REGISTERED NUMBER: 00694132 (England and Wales)

OIL INVENTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

6,411

24,170

CURRENT ASSETS

Stocks

187,886

166,679

Debtors

5

1,079,851

997,435

Cash at bank and in hand

79,989

14,622

1,347,726

1,178,736

CREDITORS

Amounts falling due within one year

6

415,083

301,393

NET CURRENT ASSETS

932,643

877,343

TOTAL ASSETS LESS CURRENT LIABILITIES

939,054

901,513

CREDITORS

Amounts falling due after more than one year

7

-

556

NET ASSETS

939,054

900,957

CAPITAL AND RESERVES

Called up share capital

10

100,000

100,000

Retained earnings

839,054

800,957

SHAREHOLDERS' FUNDS

939,054

900,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 profit or loss 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by:

Mrs S Mills - Director

1.	STATUTORY INFORMATION

Oil Inventions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00694132

Registered office:

Leamore Close

Leamore Enterprise Park

Walsall

West Midlands

WS2 7NJ

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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

Plant and machinery

-

10% on straight line

Fixtures and fittings

-

10% on straight line

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Invoice discounting facility

The company uses an invoice discounting facility to finance it's working capital requirements. The company retains the risks and rewards associated with trade receivables and accordingly such receivables are shown as Trade Debtors and the amounts due to the invoice discounting company included in other creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2025

425,439

Disposals

(34,500

)

At 31 May 2026

390,939

DEPRECIATION

At 1 June 2025

401,269

Charge for year

2,385

Eliminated on disposal

(19,126

)

At 31 May 2026

384,528

NET BOOK VALUE

At 31 May 2026

6,411

At 31 May 2025

24,170

5.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

342,841

258,300

Other debtors

26,226

28,351

369,067

286,651

Amounts falling due after more than one year:

Amounts owed by group undertakings

710,784

710,784

Aggregate amounts

1,079,851

997,435

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

10,510

Hire purchase contracts (see note 8)

-

6,667

Trade creditors

230,698

149,633

Taxation and social security

46,885

42,815

Other creditors

137,500

91,768

415,083

301,393

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 8)

-

556

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

-

6,667

Between one and five years

-

556

-

7,223

Non-cancellable

operating leases

2026

2025

£

£

Within one year

19,798

23,089

Between one and five years

19,319

54,105

39,117

77,194

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

-

7,223

Invoice discounting liability

127,125

82,984

127,125

90,207

The invoice discounting liability is secured by a fixed and floating charge over the assets of the company and a corporate guarantee from its parent company, Valzol Lubricants Limited.

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2026

2025

value:

£

£

100,000

Ordinary Shares

£1

100,000

100,000

11.	RELATED PARTY DISCLOSURES

At the reporting end date a balance of £710,784 (2025: £710,784) is owed by Valzol Lubricants Limited. This amount is interest free, unsecured and repayable on demand.

The only asset of Valzol Lubricants Limited is its 100% shareholding in Oil Inventions Limited.