Tankerford Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Tankerford Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05912098 . The registered office is 1 Park Lane, Cheam, Sutton, SM3 8BN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Revenue Recognition

The company generate revenue from the sale of fuel, lottery, pay point and commissions earned from the shop sales via commission operators excluding VAT and trade discounts. Revenue & commissions are recognised when the control of product has been transferred at reflected amount of the consideration that entity expect to be entitled in exchange for fulfilling its obligations to its customers.

Rent is recognised on accrual basis in the period in which the rent can be contractually recovered from the tenants/commission operators is is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

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Tankerford Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% Straight Line
Plant & Machinery	20 % Reducing Balance Basis
Motor Vehicles	20 % Reducing Balance Basis
Fixtures & Fittings	20 % Reducing Basis
Computer Equipment	20 % Reducing Basis

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Tankerford Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 August 2024	800,000

As at 31 July 2025	800,000

Amortisation
As at 1 August 2024	560,000
Provided during the period	80,000

As at 31 July 2025	640,000

Net Book Value
As at 31 July 2025	160,000

As at 1 August 2024	240,000

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Tankerford Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 August 2024	13,690,916	791,965	37,447	1,547,111	16,067,439
Additions	6,764,472	87,462	42,016	6,400	6,900,350
Disposals	(1,330,986 )	(69,141 )	-	(165,836 )	(1,565,963 )

As at 31 July 2025	19,124,402	810,286	79,463	1,387,675	21,401,826

Depreciation
As at 1 August 2024	479,317	332,903	7,489	1,052,717	1,872,426
Provided during the period	141,952	98,242	14,395	80,659	335,248
Disposals	(32,828 )	(13,828 )	-	(68,336 )	(114,992 )

As at 31 July 2025	588,441	417,317	21,884	1,065,040	2,092,682

Net Book Value
As at 31 July 2025	18,535,961	392,969	57,579	322,635	19,309,144

As at 1 August 2024	13,211,599	459,062	29,958	494,394	14,195,013

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 August 2024	525,300
Additions	379,200
Disposals	(904,500 )

As at 31 July 2025	-

Provision
As at 1 August 2024	-

As at 31 July 2025	-

Net Book Value
As at 31 July 2025	-

As at 1 August 2024	525,300

Investment shown above is purchaes of shares of Lye Service Ltd.

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Tankerford Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Stocks

	2025	2024
	£	£
Stock Fuel	171,859	65,669

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	478,656	51,531
Amounts owed by participating interests	2,198,813	2,280,200
Other debtors	170,661	9,033

	2,848,130	2,340,764
Due after more than one year
Other debtors	18,500	18,500

	2,866,630	2,359,264

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	720,099	38,115
Bank loans and overdrafts	504,694	793,737
Other creditors	525,997	578,534
Taxation and social security	144,987	111,191

	1,895,777	1,521,577

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	8,776,736	6,657,920
Amounts owed to participating interests	6,358,684	3,761,092
Other creditors	10,000	20,000

	15,145,420	10,439,012

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

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Tankerford Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

12. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	40,000	-

13. Related Party Transactions

The following transactions took place between the company and its related parties during the year.

At the year end, other creditor shown falling due for more than 1 year £5,773,017 (2024-£2,915,124 is amount owed to Fresh & Local Forecourts Limited. Fresh & Local Forecourts Ltd is a company owned by the director and his family members.

At the year end, other debtors amount shown £2,198,813 (2024-£1,500,000) is owed by TFIM Holding Ltd. Mr & Mrs Nanthakumar are the directors and 100% shareholders in the company.

At the year end the company owed £500,000 (2023 – £500,000) to Mr Karunathiy. Mr Karunathiy is close family relative of both Mr & Mrs Nanthakumar.

At the year end, the company owed £585,667 (2023 £845,968) to Ironmoor Ltd. Ironmoor Ltd is a company owned by the director.

Amount owed to director during the period is shown in Note 29.

14. Exceptional Items

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		160,000		240,000
Tangible Assets	5		19,309,144		14,195,013
Investments	6		-		525,300

			19,469,144		14,960,313
CURRENT ASSETS
Stocks	7	171,859		65,669
Debtors	8	2,866,630		2,359,264
Cash at bank and in hand		1,220,589		750

		4,259,078		2,425,683
Creditors: Amounts Falling Due Within One Year	9	(1,895,777 )		(1,521,577 )

NET CURRENT ASSETS (LIABILITIES)			2,363,301		904,106

TOTAL ASSETS LESS CURRENT LIABILITIES			21,832,445		15,864,419

Creditors: Amounts Falling Due After More Than One Year	10		(15,145,420 )		(10,439,012 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(153,088 )		(219,126 )

NET ASSETS			6,533,937		5,206,281

CAPITAL AND RESERVES
Called up share capital	11		1,000		1,000
Profit and Loss Account			6,532,937		5,205,281

SHAREHOLDERS' FUNDS			6,533,937		5,206,281