Company Registration Number: 00913346
FOR THE YEAR ENDED 31 MAY 2025
CROXDALE SERVICE STATION LIMITED
COMPANY INFORMATION
CROXDALE SERVICE STATION LIMITED
CONTENTS
CROXDALE SERVICE STATION LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MAY 2025
The directors have pleasure in presenting their report and the financial statements of the company for the year ended 31 May 2025.
The business has built upon the momentum achieved in the financial year ending 31 May 2024, continuing its growth journey through targeted investment, capacity expansion, and strategic brand diversification.
A major highlight was the completion and opening of the new Aftersales Unit, expanding capacity from 10 bays to 28 bays. This development supports our growth partnership with Stellantis and significantly enhances our ability to meet customer demand. We are now fully operational and authorised as a repairer for all Stellantis brands: Citroën, DS Automobiles, Jeep, Alfa Romeo, Leap Motor, Fiat, Abarth, Vauxhall, and Peugeot. This is in addition to the already established MG Motor UK and Mitsubishi authorised repairer status.
The commissioning of the Aftersales facility was accompanied by several operational challenges, including:
A major highlight was the completion and opening of the new Aftersales Unit, expanding capacity from 10 bays to 28 bays. This development supports our growth partnership with Stellantis and significantly enhances our ability to meet customer demand. We are now fully operational and authorised as a repairer for all Stellantis brands: Citroën, DS Automobiles, Jeep, Alfa Romeo, Leap Motor, Fiat, Abarth, Vauxhall, and Peugeot. This is in addition to the already established MG Motor UK and Mitsubishi authorised repairer status.
The commissioning of the Aftersales facility was accompanied by several operational challenges, including:
∙Recruiting and retaining skilled staff amidst rising employment costs.
∙Investing in training to ensure the right expertise in the right roles.
∙Relocating operations from a temporary service facility.
∙Implementing a new Aftersales organisational structure to better manage retail, warranty, and servicing operations.
∙Separating diagnostic operations to provide dedicated specialist focus.
∙Managing the closure of the Bodyshop following the retirement of a long-standing and valued team member. Due to the small size of the Bodyshop operation, the decision was made to close it for the foreseeable future, redirecting focus to Aftersales servicing and repairs and repurposing the space to create additional work bays to manage the growth in demand for internal preparation.
In parallel, growth in both New and Used vehicle sales required the formation of a dedicated internal preparation department.
Significant investment has also been made in our New Car Sales departments, with the addition of showrooms for Jeep, Alfa Romeo, and Leap Motor, complementing our established MG, Citroën, and DS Automobiles operations. While expanding these operations and supporting new brands has required considerable resource and operational adaptation, all newly introduced marques have exceeded monthly targets and remain on track with our business plan.
Looking forward, further investment plans are underway, including the relocation of the full Aftersales Reception into a new state-of-the-art Stellantis Authorised Repairer facility in the heart of the site, complete with a dedicated service reception and showroom, scheduled for completion in October 2025. We are also enhancing Stellantis representation in Durham with the introduction of Fiat & Abarth in early 2026.
While the net financial year-end position is slightly behind budget, overall performance has been strong given the operational challenges and broader economic headwinds encountered over the last 12 months.
Our long-standing Citroën franchise, held for over 50 years has faced temporary supply constraints with a reduced model range and limited availability of high-volume products such as the All New Citroën C3 and All New C3 Aircross. These challenges are expected to ease from Q4 2025 with the arrival of the New C3, C3 Aircross, and All-New C5 Aircross.
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CROXDALE SERVICE STATION LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
MG has become firmly established within the business, driving both new car sales and an increased supply of pre-owned vehicles. Combined new and used volumes for the year are expected to be between 2,300 and 2,500 units, with MG forecast to account for around 50% of this total. This larger vehicle parc is anticipated to provide a significant boost to Aftersales revenues in the coming years.
The business has taken a proactive investment approach, ensuring readiness for growth rather than reacting to demand. Our multi-brand portfolio provides greater resilience, mitigating the impact of operational or market challenges faced by any single brand. This strategy underpins sustainable long-term growth and safeguards the company’s financial stability.
The business has taken a proactive investment approach, ensuring readiness for growth rather than reacting to demand. Our multi-brand portfolio provides greater resilience, mitigating the impact of operational or market challenges faced by any single brand. This strategy underpins sustainable long-term growth and safeguards the company’s financial stability.
