Company No: 00674622 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	8,947		0
Tangible assets	4	132,639		154,080
		141,586		154,080
Current assets
Stocks		47,957		28,196
Debtors	5	255,908		282,744
Cash at bank and in hand		474,089		460,564
		777,954		771,504
Creditors: amounts falling due within one year	6	( 327,591)		( 321,195)
Net current assets		450,363		450,309
Total assets less current liabilities		591,949		604,389
Creditors: amounts falling due after more than one year	7	( 4,167)		( 14,167)
Provision for liabilities		( 20,000)		( 23,000)
Net assets		567,782		567,222
Capital and reserves
Called-up share capital	8	6,837		6,837
Capital redemption reserve		6,613		6,613
Profit and loss account		554,332		553,772
Total shareholders' funds		567,782		567,222

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.

Directors' 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 directors acknowledge 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 F.J.Emery (Oils) Limited (registered number: 00674622) were approved and authorised for issue by the Board of Directors on 28 October 2025. They were signed on its behalf by:

Mrs S Emery 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

F.J.Emery (Oils) 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 Ilbert Rd., Kingsbridge, Devon, TQ7 1EB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

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 Value Added Tax, returns, rebates and discounts.

Employee benefits

Defined contribution schemes
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.

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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	25 % reducing balance
	5 years straight line
Vehicles	25 % reducing balance

Leases

The Company as lessee
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Stocks

Stocks are stated at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		7

3. Intangible assets

	Website costs		Total
	£		£
Cost
At 01 June 2024	0		0
Additions	13,420		13,420
At 31 May 2025	13,420		13,420
Accumulated amortisation
At 01 June 2024	0		0
Charge for the financial year	4,473		4,473
At 31 May 2025	4,473		4,473
Net book value
At 31 May 2025	8,947		8,947
At 31 May 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 June 2024	65,242		257,542		380,433		703,217
Additions	0		14,022		0		14,022
At 31 May 2025	65,242		271,564		380,433		717,239
Accumulated depreciation
At 01 June 2024	34,825		243,682		270,630		549,137
Charge for the financial year	1,035		6,977		27,451		35,463
At 31 May 2025	35,860		250,659		298,081		584,600
Net book value
At 31 May 2025	29,382		20,905		82,352		132,639
At 31 May 2024	30,417		13,860		109,803		154,080

5. Debtors

	2025		2024
	£		£
Trade debtors	203,116		232,132
Prepayments	22,615		21,620
VAT recoverable	30,004		28,819
Other debtors	173		173
	255,908		282,744

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,000		10,000
Trade creditors	251,038		250,478
Taxation and social security	9,645		7,424
Other creditors	56,908		53,293
	327,591		321,195

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

	2025		2024
	£		£
Bank loans	4,167		14,167

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

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
6,837 Ordinary £1 shares of £ 1.00 each	6,837		6,837

9. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
Interest free advances to the directors	15		2,030

The directors have given a personal guarantee of £250,000 to the company's oil supplier.