Registration number: 13171925

The Tank Shop Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

The Tank Shop Ltd

Company Information

Directors

Mrs Julie Ann Forsyth Mr Jamie Edward Forsyth

Registered office

61 Bridge Street Kington HR5 3DJ

Accountants

Mortimore & Co Chartered Certified Accountants1 Fore Street Cullompton Devon EX15 1JW

The Tank Shop Ltd

(Registration number: 13171925)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	91,444	13,101
Current assets
Debtors		186,284	85,088
Cash at bank and in hand		931,566	412,529
		1,117,850	497,617
Creditors: Amounts falling due within one year		(1,011,358)	(507,441)
Net current assets/(liabilities)		106,492	(9,824)
Total assets less current liabilities		197,936	3,277
Creditors: Amounts falling due after more than one year		(39,300)	-
Provisions for liabilities		(11,377)	(3,275)
Net assets		147,259	2
Capital and reserves
Called up share capital	5	2	2
Retained earnings		147,257	-
Shareholders' funds		147,259	2

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 September 2026 and signed on its behalf by:
 

The Tank Shop Ltd

(Registration number: 13171925)
Balance Sheet as at 28 February 2026

......................................... Mrs Julie Ann Forsyth Director

......................................... Mr Jamie Edward Forsyth Director

The Tank Shop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
61 Bridge Street
Kington
HR5 3DJ
United Kingdom

The principal place of business is:
Bawlers Farm
Swingbridge
Bathpool
Taunton
TA2 8BY

These financial statements were authorised for issue by the Board on 1 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The Tank Shop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	20% reducing balance basis
Fixtures and Fittings	20% reducing balance basis
Motor Vehicles	25% reducing balance basis
Right of Use Asset	depreciated evenly over the term of the lease

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

The Tank Shop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

All leases except short-term leases and leases of low-value assets are presented on the balance sheet in the form of a right-of-use asset and a lease liability.

Right-of-use assets are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments, discounted using the obtainable borrowing rate. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

The Tank Shop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 2).

The Tank Shop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

4	Tangible assets

	Right of use asset - vehicle lease  £	Fixtures and fittings £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 March 2025	-	4,296	21,223	-
Additions	61,244	7,824	6,792	32,443
Disposals	-	-	(2,195)	-
At 28 February 2026	61,244	12,120	25,820	32,443
Depreciation
At 1 March 2025	-	2,022	10,396	-
Charge for the year	15,311	2,019	3,274	8,111
Eliminated on disposal	-	-	(950)	-
At 28 February 2026	15,311	4,041	12,720	8,111
Carrying amount
At 28 February 2026	45,933	8,079	13,100	24,332
At 28 February 2025	-	2,274	10,827	-

	Total £
Cost or valuation
At 1 March 2025	25,519
Additions	108,303
Disposals	(2,195)
At 28 February 2026	131,627
Depreciation
At 1 March 2025	12,418
Charge for the year	28,715
Eliminated on disposal	(950)
At 28 February 2026	40,183
Carrying amount
At 28 February 2026	91,444
At 28 February 2025	13,101

The Tank Shop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

5	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary share of £1 each	2	2	2	2

6	Loans and borrowings

Lease Liabilities

		2026  £	2025  £
A 1 March 2025		-	-
Additions		61,244	-
Cashflows		(9,693)	-
Effective interest		1,768	-
28 February 2026		53,319	-

Non-current loans and borrowings

	2026 £	2025 £
Finance lease liabilities	39,300	-

Current loans and borrowings

	2026 £	2025 £
Finance lease liabilities	14,019	-

7

Dividends

Interim dividends paid

		2026 £		2025 £
Interim dividend of £237,056.14 (2025 - £230,726.67) per each Ordinary share		474,112		461,453

8	Related party transactions

Included within debtors are amounts owed from the Directors of £16,732 (2025 - £28,227).

During the year the amount invoiced to the company, by the Directors, was £5,055 (2025 - £20,244).