Registered Number
:
03514153
|
For the year ended 28 February 2017
England and Wales
Report of the Director and Financial Statements
For the year ended 28 February 2017
Big 2 Fuels Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Big 2 Fuels Ltd
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
117,812
117,968
2
117,812
117,968
6,500
8,000
Trade and other receivables
|
1,198
872
3
7,498
Cash and cash equivalents
|
639
9,511
15,196
Trade and other payables
:
amounts falling due within one
|
year
|
(13,057)
(7,477)
4
2,139
2,034
Net current assets
Total assets less current liabilities
|
119,846
120,107
Trade and other payables
:
amounts falling due after more
|
than one year
|
(116,073)
(123,161)
5
(3,315)
Net assets/liabilities
4,034
2
2
(3,317)
4,032
(3,315)
4,034
Shareholders' funds
For the year ended 28 February 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
|
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
|
394
and
395
and which otherwise comply with the requirements of the Companies Act
2006
relating to financial
|
statements
,
so far as applicable to the company
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 20 August 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 28 February 2017
Big 2 Fuels Ltd
Notes to the Financial Statements
Statutory Information
Big
2
Fuels Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
03514153
.
|
Principal place of business
:
|
ECO Garage
2 Holland Road
Kensington
London
W14 8BA
59A North Street
Nailsea
Bristol
BS48 4BS
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention
.
|
Revenue recognition
Turnover comprises the value of goods and services supplied by the company, net of Value Added Tax.
Property, plant and equipment
The company's long leasehold property is not depreciated as the director is confident that it has a value significantly in excess of its balance sheet value.Other tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Leasehold property
Forecourt & other equipment
Inventories
Stocks are valued at the lower of cost and net realisable value.
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For the year ended 28 February 2017
Big 2 Fuels Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Forecourt
&
|
other
|
equipment
|
129,303
12,201
117,102
117,102
12,201
129,303
Provision for depreciation and impairment
|
11,335
11,335
-
Charge for year
156
156
-
11,491
11,491
-
117,102
710
117,812
117,102
866
117,968
3
.
Trade and other receivables
|
2016
2017
634
834
238
364
1,198
872
4
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
7,477
13,057
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2016
2017
123,161
116,073
6
.
Related party transactions
|
The company's ultimate controlling party is Mr J A Mandel.
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