Company No: 02766318 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Director

A G W King

Secretary

J A Bird

Registered office	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA
	United Kingdom

Company number

02766318 (England and Wales)

Accountant	Kreston Reeves LLP
	9 Donnington Park
	85 Birdham Road
	Chichester
	West Sussex
	PO20 7AJ

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of James Day (Lubricants) Limited for the financial year ended 31 May 2025 which comprise the Balance Sheet and the related notes 1 to 9 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that James Day (Lubricants) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of James Day (Lubricants) Limited. You consider that James Day (Lubricants) Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of James Day (Lubricants) Limited. 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 statutory financial statements.

This report is made solely to the Director of James Day (Lubricants) Limited, as a body, in accordance with the terms of our engagement letter dated 18 October 2022. Our work has been undertaken solely to prepare for your approval the financial statements of James Day (Lubricants) Limited and state those matters that we have agreed to state to the director of James Day (Lubricants) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than James Day (Lubricants) Limited and its Director as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

13 October 2025

	Note	2025		2024
		£		£
Current assets
Stocks	3	2,000		2,900
Debtors	4	18,103		3,903
Cash at bank and in hand		831		7,160
		20,934		13,963
Creditors: amounts falling due within one year	5	( 18,617)		( 8,087)
Net current assets		2,317		5,876
Total assets less current liabilities		2,317		5,876
Creditors: amounts falling due after more than one year	6	( 2,930)		0
Provision for liabilities		0		5,453
Net (liabilities)/assets		( 613)		11,329
Capital and reserves
Called-up share capital	8	20,000		30,000
Capital redemption reserve		18,750		10,000
Profit and loss account		( 39,363 )		( 28,671 )
Total shareholders' (deficit)/funds		( 613)		11,329

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

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of James Day (Lubricants) Limited (registered number: 02766318) were approved and authorised for issue by the Director on 13 October 2025. They were signed on its behalf by:

A G W King Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

James Day (Lubricants) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor 168 Shoreditch High Street, London, E1 6RA, United Kingdom. The Company's trading address is Prospect House, 16 Culimore Road, West Wittering, West Sussex, PO20 8HG.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Stocks

	2025		2024
	£		£
Stocks	2,000		2,900

4. Debtors

	2025		2024
	£		£
Trade debtors	8,472		0
Prepayments	1,953		1,903
Deferred tax asset	7,678		0
Other debtors	0		2,000
	18,103		3,903

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	5,241		4,773
Accruals	1,875		1,730
Other taxation and social security	1,101		1,584
Other creditors	10,400		0
	18,617		8,087

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Amounts owed to related parties	2,930		0

There are no amounts included above in respect of which any security has been given by the small entity.

7. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	5,453		7,294
Credited/(charged) to the Statement of Income and Retained Earnings	2,225		( 1,841)
At the end of financial year	7,678		5,453

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
20,000 Ordinary shares of £ 1.00 each (2024: 30,000 shares of £ 1.00 each)	20,000		30,000

During the year, the company repurchased 10,000 ordinary shares of £1.00 each for a total consideration of £8,750. The shares were repurchased out of capital and have been cancelled. The nominal value of the shares repurchased has been transferred to the capital redemption reserve in accordance with the Companies Act 2006.

9. Related party transactions

During the year the Company purchased goods from E.S.B. Environmental Limited amounting to £nil (2024 - £7,000). As at 31 May 2025 the Company owed £2,930 (2024 - £nil) to E.S.B. Environmental Limited. E.S.B. Environmental Limited is 100% controlled by J A Bird, who is also a shareholder of James Day (Lubricants) Limited.