G. P. Marketing Limited

	Page
Strategic Report	1
Directors' Report	2—3
Independent Auditor's Report	4—6
Statement of Comprehensive Income	7
Balance Sheet	8
Statement of Changes in Equity	9
Statement of Cash Flows	10
Notes to the Statement of Cash Flows	11
Notes to the Financial Statements	12—20

The directors present their strategic report for the year ended 31 July 2025.

Review of the Business

The company performed as expected during the year given the prevailing economic conditions. The results for the year are set out in the statement of comprehensive income and show a profit before tax of £1,556,849.

The fuel market continues to be extremely price competitive. The directors consider that the year-end financial position was satisfactory and that the company is well placed to develop its activities in the foreseeable future.

Principal Risks and Uncertainties

The directors use the key performance indicators set out below to monitor financial performance and profitability;

	2025	2024
	£	£
Revenue	42,970,394	44,731,985
Gross Profit	4,668,287	4,337,285
Profit before taxation	1,556,849	1,755,611

Financial risk management objectives and policies

The company's operations expose it to financial risks that include the effects of changes in market prices, credit risk and liquidity risk The company has in place a risk management programme to monitor its exposure to financial risk. The directors have the responsibility of monitoring financial risk and the policies set by the directors are implemented by the company's finance department.

Price Risk

The company is exposed to commodity price risk as a result of its operations. However, given the size of the company's operations, the costs of managing the exposure to commodity price risk exceed any potential benefits. The directors will revisit the appropriateness of this policy should the company's operations change in size or nature.

Credit Risk

The company has implemented policies that require appropriate credit checks on potential customers before sales are made. The amount of exposure to individual customers is subject to a limit, which is reviewed regularly by the director and the utilisation of insurance on debtor balances.

On behalf of the board

Mr G R Patterson

Director

24 April 2026

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G. P. Marketing Limited

Company No. NI028901

Directors' Report For The Year Ended 31 July 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 July 2025.

Principal Activity

The company's principal activity continues to be that of oil distribution and operating a convenience store and filling station.

Dividends

The value of dividends paid amounted to £60,000 .

The directors recommended a final dividend of £NIL .

Directors

The directors who held office during the year were as follows:

Mr G P Patterson

Mrs E S Patterson

Mr G R Patterson

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are 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 them 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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

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

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G. P. Marketing Limited

Directors' Report (continued)

For The Year Ended 31 July 2025

Independent Auditors

The auditors, KGA Accountants LLP, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr G R Patterson

Director

24 April 2026

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Independent Auditor's Report

to the Members of

G. P. Marketing Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of G. P. Marketing Limited for the year ended 31 July 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 July 2025 and of its profit/(loss) for the year 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.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' 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 entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors 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 directors are responsible for the other information contained within the annual report. 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 this gives rise to a material misstatement in the financial statements themselves. 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

G. P. Marketing Limited

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 Directors' Report.

We have nothing to report in respect of the following matters in relation to which 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 or returns; or
certain disclosures of directors' 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 Directors' Responsibilities Statement set out on page 2—3, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the company or to cease operations, or have 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework applicable to the company, focusing on those laws and regulations that have a direct effect on the financial statements, including the Companies Act 2006 and taxation legislation, together with industry-specific regulations such as RDCO requirements relating to the sale of controlled oils, and other laws and regulations such as health and safety and environmental legislation which are fundamental to the company’s operations.

We assessed the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, through enquiry of management, consideration of the control environment, and discussions within the audit team.

Our procedures in response to these risks included reviewing correspondence with HMRC and relevant regulatory authorities, performing analytical procedures to identify unusual transactions, and making enquiries of management regarding actual and potential litigation and claims.

To address the risk of fraud through management override of controls, we tested journal entries and other adjustments, assessed the reasonableness of accounting estimates for potential bias, and evaluated the business rationale of significant transactions outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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Independent Auditor's Report (continued)

to the Members of

G. P. Marketing Limited

Use Of Our Report

This report is made solely to the company's members, 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 members those matters that we are required to state to them in an auditor's 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 members as a body, for our audit work, for this report, or for the opinions we have formed.

