Registration number: 11118287

D & F Oil UK Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

D & F Oil UK Limited

(Registration number: 11118287)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	3,757	3,850
Current assets
Stocks	5	198,375	141,587
Debtors	6	92,563	104,908
Cash at bank and in hand		130,887	75,949
		421,825	322,444
Creditors: Amounts falling due within one year	7	(406,099)	(294,359)
Net current assets		15,726	28,085
Total assets less current liabilities		19,483	31,935
Creditors: Amounts falling due after more than one year	7	(1,472)	(3,005)
Provisions for liabilities		(940)	(963)
Net assets		17,071	27,967
Capital and reserves
Called up share capital		100	100
Retained earnings		16,971	27,867
Shareholders' funds		17,071	27,967

D & F Oil UK Limited

(Registration number: 11118287)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 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.

Approved and authorised by the Board on 25 September 2025 and signed on its behalf by:
 

......................................... Mr Devinder Singh Saprai Director

......................................... Mr Francis Acharya Director

D & F Oil UK Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
75 Scott Street
Tipton
DY4 7AF
United Kingdom

These financial statements were authorised for issue by the Board on 25 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.

Going concern

The accounts have been prepared on a going concern basis.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

D & F Oil UK Limited

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

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.

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, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

D & F Oil UK Limited

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

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 35 (2023 - 36).

4	Tangible assets

	Furniture, fittings and equipment  £	Plant & Machinery £	Total £
Cost or valuation
At 1 January 2024	9,303	4,067	13,370
Additions	1,160	-	1,160
At 31 December 2024	10,463	4,067	14,530
Depreciation
At 1 January 2024	6,332	3,188	9,520
Charge for the year	1,033	220	1,253
At 31 December 2024	7,365	3,408	10,773
Carrying amount
At 31 December 2024	3,098	659	3,757
At 31 December 2023	2,971	879	3,850

D & F Oil UK Limited

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

5

Stocks

	2024 £	2023 £
Finished goods and goods for resale	198,375	141,587

6

Debtors

Current	2024 £	2023 £
Other debtors	92,563	104,908
	92,563	104,908

D & F Oil UK Limited

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	3,532	5,530
Trade creditors		165,222	91,512
Taxation and social security		72,115	70,311
Accruals and deferred income		1,162	1,162
Other creditors		164,068	125,844
		406,099	294,359

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	1,472	3,005

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	1,472	3,005

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	3,532	5,530

D & F Oil UK Limited

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

9	Related party transactions

Transactions with directors

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Mr Devinder Singh Saprai
	11,703	29,228	(27,800)	13,131
Mr Francis Acharya
	12,000	21,982	(50,149)	(16,167)

2023	At 1 January 2023 £	Advances to director £	Repayments by director £	At 31 December 2023 £
Mr Devinder Singh Saprai
	(17,226)	43,495	(14,565)	11,703
Mr Francis Acharya
	(19,307)	186,860	(155,553)	12,000