for the Year Ended
Registration number:
Devon 4 X 4 Centre Limited
Contents
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Company Information |
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Directors' Report |
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Consolidated Profit and Loss Account |
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Consolidated Statement of Comprehensive Income |
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Consolidated Balance Sheet |
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Balance Sheet |
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Consolidated Statement of Changes in Equity |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Devon 4 X 4 Centre Limited
Company Information
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Directors |
E A Wrench-Buck S Wrench-Buck |
|
Company secretary |
E A Wrench-Buck |
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Registered office |
|
Devon 4 X 4 Centre Limited
Directors' Report for the Year Ended 31 December 2025
The directors present their report and the for the year ended 31 December 2025.
Directors of the group
The directors who held office during the year were as follows:
Principal activity
The principal activity of the group is the holding company for a group specialising in the manufacture, re-sale and repair of four wheel drive vehicles.
Approved and authorised by the
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......................................... |
Devon 4 X 4 Centre Limited
Consolidated Profit and Loss Account for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
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|
Gross profit |
|
|
|
|
Distribution costs |
( |
( |
|
|
Administrative expenses |
( |
( |
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Other operating income |
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|
|
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Operating profit |
|
|
|
|
Other interest receivable and similar income |
|
|
|
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Interest payable and similar expenses |
( |
( |
|
|
88 |
(2,435) |
||
|
Profit before tax |
|
|
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Tax on profit |
( |
( |
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|
Profit for the financial year |
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Profit/(loss) attributable to: |
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Owners of the company |
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The group has no recognised gains or losses for the year other than the results above.
Devon 4 X 4 Centre Limited
Consolidated Statement of Comprehensive Income for the Year Ended 31 December 2025
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2025 |
2024 |
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Profit for the year |
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Total comprehensive income for the year |
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|
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Total comprehensive income attributable to: |
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Owners of the company |
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Devon 4 X 4 Centre Limited
(Registration number: 03080962)
Consolidated Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
|
( |
|
|
|
|
||
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Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
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Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
50,100 |
50,100 |
|
|
Revaluation reserve |
409,408 |
409,408 |
|
|
Retained earnings |
854,554 |
940,054 |
|
|
Equity attributable to owners of the company |
1,314,062 |
1,399,562 |
|
|
Shareholders' funds |
1,314,062 |
1,399,562 |
Devon 4 X 4 Centre Limited
(Registration number: 03080962)
Consolidated Balance Sheet as at 31 December 2025
For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
.........................................
S Wrench-Buck
Director
Devon 4 X 4 Centre Limited
(Registration number: 03080962)
Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
|
|
Fixed assets |
|||
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Tangible assets |
|
|
|
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Investments |
|
|
|
|
|
|
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Current assets |
|||
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Debtors |
|
|
|
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Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current liabilities |
( |
( |
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
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Provisions for liabilities |
( |
( |
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|
Net assets |
|
|
|
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Capital and reserves |
|||
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Called up share capital |
50,100 |
50,100 |
|
|
Revaluation reserve |
409,408 |
409,408 |
|
|
Retained earnings |
149,167 |
173,963 |
|
|
Shareholders' funds |
608,675 |
633,471 |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the Board on 16 July 2026 and signed on its behalf by:
.........................................
S Wrench-Buck
Director
The company made a profit after tax for the financial year of £99,073 (2024 - profit of £96,217).