The principal risks and uncertainties faced by the business include:
∙Economic Conditions – consumer demand for new and used vehicles is sensitive to interest rates, inflation, and general economic confidence.
∙Manufacturer Supply Constraints – delays or shortages in vehicle supply can impact sales volumes and margins. BEV Sales are dependant on unlocking earnings, impacted by supply and consumer confidence.
∙Labour Market Pressures – competition for skilled staff and rising employment costs may affect recruitment and retention.
∙Regulatory Compliance – the business operates under FCA regulation for certain activities and must ensure ongoing compliance.
∙Brand Concentration Risk – mitigated by maintaining a diverse brand portfolio to reduce reliance on any single manufacturer.
The Directors monitor the performance of the business through a range of financial and operational KPIs, including:
∙Turnover Growth – measured year-on-year across New and Used sales and Aftersales.
∙Gross Profit Margin – monitored by department to ensure profitability targets are met.
∙Aftersales Capacity Utilisation – measuring workshop bay efficiency and technician productivity versus cost of sale.
∙Vehicle Sales Volume – tracked monthly against manufacturer targets and internal budgets.
∙Customer Satisfaction & Retention – including Net Promoter Scores and repeat purchase rates, as well as generating incremental income rewarded quarterly.
∙Cash Flow & Liquidity – ensuring sufficient working capital to support operations and growth.
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CROXDALE SERVICE STATION LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
The Directors remain confident in the company’s prospects. The strategic investments made in expanding Aftersales capacity, strengthening brand representation, and enhancing sales facilities position the business for sustained growth.
Key priorities for the coming year include:
Key priorities for the coming year include:
∙Completing the relocation of the Aftersales Reception to the new Stellantis Authorised Repairer facility.
∙Increasing volumes and market share for newly introduced brands.
∙Leveraging the expanded vehicle parc to grow Aftersales revenues.
∙Maintaining a balanced brand portfolio to protect against market volatility.
The Board believes that the combination of operational readiness, brand diversity, and proactive investment will ensure the business continues to deliver strong results and long-term value.
This report was approved by the board and signed on its behalf.
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CROXDALE SERVICE STATION LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MAY 2025
The directors present their report and the financial statements for the year ended 31 May 2025.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements 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 to 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 profit for the year, after taxation, amounted to £276,204 (2024 - £322,416).
A dividend has not been recommended.
The directors who served during the year were:
Looking ahead, our focus remains on maximising the opportunities within our core brands, expanding our Aftersales capacity, and navigating the challenges posed by the evolving automotive market, particularly in the EV sector. With strategic investments and adjustments, we are confident in our ability to drive sustained growth in both turnover and profitability in the coming years
Information is not shown in the director's report because it is shown in the strategic report instead under s414C (11). The strategic report includes a business review, principal risks and uncertainties and financial key performance indicators.
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CROXDALE SERVICE STATION LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
There have been no significant events affecting the Company since the year end.
Under section 487(2) of the Companies Act 2006, Armstrong Watson Audit Limited will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
This report was approved by the board and signed on its behalf.
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CROXDALE SERVICE STATION LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CROXDALE SERVICE STATION LIMITED
We have audited the financial statements of Croxdale Service Station Limited (the 'Company') for the year ended 31 May 2025, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity 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, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
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 United Kingdom, including the Financial Reporting Council'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.
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.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' 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. 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 course of 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.
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CROXDALE SERVICE STATION LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CROXDALE SERVICE STATION LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
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.
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CROXDALE SERVICE STATION LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CROXDALE SERVICE STATION LIMITED (CONTINUED)
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 Auditors' 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
∙we identified the laws and regulations applicable to the company through discussions with directors and other management and review of appropriate industry knowledge;
∙we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and
∙identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
∙making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
∙considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
∙performed analytical procedures as a risk assessment tool to identify any unusual or unexpected relationships;
∙tested journal entries to identify unusual transactions; and tested the operating effectiveness of key controls over purchase cycles on a sample basis.
∙reviewed the application of accounting policies with focus on those with heightened estimation uncertainty. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
∙agreeing financial statement disclosures to underlying supporting documentation; and
∙enquiring of management as to actual and potential litigation and claims.
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CROXDALE SERVICE STATION LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CROXDALE SERVICE STATION LIMITED (CONTINUED)
Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of nondetection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws.
