Emsworth Service Station Limited 31/03/2025 iXBRL

Company registration number: 07438736

Emsworth Service Station Limited

Financial statements

31 March 2025

Emsworth Service Station Limited

Contents

Directors and other information

Strategic report

Director's report

Independent auditor's report to the member

Statement of income and retained earnings

Statement of financial position

Statement of cash flows

Notes to the financial statements

Emsworth Service Station Limited

Directors and other information


	Director	Mr S Muresh


	Secretary	Mr S Muresh


	Company number	07438736


	Registered office	797 Harrow Road
		Sudbury Town
		Wembley
		HA0 2LP


	Business address	21-25 Havent Road
		Emsworth
		Hampshire
		PO10 7JD


	Auditor	RMR Partnership LLP
		Vyman House
		104 College Road
		Harrow
		HA1 1BQ


	Accountants	Accountancy Solutions
		797 Harrow Road
		Sudbury Town
		Wembley
		HA0 2LP




	Bankers	Barclays Bank
		Acorn House
		36-38 Park Royal Road
		London
		NW10 7UH

Emsworth Service Station Limited

Strategic report

Period ended 31 March 2025

Principal Activity and Business Review

The principal activity of the company continues to be that of operating petrol service stations with convenience stores.

The performance of the company, the state of affairs at the balance sheet date and the future prospects are considered to be satisfactory. The company's turnover for the year declined by 5.58% to £20,679,096 (2024: £21,901,926). Gross profit margin for the year increased to 11.75% (2024: 10.04%). Capital investment of £286,769 (2024: £124,692) was incurred on refurbishment and updating new and existing properties and equipment. The administrative expenses increased by 14.81%, due to expansion, inflation and growth. The decline in turnover was due to disruptions caused by refurbishment of petrol stations. At the Balance sheet date the net assets of the company increased to £1,527,246 (2024: £829,005).

The director reviews the business strategy on an ongoing basis to address the key business risks and to secure the company's business. This will ensure steady growth over the subsequent financial years.

Future developments

The company continually reviews its strategy and business models to sustain and improve profitability and growth. This is achieved by refining the business model to enhance customer care, profit margins,and resource efficiency. The company strives to improve the offering in each branch by maintaining good relationship with the key suppliers. Company's strategy includes identifying opportunities to acquire new businesses or to acquire land to build new petrol stations.

Principal Risk and Uncertainties

The principal risks and uncertainties facing the company are environmental risks, general economic conditions and increased competition. The environmental risk facing the company is general hydro carbon pollution associated with the petroleum forecourts. The director has taken steps to minimise this risk by employing external environmental specialist to continuously monitor and report such risks. The company also regularly maintains the fuel storage and dispensing equipment to very high standards to mitigate risks.

The company operates in challenging conditions due to increased competition from supermarkets, weak economic condition, Inflationary pressure and increased price of fuel and cost of the goods sold. The company addresses these risks by negotiating better prices with its fuel suppliers, sourcing products competitively from

wholesalers, obtaining bulk buying discounts, and regularly reviewing selling prices and margins.

Financial risk management objectives and policies

The company is exposed to financial risks arising from its normal business activities. Company's policies on financial risk management are implemented by its director. The main risks and the companies approach to dealing with these risks is as follows:

Price risk

The price risk is the potential exposure of the company to the volatility in wholesale oil prices. The company manages this risk by negotiating a volume based supply agreement with fixed margins and closely monitoring the wholesale oil prices before placing purchase orders.

Credit risk

Credit risk is the potential exposure of the company to loss in the event of non-performance by a counterpart. The company is not exposed to credit risk.

Liquidity risk

Liquidity risk is the risk that insufficient working capital will be generated by the company's business activities and in this event suitable sources of funding may not be available. The company mitigates this risk by exercising effective credit management and negotiating favourable terms with its suppliers.

Cash flow risk

The company relies on its internally generated reserves to finance day-to-day operations and on bank borrowing to fund business expansion when needed. Short term cash flow need is monitored on a daily and weekly basis to ensure commitments are met on a timely basis. Longer term cash flow risk is mitigated by strategically negotiating competitive interest rate at fixed margins, with banks.

