Company No:
Contents
| DIRECTORS | Thomas David Evans (Deceased) (Resigned 29 September 2025) |
| Gillian Evans | |
| Jeremy Owen (Resigned 15 August 2025) |
| SECRETARY | Gillian Evans |
| REGISTERED OFFICE | International House 307 Cotton Exchange |
| Old Hall Street | |
| Liverpool | |
| L3 9LQ | |
| United Kingdom |
| COMPANY NUMBER | 03393270 (England and Wales) |
| CHARTERED ACCOUNTANTS | Hall Morrice LLP |
| 6 & 7 Queens Terrace | |
| Aberdeen | |
| AB10 1XL |
| BANKERS | HSBC Bank Plc |
| 95-99 Union Street | |
| Aberdeen | |
| AB11 6BD |
| SOLICITORS | Mackinnons Solicitors LLP |
| 14 Carden Place | |
| Aberdeen | |
| AB10 1UR |
The director presents this annual report on the affairs of the company and the group, together with the financial statements, for the financial year ended 30 April 2025.
PRINCIPAL ACTIVITIES
DIRECTOR
The director, who served during the financial year and to the date of this report except as noted, were as follows:
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(Resigned 29 September 2025) |
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(Resigned 15 August 2025) |
Approved by and signed by the director:
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Gillian Evans
Director |
The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”. Under company law the director must not approve the financial statements unless the director is satisfied that they give a true and fair view of the state of affairs of the company and group and of the profit or loss of the group for that financial period.
In preparing these financial statements, the director is required to:
* Select suitable accounting policies and then apply them consistently;
* Make judgements and accounting estimates that are reasonable and prudent;
* State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
* Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company and group's transactions and disclose with reasonable accuracy at any time the financial position of the company and group and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
As a member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.
It is your duty to ensure that the Group has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of the Group. You consider that the Group is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts. 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 accounts.
Chartered Accountants
Aberdeen
AB10 1XL
| 2025 | 2024 | |||
| £ | £ | |||
| Turnover |
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| Cost of sales | (
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| Gross profit |
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| Administrative expenses | (
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| Other operating income |
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| Operating profit |
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| Interest payable and similar expenses | (
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| Profit before taxation |
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| Tax on profit |
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| Profit for the financial year |
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| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Intangible assets | 4 |
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| Tangible assets | 5 |
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| 611,493 | 600,703 | |||
| Current assets | ||||
| Stocks |
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| Debtors | 7 |
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| Cash at bank and in hand |
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| 2,275,750 | 1,914,296 | |||
| Creditors: amounts falling due within one year | 8 | (
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| Net current assets | 1,403,533 | 1,244,072 | ||
| Total assets less current liabilities | 2,015,026 | 1,844,775 | ||
| Creditors: amounts falling due after more than one year | 9 | (
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| Provision for liabilities | (
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| Net assets | 1,999,065 | 1,779,967 | ||
| Capital and reserves | 10 | |||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholders' funds | 1,999,065 | 1,779,967 |
Director's responsibilities:
The financial statements of Oil Technics Holdings Limited (registered number:
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Gillian Evans
Director |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 5 |
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| Investments | 6 |
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| 669,284 | 681,732 | |||
| Current assets | ||||
| Debtors | 7 |
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| Cash at bank and in hand |
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| 880,152 | 577,706 | |||
| Creditors: amounts falling due within one year | 8 | (
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| Net current liabilities | (137,183) | (194,542) | ||
| Total assets less current liabilities | 532,101 | 487,190 | ||
| Net assets | 532,101 | 487,190 | ||
| Capital and reserves | 10 | |||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholders' funds | 532,101 | 487,190 |
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Profit and Loss Account in these financial statements. The profit of the parent company was £256,557 (2024: profit of £112,290).
