ACCOUNTS - Final Accounts

An analysis of turnover by class of business is as follows:

Registered number: 00908395

FOUR ELMS SERVICE STATION LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOUR ELMS SERVICE STATION LIMITED

COMPANY INFORMATION

Directors	R A Dearnaley Esq
	S R Dearnaley Esq


Company secretary	K J Ball


Registered number	00908395


Registered office	Main Road
	Chattenden
	Rochester
	Kent
	ME3 8LL


Independent auditors	Barnes Roffe Audit Limited
	Chartered Accountants & Statutory Auditor
	Charles Lake House
	Claire Causeway
	Crossways Business Park
	Dartford
	Kent
	DA2 6QA


Bankers	HSBC Bank plc
	Sun pier
	Medway Street
	Chatham
	Kent
	ME4 4DN


	Barclays Bank PLC
	1 Churchill Place
	London
	E14 5HP

FOUR ELMS SERVICE STATION LIMITED

CONTENTS

	Page
Strategic report	1
Directors' report	2 - 3
Independent auditors' report	4 - 7
Statement of comprehensive income	8
Balance sheet	9
Statement of changes in equity	10
Statement of cash flows	11 - 12
Notes to the financial statements	13 - 26

FOUR ELMS SERVICE STATION LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Introduction

The directors present their strategic report for the year ended 30 September 2025.

Business review

We aim to present a balanced and comprehensive review of the development and performance of the business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties we face.

Turnover and fuel revenue reduced as prices fell throughout 2024-25. Volume actually increased while margins on fuel lowered. More recently, fuel prices have increased again, and margins are being maintained. Retail and other departments have performed strongly and efficiently.

The bodyshop industry as a whole continues to see reduced volumes, but we continue to maintain our contracts, secure additional work from our competitors with our improved performance and volumes are returning.

Finally, the workshop remains busy and is consistently profitable, which is due to many customers not wanting to pay the higher main dealer charges and continually moving to the independents like 4 Elms.

4 Elms Group have maintained carbon neutrality at our Fix Auto Rochester bodyshop and Four Elms Service Station, in accordance with PAS2060 and subsequently now ARIES. We have always demonstrated a commitment to reducing our carbon footprint and having achieved carbon neutrality. 4 Elms has been awarded the Cyber Essential Plus Accreditation, as we continue to invest and demonstrate our commitment to the environment, our customers and supply chain.

Principal risks and uncertainties

The management of the business and the execution of the company's strategy are subject to a number of risks. The key business risks and uncertainties are considered to relate to competition from established competitors and the volatility of fuel prices.

Financial key performance indicators

Given the straight forward nature of the business, the company's directors are of the opinion that using specific KPI's is not necessary for an understanding of the development, performance or position of the business.

This report was approved by the board and signed on its behalf.

R A Dearnaley Esq

Director

Date: 4 June 2026

Page 1

FOUR ELMS SERVICE STATION LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The directors present their report and the financial statements for the year ended 30 September 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

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 judgments 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.

Principal activity

The company's principal activity is that of the repair of motor vehicles, and the sale of petrol and accessories.

Results and dividends

The profit for the year, after taxation, amounted to £123,310 (2024 - £173,886).

Directors

The directors who served during the year were:

R A Dearnaley Esq

S R Dearnaley Esq

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Page 2

FOUR ELMS SERVICE STATION LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Auditors

The auditors, Barnes Roffe Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

R A Dearnaley Esq

Director

Date: 4 June 2026

Page 3

FOUR ELMS SERVICE STATION LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FOUR ELMS SERVICE STATION LIMITED

Opinion

We have audited the financial statements of Four Elms Service Station Limited (the 'company') for the year ended 30 September 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of cash flows, 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).

In our opinion the financial statements:

∙give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

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.

Conclusions relating to going concern

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.

Page 4

FOUR ELMS SERVICE STATION LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FOUR ELMS SERVICE STATION LIMITED (CONTINUED)

Other information

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.

Opinion on other matters prescribed by the Companies Act 2006

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.

Matters on which we are required to report by exception

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.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Page 5

FOUR ELMS SERVICE STATION LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FOUR ELMS SERVICE STATION LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

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:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law and regulations, was as follows:

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.

