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Oilfast Limited MOTHERWELL

Oilfast started in year 2013 as Private Limited Company with registration number SC453328. The Oilfast company has been functioning successfully for eleven years now and its status is active. The firm's office is based in Motherwell at Fuel Depot. Postal code: ML1 3TF. Since January 13, 2022 Oilfast Limited is no longer carrying the name Oilfast Holdings.

The company has 8 directors, namely Ronald M., Jonathan S. and Charles L. and others. Of them, Campbell B., Alan T. have been with the company the longest, being appointed on 27 June 2013 and Ronald M. has been with the company for the least time - from 1 February 2024. As of 27 April 2024, there were 4 ex directors - William N., Duncan R. and others listed below. There were no ex secretaries.

This company operates within the ML1 3TF postal code. The company is dealing with transport and has been registered as such. Its registration number is OG2004175 . It is located at Fast House, Unit 5 Grange Mill Industrial Estate, Usk with a total of 4 cars.

Oilfast Limited Address / Contact

Office Address Fuel Depot
Office Address2 Nethan Street
Town Motherwell
Post code ML1 3TF
Country of origin United Kingdom

Company Information / Profile

Registration Number SC453328
Date of Incorporation Thu, 27th Jun 2013
Industry Maintenance and repair of motor vehicles
Industry Wholesale of other fuels and related products
End of financial Year 30th June
Company age 11 years old
Account next due date Sun, 31st Mar 2024 (27 days after)
Account last made up date Thu, 30th Jun 2022
Next confirmation statement due date Thu, 15th Aug 2024 (2024-08-15)
Last confirmation statement dated Tue, 1st Aug 2023

Company staff

Ronald M.

Position: Director

Appointed: 01 February 2024

Jonathan S.

Position: Director

Appointed: 25 July 2023

Charles L.

Position: Director

Appointed: 20 February 2023

Anthony S.

Position: Director

Appointed: 01 May 2022

Joseph C.

Position: Director

Appointed: 12 June 2017

Stephen A.

Position: Director

Appointed: 01 October 2013

Campbell B.

Position: Director

Appointed: 27 June 2013

Alan T.

Position: Director

Appointed: 27 June 2013

William N.

Position: Director

Appointed: 30 September 2020

Resigned: 02 June 2023

Duncan R.

Position: Director

Appointed: 26 August 2013

Resigned: 30 September 2020

Elizabeth S.

Position: Director

Appointed: 26 August 2013

Resigned: 17 August 2018

Jonathan T.

Position: Director

Appointed: 02 July 2013

Resigned: 17 July 2019

People with significant control

The register of PSCs who own or have control over the company includes 4 names. As we researched, there is Susanna T. This PSC and has 25-50% shares. The second entity in the PSC register is Fiona B. This PSC owns 25-50% shares. Moving on, there is Nethan Holdings Limited, who also fulfils the Companies House requirements to be listed as a PSC. This PSC has a legal form of "a limited company", owns 25-50% shares. This PSC , owns 25-50% shares.

Susanna T.

Notified on 6 April 2016
Nature of control: 25-50% shares

Fiona B.

Notified on 6 April 2016
Nature of control: 25-50% shares

Nethan Holdings Limited

C/O Oilfast Limited Nethan Street, Motherwell, ML1 3TF, Scotland

Legal authority Scotland
Legal form Limited Company
Country registered Scotland
Place registered Scotland
Registration number Sc634664
Notified on 17 July 2019
Ceased on 3 September 2020
Nature of control: 25-50% shares

Jonathan T.

