REGISTERED NUMBER: NI618028 (Northern Ireland)

OIL DIRECT (NI) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Gavin Brannigan

Celina Brannigan

REGISTERED OFFICE:

98b Killyfaddy East Road

Armagh

Co. Armagh

BT60 2PQ

REGISTERED NUMBER:

NI618028 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

NON-CURRENT ASSETS

Property, plant and equipment

5

557,380

545,949

CURRENT ASSETS

Inventories

568,923

496,017

Receivables

6

201,354

163,055

Cash at bank

321,810

356,072

1,092,087

1,015,144

PAYABLES

Amounts falling due within one year

7

(730,804

)

(686,959

)

NET CURRENT ASSETS

361,283

328,185

TOTAL ASSETS LESS CURRENT LIABILITIES

918,663

874,134

PAYABLES

Amounts falling due after more than one year

8

(48,032

)

(70,664

)

PROVISIONS FOR LIABILITIES

(130,321

)

(130,321

)

NET ASSETS

740,310

673,149

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

740,210

673,049

SHAREHOLDERS' FUNDS

740,310

673,149

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 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:

Gavin Brannigan - Director

1.	STATUTORY INFORMATION

Oil Direct (NI) 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.

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

- 25% reducing balance

Fixtures & fittings

- 25% reducing balance

Motor vehicles

- 25% reducing balance

Computer equipment

- 25% straight line

Freehold property

- 0% 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.

Inventories

Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 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 13 (2025 - 14 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2025

55,294

855,429

37,825

Additions

-

148,848

-

At 31 March 2026

55,294

1,004,277

37,825

DEPRECIATION

At 1 April 2025

-

429,673

31,025

Charge for year

-

132,346

1,700

At 31 March 2026

-

562,019

32,725

NET BOOK VALUE

At 31 March 2026

55,294

442,258

5,100

At 31 March 2025

55,294

425,756

6,800

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

75,611

98,522

1,122,681

Additions

-

18,725

167,573

At 31 March 2026

75,611

117,247

1,290,254

DEPRECIATION

At 1 April 2025

49,513

66,521

576,732

Charge for year

6,525

15,571

156,142

At 31 March 2026

56,038

82,092

732,874

NET BOOK VALUE

At 31 March 2026

19,573

35,155

557,380

At 31 March 2025

26,098

32,001

545,949

6.	RECEIVABLES

2026

2025

£

£

Trade receivables

86,902

77,712

Other receivables

114,452

85,343

201,354

163,055

7.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans & overdrafts

112,364

9,932

Hire purchase contracts

23,201

26,501

Trade payables

382,000

408,587

Amounts owed to group undertakings

104,134

104,434

Taxation & social security

56,016

34,601

Other payables

53,089

102,904

730,804

686,959

8.

PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR

2026

2025

£

£

Bank loans

-

2,770

Hire purchase contracts

48,032

67,894

48,032

70,664

Hire purchase liabilities are secured against the assets to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

4

Ordinary

1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 March 2026 the amount owed by the company to the director was £45,211 (2025: £32,916).