Page 6

FOUR ELMS SERVICE STATION LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FOUR ELMS SERVICE STATION LIMITED (CONTINUED)

Use of our 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.

Nick Bartlett (Senior statutory auditor)

for and on behalf of

Barnes Roffe Audit Limited

Chartered Accountants

Statutory Auditor

Charles Lake House

Claire Causeway

Crossways Business Park

Dartford

Kent

DA2 6QA

16 June 2026

Page 7

FOUR ELMS SERVICE STATION LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 SEPTEMBER 2025

	2025	2024
Note	£	£


Turnover	4	11,969,695	12,410,885
Cost of sales		(10,305,931)	(10,779,982)
Gross profit		1,663,764	1,630,903
Distribution costs		(166,261)	(96,625)
Administrative expenses		(1,319,730)	(1,286,995)
Operating profit	5	177,773	247,283
Interest receivable and similar income	9	35	69
Interest payable and similar expenses	10	(1,006)	(6,496)
Profit before tax		176,802	240,856
Tax on profit	11	(53,492)	(66,970)
Profit for the financial year		123,310	173,886

There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 13 to 26 form part of these financial statements.

Page 8

FOUR ELMS SERVICE STATION LIMITED

REGISTERED NUMBER: 00908395

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	13		2,258		2,661
Tangible assets	14		691,702		768,259
			693,960		770,920
Current assets
Stocks	15	292,748		229,715
Debtors: amounts falling due within one year	16	666,704		503,227
Cash at bank and in hand	17	200,721		466,469
		1,160,173		1,199,411
Creditors: amounts falling due within one year	18	(1,063,530)		(1,005,905)
Net current assets			96,643		193,506
Total assets less current liabilities			790,603		964,426
Creditors: amounts falling due after more than one year	19		-		(67,638)
Provisions for liabilities
Deferred tax	21		(126,948)		(136,262)
Dilapidation provision	22		(80,000)		(60,000)
Net assets			583,655		700,526

Capital and reserves
Called up share capital	23	2,000	2,000
Profit and loss account		581,655	698,526
		583,655	700,526

The financial statements were approved and authorised for issue by the board and were signed on its behalf by

R A Dearnaley Esq

Director

Date: 4 June 2026

The notes on pages 13 to 26 form part of these financial statements.

Page 9

FOUR ELMS SERVICE STATION LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 October 2024	2,000	698,526	700,526

Profit for the year	-	123,310	123,310
Dividends: Equity capital	-	(240,181)	(240,181)
At 30 September 2025	2,000	581,655	583,655

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2024

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 October 2023	2,000	739,887	741,887

Profit for the year	-	173,886	173,886
Dividends: Equity capital	-	(215,247)	(215,247)
At 30 September 2024	2,000	698,526	700,526

The notes on pages 13 to 26 form part of these financial statements.

Page 10

FOUR ELMS SERVICE STATION LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit for the financial year	123,310	173,886
Adjustments for:
Amortisation of intangible assets	403	405
Depreciation of tangible assets	131,785	113,469
Loss on disposal of tangible assets	(275)	(2,179)
Interest paid	1,006	6,496
Interest received	(35)	(69)
Taxation charge	79,541	66,970
(Increase)/decrease in stocks	(63,033)	120,692
(Increase)/decrease in debtors	(163,477)	21,602
Increase/(decrease) in creditors	839	(40,932)
Increase in provisions	20,000	-
Corporation tax (paid)	(78,344)	(126,406)
Net cash generated from operating activities	51,720	333,934

Cash flows from investing activities
Purchase of tangible fixed assets	(74,576)	(198,704)
Sale of tangible fixed assets	19,623	7,670
Interest received	35	69
HP interest paid	(1,006)	(6,496)
Net cash from investing activities	(55,924)	(197,461)

Page 11

FOUR ELMS SERVICE STATION LIMITED

STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

		2025	2024
		£	£


Cash flows from financing activities
Repayment of loans	(10,366)	(10,047)
Repayment of/new finance leases	(10,997)	(20,340)
Dividends paid	(240,181)	(215,247)
Net cash used in financing activities	(261,544)	(245,634)
Net (decrease) in cash and cash equivalents	(265,748)	(109,161)
Cash and cash equivalents at beginning of year	466,469	575,630
Cash and cash equivalents at the end of year	200,721	466,469

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	200,721	466,469
	200,721	466,469

The notes on pages 13 to 26 form part of these financial statements.