Notified on 6 April 2016
Ceased on 17 July 2019
Nature of control: 25-50% shares

Company previous names

Oilfast Holdings January 13, 2022
Oilfast December 3, 2021

Annual reports financial information

Profit & Loss
Accounts Information Date 2014-06-302017-06-302018-06-302019-06-302020-06-302021-06-302022-06-302023-06-30
Net Worth178 587       
Balance Sheet
Cash Bank On Hand 201 583577 687800 697145 133860 1441 500 9891 003 610
Current Assets3 419 2405 624 0138 101 5557 945 7526 784 23113 595 55230 196 23422 659 945
Debtors3 154 7994 921 0076 747 3296 180 8615 593 41911 176 76226 362 60219 888 473
Net Assets Liabilities 37 259216 490786 7482 048 1222 402 8914 549 6643 353 071
Other Debtors 280 633356 331426 426200 527362 059575 646570 073
Property Plant Equipment 2 599 1334 649 6325 192 9515 385 3776 056 6586 589 9367 007 691
Total Inventories 501 423776 539964 1941 045 6791 558 7452 332 6431 767 862
Cash Bank In Hand1 130       
Net Assets Liabilities Including Pension Asset Liability178 587       
Stocks Inventory263 311       
Tangible Fixed Assets1 072 923       
Reserves/Capital
Called Up Share Capital800 000       
Profit Loss Account Reserve-621 413       
Shareholder Funds178 587       
Other
Audit Fees Expenses 8 00015 19411 15011 00011 085  
Accrued Income     15 4393 353 578 
Accumulated Amortisation Impairment Intangible Assets   9 79639 59070 823102 056133 288
Accumulated Depreciation Impairment Property Plant Equipment 998 5001 408 9442 005 5052 740 6263 502 9344 046 4585 131 785
Additional Provisions Increase From New Provisions Recognised     96 555  
Additions Other Than Through Business Combinations Intangible Assets   98 97154 762   
Additions Other Than Through Business Combinations Property Plant Equipment  1 850 5021 319 7261 051 1421 542 8481 960 015 
Administrative Expenses 4 688 8696 199 5147 269 8368 882 59311 063 60614 796 712 
Amortisation Expense Intangible Assets   9 79529 79531 23331 232 
Amounts Owed By Related Parties     45 289  
Amounts Owed To Related Parties 40 00040 000     
Applicable Tax Rate 201919191919 
Average Number Employees During Period   111141166208239
Balances With Banks 199 753575 657798 667142 673857 2841 498 076 
Bank Borrowings 643 671190 66419 421    
Bank Borrowings Overdrafts -2 574 337-4 000 807-3 259 620-1 764 068-875 186-497 82122 560
Bank Overdrafts 2 574 3374 000 8073 259 6201 764 068875 186497 82122 560
Cash Cash Equivalents 201 583577 687800 697145 133860 1441 500 989 
Cash Cash Equivalents Cash Flow Value -1 660 655-2 372 754-3 423 120-2 458 923-15 042  
Cash Flows From Disposal Or Reduction In Control Over Subsidiaries Or Other Businesses      4 500 
Cash Flows Used In Acquiring Or Obtaining Control Subsidiaries Or Other Businesses Classified As Investing Activities     -59 782-100 
Cash On Hand 1 8302 0302 0302 4602 8602 913 
Comprehensive Income Expense 30 356179 231570 2581 261 374992 1122 579 5391 343 781
Comprehensive Income Expense Attributable To Owners Parent     1 037 3772 751 808 
Cost Sales 49 789 57564 011 43780 520 40879 342 840129 197 461256 386 188 
Creditors 1 111 8331 152 508808 5861 005 439719 0551 255 735749 397
Current Tax For Period     10 618130 512 
Deferred Tax Asset Debtors 291 164252 13618 139    
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period     96 555429 064 
Deferred Tax Expense Credit Relating To Changes In Tax Rates Or Laws 33 48639 028233 997249 10296 555429 062 
Depreciation Amortisation Expense 417 696617 798706 541843 390857 6591 055 972 
Depreciation Expense Property Plant Equipment 417 696617 798696 746813 595826 4261 034 379 
Disposals Decrease In Depreciation Impairment Property Plant Equipment  -191 146-99 682-78 978-64 119-481 25477 717
Disposals Property Plant Equipment  -401 161-177 047-124 078-109 259-883 303138 583
Finance Lease Liabilities Present Value Total 468 162961 844789 1651 005 439719 0551 255 735749 397
Fixed Assets 3 614 4154 649 6325 282 1265 499 5206 199 4506 701 4957 088 018
