Registered number
03138535
Tank Farm Services Limited
Filleted Accounts
30 June 2025

Tank Farm Services Limited
Registered number: | 03138535
Balance Sheet
as at 30 June 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Intangible assets | 3 |  |  | 11,309 |  |  | 26,528
Tangible assets | 4 |  |  | 1,047,637 |  |  | 1,036,605
|  |  |  | 1,058,946 |  |  | 1,063,133
Current assets
Stocks |  |  | 19,128 |  |  | 23,259
Debtors | 5 |  | 149,099 |  |  | 70,439
Cash at bank and in hand |  |  | 812,438 |  |  | 911,835
|  |  | 980,665 |  |  | 1,005,533
Creditors: amounts falling due within one year | 6 |  | (247,323) |  |  | (358,899)
Net current assets |  |  |  | 733,342 |  |  | 646,634
Total assets less current liabilities |  |  |  | 1,792,288 |  |  | 1,709,767
Provisions for liabilities |  |  |  | (114,997) |  |  | (138,702)
Net assets |  |  |  | 1,677,291 |  |  | 1,571,065
Capital and reserves
Called up share capital |  |  |  | 69 |  |  | 69
Capital redemption reserve |  |  |  | 32 |  |  | 32
Profit and loss account |  |  |  | 1,677,190 |  |  | 1,570,964
Shareholders' funds |  |  |  | 1,677,291 |  |  | 1,571,065
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Tooley
Director
Approved by the board on 25 March 2026

Tank Farm Services Limited
Notes to the Accounts
for the year ended 30 June 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
| Intangible fixed assets
| Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold and leasehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Freehold buildings | Not depreciated
| Leasehold land and buildings | Not depreciated
| Plant and machinery | 15% on reducing balance
| Computer equipment | 25% on costs
| Fixtures, fittings and equipment | 15% on reducing balance
| Motor vehicles | 25% on reducing balance
| The policy of not depreciating land and buildings does not comply with current accounting standards. However, an impairment review is undertaken each year, and in the opinion of the directors, the current value of land and buildings is not less than their original cost at which they are included in the financial statements.
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
| Research and development
| Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 10 |  | 10
3 | Intangible fixed assets | £
| Development costs
| Cost
| At 1 July 2024 | 404,109
| At 30 June 2025 | 404,109
| Amortisation
| At 1 July 2024 | 377,581
| Provided during the year | 15,219
| At 30 June 2025 | 392,800
| Net book value
| At 30 June 2025 | 11,309
| At 30 June 2024 | 26,528
4 | Tangible fixed assets
|  | Land and buildings |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £ | £
| Cost
| At 1 July 2024 | 488,257 |  | 1,891,032 |  | 161,787 |  | 2,541,076
| Additions | - |  | 14,672 |  | 116,996 |  | 131,668
| Disposals | - |  | (3,365) |  | - |  | (3,365)
| At 30 June 2025 | 488,257 |  | 1,902,339 |  | 278,783 |  | 2,669,379
| Depreciation
| At 1 July 2024 | - |  | 1,395,123 |  | 109,348 |  | 1,504,471
| Charge for the year | - |  | 77,233 |  | 42,358 |  | 119,591
| On disposals | - |  | (2,320) |  | - |  | (2,320)
| At 30 June 2025 | - |  | 1,470,036 |  | 151,706 |  | 1,621,742
| Net book value
| At 30 June 2025 | 488,257 |  | 432,303 |  | 127,077 |  | 1,047,637
| At 30 June 2024 | 488,257 |  | 495,909 |  | 52,439 |  | 1,036,605
| Land and buildings includes freehold of £428,692 (2024 - £428,692) and leasehold of £59,565 (2024 - £59,565).
5 | Debtors | 2025 |  | 2024
£ | £
| Trade debtors | 106,395 |  | 32,083
| Other debtors | 42,704 |  | 38,356
|  |  |  |  |  | 149,099 |  | 70,439
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 63,852 |  | 63,447
| Corporation tax | 95,120 |  | 134,334
| Other taxation and social security costs | 46,190 |  | 54,748
| Other creditors | 42,161 |  | 106,370
|  |  |  |  |  | 247,323 |  | 358,899
7 | Controlling party
| The company has no controlling party.
8 | Other information
| Tank Farm Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
| Alpha House
| Belgrave Road
| Bulwell
| Nottingham
| NG6 8HN

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