Key performance indicators ("KPIs")

The director uses financial and non-financial performance indicators to monitor and control performance of the company and to manage the risks. These indicators are regularly reviewed to ensure that they remain appropriate and relevant to monitor the challenges, complexities and improvements in the business.

An analysis using KPIs for an understanding of the development, performance and position of the business has been prepared. Due to commercial sensitivity these are not disclosed in the accounts. In any event the director is of the opinion that underlying financial statements would enable key financial KPI's to be evaluated.

An indication of key performance indicators used by the director is as follows:

- Gross profit margins of fuel and shop sales for each branch compared to expectations set by the director

- Fuel volume and shop sales monitored against expectations

- Regular qualitative assessment reports prepared by external specialist are used to monitor the quality of the service offered at each branch

This report was approved by the board of directors on 23 December 2025 and signed on behalf of the board by:

Mr S Muresh

Director

Emsworth Service Station Limited

Director's report

Period ended 31 March 2025

The director presents his report and the financial statements of the company for the period ended 31 March 2025.

Incorporation

Emsworth Service Station Limited is a company limited by shares, incorporated in England and Wales. Its registered office is 797, Harrow Road, Sudbury Town, Wembley HA0 2LP.

Director

The director who served the company during the period was as follows:

Mr S Muresh

Dividends

Details of dividends are set out in the note 12 to the financial statement

Events after the end of the reporting period

Particulars of events after the reporting period are detailed in note 24 to the financial statements.

Disclosure of information in the strategic report.

Director s required to prepare "Strategic report" under section 414a of Companies Act 2006 (Strategic Report and Directors Report) Regulations 2013. Under this law directors have prepared the strategic report for the company. The directors have chosen to present the business review, future development and the principal risk and uncertainties in the strategic report.

Director's responsibilities statement

The director is responsible for preparing the strategic report, director's report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial period. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

RMR Partnership LLP were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

This report was approved by the board of directors on 23 December 2025 and signed on behalf of the board by:

Mr S Muresh

Director

Emsworth Service Station Limited

Independent auditor's report to the member of

Emsworth Service Station Limited

Period ended 31 March 2025

Opinion

We have audited the financial statements of Emsworth Service Station Limited (the 'company') for the period ended 31 March 2025 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the period then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other Matter

In the previous accounting period, the director of the company took advantage of audit exemption under s.477 of the Companies Act 2006. Therefore, the prior period financial statements were not subject to audit.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The director is responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the director's report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the director's report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the director's report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and the returns; or - certain disclosures of director's remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the director's responsibilities statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected, and alleged fraud; and

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;

- tested journal entries to identify unusual transactions

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation; and

- enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in the audit procedures described above; any instance of noncompliance with laws and regulations and fraud which is far removed from transactions reflected in the financial statements would diminish the likelihood of detection. Furthermore, the risk of not detecting a material misstatement due to fraud is greater than the risk of not detecting one resulting from error. Fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through an act of collusion that would mitigate internal controls.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's member, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's member those matters we are required to state to him in an auditors report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's member as a body, for our audit work, for this report, or for the opinions we have formed.

Mahendra Pattni (Senior Statutory Auditor)

For and on behalf of

RMR Partnership LLP

Chartered Accountants and Statutory Auditors

Vyman House

104 College Road

Harrow

HA1 1BQ

23 December 2025

Emsworth Service Station Limited

Statement of income and retained earnings

Period ended 31 March 2025

Unaudited

31/03/25 31/03/24

Note £ £

Turnover 4 20,679,096 21,901,926

Cost of sales ( 18,249,846 ) ( 19,703,792 )

_______ | _______ |

Gross profit 2,429,250 2,198,134

Administrative expenses ( 1,091,908 ) ( 951,026 )

Other operating income 5 54,127 88,934

_______ | _______ |

Operating profit 6 1,391,469 1,336,042

Other interest receivable and similar income 9 3,485 15,229

Interest payable and similar expenses 10 ( 338,849 ) ( 278,736 )

Profit before taxation 1,056,105 1,072,535

Tax on profit 11 ( 237,764 ) ( 263,183 )

_______ | _______ |

Profit for the financial period and total comprehensive income 818,341 809,352

_______ | _______ |

Dividends declared and paid or payable during the period 12 ( 120,000 ) -

Retained earnings at the start of the period 828,905 19,553

_______ | _______ |

Retained earnings at the end of the period 1,527,246 828,905

_______ | _______ |

All the activities of the company are from continuing operations.

