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Registration number: NI010234

Plant Lubrication (N.I.) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Plant Lubrication (N.I.) Limited

(Registration number: NI010234)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 37,587 | 32,071
Current assets |  |  |
Stocks | 5 | 312,719 | 311,794
Debtors | 6 | 171,371 | 202,540
Cash at bank and in hand |  | 399,356 | 399,737
|  | 883,446 | 914,071
Creditors: Amounts falling due within one year | 7 | (152,399) | (169,265)
Net current assets |  | 731,047 | 744,806
Total assets less current liabilities |  | 768,634 | 776,877
Provisions for liabilities |  | (2,596) | (1,252)
Net assets |  | 766,038 | 775,625
Capital and reserves |  |  |
Called up share capital | 8 | 1,500 | 1,500
Capital redemption reserve |  | 500 | 500
Retained earnings |  | 764,038 | 773,625
Shareholders' funds |  | 766,038 | 775,625

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Plant Lubrication (N.I.) Limited

(Registration number: NI010234)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 2 September 2025 and signed on its behalf by:

......................................... Mr Alan McCaffrey Director
......................................... Robert McCaffrey Director

Plant Lubrication (N.I.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in N Ireland.

The address of its registered office is: 2A Glenavy Road, Ballinderry Upper, Lisburn, Co.Antrim, BT28 2EU.

These financial statements were authorised for issue by the Board on 2 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Revenue from the sale of goods is recognised at the point of delivery and customer acceptance. Revenue from the rendering of services is recognised on the completion of the service provision, at which point the Company has generated a right to consideration.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Plant Lubrication (N.I.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, on a straight line basis as follows:

Asset class | Depreciation method and rate
Motor vehicles | 20% per annum
Equipment | 20% per annum
Property Improvements | 5% per annum

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Plant Lubrication (N.I.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

Plant Lubrication (N.I.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Land and buildings £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 April 2024 | 3,210 | 168,385 | 17,665 | 189,260
Additions | - | 21,990 | - | 21,990
At 31 March 2025 | 3,210 | 190,375 | 17,665 | 211,250
Depreciation
At 1 April 2024 | 979 | 138,545 | 17,665 | 157,189
Charge for the year | 162 | 16,312 | - | 16,474
At 31 March 2025 | 1,141 | 154,857 | 17,665 | 173,663
Carrying amount
At 31 March 2025 | 2,069 | 35,518 | - | 37,587
At 31 March 2024 | 2,231 | 29,840 | - | 32,071

Included within the net book value of land and buildings above is £2,069 (2024 - £2,231) in respect of long leasehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 312,719 | 311,794

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 166,814 | 199,927
Prepayments | 3,143 | 2,613
Other debtors | 1,414 | -
| 171,371 | 202,540

Plant Lubrication (N.I.) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 139,384 | 150,532
Taxation and social security | 7,690 | 15,308
Accruals and deferred income | 4,946 | 3,046
Other creditors | 379 | 379
| 152,399 | 169,265

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
1,500 ordinary shares of £1 each | 1,500 | 1,500 | 1,500 | 1,500