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities 329 38081 173   8 186 
Further Revenue Item Component Total Revenue 14      
Gain Loss From Revaluation Property Plant Equipment Recognised In Profit Or Loss     -1 138-111 414 
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables -1 127 267-1 813 358-1 131 7101 155 781-8 345 727-11 926 137 
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables 1 371 9181 865 350-207 199-569 3035 583 24413 754 397 
Gain Loss In Cash Flows From Change In Inventories 110 083275 116187 65581 485513 066128 316 
Gain Loss On Disposal Investments In Subsidiaries Associates Joint Ventures      4 500 
Gain Loss On Disposals Property Plant Equipment    -8 392-1 138-111 414 
Gain Loss On Financial Liabilities Fair Value Through Profit Or Loss  -77 403-19 914    
Government Grant Income    166 821180 774  
Gross Profit Loss 4 858 5896 640 4208 252 49010 369 58412 064 59118 206 335 
Income Taxes Paid Refund Classified As Operating Activities     10 61884 081 
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation -712 099-1 050 366964 197839 9881 603 8931 018 208 
Increase Decrease In Existing Provisions    230 963   
Increase From Amortisation Charge For Year Intangible Assets   9 79629 79431 23331 23331 232
Increase From Depreciation Charge For Year Property Plant Equipment  604 794696 746814 099826 4271 026 2391 163 044
Intangible Assets   89 175114 14382 91051 67720 445
Intangible Assets Gross Cost   98 971153 733153 733153 733 
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings 81 677109 057111 16794 10134 02026 987 
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts 30 47141 95752 96855 88566 49290 470 
Interest Income On Bank Deposits     59  
Interest Paid Classified As Financing Activities -112 148-151 014  -100 512-116 002 
Interest Paid Classified As Operating Activities 112 148151 014164 135149 986100 512116 002 
Interest Payable Similar Charges Finance Costs 112 148151 014164 135149 986100 512117 457 
Interest Received Classified As Investing Activities     59  
Interest Received Classified As Operating Activities     59  
Investment Property 1 015 282      
Investments Fixed Assets     59 88259 88259 882
Investments In Subsidiaries     59 88259 882 
Net Cash Flows From Used In Financing Activities 217 232-69 841  -1 134 773368 082 
Net Cash Flows From Used In Investing Activities -1 168 283-1 640 487-1 341 332-1 069 196-1 558 669-1 664 980 
Net Cash Flows From Used In Operating Activities 238 952590 1212 305 5291 909 1843 162 5622 315 106 
Net Cash Generated From Operations     4 297 2352 399 187 
Net Cash Inflow Outflow From Operations Before Movements In Working Capital 593 686987 0711 549 6592 727 1332 047 9174 355 763 
Net Current Assets Liabilities-426 655-2 465 323-3 280 634-3 686 792-2 214 996-2 749 986-155 324-2 012 062
Number Shares Issued Fully Paid 1 368 4221 368 4221 368 4221 368 422988 685862 106 
Operating Profit Loss 175 990446 676988 3041 660 4621 189 1203 428 839 
Other Creditors 48 893215 625370 222333 690870 2165 575 4434 279 937
Other Employee Expense 9 40426 57022 56214 90216 06841 826 
Other Interest Receivable Similar Income Finance Income     59  
Other Inventories 501 423776 539964 1941 045 6791 558 7451 687 061 
Other Operating Income Format1 6 2705 7705 650173 471188 13519 216 
Other Remaining Borrowings 360 00060 000   3 785 
Other Remaining Operating Income 6 2705 7705 6506 6507 36119 216 
Other Revenue     55 00015 350 
Par Value Share1 00000 
Payments Finance Lease Liabilities Classified As Financing Activities     -396 919696 583 
Payments To Redeem Own Shares     -261 402-87 186 
Pension Costs Defined Contribution Plan 21 87861 16686 508107 991138 314157 354 
Percentage Class Share Held In Subsidiary    100100100100
Prepayments 425 846533 492559 834788 9471 110 0691 668 2981 646 736
Proceeds From Issuing Shares     1  
Proceeds From Sales Property Plant Equipment  210 01577 36536 70844 002290 635 
Profit Loss 30 356179 231570 2581 261 374992 1122 343 1351 343 781