Director's responsibilities:
The financial statements of Oil Technics Holdings Limited (registered number:
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Gillian Evans
Director |
| Called-up share capital | Profit and loss account | Total | |||
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| At 01 May 2023 |
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| Profit for the financial year |
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| Total comprehensive income |
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| Dividends paid on equity shares |
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| At 30 April 2024 |
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| At 01 May 2024 |
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| Profit for the financial year |
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| Total comprehensive income |
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| Dividends paid on equity shares |
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| At 30 April 2025 |
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| Called-up share capital | Profit and loss account | Total | |||
| £ | £ | £ | |||
| At 01 May 2023 |
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| Profit for the financial year |
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| Total comprehensive income |
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| Dividends paid on equity shares |
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| At 30 April 2024 |
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| At 01 May 2024 |
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| Profit for the financial year |
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| Total comprehensive income |
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| Dividends paid on equity shares |
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| At 30 April 2025 |
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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.
Oil Technics Holdings 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 group's registered office is International House 307 Cotton Exchange, Old Hall Street, Liverpool, L3 9LQ, United Kingdom.
The principal activities are set out in the Director’s Report.
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 Financial Reporting Standard 102 (FRS 102) applicable in the UK and Republic of Ireland issued by the Financial Reporting Council and the requirements of the Companies Act 2006.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
At the time of approving the financial statements, the director has assessed the group’s ability to continue as a going concern, taking into account the post–balance sheet death of one of the directors and shareholder and the succession arrangements that are in place. Having reviewed financial forecasts, cash flows and other relevant information, the director considers that the group has adequate resources to continue in operational existence for at least twelve months from the date of signing the financial statements. Thus the director has continued to adopt the going concern basis of accounting in preparing the financial statements.
The consolidated group financial statements consist of the financial statements of the parent company Oil Technics Holdings Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.
All financial statements are made up to 30 April 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the group.
All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for:
* exchange differences on transactions entered into to hedge certain foreign currency risks (see above); and
* exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the group is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Defined contribution schemes
For defined contribution schemes the amounts charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits are the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are shown as either accruals or prepayments in the Balance Sheet.
Other long-term employee benefits are measured at the present value of the benefit obligation at the reporting date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the Balance Sheet date. Timing differences are differences between the group's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
When the amount that can be deducted for tax for an asset that is recognised in a business combination is less (more) than the value at which it is recognised, a deferred tax liability (asset) is recognised for the additional tax that will be paid (avoided) in respect of that difference. Similarly, a deferred tax asset (liability) is recognised for the additional tax that will be avoided (paid) because of a difference between the value at which a liability is recognised and the amount that will be assessed for tax.
Deferred tax liabilities are recognised for timing differences arising from investments in subsidiaries and associates, except where the group is able to control the reversal of the timing difference and it is probable that it will not reverse in the foreseeable future.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply to the reversal of the timing difference. Deferred tax relating to property, plant and equipment is measured using the revaluation model and investment property is measured using the tax rates and allowances that apply to the sale of the asset.
Where items recognised in the Statement of Comprehensive Income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income.
Current tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and the group intends either to settle on a net basis or to realise the asset and settle the liability simultaneously. Deferred tax assets and liabilities are offset only if: a) the group has a legally enforceable right to set off current tax assets against current tax liabilities; and b) the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on the group and the group intends either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.
| Trademarks, patents and licences |
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| Land and buildings |
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| Plant and machinery etc. |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Non-financial assets
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
Financial assets
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
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.
Financial assets and financial liabilities are recognised when the group 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 group 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 group intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
Equity instruments
Equity instruments issued by the group are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
| Group | Group | ||
| 2025 | 2024 | ||
| Number | Number | ||
| The average monthly number of employees (including directors) was: |
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Their aggregate remuneration comprised:
| Group | Group | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Wages and salaries |
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| Social security costs |
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| Other retirement benefit costs |
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| 1,163,842 | 1,035,451 |
The company had no employees other than directors who received no compensation during the year.
| 2025 | 2024 | ||
| £ | £ | ||
| Director's emoluments |
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Group
| Trademarks, patents and licences |
Total | ||
| £ | £ | ||
| Cost | |||
| At 01 May 2024 |
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| Additions |
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| At 30 April 2025 |
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| Accumulated amortisation | |||
| At 01 May 2024 |
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| Charge for the financial year |
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| At 30 April 2025 |
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| Net book value | |||
| At 30 April 2025 |
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| At 30 April 2024 |
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The company had no intangible fixed assets at 30 April 2025 or 30 April 2024.
