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REGISTERED NUMBER: 03508723 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Oel-Held (UK) Limited

Oel-Held (UK) Limited (Registered number: 03508723)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oel-Held (UK) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: PJ Mangan
P A Storr
M M Storr
C Hayter
Mrs L Jones





SECRETARY: Mrs S Hayter





REGISTERED OFFICE: Unit 16 Colomendy Business Park
Rhyl Road
Denbigh
LL16 5TA





REGISTERED NUMBER: 03508723 (England and Wales)





ACCOUNTANTS: Geoff Cowley & Co Ltd
Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

Oel-Held (UK) Limited (Registered number: 03508723)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 557,740 548,054
Investments 5 86 -
557,826 548,054

CURRENT ASSETS
Stocks 6 585,446 488,527
Debtors 7 481,598 422,508
Cash at bank 422,491 571,957
1,489,535 1,482,992
CREDITORS
Amounts falling due within one year 8 626,101 778,889
NET CURRENT ASSETS 863,434 704,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,421,260

1,252,157

CREDITORS
Amounts falling due after more than one
year

9

(14,812

)

(24,951

)

PROVISIONS FOR LIABILITIES (2,645 ) (11,180 )
NET ASSETS 1,403,803 1,216,026

CAPITAL AND RESERVES
Called up share capital 40,100 40,100
Retained earnings 1,363,703 1,175,926
SHAREHOLDERS' FUNDS 1,403,803 1,216,026

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Oel-Held (UK) Limited (Registered number: 03508723)

Balance Sheet - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:




P A Storr - Director



PJ Mangan - Director


Oel-Held (UK) Limited (Registered number: 03508723)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Oel-Held (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Oel-Held (UK) Limited (Registered number: 03508723)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 456,923 16,324 57,162
Additions - - 1,360
Disposals - - -
At 31 December 2024 456,923 16,324 58,522
DEPRECIATION
At 1 January 2024 - 2,146 3,126
Charge for year - 854 8,156
At 31 December 2024 - 3,000 11,282
NET BOOK VALUE
At 31 December 2024 456,923 13,324 47,240
At 31 December 2023 456,923 14,178 54,036

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 62,068 2,083 594,560
Additions 28,522 - 29,882
Disposals - (1,396 ) (1,396 )
At 31 December 2024 90,590 687 623,046
DEPRECIATION
At 1 January 2024 40,746 488 46,506
Charge for year 9,591 199 18,800
At 31 December 2024 50,337 687 65,306
NET BOOK VALUE
At 31 December 2024 40,253 - 557,740
At 31 December 2023 21,322 1,595 548,054

Oel-Held (UK) Limited (Registered number: 03508723)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 86
At 31 December 2024 86
NET BOOK VALUE
At 31 December 2024 86

6. STOCKS
31.12.24 31.12.23
£    £   
Stocks 585,446 488,527

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 461,901 373,024
Other debtors 19,697 49,484
481,598 422,508

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 55,737 67,029
Taxation and social security 182,234 116,153
Other creditors 388,130 595,707
626,101 778,889

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 14,812 24,951

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,812 24,951

10. SECURED DEBTS

H.S.B.C hold a fixed and floating charges over the assets of the company as security against a mortgage to purchase the company premises.

Oel-Held (UK) Limited (Registered number: 03508723)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There were no directors' advances or credits made during the year.

12. RELATED PARTY DISCLOSURES

P.Storr and M Storr are directors of Oel-Held Gmbh of Stuttgart which holds 20,400 shares in the company.

During the year, the company carried out transactions with Oel-Held Gmbh of Stuttgart as follows:

31.12.24 31.12.23

Turnover - --
Debtors - --

Purchases 1,213,865 906,104
Creditors 129,653 408,079

13. ULTIMATE CONTROLLING PARTY

The company was under the control of Oel-Held Gmbh of Stuttgart, who owns 51% of the issued voting share capital.