Page 12

FOUR ELMS SERVICE STATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

Four Elms Service Station Limited is a private company limited by share capital and incorporated in England and Wales. The address of the registered office is Main Road, Chattenden, Rochester, Kent, ME3 8LL.

The company's principal activities during the year continue to be those of the repair of motor vehicles and the sale of petrol, groceries and accessories.

2.Accounting policies

2.1

Basis of preparation of financial statements

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 judgment in applying the company's accounting policies (see note 3).

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 13

FOUR ELMS SERVICE STATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 14

FOUR ELMS SERVICE STATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.7

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on the following bases:

Freehold property	-	3% straight line
Long-term leasehold property	-	2.5% straight line
Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Office equipment	-	25% reducing balance

Page 15

FOUR ELMS SERVICE STATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Page 16

FOUR ELMS SERVICE STATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.15

Financial instruments

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 Balance sheet when the company becomes party to the contractual provisions of the instrument.

The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.

2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The directors have made estimates and assumptions in preparing these financial statements, specifically the economic life of tangible fixed assets, as further disclosed in note 2.9, and the recoverability of trade debtors. These estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant and reviewed on an ongoing basis.

Workshop and bodyshop	3,411,266	3,682,908
Fuel	6,977,945	7,169,353
Retail and forecourt	1,580,484	1,558,624
	11,969,695	12,410,885

All turnover arose within the United Kingdom.

Page 17

FOUR ELMS SERVICE STATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Depreciation	119,675	113,469
Amortisation	403	405
Other operating lease rentals	92,752	91,200

Fees payable to the company's auditors for the audit of the company's financial statements

12,000

10,495

Wages and salaries	1,580,656	1,524,678
Social security costs	159,003	131,470
Cost of defined contribution scheme	36,442	34,464
	1,776,101	1,690,612

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Admin	9	18
Forecourt/Workshop	46	37

	55	55

Page 18

FOUR ELMS SERVICE STATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

8.	Directors' remuneration
		2025	2024
		£	£

Directors' emoluments	21,158	17,232
Company contributions to defined contribution pension schemes	1,313	1,313
	22,471	18,545

During the year retirement benefits were accruing to 1 director (2024 - 1) in respect of defined contribution pension schemes.

9.	Interest receivable
		2025	2024
		£	£

Other interest receivable

10.	Interest payable and similar expenses
		2025	2024
		£	£

Bank interest payable	283	-
Finance leases and hire purchase contracts	723	6,496
	1,006	6,496

Corporation tax
Current tax on profits for the year	62,806	52,295

Total current tax	62,806	52,295

	Deferred tax
	Origination and reversal of timing differences	(9,314)	14,675


		53,492	66,970

Page 19

FOUR ELMS SERVICE STATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

11.Taxation (continued)

Profit on ordinary activities before tax

176,802

240,856

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	44,201	60,214
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	245	(547)
Capital allowances for year in excess of depreciation	17,768	(3,681)
Movement in deferred tax	(9,314)	14,675
Movement in unpaid pension	592	(3,115)
Marginal relief	-	(576)
Total tax charge for the year	53,492	66,970

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

12.	Dividends
		2025	2024
		£	£

Dividends

240,181

215,247

Page 20

FOUR ELMS SERVICE STATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

13.	Intangible assets

		Computer software
		£
	Cost
	At 1 October 2024	4,045
	At 30 September 2025	4,045
	Amortisation
	At 1 October 2024	1,384
	Charge for the year on owned assets	403
	At 30 September 2025	1,787
	Net book value
	At 30 September 2025	2,258
	At 30 September 2024	2,661

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FOUR ELMS SERVICE STATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