Eunan Kerlin (Senior Statutory Auditor)

for and on behalf of KGA Accountants LLP , Statutory Auditor

24 April 2026

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G. P. Marketing Limited

Statement of Comprehensive Income

For The Year Ended 31 July 2025

Statement of Comprehensive Income

		2025	2024
	Notes	£	£
TURNOVER	3	42,970,394	44,731,985
Cost of sales		(38,302,107 )	(40,394,700 )

GROSS PROFIT		4,668,287	4,337,285

Administrative expenses		(3,534,675 )	(2,944,116 )
Other operating income		308,924	281,209

OPERATING PROFIT	5	1,442,536	1,674,378
Profit on disposal of fixed assets		112	4,895
Other interest receivable and similar income	10	240,342	185,406
Interest payable and similar charges	11	(126,141 )	(109,068 )

PROFIT BEFORE TAXATION		1,556,849	1,755,611
Tax on Profit	12	(402,186 )	(535,966 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,154,663	1,219,645
OTHER COMPREHENSIVE INCOME FOR THE YEAR		-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR		1,154,663	1,219,645

The notes on pages 11 to 20 form part of these financial statements.

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G. P. Marketing Limited

Balance Sheet

As At 31 July 2025

Balance Sheet

Registered number: NI028901

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	13		116,197		145,391
Tangible Assets	14		5,177,249		4,469,504
Investment Properties	15		85,000		-

			5,378,446		4,614,895
CURRENT ASSETS
Stocks	16	502,301		540,505
Debtors	17	3,873,785		2,815,865
Cash at bank and in hand		4,398,673		4,427,686

		8,774,759		7,784,056
Creditors: Amounts Falling Due Within One Year	18	(2,817,709 )		(2,205,647 )

NET CURRENT ASSETS (LIABILITIES)			5,957,050		5,578,409

TOTAL ASSETS LESS CURRENT LIABILITIES			11,335,496		10,193,304

Creditors: Amounts Falling Due After More Than One Year	19		(127,867 )		(130,326 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	21		(614,475 )		(564,487 )

NET ASSETS			10,593,154		9,498,491

CAPITAL AND RESERVES
Called up share capital	23		2		2
Profit and Loss Account			10,593,152		9,498,489

SHAREHOLDERS' FUNDS			10,593,154		9,498,491

The financial statements were approved by the board of directors on 24 April 2026 and were signed on its behalf by:

Mr G R Patterson

Director

The notes on pages 11 to 20 form part of these financial statements.

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G. P. Marketing Limited

Statement of Changes in Equity

For The Year Ended 31 July 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 August 2023	2	8,378,844	8,378,846
Profit for the year and total comprehensive income	-	1,219,645	1,219,645

Dividends paid	-	(100,000)	(100,000)

As at 31 July 2024 and 1 August 2024	2	9,498,489	9,498,491


Profit for the year and total comprehensive income	-	1,154,663	1,154,663

Dividends paid	-	(60,000)	(60,000)

As at 31 July 2025	2	10,593,152	10,593,154

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G. P. Marketing Limited

Statement of Cash Flows

For The Year Ended 31 July 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,736,961	503,685
Interest paid		(126,141 )	(109,068 )
Tax paid		(351,922 )	(388,885 )

Net cash generated from operating activities		1,258,898	5,732

Cash flows from investing activities
Purchase of intangible assets		-	(93,576 )
Purchase of tangible assets		(1,495,833 )	(1,076,028 )
Proceeds from disposal of tangible assets		188,750	39,000
Interest received		240,342	185,406

Net cash used in investing activities		(1,066,741 )	(945,198 )

Cash flows from financing activities
Equity dividends paid		(60,000 )	(100,000 )
Repayment of other loans		(130,328)	(127,870)
Amount introduced by directors		-	36,384
Amount withdrawn by directors		(30,842)	-

Net cash used in financing activities		(221,170 )	(191,486 )



Decrease in cash and cash equivalents		(29,013 )	(1,130,952 )
Cash and cash equivalents at beginning of year	2	4,427,686	5,558,638

Cash and cash equivalents at end of year	2	4,398,673	4,427,686

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G. P. Marketing Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 July 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	1,154,663	1,219,645
Adjustments for:
Tax on profit	402,186	535,966
Interest expense	126,141	109,068
Interest income	(240,342 )	(185,406 )
Amortisation of intangible assets	29,194	13,848
Depreciation of tangible assets	514,450	647,468
Profit on disposal of tangible assets	(112)	(4,895)
Movements in working capital:
Decrease in stocks	38,204	149,341
Increase in trade and other debtors	(1,057,920 )	(1,506,545 )
Increase/(decrease) in trade and other creditors	770,497	(474,805 )

Net cash generated from operations	1,736,961	503,685

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	4,398,673	4,427,686

3. Analysis of changes in net funds

	As at 1 August 2024	Cash flows	Fair value and foreign exchange movements	As at 31 July 2025
	£	£	£	£
Cash at bank and in hand	4,427,686	(29,013)	-	4,398,673
Debts falling due within one year	(127,869 )	127,868	1	-
Debts falling due after more than one year	(130,326)	2,459	-	(127,867)

	4,169,491	101,314	1	4,270,806

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G. P. Marketing Limited

Notes to the Financial Statements

For The Year Ended 31 July 2025

Notes to the Financial Statements

1. General Information

G. P. Marketing Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI028901 . The registered office is Building 2, The Sidings, Antrim Road, Lisburn, Co. Antrim, BT28 3AJ.

