REGISTERED NUMBER: 02652527 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2025

for

Durham City Transport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Coatman

REGISTERED OFFICE:

Durham City House

St Johns Road

Meadowfield Industrial Estate

Durham

DH7 8QX

REGISTERED NUMBER:

02652527 (England and Wales)

ACCOUNTANTS:

OCG Accountants Ltd

Biz Hub Tees Valley

Belasis Hall Technology Park

Coxwold Way

Billingham

Co. Durham

TS23 4EA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,531,247

1,622,157

1,531,247

1,622,157

CURRENT ASSETS

Debtors

6

1,280,051

907,980

Investments

7

-

621,778

Cash at bank

287,520

163,101

1,567,571

1,692,859

CREDITORS

Amounts falling due within one year

8

(539,353

)

(422,407

)

NET CURRENT ASSETS

1,028,218

1,270,452

TOTAL ASSETS LESS CURRENT LIABILITIES

2,559,465

2,892,609

CREDITORS

Amounts falling due after more than one year

9

(520,725

)

(342,494

)

PROVISIONS FOR LIABILITIES

(231,454

)

(287,652

)

NET ASSETS

1,807,286

2,262,463

CAPITAL AND RESERVES

Called up share capital

175

175

Capital redemption reserve

25

25

Retained earnings

1,807,086

2,262,263

1,807,286

2,262,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th June 2026 and were signed by:

D Coatman - Director

1.	STATUTORY INFORMATION

Durham City Transport Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

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

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2024 - 43 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2025

and 31st December 2025

2,000

AMORTISATION

At 1st January 2025

and 31st December 2025

2,000

NET BOOK VALUE

At 31st December 2025

-

At 31st December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st January 2025

249,950

6,235

3,459,696

3,715,881

Additions

-

-

846,160

846,160

Disposals

-

-

(231,528

)

(231,528

)

At 31st December 2025

249,950

6,235

4,074,328

4,330,513

DEPRECIATION

At 1st January 2025

225,012

6,235

1,862,477

2,093,724

Charge for year

24,938

-

772,111

797,049

Eliminated on disposal

-

-

(91,507

)

(91,507

)

At 31st December 2025

249,950

6,235

2,543,081

2,799,266

NET BOOK VALUE

At 31st December 2025

-

-

1,531,247

1,531,247

At 31st December 2024

24,938

-

1,597,219

1,622,157

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,080,952

791,785

Amounts owed by group undertakings

-

50,639

Directors' current accounts

124,848

-

VAT

4,947

-

Prepayments and accrued income

69,304

65,556

1,280,051

907,980

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Unlisted investments

-

621,778

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

256,313

154,961

Trade creditors

202,354

156,351

Amounts owed to group undertakings

9,761

-

Social security and other taxes

47,399

45,636

VAT

-

44,286

Other creditors

747

2,700

Accruals and deferred income

22,779

18,473

539,353

422,407

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

520,725

342,494

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

777,038

497,455

11.	RELATED PARTY DISCLOSURES

The following transactions were made between Durham City Transport Limited and another company in which a director has a participating interest.

Management charges to Durham City Transport Limited £180,000 (2024 - £180,000)

Balance owing by the company as at 31 December 2025 - £4,798 (2024 owed - £50,639).

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Durham City Property (Holdings) Limited.