REGISTERED NUMBER: 00605551 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

PARKFOOT GARAGE LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Statement of Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

13

DIRECTORS:

D C Charman

M M Whitlock

SECRETARY:

S J Sutch

REGISTERED OFFICE:

263-265 London Road

West Malling

Kent

ME19 5AE

REGISTERED NUMBER:

00605551 (England and Wales)

SENIOR STATUTORY AUDITOR:

Stuart Rosling FCCA

AUDITORS:

Ashdown Hurrey Auditors Ltd

Statutory Auditor

20 Havelock Road

Hastings

East Sussex

TN34 1BP

The directors present their strategic report for the year ended 31 January 2026.

REVIEW OF BUSINESS

The directors are pleased to report another successful year. Sales in all three departments - motor fuel, convenience store and car wash - were consistent with previous years. Lower convenience store sales during the period of the refit at the beginning of the year were more than made up for by increased sales after the refit was completed.

2026

2025

2024

Turnover

13,910,826

13,641,187

13,896,597

GP

9%

9%

9%

The refit of the main Parkfoot store at West Malling was undertaken to ensure the store continues to meet the requirements of a rapidly evolving retail environment. The directors are pleased to report that the refit is now complete, with the store trading strongly and providing an improved platform for future growth.

The company's 50:50 joint venture, Aquatec Systems Ltd, continues to experience strong car wash sales. Sales in the associated retail store are increasing, and staffing costs have been reduced. The full potential for this store will become clearer when the many residential units currently under construction in the immediate locality are occupied.

The company remains well placed at the end of the year under review.

PRINCIPAL RISKS AND OPPORTUNITIES

Fuel volumes - The transition away from internal combustion engine powered vehicles continues to present a medium to long-term challenge to the motor fuel retail industry. The directors continue to consider, however, that the strength of the company's non-fuel retail offer provides a competitive advantage that will support the motor fuel business through the lengthy transition phase.

The company's butchery and fresh food operations continue to perform well and provide further opportunities for growth. The completion of the main Parkfoot store refit during 2025 has enhanced the company's retail offering and provides a strong platform for future growth in its non-fuel sales.

FUTURE DEVELOPMENTS

Following the completion of the main Parkfoot store refit in 2025, the directors will continue to focus on maximising the benefits of the improved retail space and developing the company's non-fuel offering. This includes continued investment in the butchery, fresh food and convenience retail operations, while monitoring the changing demands of customers and the wider motor fuel retail market.

ON BEHALF OF THE BOARD:

D C Charman - Director

2 September 2026

The directors present their report with the financial statements of the company for the year ended 31 January 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of operating a motor fuel service station with a convenience store.

DIVIDENDS

The total distribution of dividends for the year ended 31 January 2026 was £246,000 (2025: £146,000).

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report.

D C Charman

M M Whitlock

Other changes in directors holding office are as follows:

N S Charman ceased to be a director after 31 January 2026 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

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

-	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.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Ashdown Hurrey Auditors Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D C Charman - Director

2 September 2026

Opinion

We have audited the financial statements of Parkfoot Garage Limited (the 'company') for the year ended 31 January 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, 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 Financial Reporting Standard 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 January 2026 and of its profit 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 Auditors' 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 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 directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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 the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have 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 Report of the Directors.

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 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 Statement of Directors' Responsibilities set out on page three, 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 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.

Auditors' 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 a Report of the Auditors 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.

During the planning stage of this audit we considered the likelihood of irregularities around laws and regulations relevant to the company, including enquiry of management and those charged with governance. These were also discussed during the audit planning meeting held by the team. We reviewed the company's systems and controls in place, and formed an assessment as to their operational effectiveness.

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and determined that the most significant are those that relate to:

- The financial reporting standard; FRS102

- Employment law

- Food safety

- Health and safety

- The Dangerous Substances and Explosive Atmospheres Regulations 2002

- Licensing Act 2003

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above.

During the course of this audit the team discussed this area with senior members of the company's staff, including

directors, and also carried out a review of legal expenses for evidence of any issues.

We considered the risk of fraud through management override and, in response, we incorporated testing of manual

journal entries into our audit approach.