For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Devon 4 X 4 Centre Limited
(Registration number: 03080962)
Balance Sheet as at 31 December 2025
Directors' responsibilities:
|
• |
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|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Devon 4 X 4 Centre Limited
Consolidated Statement of Changes in Equity for the Year Ended 31 December 2025
Equity attributable to the parent company
|
Share capital |
Revaluation reserve |
Retained earnings |
Total equity |
|
|
At 1 January 2025 |
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
Dividends |
- |
- |
( |
( |
|
At 31 December 2025 |
|
|
|
|
Devon 4 X 4 Centre Limited
Statement of Changes in Equity for the Year Ended 31 December 2025
|
Share capital |
Revaluation reserve |
Retained earnings |
Total |
|
|
At 1 January 2025 |
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
Dividends |
- |
- |
( |
( |
|
At 31 December 2025 |
|
|
|
|
|
Share capital |
Revaluation reserve |
Retained earnings |
Total |
|
|
At 1 January 2024 |
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
Dividends |
- |
- |
( |
( |
|
At 31 December 2024 |
50,100 |
409,408 |
173,963 |
633,471 |
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
The principal place of business is:
Southlea Business Park
Bish Mill
South Molton
Devon
EX36 3QU
These financial statements were authorised for issue by the
|
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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
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.
Basis of consolidation
The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 December 2025.
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.
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 group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the group.
The group 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 group's activities.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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 group operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated 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 |
|
Buildings |
2% straight line method |
|
Plant & machinery |
25% reducing balance method |
|
Motor vehicles |
25% reducing balance method |
|
Office equipment |
25% reducing balance method |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the group’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.
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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 |
10% straight line method |
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.
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 group 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 group 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.
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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 group 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.
Dividends
Dividend distribution to the group’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 group 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.
|
Other operating income |
The analysis of the group's other operating income for the year is as follows:
|
2025 |
2024 |
|
|
Government grants |
|
|
|
Other gains and losses |
The analysis of the group's other gains and losses for the year is as follows:
|
2025 |
2024 |
|
|
Loss on disposal of Tangible assets |
- |
( |
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Impairment loss |
|
- |
|
Loss on disposal of property, plant and equipment |
- |
|
|
Government grants |
The amount of grants recognised in the financial statements was £
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
|
Other finance income |
|
- |
|
|
|
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on obligations under finance leases and hire purchase contracts |
- |
|
|
Interest expense on other finance liabilities |
|
|
|
Foreign exchange gains |
|
|
|
|
|
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
Other employee expense |
|
|
|
|
|
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
The average number of persons employed by the group (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Production |
|
|
|
Administration and support |
|
|
|
Sales, marketing and distribution |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
In respect of the highest paid director:
|
2025 |
2024 |
|
|
Remuneration |
|
- |
|
Taxation |
Tax charged/(credited) in the consolidated profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
( |
|
|
Tax expense in the income statement |
|
|
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
The tax on profit before tax for the year is lower than the standard rate of corporation tax in the UK (2024 - lower than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Decrease in UK and foreign current tax from adjustment for prior periods |
( |