Profit Loss Attributable To Owners Parent     1 037 3772 751 808 
Profit Loss On Ordinary Activities Before Tax 63 842218 259804 2551 510 4761 088 6673 311 382 
Property Plant Equipment Gross Cost 4 612 4396 056 2807 198 9598 126 0039 559 59210 636 39412 139 476
Provisions    230 963327 518740 772973 488
Provisions For Liabilities Balance Sheet Subtotal    230 963327 518740 772973 488
Purchase Intangible Assets   -98 971-54 762   
Purchase Property Plant Equipment -1 168 283-1 850 502-1 319 726-1 051 142-1 542 848-1 960 015 
Revenue From Sale Goods 54 648 15070 651 85788 772 89889 712 424141 207 052274 577 173 
Social Security Costs 212 963252 864302 019393 324542 354774 780 
Staff Costs Employee Benefits Expense 2 378 6322 891 4053 589 7614 678 7726 026 0688 097 146 
Taxation Social Security Payable 60 59179 94790 622117 312195 668379 899 
Tax Decrease From Utilisation Tax Losses    -189 199-68 936-240 657 
Tax Decrease Increase From Effect Revenue Exempt From Taxation -4      
Tax Expense Credit Applicable Tax Rate 12 60941 469152 808286 990278 263629 163 
Tax Increase Decrease From Effect Capital Allowances Depreciation -11 605-5 946-59 454-97 791-209 327-258 038 
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss      42 
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward -1 000-35 523-93 354-169 071   
Tax Tax Credit On Profit Or Loss On Ordinary Activities 33 48639 028233 997249 10296 555497 334 
Total Assets Less Current Liabilities646 2681 149 0921 368 9981 595 3343 284 5243 449 4646 546 1715 075 956
Total Borrowings 1 111 8331 152 508808 5861 005 439719 0552 355 6451 885 819
Total Operating Lease Payments  263 756280 196316 041377 152385 734 
Trade Creditors Trade Payables 4 743 6676 370 9377 377 3756 231 43613 962 28223 845 80719 281 374
Trade Debtors Trade Receivables 3 923 3645 605 3705 176 4624 603 9459 659 24512 031 95210 632 174
Transfers From To Share Premium Increase Decrease In Equity     -375 940  
Turnover Revenue 54 648 16470 651 85788 772 89889 712 424141 262 052274 592 523 
Wages Salaries 2 134 3872 550 8053 178 6724 162 5555 329 3327 123 186 
Company Contributions To Money Purchase Plans Directors 7 71111 31010 05711 62213 01710 421 
Director Remuneration 117 725204 404236 607281 709392 883360 939 
Additional Provisions Increase From New Provisions Recognised In Profit Or Loss       232 716
Amounts Owed By Group Undertakings      12 090 4935 701 836
Corporation Tax Payable      32 401308 137
Creditors Due After One Year467 681       
Creditors Due Within One Year3 845 895       
Dividends Paid       2 572 000
Finance Lease Payments Owing Minimum Gross      652 689512 551
Future Finance Charges On Finance Leases      50 60036 631
Future Minimum Lease Payments Under Non-cancellable Operating Leases      360 985452 072
Investments In Group Undertakings      59 88259 882
Issue Equity Instruments       31 626
Merchandise      2 332 6431 767 862
Net Assets Liabilities Subsidiaries      -100-100
Number Shares Allotted800 000       
Other Taxation Social Security Payable      295 818304 079
Profit Loss Subsidiaries      -45 062893 537
Recoverable Value-added Tax      571 8591 337 654
Secured Debts559 600       
Share Capital Allotted Called Up Paid800 000       
Tangible Fixed Assets Additions1 148 685       
Tangible Fixed Assets Cost Or Valuation1 148 685       
Tangible Fixed Assets Depreciation75 762       
Tangible Fixed Assets Depreciation Charged In Period75 762       
Total Additions Including From Business Combinations Property Plant Equipment       1 641 665

Transport Operator Data

Fast House
Address Unit 5 Grange Mill Industrial Estate , Raglan
City Usk
Post code NP15 2BX
Vehicles 4

Company filings

Filing category
Accounts Address Annual return Capital Change of name Confirmation statement Incorporation Mortgage Officers Persons with significant control Resolution
On February 1, 2024 new director was appointed.
filed on: 8th, February 2024 		Free Download (2 pages)

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