Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mr B Lyne 10/10/2023 Mr D Palmer 10/10/2023 Ms E West 10/10/2023 23 July 2025 The principal activity of the Company during the financial year continued to be that of groundworks including reconstruction, drainage and surfacing. 06661700 2025-03-31 06661700 bus:Director1 2025-03-31 06661700 bus:Director2 2025-03-31 06661700 bus:Director3 2025-03-31 06661700 2024-03-31 06661700 core:CurrentFinancialInstruments 2025-03-31 06661700 core:CurrentFinancialInstruments 2024-03-31 06661700 core:Non-currentFinancialInstruments 2025-03-31 06661700 core:Non-currentFinancialInstruments 2024-03-31 06661700 core:ShareCapital 2025-03-31 06661700 core:ShareCapital 2024-03-31 06661700 core:RetainedEarningsAccumulatedLosses 2025-03-31 06661700 core:RetainedEarningsAccumulatedLosses 2024-03-31 06661700 core:LandBuildings 2024-03-31 06661700 core:PlantMachinery 2024-03-31 06661700 core:Vehicles 2024-03-31 06661700 core:FurnitureFittings 2024-03-31 06661700 core:LandBuildings 2025-03-31 06661700 core:PlantMachinery 2025-03-31 06661700 core:Vehicles 2025-03-31 06661700 core:FurnitureFittings 2025-03-31 06661700 core:OtherMembersGroupNotDefinedElsewhere core:CurrentFinancialInstruments 2025-03-31 06661700 core:OtherMembersGroupNotDefinedElsewhere core:CurrentFinancialInstruments 2024-03-31 06661700 core:OtherMembersGroupNotDefinedElsewhere core:Non-currentFinancialInstruments 2025-03-31 06661700 core:OtherMembersGroupNotDefinedElsewhere core:Non-currentFinancialInstruments 2024-03-31 06661700 bus:OrdinaryShareClass1 2025-03-31 06661700 bus:OrdinaryShareClass2 2025-03-31 06661700 2024-04-01 2025-03-31 06661700 bus:FilletedAccounts 2024-04-01 2025-03-31 06661700 bus:SmallEntities 2024-04-01 2025-03-31 06661700 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06661700 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06661700 bus:Director1 2024-04-01 2025-03-31 06661700 bus:Director2 2024-04-01 2025-03-31 06661700 bus:Director3 2024-04-01 2025-03-31 06661700 core:PlantMachinery core:TopRangeValue 2024-04-01 2025-03-31 06661700 core:Vehicles 2024-04-01 2025-03-31 06661700 core:FurnitureFittings core:TopRangeValue 2024-04-01 2025-03-31 06661700 2023-04-01 2024-03-31 06661700 core:LandBuildings 2024-04-01 2025-03-31 06661700 core:PlantMachinery 2024-04-01 2025-03-31 06661700 core:FurnitureFittings 2024-04-01 2025-03-31 06661700 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 06661700 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 06661700 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 06661700 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 06661700 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06661700 (England and Wales)

DEVON TARMASTERS (SW) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

DEVON TARMASTERS (SW) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

DEVON TARMASTERS (SW) LIMITED

BALANCE SHEET

As at 31 March 2025
DEVON TARMASTERS (SW) LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 1,238,862 1,260,084
1,238,862 1,260,084
Current assets
Stocks 57,468 17,595
Debtors
- due within one year 4 1,420,448 1,646,319
- due after more than one year 4 540,256 340,178
Cash at bank and in hand 629,534 925,682
2,647,706 2,929,774
Creditors: amounts falling due within one year 5 ( 1,581,533) ( 1,765,401)
Net current assets 1,066,173 1,164,373
Total assets less current liabilities 2,305,035 2,424,457
Creditors: amounts falling due after more than one year 6 ( 437,491) ( 648,518)
Provision for liabilities ( 244,430) ( 248,441)
Net assets 1,623,114 1,527,498
Capital and reserves
Called-up share capital 7 50,000 50,000
Profit and loss account 1,573,114 1,477,498
Total shareholder's funds 1,623,114 1,527,498

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Devon Tarmasters (SW) Limited (registered number: 06661700) were approved and authorised for issue by the Board of Directors on 23 July 2025. They were signed on its behalf by:

Ms E West
Director
DEVON TARMASTERS (SW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
DEVON TARMASTERS (SW) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Devon Tarmasters (SW) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ambrison House Unit 1 Lorn Haven Business Park, Ashburton, Newton Abbot, TQ13 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 6.67 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 6.67 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes direct materials, and where applicable, direct labour costs and those overheads that have been incurred bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit or loss. Reversal of impairment losses are also recognised in the profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 40 40

3. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 April 2024 395,855 1,054,281 804,504 77,163 2,331,803
Additions 0 218,153 58,000 4,898 281,051
Disposals 0 ( 157,459) ( 114,744) ( 11,838) ( 284,041)
At 31 March 2025 395,855 1,114,975 747,760 70,223 2,328,813
Accumulated depreciation
At 01 April 2024 0 652,872 368,184 50,663 1,071,719
Charge for the financial year 0 130,790 113,328 7,306 251,424
Disposals 0 ( 149,176) ( 73,734) ( 10,282) ( 233,192)
At 31 March 2025 0 634,486 407,778 47,687 1,089,951
Net book value
At 31 March 2025 395,855 480,489 339,982 22,536 1,238,862
At 31 March 2024 395,855 401,409 436,320 26,500 1,260,084

4. Debtors

2025 2024
£ £
Debtors: amounts falling due within one year
Trade debtors 838,992 1,220,818
Amounts owed by Group undertakings 33,804 26,470
Amounts owed by connected persons 0 74,085
Amounts owed by directors 0 9,450
Prepayments 81,136 75,889
VAT recoverable 114,342 129,021
Other debtors 352,174 110,586
1,420,448 1,646,319
Debtors: amounts falling due after more than one year
Amounts owed by connected persons 0 340,178
Other debtors 540,256 0
540,256 340,178

5. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 0 64,060
Trade creditors 937,644 1,085,941
Amounts owed to associates 0 13,857
Accruals 49,533 44,011
Taxation and social security 335,534 194,446
Obligations under finance leases and hire purchase contracts (secured) 209,090 224,271
Other creditors 49,732 138,815
1,581,533 1,765,401

6. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 0 82,281
Obligations under finance leases and hire purchase contracts (secured) 437,491 566,237
437,491 648,518

Hire Purchase liabilities are secured over the assets to which they relate to.

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
25,500 Ordinary A shares of £ 1.00 each 25,500 25,500
24,500 Ordinary B shares of £ 1.00 each 24,500 24,500
50,000 50,000

8. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Opening balance 9,450 553
Plus loan advances 0 9,450
Less loan repayments (9,450) (553)
Closing balance 0 9,450
0 0

Interest has been charged at the official rate and the loan is repayable on demand.

9. Ultimate controlling party

Parent Company:

BEDS (SW) 2023 Limited
Ambrison House
Unit 1
Lorn Haven Business Park
Ashburton
Newton Abbot
Devon
TQ13 7FF