Company No: 06661700 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	1,010,955		1,238,862
		1,010,955		1,238,862
Current assets
Stocks		10,204		57,468
Debtors
- due within one year	4	1,844,707		1,420,448
- due after more than one year	4	369,402		540,256
Cash at bank and in hand		274,935		629,534
		2,499,248		2,647,706
Creditors: amounts falling due within one year	5	( 1,530,288)		( 1,581,533)
Net current assets		968,960		1,066,173
Total assets less current liabilities		1,979,915		2,305,035
Creditors: amounts falling due after more than one year	6	( 274,363)		( 437,491)
Provision for liabilities		( 188,670)		( 244,430)
Net assets		1,516,882		1,623,114
Capital and reserves
Called-up share capital	7	50,000		50,000
Profit and loss account		1,466,882		1,573,114
Total shareholder's funds		1,516,882		1,623,114

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Devon Tarmasters (SW) Limited (registered number: 06661700) were approved and authorised for issue by the Board of Directors on 22 June 2026. They were signed on its behalf by:

Ms E West Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Devon Tarmasters (SW) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ambrison House Unit 1 Lorn Haven Business Park, Ashburton, Newton Abbot, TQ13 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	6.67 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	6.67 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes direct materials, and where applicable, direct labour costs and those overheads that have been incurred bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit or loss. Reversal of impairment losses are also recognised in the profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	35		40

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 April 2025	395,855		1,114,975		747,760		70,223		2,328,813
Additions	0		9,378		47,066		4,202		60,646
Disposals	0		( 476,945)		( 15,795)		( 2,075)		( 494,815)
At 31 March 2026	395,855		647,408		779,031		72,350		1,894,644
Accumulated depreciation
At 01 April 2025	0		634,486		407,778		47,687		1,089,951
Charge for the financial year	0		88,005		95,511		6,206		189,722
Disposals	0		( 383,119)		( 10,790)		( 2,075)		( 395,984)
At 31 March 2026	0		339,372		492,499		51,818		883,689
Net book value
At 31 March 2026	395,855		308,036		286,532		20,532		1,010,955
At 31 March 2025	395,855		480,489		339,982		22,536		1,238,862

4. Debtors

	2026		2025
	£		£
Debtors: amounts falling due within one year
Trade debtors	1,289,860		838,992
Amounts owed by Group undertakings	34,872		33,804
Prepayments	63,170		81,136
VAT recoverable	161,598		114,342
Other debtors	295,207		352,174
	1,844,707		1,420,448
Debtors: amounts falling due after more than one year
Other debtors	369,402		540,256

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	835,415		937,644
Accruals	77,228		49,533
Corporation tax	280,677		289,993
Other taxation and social security	47,193		45,541
Obligations under finance leases and hire purchase contracts (secured)	201,432		209,090
Other creditors	88,343		49,732
	1,530,288		1,581,533

6. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Obligations under finance leases and hire purchase contracts (secured)	274,363		437,491

Hire Purchase liabilities are secured over the assets to which they relate to.

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
25,500 Ordinary A shares of £ 1.00 each	25,500		25,500
24,500 Ordinary B shares of £ 1.00 each	24,500		24,500
	50,000		50,000

8. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Opening balance	0		9,450
Less loan repayments	0		(9,450)
Closing balance	0		0
	0		0

Interest has been charged at the official rate and the loan is repayable on demand.

9. Ultimate controlling party

Parent Company:

BEDS (SW) 2023 Limited

Ambrison House Unit 1 Lorn Haven Business Park Ashburton Newton Abbot Devon TQ13 7FF