Fuel Service Ltd 09914485 false true 2015-12-14 2016-12-31 2016-12-31 09914485 2015-12-14 2016-12-31 09914485 2016-12-31 09914485 uk-bus:OrdinaryShareClass1 uk-bus:CumulativeRedeemableShares 2016-12-31 09914485 uk-bus:Director2 2015-12-14 2016-12-31 09914485 uk-bus:OrdinaryShareClass1 uk-bus:CumulativeRedeemableShares 2015-12-14 2016-12-31 09914485 uk-bus:EntityAccountantsOrAuditors 2015-12-14 2016-12-31 09914485 uk-gaap:ComputerEquipment 2015-12-14 2016-12-31 09914485 2015-12-13 iso4217:GBP xbrli:shares

Registration number: 09914485

Fuel Service Ltd

Unaudited Abbreviated Accounts

for the Period from 14 December 2015 to 31 December 2016

 

Moffatt & Co
Progress House
396 Wilmslow Road
Withington
Manchester
M20 3BN

 

Fuel Service Ltd
(Registration number: 09914485)
Abbreviated Balance Sheet at 31 December 2016

   

Note

   

31 December 2016
£

 

Fixed assets

 

       

Tangible fixed assets

 

   

2,025

 

Current assets

 

       

Debtors

 

   

15

 

Cash at bank and in hand

 

   

494

 
   

   

509

 

Creditors: Amounts falling due within one year

 

   

(30,705)

 

Net current liabilities

 

   

(30,196)

 

Total assets less current liabilities

 

   

(28,171)

 

Provisions for liabilities

 

   

(405)

 

Net liabilities

 

   

(28,576)

 

Capital and reserves

 

       

Called up share capital

 

3

   

100

 

Profit and loss account

 

   

(28,676)

 

Shareholders' deficit

 

   

(28,576)

 

For the year ending 31 December 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 12 September 2017 and signed on its behalf by:

.........................................
Mr Niall Mark El-Assaad
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Fuel Service Ltd
Notes to the Abbreviated Accounts for the Period from 14 December 2015 to 31 December 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Computer Equipment

33% per cent reducing balance method

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

 

Tangible assets
£

   

Total
£

 

Cost

 

   

 

Additions

 

3,022

   

3,022

 

At 31 December 2016

 

3,022

   

3,022

 

Depreciation

 

   

 

Charge for the period

 

997

   

997

 

At 31 December 2016

 

997

   

997

 

Net book value

 

   

 

At 31 December 2016

 

2,025

   

2,025

 
 

Fuel Service Ltd
Notes to the Abbreviated Accounts for the Period from 14 December 2015 to 31 December 2016
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

31 December 2016

   

No.

   

£

 

Ordinary Shares of £1 each

 

100

   

100

 
             

New shares allotted

During the period 100 Ordinary Share having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100 . Subscriber.