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REGISTERED NUMBER: 05259171 (England and Wales)












VALZOL LUBRICANTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






VALZOL LUBRICANTS LIMITED (REGISTERED NUMBER: 05259171)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


VALZOL LUBRICANTS LIMITED (REGISTERED NUMBER: 05259171)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 710,944 710,944

CREDITORS
Amounts falling due within one year 5 710,844 710,844
NET CURRENT LIABILITIES (710,844 ) (710,844 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

100

CAPITAL AND RESERVES
Called up share capital 75 75
Capital redemption reserve 25 25
SHAREHOLDERS' FUNDS 100 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 19 February 2025 and were signed on its behalf by:





Mr C J Westley - Director


VALZOL LUBRICANTS LIMITED (REGISTERED NUMBER: 05259171)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Valzol Lubricants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05259171

Registered office: Leamore Close
Leamore Enterprise Park
Walsall
West Midlands
WS2 7NJ

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Preparation of consolidated financial statements
The financial statements contain information about Valzol Lubricants Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 710,944
NET BOOK VALUE
At 31 May 2024 710,944
At 31 May 2023 710,944

The investment represents the company's 100% ordinary shareholding in its subsidiary, Oil Inventions Limited, a company incorporated in England. The principal activity of the company is the manufacturing and sale of oil and chemical products for industrial purposes.The accounts of Oil Inventions Limited at 31 May 2024 show a loss for the year of £9,945 and capital and reserves of £928,791.

VALZOL LUBRICANTS LIMITED (REGISTERED NUMBER: 05259171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 710,784 710,784
Other creditors 60 60
710,844 710,844

6. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

The company has given a guarantee in respect of the invoice discounting agreement entered into by its subsidiary, Oil Inventions Limited. At 31 May 2024 the balance outstanding amounted to £38,900 (31 May 2023: £91,998).

7. RELATED PARTY DISCLOSURES

At 31 May 2024 £710,784 (2023: £710,784) is due to the subsidiary company Oil Inventions Limited. The amount due is interest free, unsecured and repayable on demand.