REGISTERED NUMBER: 06534504 (England and Wales)

Unaudited Financial Statements

for the Period 1 March 2024 to 31 March 2025

for

TOPSPOT SERVICES (MARSKE) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D S Penny

B Eastham

S Eastham

REGISTERED OFFICE:

Global House

303 Ballards Lane

London

N12 8NP

REGISTERED NUMBER:

06534504 (England and Wales)

ACCOUNTANTS:

K J Pittalis and Partners LLP

Chartered Certified Accountants

Global House

303 Ballards Lane

London

N12 8NP

FIXED ASSETS

Tangible assets

4

350,344

215,738

CURRENT ASSETS

Stocks

5

126,576

106,892

Debtors

6

349,648

56,941

Cash at bank and in hand

363,774

749,627

839,998

913,460

CREDITORS

Amounts falling due within one year

7

(562,854

)

(667,985

)

NET CURRENT ASSETS

277,144

245,475

TOTAL ASSETS LESS CURRENT LIABILITIES

627,488

461,213

CREDITORS

Amounts falling due after more than one year

8

(99,071

)

-

PROVISIONS FOR LIABILITIES

10

(20,353

)

(10,581

)

NET ASSETS

508,064

450,632

CAPITAL AND RESERVES

Called up share capital

11

4

4

Retained earnings

508,060

450,628

SHAREHOLDERS' FUNDS

508,064

450,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

D S Penny - Director

B Eastham - Director

1.	STATUTORY INFORMATION

Topspot Services (Marske) Limited is a private company, limited by shares , registered in England and Wales. 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.	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.

Turnover

Turnover represents sales of goods and services net of VAT and trade discounts. Turnover is recognised when the goods or services are provided to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

Straight line over 50 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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.

Assets obtained under hire purchase contacts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contacts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payments is charged to the profit and loss account so as to produce a constant periodic rate charge on the net obligation outstanding in each period.

Rental applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

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.

Operating lease

Rental applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 March 2024

201,101

122,802

7,894

-

331,797

Additions

-

111,707

-

86,990

198,697

At 31 March 2025

201,101

234,509

7,894

86,990

530,494

DEPRECIATION

At 1 March 2024

28,152

81,651

6,256

-

116,059

Charge for period

1,874

38,214

443

23,560

64,091

At 31 March 2025

30,026

119,865

6,699

23,560

180,150

NET BOOK VALUE

At 31 March 2025

171,075

114,644

1,195

63,430

350,344

At 29 February 2024

172,949

41,151

1,638

-

215,738

5.

STOCKS

31/3/25

29/2/24

£

£

Stocks

126,576

106,892

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

29/2/24

£

£

Trade debtors

34,657

38,273

Amounts owed by participating interests

314,991

14,991

Other debtors

-

3,677

349,648

56,941

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

29/2/24

£

£

Hire purchase contracts (see note 9)

21,011

-

Trade creditors

385,560

468,999

Amounts owed to participating interests

107,694

91,550

Taxation and social security

25,176

72,900

Other creditors

23,413

34,536

562,854

667,985

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

29/2/24

£

£

Hire purchase contracts (see note 9)

99,071

-

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/3/25

29/2/24

£

£

Net obligations repayable:

Within one year

21,011

-

Between one and five years

99,071

-

120,082

-

HP contracts are secured against Porsche Panamera Sport Turismo (MV) and Refit equipment and MARSK - Solar PV System (P&M). Net book value of the same as on balance sheet date is £104,680 (2024: Nil).

10.	PROVISIONS FOR LIABILITIES

31/3/25

29/2/24

£

£

Deferred tax

Accelerated capital allowances

20,353

10,581

Deferred

tax

£

Balance at 1 March 2024

10,581

Provided during period

9,772

Balance at 31 March 2025

20,353

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

29/2/24

value:

£

£

4

Ordinary

£1

4

4

12.	RELATED PARTY DISCLOSURES

The amount included in debtors amounts due within one year of £314,991 (£2024 - 14,991) is owed by related entity, Penny Petroleum Partnership 2 £14,991 (2024 - £14,991)and Penny Petroleum Scotland Ltd £300,000(2024 - £Nil).

The amount included in creditors amounts due within one year of £109,485 (2024: £91,550) is owed to related entity, Topspot Services (Leeming) Limited £45,000 (2024 - £45,000) and Penny Petroleum (Management) Limited £62,694 (2024 - £46,550).

Management charges of £79,144 (2024: £81,733) are paid to Penny Petroleum (Management) Limited.

All entities are under the common control of one of the directors.

Amounts due to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.