E L Oils Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11657111

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		65,689		110,159

			65,689		110,159
CURRENT ASSETS
Stocks	5	87,188		120,104
Debtors	6	1,121,508		1,062,508
Cash at bank and in hand		1,837,062		1,665,927

		3,045,758		2,848,539
Creditors: Amounts Falling Due Within One Year	7	(1,181,965 )		(1,110,500 )

NET CURRENT ASSETS (LIABILITIES)			1,863,793		1,738,039

TOTAL ASSETS LESS CURRENT LIABILITIES			1,929,482		1,848,198

Creditors: Amounts Falling Due After More Than One Year	8		-		(35,977 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(16,422 )		(27,540 )

NET ASSETS			1,913,060		1,784,681

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			1,912,960		1,784,581

SHAREHOLDERS' FUNDS			1,913,060		1,784,681

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E L Oils Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D Arthur

Director

13 August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

E L Oils Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11657111 . The registered office is Halso, Wood End Lane, Fradley, Lichfield, Staffordshire, WS13 8NG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line
Motor Vehicles	25% straight line

2.4. Leasing and Hire Purchase Contracts

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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E L Oils Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 53 (2024: 119)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 December 2024	380,896	152,634	533,530
Additions	-	39,995	39,995

As at 30 November 2025	380,896	192,629	573,525

Depreciation
As at 1 December 2024	302,363	121,008	423,371
Provided during the period	50,304	34,161	84,465

As at 30 November 2025	352,667	155,169	507,836

Net Book Value
As at 30 November 2025	28,229	37,460	65,689

As at 1 December 2024	78,533	31,626	110,159

5. Stocks

	2025	2024
	£	£
Stock	87,188	120,104

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	547,190	461,550
Other debtors	574,318	600,958

	1,121,508	1,062,508

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E L Oils Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	35,977	11,723
Trade creditors	122,965	117,938
Other creditors	711,963	619,621
Taxation and social security	311,060	361,218

	1,181,965	1,110,500

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	35,977

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	35,977	11,723
Later than one year and not later than five years	-	35,977

	35,977	47,700

	35,977	47,700

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end the directors loan accounts for E Osborn-Wilkes & D Arthur were overdrawn by £80,595 & £235,171 respectively.

12. Ultimate Controlling Party

The company is controlled by its directors and shareholders.

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