Group
| Land and buildings |
Plant and machinery etc. | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 01 May 2024 |
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| Additions |
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| Disposals |
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| At 30 April 2025 |
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| Accumulated depreciation | |||||
| At 01 May 2024 |
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| Charge for the financial year |
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| Disposals |
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| At 30 April 2025 |
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| Net book value | |||||
| At 30 April 2025 | 434,283 | 176,099 | 610,382 | ||
| At 30 April 2024 | 446,731 | 153,972 | 600,703 |
Company
| Land and buildings |
Total | ||
| £ | £ | ||
| Cost | |||
| At 01 May 2024 |
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| At 30 April 2025 |
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| Accumulated depreciation | |||
| At 01 May 2024 |
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| Charge for the financial year |
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| At 30 April 2025 |
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| Net book value | |||
| At 30 April 2025 | 434,283 | 434,283 | |
| At 30 April 2024 | 446,731 | 446,731 |
Company
| Investments in subsidiaries | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 01 May 2024 |
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| At 30 April 2025 |
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| Provisions for impairment | |||
| At 01 May 2024 |
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| At 30 April 2025 |
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| Carrying value at 30 April 2025 |
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| Carrying value at 30 April 2024 |
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Investments in subsidiaries
The following were subsidiary undertakings of the company:
| Name of entity | Registered office | Class of shares |
Ownership 30.04.2025 |
Ownership 30.04.2024 |
Held |
| Bio Technics Limited | England and Wales | Ordinary | 100.00% | 100.00% | Direct |
| Oil Technics (Fire Fighting Products) Limited | England and Wales | Ordinary | 100.00% | 100.00% | Direct |
| Oil Technics Limited | England and Wales | Ordinary | 100.00% | 100.00% | Direct |
| Endurocide Limited | England and Wales | Ordinary | 100.00% | 100.00% | Direct |
| Group | Group | Company | Company | ||||
| 2025 | 2024 | 2025 | 2024 | ||||
| £ | £ | £ | £ | ||||
| Trade debtors |
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| Amounts owed by group undertakings (note 12) |
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| Corporation tax |
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| Other debtors |
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| Group | Group | Company | Company | ||||
| 2025 | 2024 | 2025 | 2024 | ||||
| £ | £ | £ | £ | ||||
| Bank loans |
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| Trade creditors |
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| Amounts owed to group undertakings (note 12) |
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| Other taxation and social security |
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| Other creditors |
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| Group | Group | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans and overdrafts |
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| Other loans |
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| Bank loans | |||
| Group | Group | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Between one and two years |
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| Between two and five years |
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| After five years |
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| On demand or within one year |
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| 54,166 | 104,167 |
| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| Presented as follows: | |||
| Called-up share capital presented as equity | 470,000 | 470,000 |
The profit and loss reserve represents cumulative profits or losses, net of dividends paid and other adjustments.
Commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
| Group | Group | ||
| 2025 | 2024 | ||
| £ | £ | ||
| within one year |
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Transactions with the entity’s director (or members of its governing body)
Amounts owed by director
Key management compensation
| 2025 | 2024 | ||
| £ | £ | ||
| Key management compensation |
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The impact of the change in directorship and ownership structure has been considered as part of the group’s assessment of going concern. Management has concluded that no material uncertainty exists as a result of this event.
The group has granted security in favour of HSBC Bank Plc, which includes a fixed and floating charge over its undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, and fixed plant and machinery.
HSBC Bank Plc also holds a standard security over the factory premises at Linton Business Park, Gourdon, Scotland, which is owned by the company.
In addition, HSBC UK Bank Plc has a composite company unlimited multilateral guarantee in place, given by Oil Technics Holdings Limited, Oil Technics Limited, Oil Technics (Fire Fighting Products) Limited, and Bio Technics Limited.
Under the terms of this guarantee, each company jointly and severally guarantees all liabilities owed to HSBC UK Bank Plc by the other group companies. No liability has arisen under this guarantee at the balance sheet date.