D + G Autocare (Stirling) Limited
D + G Autocare (Stirling) Limited
Registered number: SC358913
Unaudited Financial Statements
For the Period 1 March 2019 to 31 July 2019
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D + G Autocare (Stirling) Limited
Unaudited Financial Statements
For the Period 1 March 2019 to 31 July 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
D + G Autocare (Stirling) Limited
Balance Sheet
As at
31 July 2019
Balance Sheet
Registered number:
SC358913
For the period ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 July 2019 | 28 February 2019 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 5 |
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| CURRENT ASSETS | |||||
| Stocks | 6 |
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| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 9 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 10 | - |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 11 |
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| Share premium account |
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| Revaluation reserve | 12 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 37,768 | 38,498 | |||
Page 1
D + G Autocare (Stirling) Limited
Balance Sheet (continued)
As at
31 July 2019
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 6 form part of these financial statements.
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D + G Autocare (Stirling) Limited
Notes to the Financial Statements
For the Period 1 March 2019 to 31 July 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.6.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 31 July 2019 | 28 February 2019 | ||
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| Office and administration |
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| Sales, marketing and distribution |
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D + G Autocare (Stirling) Limited
Notes to the Financial Statements (continued)
For the Period 1 March 2019 to 31 July 2019
5.
Tangible Assets
| Plant & Machinery | Motor Vehicles | Computer Equipment | Total | |
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| £ | £ | £ | £ | |
| Cost | ||||
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| Disposals |
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| Depreciation | ||||
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| Disposals |
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| Net Book Value | ||||
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6.
Stocks
| 31 July 2019 | 28 February 2019 | ||
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| Stock - materials |
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7.
Debtors
| 31 July 2019 | 28 February 2019 | ||
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| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Due after more than one year | |||
| Amounts owed by associates |
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Page 4
D + G Autocare (Stirling) Limited
Notes to the Financial Statements (continued)
For the Period 1 March 2019 to 31 July 2019
8.
Creditors: Amounts Falling Due Within One Year
| 31 July 2019 | 28 February 2019 | ||
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| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other taxes and social security | - |
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| VAT | - |
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| Other creditors |
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| Accruals and deferred income |
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9.
Creditors: Amounts Falling Due After More Than One Year
| 31 July 2019 | 28 February 2019 | ||
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| £ | £ | ||
| Amounts owed to associates |
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10.
Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
| 31 July 2019 | 28 February 2019 | ||
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| Deferred tax | - |
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12.
Reserves
| Revaluation Reserve | |
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| As at |
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13.
Related Party Transactions
Page 5
D + G Autocare (Stirling) Limited
Notes to the Financial Statements (continued)
For the Period 1 March 2019 to 31 July 2019
14.
Ultimate Controlling Party
The company's ultimate controlling party is David Hunter and George Simpson by virtue of his ownership of 75% of the issued share capital in the company.
15.
General Information
D + G Autocare (Stirling) Limited is a private company, limited by shares, incorporated in Scotland, registered number SC358913 . The registered office is 9 Nicol Street, Kirkcaldy, Fife, KY1 1NY.
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