We are therefore of the opinion that given the risk level identified, our procedures planned and undertaken, are adequate for detecting irregularities.

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

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 we are required to state to them in a Report of the Auditors 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.

Stuart Rosling FCCA (Senior Statutory Auditor)

for and on behalf of Ashdown Hurrey Auditors Ltd

Statutory Auditor

20 Havelock Road

Hastings

East Sussex

TN34 1BP

4 September 2026

TURNOVER

13,910,826

13,641,187

Cost of sales

(12,688,394

)

(12,401,158

)

GROSS PROFIT

1,222,432

1,240,029

Administrative expenses

(840,805

)

(689,862

)

381,627

550,167

Other operating income

4,031

4,047

OPERATING PROFIT

4

385,658

554,214

Interest receivable and similar income

2,096

16,085

387,754

570,299

Interest payable and similar expenses

5

(128,378

)

(167,047

)

PROFIT BEFORE TAXATION

259,376

403,252

Tax on profit

6

(95,943

)

(110,608

)

PROFIT FOR THE FINANCIAL YEAR

163,433

292,644

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

163,433

292,644

FIXED ASSETS

Tangible assets

8

1,956,605

1,168,871

Investments

9

488

488

1,957,093

1,169,359

CURRENT ASSETS

Stocks

10

209,726

206,038

Debtors

11

1,134,984

1,673,780

Cash at bank and in hand

368,707

307,090

1,713,417

2,186,908

CREDITORS

Amounts falling due within one year

12

819,499

506,326

NET CURRENT ASSETS

893,918

1,680,582

TOTAL ASSETS LESS CURRENT LIABILITIES

2,851,011

2,849,941

CREDITORS

Amounts falling due after more than one year

13

(1,800,850

)

(1,813,156

)

PROVISIONS FOR LIABILITIES

16

(246,386

)

(150,443

)

NET ASSETS

803,775

886,342

CAPITAL AND RESERVES

Called up share capital

17

25,000

25,000

Capital redemption reserve

18

26,270

26,270

Retained earnings

18

752,505

835,072

SHAREHOLDERS' FUNDS

803,775

886,342

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by:

D C Charman - Director

M M Whitlock - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 February 2024

25,000

688,428

26,270

739,698

Changes in equity

Dividends

-

(146,000

)

-

(146,000

)

Total comprehensive income

-

292,644

-

292,644

Balance at 31 January 2025

25,000

835,072

26,270

886,342

Changes in equity

Dividends

-

(246,000

)

-

(246,000

)

Total comprehensive income

-

163,433

-

163,433

Balance at 31 January 2026

25,000

752,505

26,270

803,775

Cash flows from operating activities

Cash generated from operations

1

1,456,828

76,802

Interest paid

(128,378

)

(167,047

)

Tax paid

(98,607

)

(148,876

)

Net cash from operating activities

1,229,843

(239,121

)

Cash flows from investing activities

Purchase of tangible fixed assets

(1,004,871

)

(179,176

)

Loan to joint venture

-

(54,354

)

Repayments from joint venture

49,335

-

Interest received

2,096

16,085

Net cash from investing activities

(953,440

)

(217,445

)

Cash flows from financing activities

New loans in year

150,000

-

Loan repayments in year

(118,786

)

(76,471

)

Equity dividends paid

(246,000

)

(146,000

)

Net cash from financing activities

(214,786

)

(222,471

)

Increase/(decrease) in cash and cash equivalents

61,617

(679,037

)

Cash and cash equivalents at beginning of year

2

307,090

986,127

Cash and cash equivalents at end of year

2

368,707

307,090

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.1.26

31.1.25

£

£

Profit before taxation

259,376

403,252

Depreciation charges

212,900

162,161

Loss on disposal of fixed assets

4,235

-

Finance costs

128,378

167,047

Finance income

(2,096

)

(16,085

)

602,793

716,375

(Increase)/decrease in stocks

(3,688

)

57,038

Decrease/(increase) in trade and other debtors

489,461

(472,670

)

Increase/(decrease) in trade and other creditors

368,262

(223,941

)

