REGISTERED NUMBER: 00936857 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

United Kingdom Lubricants Association

Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W Bewsey

N R Bottom

H G Dowding

D B Frogson

A J Goddard

D G Hopkinson

D J Wright

H Oosting

P Booth

K J Duncan

S Lear

M A Barker

J D Milton

D P Wright

D Cooper

Ms S Adamski

Mrs A Waller

REGISTERED OFFICE:

UKLA House

13 Chess Business Park

Moor Road

Chesham

Buckinghamshire

HP5 1SD

REGISTERED NUMBER:

00936857 (England and Wales)

ACCOUNTANTS:

Danton Partners

7 Merlin Courtyard

Gatehouse Close

Aylesbury

Buckinghamshire

HP19 8DP

FIXED ASSETS

Tangible assets

4

337,279

342,506

Investments

5

100

100

337,379

342,606

CURRENT ASSETS

Debtors

6

79,189

63,734

Investments

7

100

100

Cash at bank

610,707

640,966

689,996

704,800

CREDITORS

Amounts falling due within one year

8

70,911

67,960

NET CURRENT ASSETS

619,085

636,840

TOTAL ASSETS LESS CURRENT LIABILITIES

956,464

979,446

CREDITORS

Amounts falling due after more than one year

9

162,191

168,485

NET ASSETS

794,273

810,961

RESERVES

Other reserves

11

111,060

111,907

Income and expenditure account

11

683,213

699,054

794,273

810,961

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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

M W Bewsey - Director

1.	STATUTORY INFORMATION

United Kingdom Lubricants Association Ltd is a private company, limited by guarantee , 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.

Improvements to property

-

10% on cost

Computer equipment

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Computer

property

property

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

326,606

50,329

12,510

389,445

DEPRECIATION

At 1 January 2024

-

35,231

11,708

46,939

Charge for year

-

5,033

194

5,227

At 31 December 2024

-

40,264

11,902

52,166

NET BOOK VALUE

At 31 December 2024

326,606

10,065

608

337,279

At 31 December 2023

326,606

15,098

802

342,506

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

56,362

47,832

Accrued income

-

4,750

Prepayments

22,827

11,152

79,189

63,734

7.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Listed investments

100

100

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 10)

15,083

15,083

Trade creditors

13,848

9,345

Tax

778

565

Social security and other taxes

15,053

15,867

VAT

1,241

959

Other creditors

4,079

4,089

Accruals and deferred income

20,829

22,052

70,911

67,960

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 10)

162,191

168,485

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr

101,859

108,153

10.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loans

15,083

15,083

Amounts falling due between two and five years:

Bank loans

60,332

60,332

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr

101,859

108,153

11.

RESERVES

Income

and

expenditure

Other

account

reserves

Totals

£

£

£

At 1 January 2024

699,054

111,907

810,961

Deficit for the year

(16,688

)

-

(16,688

)

Metalworking fund

847

(847

)

-

At 31 December 2024

683,213

111,060

794,273

12.	RELATED PARTY DISCLOSURES

During the year, the company provided services to its wholly-owned subsidiary, the Verification of Lubricant Specifications (UK) Ltd (VLS), totalling £19,683 (2023 : £21,010).

The amount owed to the company from VLS at the year end amounted to £24,612 (2023 : £25,212).

13.	METALWORKING PRODUCT STEWARDSHIP FUND PRIOR PERIOD ADJUSTMENTS

A prior year adjustment has been made to other reserves to reflect the effect of cross charges made from the United Kingdom Lubricants Association Ltd to the Metalworking Fluid Product Stewardship Group fund.

Notes as per account

Notes as restated

31.12.24

31.12.23

31.12.24

31.12.24

£

£

£

£

Subscriptions from participating members

26,364

23,302

26,364

23,302

Administrative expenses

-20,811

-15,842

-20,811

-15,842

(Deficit)/Surplus on ordinary activities

5,553

7,460

5,553

7,460

Retained surplus brought forward

105,507

98,047

105,507

98,047

Retained surplus carried forward

111,060

105,507

111,060

105,507

14.	PRIOR YEAR ADJUSTMENTS TO RESERVES

A prior year adjustment has been made to other reserves to reflect the effect of cross charges made from the United Kingdom Lubricants Association Ltd to the Metalworking Fluid Product Stewardship Group fund.

Notes as per accounts

Notes as restated

Income and expenditure account

Other reserves

Totals

Income and expenditure account

Other reserves

Totals

£

£

£

£

£

£

At 1 January 2024

699,054

111,907

810,961

705,454

105,507

810,961

Surplus/(deficit)

-16,688

-16,688

-16,688

-16,688

Metalworking fund

847

-847

-

-5,553

5,553

-

At 31 December 2024

683,213

111,060

794,213

683,213

111,060

794,273

Adjusting figures in Note 15 £

Difference in opening balance (understated on accounts) - 6,400

Surplus for the year 5,553

Adjustment to income and expenditure account -847

from other reserves