D44 Store Limited

Contents

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

D44 Store Limited

Company Information

Directors	E A Wrench-Buck S Wrench-Buck

Company secretary

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

D44 Store Limited

(Registration number: 05217838)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	-	1,381
Current assets
Stocks	6	441,648	517,095
Debtors	7	333,271	391,411
Cash at bank and in hand		70,603	48,903
		845,522	957,409
Creditors: Amounts falling due within one year	8	(556,430)	(557,255)
Net current assets		289,092	400,154
Total assets less current liabilities		289,092	401,535
Creditors: Amounts falling due after more than one year	8	-	(8,665)
Provisions for liabilities		-	(302)
Net assets		289,092	392,568
Capital and reserves
Called up share capital	9	1	1
Profit and loss account		289,091	392,567
Shareholders' funds		289,092	392,568

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:
 

D44 Store Limited

(Registration number: 05217838)
Balance Sheet as at 31 December 2025

......................................... E A Wrench-Buck Director

D44 Store 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 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.

D44 Store 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
Computer equipment	25% straight line 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.

D44 Store 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).

D44 Store Limited

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

4	Loss/profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	-	289

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2025	1,479	1,479
Disposals	(1,479)	(1,479)
At 31 December 2025	-	-
Depreciation
At 1 January 2025	98	98
Eliminated on disposal	(98)	(98)
At 31 December 2025	-	-
Carrying amount
At 31 December 2025	-	-
At 31 December 2024	1,381	1,381

6

Stocks

	2025 £	2024 £
Work in progress	54,022	26,000
Other inventories	387,626	491,095
	441,648	517,095

7

Debtors

Current	Note	2025 £	2024 £
Trade debtors		26,108	16,954
Amounts owed by related parties	12	300,944	374,330
Prepayments		4,469	45
Other debtors		1,750	82
		333,271	391,411

D44 Store Limited

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

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	67,372	60,592
Trade creditors		284,986	230,689
Amounts owed to group undertakings and undertakings in which the company has a participating interest	12	204,072	243,720
Taxation and social security		-	22,557
Other creditors		-	(303)
		556,430	557,255

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	-	8,665

9	Share capital

Allotted, called up and fully paid shares

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

D44 Store Limited

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

10	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	58,205	50,090
	67,372	60,592

11

Dividends

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

12	Related party transactions

Summary of transactions with parent

Devon 4x4 Centre Limited During the year the parent company 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	255,311

D44 Store Limited

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

Expenditure with and payables to related parties

2025	Parent £	Entities with joint control or significant influence £
Purchase of goods	-	84,809
Rendering of services	55,000	-
	55,000	84,809

Loans to related parties

2025	Parent £	Entities with joint control or significant influence £	Total £
At start of period	262,605	87,550	350,155
Advanced	899,461	22,958	922,419
Repaid	(1,012,829)	(1,000)	(1,013,829)
At end of period	149,237	109,508	258,745

Loans from related parties

2025	Entities with joint control or significant influence £	Total £
At start of period	219,544	219,544
Advanced	407,657	407,657
Repaid	(423,129)	(423,129)
At end of period	204,072	204,072

13	Parent and ultimate parent undertaking

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