D44 Store Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

D44 Store Limited

Company Information

Directors	E A Wrench-Buck S Wrench-Buck

Company secretary

S Wrench-Buck

Registered office

6 Oaklands Court Tiverton Way Tiverton Devon EX16 6TG

Accountants

Withers Steele Limited 6 Oaklands Court Tiverton Way Tiverton Devon EX16 6TG

D44 Store Limited

(Registration number: 05217838)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	1,381	772
Current assets
Stocks	6	517,095	540,134
Debtors	7	391,411	193,236
Cash at bank and in hand		48,903	56,229
		957,409	789,599
Creditors: Amounts falling due within one year	8	(557,255)	(453,511)
Net current assets		400,154	336,088
Total assets less current liabilities		401,535	336,860
Creditors: Amounts falling due after more than one year	8	(8,665)	(18,919)
Provisions for liabilities		(302)	(139)
Net assets		392,568	317,802
Capital and reserves
Called up share capital	9	1	1
Profit and loss account		392,567	317,801
Shareholders' funds		392,568	317,802

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary 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.

D44 Store Limited

(Registration number: 05217838)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:
 

......................................... E A Wrench-Buck Director

D44 Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is:
6 Oaklands Court
Tiverton Way
Tiverton
Devon
EX16 6TG
UK

The principal place of business is:
Southlea Business Park
Bish Mill
South Molton
Devon
EX36 3QU

These financial statements were authorised for issue by the Board on 16 September 2025.

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.

D44 Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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
Plant and machinery	25% reducing balance method
Motor vehicles	25% reducing balance method
Computer equipment	25% straight line method

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

D44 Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

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.

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 5 (2023 - 6).

D44 Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Profit before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	289	308

D44 Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	3,968	1,500	27,918	33,386
Additions	1,479	-	-	1,479
Disposals	(3,968)	(1,500)	(27,918)	(33,386)
At 31 December 2024	1,479	-	-	1,479
Depreciation
At 1 January 2024	3,964	1,441	27,209	32,614
Charge for the year	98	15	176	289
Eliminated on disposal	(3,964)	(1,456)	(27,385)	(32,805)
At 31 December 2024	98	-	-	98
Carrying amount
At 31 December 2024	1,381	-	-	1,381
At 31 December 2023	4	59	709	772

6

Stocks

	2024 £	2023 £
Work in progress	26,000	47,170
Other inventories	491,095	492,964
	517,095	540,134

7

Debtors

Current	Note	2024 £	2023 £
Trade debtors		16,954	20,655
Amounts owed by related parties	12	374,330	131,327
Prepayments		45	-
Other debtors		82	41,254
		391,411	193,236

D44 Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	10	60,592	120,058
Trade creditors		230,689	229,780
Amounts owed to group undertakings and undertakings in which the company has a participating interest	12	243,720	104,299
Taxation and social security		22,557	320
Other creditors		(303)	(946)
		557,255	453,511

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	10	8,665	18,919

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

D44 Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	8,665	18,919

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,502	10,248
Bank overdrafts	50,090	109,810
	60,592	120,058

11

Dividends

12	Related party transactions

Summary of transactions with parent

Devon 4x4 Centre Limited During the year the parent company charged a fee to the company for management services.

Summary of transactions with all entities with joint control or significant interest

Group companies During the year the company made sales to and received goods from other group companies.

Income and receivables from related parties

2024	Entities with joint control or significant influence £
Sale of goods	293,781

2023	Entities with joint control or significant influence £
Sale of goods	236,537

Expenditure with and payables to related parties

D44 Store Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2024	Parent £	Entities with joint control or significant influence £
Purchase of goods	-	87,197
Rendering of services	55,750	-
	55,750	87,197

2023	Parent £	Entities with joint control or significant influence £
Purchase of goods	-	118,376
Rendering of services	36,500	-
	36,500	118,376

13	Parent and ultimate parent undertaking

The company's immediate parent is Devon 4x4 Centre Limited, incorporated in England.