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REGISTERED NUMBER: NI618028 (Northern Ireland)















OIL DIRECT (NI) LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025






OIL DIRECT (NI) LIMITED (REGISTERED NUMBER: NI618028)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


OIL DIRECT (NI) LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Gavin Brannigan
Celina Brannigan





REGISTERED OFFICE: 98b Killyfaddy East Road
Armagh
Co. Armagh
BT60 2PQ





REGISTERED NUMBER: NI618028 (Northern Ireland)





ACCOUNTANTS: Cooper Parry Advisory Limited
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Oil Direct (NI) Limited

The following reproduces the text of the report prepared for the directors in respect of the Company's annual unaudited financial statements. In accordance with the Companies Act 2006, the Company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the Company for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position as at 31 March 2025 your duty to ensure that the Company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the Company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Cooper Parry Advisory Limited
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP


31 July 2025

OIL DIRECT (NI) LIMITED (REGISTERED NUMBER: NI618028)

Statement of Financial Position
31 MARCH 2025

2025 2024
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 545,949 552,588

CURRENT ASSETS
Inventories 496,017 118,715
Receivables 6 163,055 142,066
Cash at bank 356,072 267,980
1,015,144 528,761
PAYABLES
Amounts falling due within one year 7 (686,959 ) (434,542 )
NET CURRENT ASSETS 328,185 94,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

874,134

646,807

PAYABLES
Amounts falling due after more than
one year

8

(70,664

)

(96,618

)

PROVISIONS FOR LIABILITIES (130,321 ) (130,321 )
NET ASSETS 673,149 419,868

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 673,049 419,768
SHAREHOLDERS' FUNDS 673,149 419,868

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

OIL DIRECT (NI) LIMITED (REGISTERED NUMBER: NI618028)

Statement of Financial Position - continued
31 MARCH 2025


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 31 July 2025 and were signed on its behalf by:





Gavin Brannigan - Director


OIL DIRECT (NI) LIMITED (REGISTERED NUMBER: NI618028)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Oil Direct (NI) Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The Financial Statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain non-current assets.

The accounting policies detailed below have been applied consistently throughout the year..

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant & machinery- 25% reducing balance
Fixtures & fittings- 25% reducing balance
Motor vehicles- 25% reducing balance
Computer equipment- 25% straight line
Freehold property- 0% straight line

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

OIL DIRECT (NI) LIMITED (REGISTERED NUMBER: NI618028)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Property, plant and equipment held under leasing and hire purchase arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.

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 income statement in the period to which they relate.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Income Statement annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Income Statement when received.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 15 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
COST
At 1 April 2024 31,295 752,641 37,825
Additions 23,999 102,788 -
At 31 March 2025 55,294 855,429 37,825
DEPRECIATION
At 1 April 2024 - 310,241 28,759
Charge for year - 119,432 2,266
At 31 March 2025 - 429,673 31,025
NET BOOK VALUE
At 31 March 2025 55,294 425,756 6,800
At 31 March 2024 31,295 442,400 9,066

OIL DIRECT (NI) LIMITED (REGISTERED NUMBER: NI618028)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2024 75,611 93,585 990,957
Additions - 4,937 131,724
At 31 March 2025 75,611 98,522 1,122,681
DEPRECIATION
At 1 April 2024 40,821 58,548 438,369
Charge for year 8,692 7,973 138,363
At 31 March 2025 49,513 66,521 576,732
NET BOOK VALUE
At 31 March 2025 26,098 32,001 545,949
At 31 March 2024 34,790 35,037 552,588

6. RECEIVABLES
2025 2024
£ £
Trade receivables 77,712 51,462
Amounts owed by associates - 9,795
Other receivables 85,343 80,809
163,055 142,066

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans & overdrafts 9,932 9,686
Hire purchase contracts 26,501 26,026
Trade payables 408,587 311,965
Amounts owed to group undertakings 104,434 -
Taxation & social security 34,601 1,846
Other payables 102,904 85,019
686,959 434,542

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2025 2024
£ £
Bank loans 2,770 12,947
Hire purchase contracts 67,894 83,671
70,664 96,618

Hire purchase liabilities are secured against the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
4 Ordinary 1 100 100

OIL DIRECT (NI) LIMITED (REGISTERED NUMBER: NI618028)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 March 2025 the amount owed by the company to the director was £32,916. (2024: £15,031 was owed by the director to the company).