Devon 4 X 4 Services Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Devon 4 X 4 Services Limited

Company Information

Directors	EA Wrench-Buck S Wrench-Buck

Registered office

6 Oaklands Court Tiverton Way Tiverton Devon EX16 6TG

Accountants

Withers Steele Limited Chartered Accountants6 Oaklands Court Tiverton Way Tiverton Devon EX16 6TG

Devon 4 X 4 Services Limited

(Registration number: 03797252)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	2,452
Current assets
Stocks	5	93,556	260,375
Debtors	6	831,142	609,172
Cash at bank and in hand		8,566	(168,182)
		933,264	701,365
Creditors: Amounts falling due within one year	7	(559,831)	(397,655)
Net current assets		373,433	303,710
Total assets less current liabilities		373,433	306,162
Creditors: Amounts falling due after more than one year	7	-	(8,665)
Provisions for liabilities		(1,420)	771
Net assets		372,013	298,268
Capital and reserves
Called up share capital	8	2	2
Profit and loss account		372,011	298,266
Shareholders' funds		372,013	298,268

Devon 4 X 4 Services Limited

(Registration number: 03797252)
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.

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 July 2026 and signed on its behalf by:
 

......................................... EA Wrench-Buck Director

Devon 4 X 4 Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Oaklands Court
Tiverton Way
Tiverton
Devon
EX16 6TG
UK

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 Board on 16 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

Devon 4 X 4 Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Devon 4 X 4 Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 5).

Devon 4 X 4 Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	13,103	13,103
Disposals	(13,103)	(13,103)
At 31 December 2025	-	-
Depreciation
At 1 January 2025	10,651	10,651
Eliminated on disposal	(10,651)	(10,651)
At 31 December 2025	-	-
Carrying amount
At 31 December 2025	-	-
At 31 December 2024	2,452	2,452

5

Stocks

	2025 £	2024 £
Work in progress	58,690	233,152
Other inventories	34,866	27,223
	93,556	260,375

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		20,840	24,181
Amounts owed by related parties	11	804,659	583,376
Prepayments		4,223	956
Other debtors		1,420	659
		831,142	609,172

Devon 4 X 4 Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	9,167	21,439
Trade creditors		64,162	20,719
Amounts owed to group undertakings and undertakings in which the company has a participating interest	11	472,128	326,028
Taxation and social security		14,374	29,469
		559,831	397,655

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	-	8,665

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	8,665

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	9,167	10,502
Bank overdrafts	-	10,937
	9,167	21,439

Devon 4 X 4 Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

10

Dividends

		2025		2024
		£		£
Interim dividend of £50,000.00 (2024 - £Nil) per ordinary share		50,000		-

11	Related party transactions

Summary of transactions with parent

Devon 4x4 Centre Limited During the year the parent company charged rent to the company for the unit it occupies and charged a fee to the company for management services.

Summary of transactions with all entities with joint control or significant interest

Group companies During the year the company made sales to and received goods from other group companies.

Income and receivables from related parties

2025	Entities with joint control or significant influence £
Sale of goods	9,292

Expenditure with and payables to related parties

2025	Parent £	Entities with joint control or significant influence £
Purchase of goods	-	285,536
Rendering of services	133,750	-
	133,750	285,536

Loans to related parties

Devon 4 X 4 Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

2025	Parent £	Entities with joint control or significant influence £	Total £
At start of period	387,929	195,447	583,376
Advanced	937,633	226,196	1,163,829
Repaid	(612,891)	(329,654)	(942,545)
At end of period	712,671	91,989	804,660

Loans from related parties

2025	Entities with joint control or significant influence £	Total £
At start of period	326,028	326,028
Advanced	159,885	159,885
Repaid	(13,785)	(13,785)
At end of period	472,128	472,128

12	Parent and ultimate parent undertaking

The company's immediate parent is Devon 4x4 Centre Limited, incorporated in England.