Abbreviated Company Accounts - STANDARD FUEL OILS LIMITED

Abbreviated Company Accounts - STANDARD FUEL OILS LIMITED

STANDARD FUEL OILS LIMITED - Company Information

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Registered Number 07555993

STANDARD FUEL OILS LIMITED

Abbreviated Accounts

31 March 2016

STANDARD FUEL OILS LIMITED Registered Number 07555993

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 631,779 415,611
631,779 415,611
Current assets
Stocks 198,397 175,918
Debtors 2,410,343 1,906,632
Cash at bank and in hand 2,232,724 1,304,181
4,841,464 3,386,731
Creditors: amounts falling due within one year (2,841,823) (2,279,639)
Net current assets (liabilities) 1,999,641 1,107,092
Total assets less current liabilities 2,631,420 1,522,703
Creditors: amounts falling due after more than one year (339,326) (262,516)
Total net assets (liabilities) 2,292,094 1,260,187
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,291,994 1,260,087
Shareholders' funds 2,292,094 1,260,187
  • For the year ending 31 March 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 13 June 2016

And signed on their behalf by:
Mr Nick Goodwin, Director

STANDARD FUEL OILS LIMITED Registered Number 07555993

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 April 2015 525,730
Additions 361,781
Disposals -
Revaluations -
Transfers -
At 31 March 2016 887,511
Depreciation
At 1 April 2015 110,119
Charge for the year 145,613
On disposals -
At 31 March 2016 255,732
Net book values
At 31 March 2016 631,779
At 31 March 2015 415,611