Emsworth Service Station Limited

Statement of financial position

31 March 2025

Unaudited

		31/03/25		31/03/24
	Note	£	£	£	£

Fixed assets
Intangible assets	13	-		-
Tangible assets	14	1,852,379		1,708,681
		_______		_______
			1,852,379		1,708,681

Current assets
Stocks	15	447,730		341,105
Debtors	16	4,423,399		3,184,478
Cash at bank and in hand		476,485		108,774
		_______		_______
		5,347,614		3,634,357
Creditors: amounts falling due
within one year	17	( 1,278,937)		( 1,359,400)
		_______		_______
Net current assets			4,068,677		2,274,957
			_______		_______
Total assets less current liabilities			5,921,056		3,983,638

Creditors: amounts falling due
after more than one year	18		( 4,393,710)		( 3,154,633)
			_______		_______
Net assets			1,527,346		829,005
			_______		_______

Capital and reserves
Called up share capital	21		100		100
Profit and loss account			1,527,246		828,905
			_______		_______
Shareholder funds			1,527,346		829,005
			_______		_______

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr S Muresh

Director

Company registration number: 07438736

Emsworth Service Station Limited

Statement of cash flows

Period ended 31 March 2025

Unaudited

31/03/25 31/03/24

£ £

Cash flows from operating activities

Profit for the financial period 818,341 809,352

Adjustments for:

Depreciation of tangible assets 143,071 107,895

Other interest receivable and similar income ( 3,485 ) ( 15,229 )

Interest payable and similar expenses 338,849 278,736

Tax on profit 237,764 263,183

Accrued expenses/(income) 21,542 719

Changes in:

Stocks ( 106,625 ) ( 9,588 )

Trade and other debtors ( 1,238,921 ) ( 1,121,201 )

Trade and other creditors ( 131,472 ) 309,441

_______ | _______ |

Cash generated from operations 79,064 623,308

Interest paid ( 338,849 ) ( 278,736 )

Interest received 3,485 15,229

Tax paid ( 263,183 ) ( 342,800 )

_______ | _______ |

Net cash (used in)/from operating activities ( 519,483 ) 17,001

_______ | _______ |

Cash flows from investing activities

Purchase of tangible assets ( 286,769 ) ( 124,692 )

_______ | _______ |

Net cash used in investing activities ( 286,769 ) ( 124,692 )

_______ | _______ |

Cash flows from financing activities

Proceeds from borrowings 1,301,456 ( 579,999 )

Payment of finance lease liabilities ( 7,493 ) 30,981

Equity dividends paid ( 120,000 ) -

_______ | _______ |

Net cash from/(used in) financing activities 1,173,963 ( 549,018 )

_______ | _______ |

Net increase/(decrease) in cash and cash equivalents 367,711 ( 656,709 )

Cash and cash equivalents at beginning of period 108,774 765,483

_______ | _______ |

Cash and cash equivalents at end of period 476,485 108,774

_______ | _______ |

Emsworth Service Station Limited

Notes to the financial statements

Period ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 797 Harrow Road, Sudbury Town, Wembley, HA0 2LP.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, rounded to nearest £, which is the functional currency of the entity.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. Significant judgements,estimation or assumptions that have had to be made by management in preparing these financial statements is as follows:

Depreciation and residual values

The directors have reviewed the asset lives and associated residual values of all fixed asset classes, and have concluded that asset lives and residual values are appropriate

The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the assets and projected disposal values.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	2 %	straight line
Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	15 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Hire purchase and finance leases