( |
|
Tax decrease from effect of capital allowances and depreciation |
( |
( |
|
Effect of tax losses |
|
( |
|
Tax decrease arising from group relief |
( |
( |
|
Deferred tax credit from unrecognised temporary difference from a prior period |
( |
- |
|
Total tax charge |
|
|
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Deferred tax
Group
Deferred tax assets and liabilities
|
2025 |
Liability |
|
Accelerated capital allowances |
|
|
|
|
2024 |
Liability |
|
Accelerated capital allowances |
|
|
Losses |
( |
|
|
|
Intangible assets |
Group
|
Goodwill |
Total |
|
|
Cost or valuation |
||
|
At 1 January 2025 |
|
|
|
At 31 December 2025 |
|
|
|
Amortisation |
||
|
At 1 January 2025 |
|
|
|
At 31 December 2025 |
|
|
|
Carrying amount |
||
|
At 31 December 2025 |
|
|
|
At 31 December 2024 |
|
|
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Tangible assets |
Group
|
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Total |
|
|
Cost or valuation |
||||
|
At 1 January 2025 |
|
|
|
|
|
Revaluations |
- |
- |
( |
( |
|
Additions |
|
|
|
|
|
Disposals |
- |
( |
- |
( |
|
At 31 December 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 January 2025 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
Eliminated on disposal |
- |
( |
- |
( |
|
At 31 December 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 31 December 2025 |
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Land and buildings |
Plant and machinery |
Office equipment |
Motor vehicles |
||
|
Cost or valuation |
|||||
|
At 1 January 2025 |
|
|
|
|
|
|
Revaluations |
- |
- |
- |
( |
|
|
Additions |
|
|
|
|
|
|
Disposals |
- |
( |
( |
- |
|
|
At 31 December 2025 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 January 2025 |
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
Eliminated on disposal |
- |
( |
( |
- |
|
|
At 31 December 2025 |
|
|
|
|
|
|
Carrying amount |
|||||
|
At 31 December 2025 |
|
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
|
|
Total |
|||||
|
Cost or valuation |
|||||
|
At 1 January 2025 |
|
||||
|
Revaluations |
( |
||||
|
Additions |
|
||||
|
Disposals |
( |
||||
|
At 31 December 2025 |
|
||||
|
Depreciation |
|||||
|
At 1 January 2025 |
|
||||
|
Charge for the year |
|
||||
|
Eliminated on disposal |
( |
||||
|
At 31 December 2025 |
|
||||
|
Carrying amount |
|||||
|
At 31 December 2025 |
|
||||
|
At 31 December 2024 |
|
||||
Included within the net book value of land and buildings above is £872,686 (2024 - £864,716) in respect of freehold land and buildings.
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Revaluation
The fair value of the group's Land and buildings was revalued on
Underwood Wright Ltd
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2024 - £Nil).
Impairment
Classic cars
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Company
|
Land and buildings |
Plant and machinery |
Office equipment |
Motor vehicles |
||
|
Cost or valuation |
|||||
|
At 1 January 2025 |
|
|
|
|
|
|
Revaluations |
- |
- |
- |
( |
|
|
Additions |
|
|
|
|
|
|
At 31 December 2025 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 January 2025 |
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
At 31 December 2025 |
|
|
|
|
|
|
Carrying amount |
|||||
|
At 31 December 2025 |
|
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
|
|
Total |
|||||
|
Cost or valuation |
|||||
|
At 1 January 2025 |
|
||||
|
Revaluations |
( |
||||
|
Additions |
|
||||
|
At 31 December 2025 |
|
||||
|
Depreciation |
|||||
|
At 1 January 2025 |
|
||||
|
Charge for the year |
|
||||
|
At 31 December 2025 |
|
||||
|
Carrying amount |
|||||
|
At 31 December 2025 |
|
||||
|
At 31 December 2024 |
|
||||
Included within the net book value of land and buildings above is £872,686 (2024 - £864,716) in respect of freehold land and buildings.
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Investments |
Group
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the group holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
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|
Subsidiary undertakings |
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|
|
6 Oaklands Court
|
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England |
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6 Oaklands Court
|
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England |
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6 Oaklands Court
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|
England |
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6 Oaklands Court
|
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England |
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6 Oaklands Court
|
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|
England |
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6 Oaklands Court
|
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England |
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6 Oaklands Court
