REGISTERED NUMBER: NI610356 (Northern Ireland)

OIL DIRECT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr John Brannigan

Mrs Colleen Brannigan

REGISTERED OFFICE:

10 Circular Road

Dromore

Co. Down

BT25 1AL

REGISTERED NUMBER:

NI610356 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

NON-CURRENT ASSETS

Intangible assets

5

-

-

Property, plant and equipment

6

311,534

335,211

311,534

335,211

CURRENT ASSETS

Receivables

7

441,461

385,264

Cash at bank

340,499

299,233

781,960

684,497

PAYABLES

Amounts falling due within one year

8

(528,843

)

(434,210

)

NET CURRENT ASSETS

253,117

250,287

TOTAL ASSETS LESS CURRENT LIABILITIES

564,651

585,498

PAYABLES

Amounts falling due after more than one year

9

-

(3,333

)

PROVISIONS FOR LIABILITIES

(43,431

)

(43,431

)

NET ASSETS

521,220

538,734

CAPITAL AND RESERVES

Called up share capital

10

4

4

Retained earnings

521,216

538,730

SHAREHOLDERS' FUNDS

521,220

538,734

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the Company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by:

Mr John Brannigan - Director

1.	STATUTORY INFORMATION

Oil Direct Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The Financial Statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain non-current assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Property, plant and equipment

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant & machinery

- 15% straight line

Fixtures & fittings

- 25% reducing balance

Computer equipment

- 25% straight line

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits

for the year and is calculated using the tax rates and laws that have been enacted or substantially

enacted at the Statement of Financial Position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Property, plant and equipment held under leasing and hire purchase arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.

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 the Income Statement in the period to which they relate.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Government grants

Capital grants received and receivable are treated as deferred income and amortised to the Income Statement annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Income Statement when received.

Share capital

Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 6 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2025

and 28 February 2026

300,000

AMORTISATION

At 1 March 2025

and 28 February 2026

300,000

NET BOOK VALUE

At 28 February 2026

-

At 28 February 2025

-

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2025

665,092

16,009

833

681,934

Additions

80,119

9,000

-

89,119

At 28 February 2026

745,211

25,009

833

771,053

DEPRECIATION

At 1 March 2025

334,241

11,650

832

346,723

Charge for year

111,558

1,238

-

112,796

At 28 February 2026

445,799

12,888

832

459,519

NET BOOK VALUE

At 28 February 2026

299,412

12,121

1

311,534

At 28 February 2025

330,851

4,359

1

335,211

7.	RECEIVABLES

2026

2025

£

£

Trade receivables

298,083

251,487

Amounts owed by group undertakings

124,624

124,324

Other receivables

18,754

9,453

441,461

385,264

8.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans & overdrafts

3,333

10,000

Trade payables

347,273

222,447

Taxation & social security

18,296

41,654

Other payables

159,941

160,109

528,843

434,210

9.

PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR

2026

2025

£

£

Bank loans

-

3,333

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

4

Ordinary

1

4

4

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 28 February 2026 the amount owed to the directors by the company was £29,841. (2025: £30,000).