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 Auditors' 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 an Auditors' 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.
for and on behalf of
Chartered Accountants
Statutory Auditors
Skipton
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CROXDALE SERVICE STATION LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MAY 2025
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CROXDALE SERVICE STATION LIMITED
REGISTERED NUMBER: 00913346
STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 13 to 28 form part of these financial statements.
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CROXDALE SERVICE STATION LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2025
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The company's registered office address is Scrafton Lodge, Leyburn, North Yorkshire, DL8 4RR and its trading address is Croxdale Service Station Limited, Croxdale, Durham, DH6 5HS.
The principal activity of the company is the sale of new and used motor vehicles.
These financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the company operates.
The principal activity of the company is the sale of new and used motor vehicles.
These financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the company operates.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7;
∙the requirement of paragraph 24(b) of IFRS 6 Exploration for and Evaluation of Mineral Resources to disclose the operating and investing cash flows arising from the exploration for and evaluation of mineral resources (when applying this standard in accordance with paragraph 34.11 of FRS 102).
This information is included in the consolidated financial statements of New Equipment Holdings Limited as at 31 May 2025 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered the on-going situation with regard to the cost of living crisis as part of their going concern assessment. The view of the directors is that, while they acknowledge the significant impact that the cost of living crisis has brought and will continue to bring over the coming weeks and months, the directors feel that the company is well placed to negotiate the unique set of conditions currently facing the UK economy.
The Company currently operates within its banking facilities and terms of credit and the directors are confident of the future operating position of the Company. Post year end, the Company continues to generate significant profits across all segments of the business.
In reaching their conclusion, the directors have considered their cash flow for a period of 12 months from the date of signing the financial statements. The directors are also mindful of the net current liability position of the balance sheet and are confident that with the continued support of the directors, shareholders, other group companies, bankers and creditors it is appropriate to continue to adopt the going concern basis in preparing the annual financial statements.
The Company currently operates within its banking facilities and terms of credit and the directors are confident of the future operating position of the Company. Post year end, the Company continues to generate significant profits across all segments of the business.
In reaching their conclusion, the directors have considered their cash flow for a period of 12 months from the date of signing the financial statements. The directors are also mindful of the net current liability position of the balance sheet and are confident that with the continued support of the directors, shareholders, other group companies, bankers and creditors it is appropriate to continue to adopt the going concern basis in preparing the annual financial statements.
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, On the following basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Investment property is carried at fair value determined annually by directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any differences in nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit and loss.
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Financial liabilities
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 the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
2.Accounting policies (continued)
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will be, by definition, seldom equal to the related actual results.
The directors consider the key accounting estimates to be provision for obsolete stock and valuation of property.
Provisions for obsolete stock are reviewed by the directors on an ongoing basis who use their specific industry knowledge and experience to ensure the correct judgements.
Freehold and Investment properties are formally valued when relevant with an ongoing review by the directors for material changes to the carrying value.
The whole of the turnover is attributable to its principal activity.
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
There were no factors that may affect future tax charges.
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
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Included in freehold property is freehold land at valuation of £201,000 (2024 - £201,000) which is not depreciated.
The freehold property was valued during the year by Handelsbanken, on an open market value for existing use basis who have concluded that the values stated are not materially misstated.
The freehold property was valued during the year by Handelsbanken, on an open market value for existing use basis who have concluded that the values stated are not materially misstated.
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
11.Tangible fixed assets (continued)
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Other creditors include stock finance which is secured over the relevant vehicles and certain of the company's property. There is also a cross company guarantee in place with Croxdale Fast Fit Limited in respect of this balance.
Obligations under finance leases and hire purchase contracts are secured over the assets to which they relate.
Obligations under finance leases and hire purchase contracts are secured over the assets to which they relate.
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
Obligations under finance leases and hire purchase contracts are secured over the assets to which they relate.
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
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Revaluation reserve
Capital redemption reserve
Profit and loss account
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CROXDALE SERVICE STATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
The company has a multilateral guarantee with fellow group companies, New Equipment Holdings Limited, Croxdale Fast-Fit Limited and DJH (Group) Limited to secure any bank borrowings with Handelsbanken Plc. At the year end the outstanding borrowings with Handelsbanken Plc were £2,131,787 (2024 - £2,910,428).
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. The pension cost charge represents contributions payable by the company to the fund and amounted to £50,543 (2024 - £77,054 ). Contributions totalling £7,778 (2024 - £6,341 ) were payable to the fund at the balance sheet date and are included in creditors.
The financial statements of New Equipment Holdings Limited are available to the public and may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.
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