Taxation and social security		2,715	4,407
Accruals and deferred income		1,807	1,807
Other creditors		(43)	(20)
		335,051	284,893

TIEVECROM FUELS LIMITED

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	11	60,840	3,686

9	Provisions for liabilities

	Deferred tax £	Total £
At 1 February 2025	1,869	1,869
Increase (decrease) in existing provisions	26,587	26,587
At 31 January 2026	28,456	28,456

10	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary Share of £1 each	2	2	2	2

11	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	3,686
Hire purchase contracts	60,840	-
	60,840	3,686

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	3,686	10,000
Hire purchase contracts	18,720	-
	22,406	10,000

12	Related party transactions

TIEVECROM FUELS LIMITED

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

Director's remuneration

The director's remuneration for the year was as follows:

	2026 £	2025 £
Remuneration	10,000	9,999
Contributions paid to money purchase schemes	113	113
	10,113	10,112

13	Financial instruments

Categorisation of financial instruments

2026 £

2025 £