|
|
|
|
|
England |
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Associates |
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6 Oaklands Court
|
|
|
|
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
England and Wales |
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|
|
6 Oaklands Court
|
|
|
|
|
England and Wales |
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|
|
6 Oaklands Court
|
|
|
|
|
England and Wales |
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* indicates direct investment of the company
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Subsidiary undertakings
|
D44 Store Limited The principal activity of D44 Store Limited is |
|
Devon 4x4 Services Limited The principal activity of Devon 4x4 Services Limited is |
|
Southlea Service Station Limited The principal activity of Southlea Service Station Limited is |
|
Custom Restoration Ltd The principal activity of Custom Restoration Ltd is |
|
Difflock.com Limited The principal activity of Difflock.com Limited is |
|
Replace A Part Limited The principal activity of Replace A Part Limited is |
|
Custom Fabrication Ltd The principal activity of Custom Fabrication Ltd is |
Associate undertakings
|
D44 Properties Ltd
The principal activity of D44 Properties Ltd is |
|
UK 4x4 Centres Limited
The principal activity of UK 4x4 Centres Limited is |
|
Van Modifications UK ltd
The principal activity of Van Modifications UK ltd is |
Company
|
2025 |
2024 |
|
|
Investments in subsidiaries |
|
|
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 January 2025 |
|
|
Provision |
|
|
Carrying amount |
|
|
At 31 December 2025 |
|
|
At 31 December 2024 |
|
|
Stocks |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Work in progress |
|
|
- |
- |
|
Other inventories |
|
|
- |
- |
|
|
|
- |
- |
|
|
Debtors |
|
Group |
Company |
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|
Current |
Note |
2025 |
2024 |
2025 |
2024 |
|
Trade debtors |
|
|
|
|
|
|
Amounts owed by related parties |
|
|
|
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Other debtors |
|
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|
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Prepayments |
|
|
|
|
|
|
Deferred tax assets |
|
|
- |
- |
|
|
Income tax asset |
|
|
- |
- |
|
|
|
|
|
|
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|
Cash and cash equivalents |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Cash on hand |
|
|
- |
- |
|
Cash at bank |
|
|
|
|
|
Short-term deposits |
|
( |
|
|
|
|
( |
|
|
|
|
Bank overdrafts |
( |
( |
( |
( |
|
Cash and cash equivalents in statement of cash flows |
6,162 |
(186,541) |
(28,288) |
(9,877) |
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Creditors |
|
Group |
Company |
||||
|
Note |
2025 |
2024 |
2025 |
2024 |
|
|
Due within one year |
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Loans and borrowings |
|
|
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|
|
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Trade creditors |
|
|
|
|
|
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Amounts due to related parties |
|
|
|
|
|
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Social security and other taxes |
|
|
|
|
|
|
Other payables |
- |
( |
- |
- |
|
|
Corporation tax |
25,903 |
70,795 |
- |
7,871 |
|
|
Deferred income |
|
|
|
|
|
|
|
|
|
|
||
|
Due after one year |
|||||
|
Loans and borrowings |
- |
|
- |
- |
|
|
Deferred income |
|
|
|
|
|
|
75,900 |
119,400 |
75,900 |
80,960 |
||
|
Pension and other schemes |
Defined contribution pension scheme
The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
50,000 |
|
50,000 |
|
|
|
100 |
|
100 |
|
|
|
|
|
|
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Loans and borrowings |
Non-current loans and borrowings
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Bank borrowings |
- |
|
- |
- |
Current loans and borrowings
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Bank borrowings |
|
|
- |
- |
|
Bank overdrafts |
|
|
|
|
|
|
|
|
|
|
|
Related party transactions |
Group
Income and receivables from related parties
|
2025 |
Subsidiary |
|
Receipt of services |
|
|
|
|
|
2024 |
Subsidiary |
|
Sale of goods |
|
|
Receipt of services |
|
|
|
|
|
|
|
Expenditure with and payables to related parties
|
2025 |
Subsidiary |
|
Purchase of goods |
|
|
|
|
Loans to related parties
|
2025 |
Subsidiary |
Total |
|
At start of period |
|
|
|
Advanced |
|
|
|
Repaid |
( |
( |
|
At end of period |
|
|
|
|
||
Devon 4 X 4 Centre Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Loans from related parties
|
2025 |
Subsidiary |
Associates |
Total |
|
At start of period |
|
|
|
|
Advanced |
|
- |
|
|
Repaid |
( |
- |
( |
|
At end of period |
|
|
|
|
|
|||
Company
Income and receivables from related parties
|
2025 |
Subsidiary |
|
Receipt of services |
|
|
|
|
Expenditure with and payables to related parties
|
2025 |
Subsidiary |
|
Purchase of goods |
|
|
|
|