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

Unaudited

31/03/25 31/03/24

£ £

Sale of goods 20,679,096 21,901,926

_______ | _______ |

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Other operating income

Unaudited

31/03/25 31/03/24

£ £

Rental income 48,000 48,381

Commission receivable 6,127 40,553

_______ | _______ |

54,127 88,934

_______ | _______ |

6. Operating profit

Operating profit is stated after charging/(crediting):

Unaudited

31/03/25 31/03/24

£ £

Depreciation of tangible assets 143,071 107,894

Operating lease rentals 23,744 27,250

Fees payable for the audit of the financial statements 11,250 -

_______ | _______ |

7. Staff costs

The average number of persons employed by the company during the period, including the director, amounted to:

Unaudited

31/03/25 31/03/24

Managers 3 2

Retail assistance 5 6

_______ | _______ |

8 8

_______ | _______ |

The aggregate payroll costs incurred during the period were:

Unaudited

31/03/25 31/03/24

£ £

Wages and salaries 480,903 473,718

Social security costs 53,753 55,061

Other pension costs 73,659 82,203

_______ | _______ |

608,315 610,982

_______ | _______ |

8. Directors remuneration

The director's aggregate remuneration in respect of qualifying services was:

Unaudited

31/03/25 31/03/24

£ £

Remuneration 175,000 250,000

Company contributions to pension schemes in respect of qualifying services 10,000 -

_______ | _______ |

185,000 250,000

_______ | _______ |

The number of directors who accrued benefits under company pension plans was as follows:

Unaudited

31/03/25 31/03/24

Number Number

Defined contribution plans 1 1

_______ | _______ |

9. Other interest receivable and similar income

Unaudited

31/03/25 31/03/24

£ £

Other interest receivable and similar income 3,485 15,229

_______ | _______ |

10. Interest payable and similar expenses

Unaudited

31/03/25 31/03/24

£ £

Bank loans and overdrafts 328,828 254,575

Other loans made to the company:

Finance leases and hire purchase contracts 2,415 1,961

Other interest payable and similar expenses 7,606 22,200

_______ | _______ |

338,849 278,736

_______ | _______ |

11. Tax on profit

Major components of tax expense

Unaudited

31/03/25 31/03/24

£ £

Current tax:

UK current tax expense 237,764 263,183

_______ | _______ |

Tax on profit 237,764 263,183

_______ | _______ |

Reconciliation of tax expense

The tax assessed on the profit for the period is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25.00 % (2024: 25.00%).

Unaudited

31/03/25 31/03/24

£ £

Profit before taxation 1,056,105 1,072,535

_______ | _______ |

Profit multiplied by rate of tax 264,026 268,134

Effect of capital allowances and depreciation ( 26,262 ) ( 4,951 )

_______ | _______ |

Tax on profit 237,764 263,183

_______ | _______ |

12. Dividends

Equity dividends

Unaudited

31/03/25 31/03/24

£ £

Dividends paid during the period (excluding those for which a liability existed at the end of the prior period) 120,000 -

_______ | _______ |

13. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	545,000	545,000
	_______	_______
Amortisation
At 1 April 2024 and 31 March 2025	545,000	545,000
	_______	_______
Carrying amount
At 31 March 2025	-	-
	_______	_______

At 31 March 2024	-	-
	_______	_______

14. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	1,572,032	127,688	294,598	111,175	2,105,493
Additions	41,150	-	245,619	-	286,769
	_______	_______	_______	_______	_______
At 31 March 2025	1,613,182	127,688	540,217	111,175	2,392,262
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	92,710	72,949	199,358	31,795	396,812
Charge for the year	32,264	13,685	85,215	11,907	143,071
	_______	_______	_______	_______	_______
At 31 March 2025	124,974	86,634	284,573	43,702	539,883
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	1,488,208	41,054	255,644	67,473	1,852,379
	_______	_______	_______	_______	_______

At 31 March 2024	1,479,322	54,739	95,240	79,380	1,708,681
	_______	_______	_______	_______	_______

15. Stocks

Unaudited

	31/03/25	31/03/24
	£	£
Finished goods and goods for resale	447,730	341,105
	_______	_______

16. Debtors

Unaudited

	31/03/25	31/03/24
	£	£
Trade debtors	88,051	301,572
Prepayments and accrued income	15,412	14,868
Other debtors	4,319,936	2,868,038
	_______	_______
	4,423,399	3,184,478
	_______	_______

The other debtors include inter-company loans as described in the related party note to the accounts.

