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Registration number: 04448510

Steve Durkin Vehicle Services Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Steve Durkin Vehicle Services Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 11

Steve Durkin Vehicle Services Limited

(Registration number: 04448510)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 18,968 | 22,553
Investments | 6 | 500,000 | 500,000
|  | 518,968 | 522,553
Current assets |  |  |
Stocks |  | 273,148 | 175,203
Debtors | 7 | 144,547 | 64,307
Cash at bank and in hand |  | 12,751 | 31,692
|  | 430,446 | 271,202
Creditors: Amounts falling due within one year | 8 | (528,423) | (353,826)
Net current liabilities |  | (97,977) | (82,624)
Total assets less current liabilities |  | 420,991 | 439,929
Creditors: Amounts falling due after more than one year | 8 | - | (45,815)
Provisions for liabilities |  | (4,742) | (5,638)
Net assets |  | 416,249 | 388,476
Capital and reserves |  |  |
Called up share capital | 9 | 38,000 | 38,000
Retained earnings |  | 378,249 | 350,476
Shareholders' funds |  | 416,249 | 388,476

Steve Durkin Vehicle Services Limited

(Registration number: 04448510)
Balance Sheet as at 30 September 2025

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 June 2026

......................................... S J Durkin Director

Steve Durkin Vehicle Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

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:
64 Briercliffe Road
Burnley
Lancashire
BB10 1UX

These financial statements were authorised for issue by the director on 10 June 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 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.

Steve Durkin Vehicle Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

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
Fixtures and fittings | 33% per annum straight line basis
Office equipment | 33% per annum straight line basis
Plant and machinery | 15% per annum straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Over 3 to 5 years straight line basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Steve Durkin Vehicle Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

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.

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.

Steve Durkin Vehicle Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

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.

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 the director) during the year, was 5 (2024 - 5).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 October 2024 | 18,500 | 18,500
At 30 September 2025 | 18,500 | 18,500
Amortisation
At 1 October 2024 | 18,500 | 18,500
At 30 September 2025 | 18,500 | 18,500
Carrying amount
At 30 September 2025 | - | -
At 30 September 2024 | - | -

Steve Durkin Vehicle Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

5 | Tangible assets

| Fixtures, fittings and equipment £ | Plant and machinery £ | Total £
Cost
At 1 October 2024 | 17,443 | 58,945 | 76,388
Additions | - | 1,850 | 1,850
At 30 September 2025 | 17,443 | 60,795 | 78,238
Depreciation
At 1 October 2024 | 17,443 | 36,392 | 53,835
Charge for the year | - | 5,435 | 5,435
At 30 September 2025 | 17,443 | 41,827 | 59,270
Carrying amount
At 30 September 2025 | - | 18,968 | 18,968
At 30 September 2024 | - | 22,553 | 22,553

6 | Investments

| 2025 £ | 2024 £
Other investments | 500,000 | 500,000

7 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 133,543 | 51,381
Amounts owed by related parties | 12 | - | 1,000
Other debtors |  | 1,321 | 2,567
Prepayments |  | 9,683 | 9,359
|  | 144,547 | 64,307

Steve Durkin Vehicle Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

8 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 444,751 | 292,721
Trade creditors |  | 33,753 | 25,089
Amounts owed to related parties | 12 | 5,000 | -
Taxation and social security |  | 41,474 | 32,439
Accruals and deferred income |  | 3,330 | 3,515
Other creditors |  | 115 | 62
|  | 528,423 | 353,826

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | - | 45,815

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £1 each | 2,000 | 2,000 | 2,000 | 2,000
Ordinary B shares of £1 each | 36,000 | 36,000 | 36,000 | 36,000
| 38,000 | 38,000 | 38,000 | 38,000

Steve Durkin Vehicle Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | - | 45,815

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 25,880 | 25,552
Other borrowings | 418,871 | 267,169
| 444,751 | 292,721

11 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £31,500 (2024 - £49,500). These represent total future minimum payments under non-cancellable operating leases.

Steve Durkin Vehicle Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

12 | Related party transactions

Summary of transactions with other related parties

Angels Leisure Limited
The Diamond Pension Fund

Expenditure with and payables to related parties

2025 | Other related parties £
Management fees | 53,000
Rent | 18,000
| 71,000

2024 | Other related parties £
Management fees | 48,000
Rent | 18,000
| 66,000

Loans to related parties

2025 | Other related parties £ | Total £
At start of period | 1,000 | 1,000
Repaid | (1,000) | (1,000)
At end of period | - | -

2024 | Other related parties £ | Total £
Advanced | 1,000 | 1,000
At end of period | 1,000 | 1,000

Steve Durkin Vehicle Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Loans from related parties

2025 | Other related parties £ | Total £
Advanced | 5,000 | 5,000
At end of period | 5,000 | 5,000

2024 | Other related parties £ | Total £
At start of period | 6,500 | 6,500
Repaid | (6,500) | (6,500)
At end of period | - | -