14.	Tangible fixed assets

	Land and buildings	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 October 2024	1,423,341	797,129	290,935	266,635	2,778,040
Additions	5,057	2,075	58,000	9,444	74,576
Disposals	-	(169,476)	(52,820)	(62,040)	(284,336)
Transfers between classes	(24,248)	24,248	-	-	-
At 30 September 2025	1,404,150	653,976	296,115	214,039	2,568,280
Depreciation
At 1 October 2024	1,006,109	609,582	173,019	221,071	2,009,781
Charge for the year on owned assets	28,867	52,175	27,582	12,110	120,734
Charge for the year on financed assets	-	-	11,051	-	11,051
Disposals	-	(168,917)	(34,357)	(61,714)	(264,988)
At 30 September 2025	1,034,976	492,840	177,295	171,467	1,876,578
Net book value
At 30 September 2025	369,174	161,136	118,820	42,572	691,702
At 30 September 2024	417,232	187,547	117,916	45,564	768,259

As at 30 September 2025, included within the net book value of land and buildings is £75,523 (2024: £87,374) relating to freehold land and buildings, and £293,651 (2024: £329,858) relating to long term leasehold buildings.

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
	2025	2024
	£	£


	Motor vehicles	30,981	47,715

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FOUR ELMS SERVICE STATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

15.	Stocks
		2025	2024
		£	£

Raw materials and consumables	63,110	70,815
Work in progress	75,377	47,195
Finished goods and goods for resale	154,261	111,705
	292,748	229,715

16.

Debtors

					2025	2024
					£	£


Trade debtors	417,098	287,945
Other debtors	89,641	100,662
Prepayments and accrued income	159,965	114,620
	666,704	503,227

17.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	200,721	466,469

18.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	7,039	10,331
Trade creditors	734,548	682,463
Corporation tax	62,702	52,226
Other taxation and social security	146,140	136,356
Obligations under finance lease and hire purchase contracts	61,735	12,169
Other creditors	20,504	43,020
Accruals and deferred income	30,862	69,340
	1,063,530	1,005,905

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FOUR ELMS SERVICE STATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

19.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	-	7,074
Net obligations under finance leases and hire purchase contracts	-	60,564
	-	67,638

The bank loan is repayable by equal monthly installments over 6 years. Interest is charged at a fixed rate of 2.5% payable on the outstanding principal amount of the loan until the final repayment date. The loan is unsecured.

A bank overdraft facility with Barclays Bank PLC is secured by a charge over freehold land and buildings and by a fixed and floating charge over the assets of the company.

Obligations under finance leases and hire purchase contracts are secured upon the assets to which they relate.

Amounts falling due within one year
Bank loans	7,039	10,331
Amounts falling due 1-2 years
Bank loans	-	7,074

	7,039	17,405

21.	Deferred taxation

	2025	2024
	£	£

At beginning of year	(136,262)	(121,587)
Charged to profit or loss	9,314	(14,675)
At end of year	(126,948)	(136,262)

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FOUR ELMS SERVICE STATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

21.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances

(126,948)

(136,262)

22.	Provisions

		Dilapidation provision
		£

	At 1 October 2024	60,000
	Charged to profit or loss	20,000
	At 30 September 2025	80,000

23.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

666 (2024 - 666) Ordinary 'A' shares of £1.00 each	666	666
666 (2024 - 666) Ordinary 'B' shares of £1.00 each	666	666
668 (2024 - 668) Ordinary 'C' shares of £1.00 each	668	668

	2,000	2,000

24.	Pension commitments

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. Contributions totalling £6,661 (2024: £6,450) were payable to the fund at the balance sheet date and are included in creditors.

Page 25

FOUR ELMS SERVICE STATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Land and buildings
Not later than 1 year	14,000	14,000
Later than 1 year and not later than 5 years	56,000	56,000
Later than 5 years	87,500	101,500
	157,500	171,500

					2025	2024
					£	£

Other fixed assets
Not later than 1 year	11,043	63,542
Later than 1 year and not later than 5 years	-	11,043
	11,043	74,585

26.	Related party transactions
	The directors have an interest in dividends paid during the year of £240,180 (2024: £215,247). As at the balance sheet date, an amount was owed to directors totaling £11,840 (2024: £5,536). This amount owed to the directors has been included in other debtors (2024: other debtors) and pooled with other loans.

27.	Controlling party

The ultimate controlling parties are R A and S R Dearnaley.

Page 26