17. Creditors: amounts falling due within one year

Unaudited

	31/03/25	31/03/24
	£	£
Bank loans and overdrafts	229,499	182,754
Trade creditors	656,700	808,871
Accruals and deferred income	22,261	719
Corporation tax	237,764	263,183
Social security and other taxes	111,991	86,784
Obligations under finance leases	8,175	7,493
Director loan accounts	11,201	3,742
Other creditors	1,346	5,854
	_______	_______
	1,278,937	1,359,400
	_______	_______

18. Creditors: amounts falling due after more than one year

Unaudited

	31/03/25	31/03/24
	£	£
Bank loans and overdrafts	4,378,397	3,131,145
Obligations under finance leases	15,313	23,488
	_______	_______
	4,393,710	3,154,633
	_______	_______

The bank loan is secured by way of a legal charge over freehold properties, a debenture over all assets of the company and a personal guarantee from Mr S Muresh . The bank loan is for a term of 5 years with the amortisation period of fifteen years from draw down. The bank interest is 2.4% - 2.92% over bank's base rate.

19. Obligations under finance leases

Company lessee

The total future minimum lease payments under finance lease agreements are as follows:

Unaudited

	31/03/25	31/03/24
	£	£
Not later than 1 year	8,175	7,493
Later than 1 year and not later than 5 years	15,313	23,488
	_______	_______
	23,488	30,981
	_______	_______
Present value of minimum lease payments	23,488	30,981
	_______	_______

20. Employee benefits

The amount recognised in profit or loss in relation to defined contribution plans was £ 73,659 (2024: £ 82,203 ).

21. Called up share capital

Issued, called up and fully paid

	31/03/25		31/03/24
	No	£	No	£
Ordinary shares shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

Each "Ordinary Share" is entitled to full voting, dividend and capital distribution rights includingdistributions arising on winding up of the company.

22. Analysis of changes in net debt

	At 1 April 2024	Cash flows	At 31 March 2025
	£	£	£
Cash and cash equivalents	108,774	367,711	476,485
Debt due within one year	(193,989)	(54,886)	(248,875)
Debt due after one year	(3,154,633)	(1,239,077)	(4,393,710)
	_______	_______	_______
	( 3,239,848)	( 926,252)	( 4,166,100)
	_______	_______	_______

23. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:

Unaudited


	£	£

Not later than 1 year	22,344	20,400
Later than 1 year and not later than 5 years	59,501	76,500
	_______	_______
	81,845	96,900
	_______	_______

24. Events after the end of the reporting period

Company acquired two leasehold petrol stations after the reporting date, in June 2025 and in July 2025. The total cost of purchase and refurbishing these two new petrol stations is expected to be £0.5million. The company borrowed £1 million in May 2025, to fund these new capital investments.

25. Directors advances, credits and guarantees

During the period the director entered into the following advances and credits with the company:

	Balance brought forward	Advances /(credits) to the director	Balance o/standing
	£	£	£
Mr S Muresh	( 3,742)	( 7,459)	( 11,201)
	_______	_______	_______

	Balance brought forward	Advances /(credits) to the director	Balance o/standing
	£	£	£
Mr S Muresh	( 423,917)	420,175	( 3,742)
	_______	_______	_______

26. Related party transactions

During the period the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
		Unaudited		Unaudited
	31/03/25	31/03/24	31/03/25	31/03/24
	£	£	£	£
Emswathty Ltd	( 103,992)	488,000	1,009,917	1,113,909
Deansbrook Garage Ltd	1,679,259	843,405	3,282,159	1,602,900
Muresh Family Trust	( 139,515)	( 188,771)	11,714	151,229
Emswathty Properties Ltd	400	-	400	-
	_______	_______	_______	_______

27. Controlling party

Mr S Muresh controls the entire issued share capital of the company.