The financial statements are prepared in sterling which is the functional currency of the entity and rounded to the nearest £.

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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Significant judgements and estimations

In the application of the company’s accounting policies, management is required to make judgements, estimates and assumptions that affect the reported amounts of assets and liabilities. Actual results may differ from these estimates.

Useful economic lives of tangible fixed assets

The annual depreciation charge depends primarily on the estimated useful economic lives of the assets and residual values. Management reviews these estimates annually, taking into account factors such as expected usage, wear and tear, and technological developments. Changes in these estimates could result in material adjustments to the carrying value of assets in future periods.

Valuation of stock (slow-moving and obsolete items)

Stocks are stated at the lower of cost and net realisable value. Management applies judgement in identifying slow-moving or obsolete items and estimating their net realisable value. This assessment is based on historical sales trends, stock ageing, and current market conditions. Changes in demand or market conditions may result in adjustments to stock values in future periods.

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.

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are software development. It is amortised to profit and loss account over its estimated economic life of five years.

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% on cost
Leasehold	10% on cost
Plant & Machinery	20% on reducing balance
Motor Vehicles	20% on reducing balance

2.6. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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G. P. Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.7. Stocks and Work in Progress

Stocks are stated 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 stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

2.8. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.9. Financial Instruments

The company’s principal financial instruments comprise cash at bank, trade and other debtors, and trade and other creditors. The company’s activities expose it to a number of financial risks including credit risk, liquidity risk and interest rate risk.

Credit risk

Credit risk arises from the company’s trade debtors and other receivables. The company mitigates this risk through credit control procedures, including credit checks and ongoing monitoring of balances. The directors consider that no significant concentration of credit risk exists and that balances are recoverable.

Liquidity risk

Liquidity risk arises from the company’s management of working capital. The company maintains sufficient cash reserves and monitors cash flows regularly to ensure that it can meet its liabilities as they fall due.

Interest rate risk

The company is exposed to interest rate risk primarily in relation to cash balances and borrowings. The directors monitor interest rates and consider the exposure to be low.

2.10. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.11. 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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G. P. Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.12. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Turnover

The turnover and profit before taxation are attributable to the principal activity of the company.

An analysis of turnover by class of business is given below:

	2025	2024
	£	£
Oil Depot	39,136,049	40,859,556
Shop Sales	3,834,345	3,872,429

4. Other Operating Income

	2025	2024
	£	£
Rental income	56,600	54,450
Other operating income	252,324	226,759

	308,924	281,209

5. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Bad debts	4,831	521
Depreciation of tangible fixed assets	514,450	647,468
Amortisation of intangible fixed assets	29,194	13,848

6. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	9,000	9,500

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G. P. Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	1,597,974	1,336,721
Social security costs	102,834	141,414
Other pension costs	216,359	65,358

	1,917,167	1,543,493

8. Average Number of Employees

Average number of employees, including directors, during the year was: 49 (2024: 45)

9. Directors' remuneration

	2025	2024
	£	£
Emoluments	100,140	100,770
Company contributions to money purchase pension schemes	197,500	62,500

	297,640	163,270

Information regarding the highest paid director was as follows:

	2025	2024
	£	£
Emoluments	50,070	50,070
Company contributions to money purchase pension schemes	167,500	62,500

	217,570	112,570

10. Interest Receivable and Similar Income

	2025	2024
	£	£
Bank interest receivable	240,342	185,406

11. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	11,864	13,597
Finance Charges	96,945	95,471
Other finance charges	17,332	-

	126,141	109,068

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G. P. Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

12. Tax on Profit

	Tax Rate		2025	2024
The tax charge on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	352,198	367,536
Deferred Tax
Deferred taxation			49,988	168,430


Total tax charge for the period			402,186	535,966


The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			1,556,849	1,755,611

Tax on profit at 25% (UK standard rate)			389,212	443,820
Goodwill/depreciation not allowed for tax			7,298	-
Capital allowances			5,676	(71,366 )
Short term timing differences			-	163,512

