CNG Fuels Ltd - Accounts to registrar (filleted) - small 18.2
CNG Fuels Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| FOR |
| CNG FUELS LTD |
| CNG FUELS LTD (REGISTERED NUMBER: 09274291) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| CNG FUELS LTD |
| COMPANY INFORMATION |
| for the Year Ended 31 March 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Bank Gallery |
| High Street |
| Kenilworth |
| Warwickshire |
| CV8 1LY |
| CNG FUELS LTD (REGISTERED NUMBER: 09274291) |
| BALANCE SHEET |
| 31 March 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps 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 Sections 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. |
| CNG FUELS LTD (REGISTERED NUMBER: 09274291) |
| BALANCE SHEET - continued |
| 31 March 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| CNG FUELS LTD (REGISTERED NUMBER: 09274291) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2019 |
| 1. | STATUTORY INFORMATION |
| Cng Fuels Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except |
| to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| CNG FUELS LTD (REGISTERED NUMBER: 09274291) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2018 |
| Additions |
| At 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| CNG FUELS LTD (REGISTERED NUMBER: 09274291) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2019 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as |
| follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2018 |
| Additions |
| Reclassification/transfer | 198,699 |
| At 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| Reclassification/transfer |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2018 |
| Additions |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: Virginia House, 56 Warwick Road, Solihull, England, B92 7HX |
| Nature of business: |
| % |
| Class of shares: | holding |
| CNG FUELS LTD (REGISTERED NUMBER: 09274291) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2019 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Registered office: Virginia House, 56 Warwick Road, Solihull, England, B92 7HX |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Virginia House, 56 Warwick Road, Solihull, England, B92 7HX |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Virginia House, 56 Warwick Road, Solihull, England, B92 7HX |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Virginia House, 56 Warwick Road, Solihull, England, B92 7HX |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Virginia House, 56 Warwick Road, Solihull, England, B92 7HX |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Virginia House, 56 Warwick Road, Solihull, England, B92 7HX |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Virginia House, 56 Warwick Road, Solihull, England, B92 7HX |
| Nature of business: |
| % |
| Class of shares: | holding |
| CNG FUELS LTD (REGISTERED NUMBER: 09274291) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2019 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Registered office: Virginia House, 56 Warwick Road, Solihull, England, B92 7HX |
| Nature of business: |
| % |
| Class of shares: | holding |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts owed by associates |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts and finance leases |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| At 31 March 2019 other creditors included £1,466,317 for share capital and share premium that had been paid |
| for by investors, but the share capital hadn't been issued. |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts and finance leases |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts and finance leases | 357,354 | 247,392 |
| 10. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of the exemption conferred by Section 1A of FRS102 and has not disclosed |
| transactions with group undertakings. |
| CNG FUELS LTD (REGISTERED NUMBER: 09274291) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2019 |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |