Oilmet Ltd in Bathgate, EH48 4EU

Description

Data updated on: 01-11-2023

Oilmet came into being in 2014 as a company enlisted under no SC477791, located at EH48 4EU Bathgate at 50 (2nd Fl). The firm has been in business for 10 years and its official status is active. The firm's Standard Industrial Classification Code is 74909, that means Other professional, scientific and technical activities not elsewhere classified. Oilmet Limited filed its latest accounts for the financial year up to 2022-05-31. The company's most recent confirmation statement was submitted on 2023-05-16.

Right now, this firm is managed by a solitary managing director: Kevin K., who was assigned to lead the company 10 years ago.

Executives who have control over the firm are as follows: Claire K. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Kevin K. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-05-31	2016-05-31	2017-05-31	2018-05-31	2019-05-31	2020-05-31	2021-05-31	2022-05-31	2023-05-31
Currency
Net Worth	1	1

Balance Sheet
Cash Bank On Hand				786 807	2 289 881	2 933 664	3 384 480	4 851 006	5 200 808
Current Assets		1	33 020	1 103 812	6 536 757	10 180 218	15 370 369	14 941 832	12 600 832
Debtors				2 508 543	4 246 876	1 018 471	11 985 889	10 009 945	7 158 448
Net Assets Liabilities		1	25 688	251 973	1 317 725	6 838 011	9 502 349	12 211 745	12 146 445
Other Debtors					197 991	7 176 288	10 101 230	8 814 147	6 627 801
Property Plant Equipment				14 686	10 840	33 554	24 949	61 067	47 949
Total Inventories								80 881
Cash Bank In Hand	1	1
Net Assets Liabilities Including Pension Asset Liability	1	1

Capital & Reserves
Shareholder Funds	1	1

Other Financial Data
Audit Fees Expenses								6 000
Version Production Software						2 022
Accrued Liabilities				99	100
Accrued Liabilities Deferred Income							3 050	1 978
Accrued Liabilities Not Expressed Within Creditors Subtotal			10 710	2 160 490
Accumulated Depreciation Impairment Property Plant Equipment				4 585	8 848	9 383	17 988	17 589	32 908
Additions Other Than Through Business Combinations Property Plant Equipment					417	37 827		72 827
Administrative Expenses							254 995	165 764
Average Number Employees During Period		1	1	1	3	3	3	3	4
Cash Cash Equivalents Cash Flow Value						2 933 664	3 384 480	4 851 006
Corporation Tax Payable							648 144	368 774	21 439
Cost Sales							9 352 057	10 981 764
Creditors			36 114	897 573	5 229 872	3 375 761	5 886 758	2 783 647	496 796
Current Tax For Period							626 195	669 191
Deferred Income				2 160 391	3 023 087		2 910 952
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences							6 213	1 294
Depreciation Expense Property Plant Equipment							8 605	12 943
Depreciation Impairment Expense Property Plant Equipment							8 605	12 943
Dividends Paid							100 000	150 000
Dividends Paid Classified As Financing Activities							-100 000	-150 000
Dividends Paid On Shares Final							100 000	150 000
Equity Securities Held						6 228 083
Finished Goods Goods For Resale								80 881
Fixed Assets			16 215	14 686	10 840	6 261 637
Further Item Interest Expense Component Total Interest Expense							21 949	-9 269
Further Item Tax Increase Decrease Component Adjusting Items							6 375
Future Minimum Lease Payments Under Non-cancellable Operating Leases				3 096	3 096		11 000	11 000	11 000
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss							-12 771	74 765
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables							-231 092	-87 211
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables							4 739 335	-1 975 944
Gain Loss In Cash Flows From Change In Inventories								80 881
Gain Loss On Disposals Property Plant Equipment								2 734
Government Grant Income							4 329
Gross Profit Loss							3 557 931	3 686 139
Income Taxes Paid Refund Classified As Operating Activities							132 566	-948 561
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation							-450 816	-1 466 526
Increase Decrease In Current Tax From Adjustment For Prior Periods							-110 617
Increase From Depreciation Charge For Year Property Plant Equipment					4 263	7 491	8 605	12 943	15 319
Interest Income On Bank Deposits							456	239
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss							456	239
Interest Paid Classified As Operating Activities							-21 949	9 269
Interest Payable Similar Charges Finance Costs							21 949	-9 269
Interest Received Classified As Investing Activities							-810	-239
Investments						6 228 083
Loans From Directors				1 722		2 026
Net Cash Generated From Operations							-439 389	-2 601 906
Net Current Assets Liabilities		1	20 183	237 287	1 306 885	6 804 460	9 483 611	12 158 185	12 104 036
Net Finance Income Costs							810	239
Operating Profit Loss							3 307 265	3 520 375
Other Creditors					854	1 282 084	2 926 719	3 794	20 485
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment						6 956		13 342
Other Disposals Property Plant Equipment						14 578		37 108
Other Interest Income							354
Other Interest Receivable Similar Income Finance Income							810	239
Other Operating Income Format1							4 329
Other Taxation Social Security Payable						1 509 094	1 995	21 659	41 230
Pension Other Post-employment Benefit Costs Other Pension Costs							81 455	1 545
Prepayments Accrued Income				2 191 538	3 427 367	948 205	3 884 722	2 597 639
Prepayments Accrued Income Not Expressed Within Current Asset Subtotal			23 277	2 191 538
Proceeds From Sales Property Plant Equipment								-26 500
Profit Loss							2 764 335	2 859 398
Profit Loss On Ordinary Activities Before Tax							3 286 126	3 529 883
Property Plant Equipment Gross Cost				19 271	19 688	42 937	42 937	78 656	80 857
Provisions For Liabilities Balance Sheet Subtotal							6 213	7 507	5 540
Purchase Property Plant Equipment								-72 827
Social Security Costs							2 204	5 146
Staff Costs Employee Benefits Expense							156 510	110 499
Taxation Including Deferred Taxation Balance Sheet Subtotal							6 213	7 507
Taxation Social Security Payable				95 529	301 711	1 502 816
Tax Expense Credit Applicable Tax Rate							624 364	670 678
Tax Increase Decrease From Effect Capital Allowances Depreciation								-504
Tax Increase Decrease From Effect Different Tax Rates On Some Earnings							1 492	311
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss							177
Tax Tax Credit On Profit Or Loss On Ordinary Activities							521 791	670 485
Total Additions Including From Business Combinations Property Plant Equipment									2 201
Total Assets Less Current Liabilities		1	36 398	2 412 463		6 838 014	9 508 562	12 219 252	12 151 985
Total Current Tax Expense Credit							515 578	669 191
Total Operating Lease Payments							5 417	14 149
Trade Creditors Trade Payables				800 322	1 904 120	582 557	2 309 898	2 387 442	413 642
Trade Debtors Trade Receivables				317 005	621 518	70 266	1 884 659	1 195 798	530 647
Turnover Revenue							12 909 988	14 667 903
Value-added Tax Payable						6 278
Wages Salaries							72 851	103 808
Company Contributions To Defined Benefit Plans Directors							40 000
Director Remuneration							11 851	11 850
Director Remuneration Benefits Including Payments To Third Parties							51 851	11 850
Number Shares Allotted	1	1
Par Value Share	1	1
Share Capital Allotted Called Up Paid	1	1

Company staff

Kevin K.

Role: Director

Appointed: 16 May 2014

Latest update: 29 December 2023

People with significant control

Claire K.

Notified on 12 September 2017

Nature of control:

1/2 or less of voting rights

right to manage directors

1/2 or less of shares

Kevin K.

Notified on 16 May 2017

Nature of control:

1/2 or less of voting rights

right to manage directors

1/2 or less of shares

Accounts Documents

Account next due date	29 February 2024
Account last made up date	31 May 2022
Confirmation statement next due date	30 May 2024
Confirmation statement last made up date	16 May 2023

Annual Accounts 31 May 2015
Start Date For Period Covered By Report	2014-05-16
End Date For Period Covered By Report	2015-05-31
Date Approval Accounts	31 May 2015
Annual Accounts 17 February 2017
Start Date For Period Covered By Report	2015-06-01
End Date For Period Covered By Report	2016-05-31
Date Approval Accounts	17 February 2017
Annual Accounts
Start Date For Period Covered By Report	1 June 2017
End Date For Period Covered By Report	31 May 2018
Annual Accounts
Start Date For Period Covered By Report	1 June 2018
End Date For Period Covered By Report	31 May 2019
Annual Accounts
Start Date For Period Covered By Report	1 June 2019
End Date For Period Covered By Report	31 May 2020
Annual Accounts
Start Date For Period Covered By Report	2020-06-01
End Date For Period Covered By Report	2021-05-31
Annual Accounts
Start Date For Period Covered By Report	2021-06-01
End Date For Period Covered By Report	2022-05-31
Annual Accounts
Start Date For Period Covered By Report	2022-06-01
End Date For Period Covered By Report	2023-05-31
Annual Accounts
End Date For Period Covered By Report	31 May 2017

Oilmet Ltd

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Kevin K.

Lygm Manufacturing Ltd

Lygm Manufacturing Ltd

People with significant control

Claire K.

Kevin K.

Accounts Documents

Company filings

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