Cash generated from operations

1,456,828

76,802

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 January 2026

31.1.26

1.2.25

£

£

Cash and cash equivalents

368,707

307,090

Year ended 31 January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

307,090

986,127

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.2.25

Cash flow

At 31.1.26

£

£

£

Net cash

Cash at bank and in hand

307,090

61,617

368,707

307,090

61,617

368,707

Debt

Debts falling due within 1 year

(91,004

)

(43,519

)

(134,523

)

Debts falling due after 1 year

(1,813,156

)

12,306

(1,800,850

)

(1,904,160

)

(31,213

)

(1,935,373

)

Total

(1,597,070

)

30,404

(1,566,666

)

1.	STATUTORY INFORMATION

Parkfoot Garage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The company's statement of financial position shows net current assets of £893,917 (2025 - Net current assets: £1,680,582).

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

The Directors believe that the ability of the company to continue to operate its sales through the motor fuel service station and convenience store, will enable the company to continue its operations and settle its obligations for this period in the normal course of business.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover

Turnover represents the sale of motor fuels and convenience store items, food and beverages, excluding value added tax, recognised at the point of sale to the customer.

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance.

Revenue is recognised when the significant risks and rewards of ownership of the goods have passed to the customer, usually on transfer of goods, the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will then flow to the company.

All turnover is from the UK.

Tangible fixed assets

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

Improvements to property

- 8%, 10% on cost

Plant and machinery

- 10%, 20%, 25% on cost

Computer equipment

- 20% on cost

Motor vehicles

- 23% reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. 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 equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

31.1.26

31.1.25

£

£

Wages and salaries

1,508,206

1,326,464

Social security costs

103,714

91,216

Other pension costs

30,635

26,943

1,642,555

1,444,623

The average number of employees during the year was as follows:

31.1.26

31.1.25

Shop

28

26

Kitchen

9

7

Butchery

17

11

Management

5

5

Directors

2

2

61

51

31.1.26

31.1.25

£

£

Directors' remuneration

109,821

109,821

Directors' pension contributions to money purchase schemes

2,046

5,823

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.1.26

31.1.25

£

£

Hire of plant and machinery

4,848

4,652

Depreciation - owned assets

212,902

162,161

Loss on disposal of fixed assets

4,235

-

Auditors' remuneration

29,626

17,090

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.1.26

31.1.25

£

£

Bank loan interest

128,378

167,047

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.1.26

31.1.25

£

£

Current tax:

UK corporation tax

-

98,577

Deferred tax

95,943

12,031

Tax on profit

95,943

110,608

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.1.26

31.1.25

£

£

Profit before tax

259,376

403,252

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%)

64,844

100,813

Effects of:

Capital allowances in excess of depreciation

(64,844

)

(2,236

)

Deferred Tax - Movement

95,943

12,031

Total tax charge

95,943

110,608

7.

DIVIDENDS

31.1.26

31.1.25

£

£

Ordinary shares of £1 each

Interim paid

246,000

146,000

8.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Land

property

machinery

£

£

£

COST

At 1 February 2025

629,924

1,492,139

733,352

Additions

-

870,700

118,637

Disposals

-

(27,911

)

(180,595

)

At 31 January 2026

629,924

2,334,928

671,394

DEPRECIATION

At 1 February 2025

-

1,211,325

573,287

Charge for year

-

143,832

46,238

Eliminated on disposal

-

(23,676

)

(180,595

)

At 31 January 2026

-

1,331,481

438,930

NET BOOK VALUE

At 31 January 2026

629,924

1,003,447

232,464

At 31 January 2025

629,924

280,814

160,065

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2025

236,555

45,229

3,137,199

Additions

6,500

9,034

1,004,871

Disposals

-

(1,283

)

(209,789

)

At 31 January 2026

243,055

52,980

3,932,281

DEPRECIATION

At 1 February 2025

138,487

45,229

1,968,328

Charge for year

30,148

(7,316

)

212,902

Eliminated on disposal

-

(1,283

)

(205,554

)

At 31 January 2026

168,635

36,630

1,975,676

NET BOOK VALUE

At 31 January 2026

74,420

16,350

1,956,605

At 31 January 2025

98,068

-

1,168,871