Bosworth Fuels Limited
Statement of financial position
as at 31 August 2018
Cash at bank and in hand
5,804
3,442
Creditors: amounts falling due within one year
(22,480)
(15,409)
Net current liabilities
(9,363)
(5,183)
Total assets less current liabilities
(8,835)
(4,484)
Creditors: amounts falling due after more than one year
(25,952)
(32,124)
Net liabilities
(34,787)
(36,608)
Called up share capital
100
100
Profit and loss account
(34,887)
(36,708)
Shareholders' funds
(34,787)
(36,608)
For the year ending 31 August 2018 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 May 2019.
C Bexton
Director
Company Registration No. 03826483
Bosworth Fuels Limited
Notes to the Accounts
for the year ended 31 August 2018
Bosworth Fuels Limited is a private company, limited by shares, registered in England and Wales, registration number 03826483. The registered office is THE CORNER HOUSE, 23 MARKET STREET, CRAVEN ARMS, SHROPSHIRE, SY7 9NW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum reducing balance
Motor vehicles
25% per annum reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2017
8,097
2,722
10,819
At 31 August 2018
8,097
2,722
10,819
At 1 September 2017
7,907
2,213
10,120
Charge for the year
44
127
171
At 31 August 2018
7,951
2,340
10,291
At 31 August 2018
146
382
528
At 31 August 2017
190
509
699
Finished goods
6,521
5,750
Bosworth Fuels Limited
Notes to the Accounts
for the year ended 31 August 2018
Accrued income and prepayments
766
1,008
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
17,512
9,735
Taxes and social security
713
1,419
Other creditors
3,000
3,000
8
Creditors: amounts falling due after more than one year
2018
2017
Other creditors
25,952
32,124
9
Average number of employees
During the year the average number of employees was 1 (2017: 1).