Total tax charge for the period			402,186	535,966

13. Intangible Assets

	Other
	£
Cost
As at 1 August 2024	159,239

As at 31 July 2025	159,239

Amortisation
As at 1 August 2024	13,848
Provided during the period	29,194

As at 31 July 2025	43,042

Net Book Value
As at 31 July 2025	116,197

As at 1 August 2024	145,391

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G. P. Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

14. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£	£
Cost
As at 1 August 2024	1,634,699	1,818,802	994,321	2,572,588	7,020,410
Additions	598,888	-	53,529	758,416	1,410,833
Disposals	(85,000 )	-	(84,658 )	(131,918 )	(301,576 )

As at 31 July 2025	2,148,587	1,818,802	963,192	3,199,086	8,129,667

Depreciation
As at 1 August 2024	137,200	1,013,315	722,234	678,157	2,550,906
Provided during the period	16,671	25,276	54,411	418,092	514,450
Disposals	-	-	(54,030 )	(58,908 )	(112,938 )

As at 31 July 2025	153,871	1,038,591	722,615	1,037,341	2,952,418

Net Book Value
As at 31 July 2025	1,994,716	780,211	240,577	2,161,745	5,177,249

As at 1 August 2024	1,497,499	805,487	272,087	1,894,431	4,469,504

15. Investment Property

	2025
	£
Fair Value
As at 1 August 2024	-
Additions	85,000

As at 31 July 2025	85,000

Investment property is held at fair value, with changes in fair value recognised in profit or loss in accordance with FRS 102.

During the year, a property previously included within tangible fixed assets was transferred to investment property following a change in use. The property is now held to earn rental income.

The fair value of the investment property at 31 July 2025 is £85,000 (2024: £nil). The valuation has been determined by the directors based on their knowledge of the property and prevailing market conditions, including recent comparable market transactions for similar properties.

No independent external valuation has been obtained. The directors consider that the carrying value represents a reasonable estimate of fair value at the balance sheet date.

16. Stocks

	2025	2024
	£	£
Stock	502,301	540,505

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Page 18

G. P. Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

17. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	982,019	899,873
Other debtors	2,891,766	1,915,992

	3,873,785	2,815,865

18. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,311,086	1,502,241
Other loans	-	127,869
Other creditors	90,921	181,377
Corporation tax	369,530	369,254
Taxation and social security	24,904	17,406
Accruals and deferred income	21,268	7,500

	2,817,709	2,205,647

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

	2025	2024
	£	£
Other loans	127,867	130,326

Santander hold a fixed and floating charge over the company assets, a charge over the property at Gortrush Industrial Estate Omagh and a joint and several personal guarantee from the directors.

The company has granted security in favour of Musgrave Retail Partners NI Limited in respect of amounts due to that lender.

The security comprises fixed and floating charges over company’s assets, including:

Leasehold property situated at Ground Floor, 102 Woollough Road, Dungannon, County Tyrone

Book debts and other receivables

	2025		2024
	£		£
Other loans	127,867		-

20. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Other loans	-	127,869

	2025	2024
	£	£
Amounts falling due between one and five years:
Other loans	127,867	130,326

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Page 19

G. P. Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

21. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Accelerated capital allowances	614,475	564,487

22. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 August 2024	564,487	564,487
Additions	49,988	49,988

Balance at 31 July 2025	614,475	614,475

23. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

24. Capital Commitments

	2025	2024
	£	£
At the end of the period	220,000	-

At the end of the period, the company had capital commitments contracted for but not provided in these financial statements in respect of the purchase of motor vehicles.

25. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £216,359 (2024: £65,358).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

26. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	60,000	100,000

27. Post Balance Sheet Events

Subsequent to the year end, the company took delivery of two lorries at a total cost of £440,000. A deposit of £220,000 had been paid prior to the year end and is included within prepayments at 31 July 2025.

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G. P. Marketing Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

28. Related Party Disclosures

There have been no transactions with shareholders outside the normal course of business.

Patterson Retail Ltd

	2025	2024
	£	£
Purchases	464,777	413,721
Amount due from related party	1,666,092	624,056

Mr G R Patterson is a director and shareholder of Patterson Retail Limited.

This balance is included within other debtors and is:

Unsecured

Interest-free

Repayable on demand

The directors consider the balance to be fully recoverable and no impairment provision is required.

Patterson Haulage Limited

Mr G R Patterson is a director and shareholder of Patterson Haulage Limited.

Amount due from related party at year end: £688,269 (2024: £1,037,001)

This balance is included within other debtors and is:

Unsecured

Interest-free

Repayable on demand

The directors consider the balance to be fully recoverable and no impairment provision is required.

Page 20