DRAGON MOTOR SERVICES LTD

DRAGON MOTOR SERVICES LTD

DRAGON MOTOR SERVICES LTD - Company Information

Print Friendly Version

1 February 2019 false Taxfiler 2020.12 true 09940183business:PrivateLimitedCompanyLtd2019-02-012020-01-31 099401832019-01-31 099401832019-02-012020-01-31 09940183business:AuditExemptWithAccountantsReport2019-02-012020-01-31 09940183business:FullAccounts2019-02-012020-01-31 099401832020-01-31 09940183business:Director12019-02-012020-01-31 09940183business:Director22019-02-012020-01-31 09940183business:RegisteredOffice2019-02-012020-01-31 099401832019-01-31 09940183core:WithinOneYear2020-01-31 09940183core:WithinOneYear2019-01-31 09940183core:ShareCapital2020-01-31 09940183core:ShareCapital2019-01-31 09940183core:RetainedEarningsAccumulatedLosses2020-01-31 09940183core:RetainedEarningsAccumulatedLosses2019-01-31 09940183business:SmallEntities2019-02-012020-01-31 09940183countries:EnglandWales2019-02-012020-01-31 09940183core:PlantMachinery2019-02-012020-01-31 09940183core:MotorVehicles2019-02-012020-01-31 09940183core:IntangibleAssetsOtherThanGoodwill2019-01-31 09940183core:IntangibleAssetsOtherThanGoodwill2020-01-31 09940183core:IntangibleAssetsOtherThanGoodwill2019-02-012020-01-31 09940183core:PlantMachinery2019-01-31 09940183core:MotorVehicles2019-01-31 09940183core:PlantMachinery2020-01-31 09940183core:MotorVehicles2020-01-31 09940183core:BetweenOneFiveYears2020-01-31 09940183core:BetweenOneFiveYears2019-01-31 099401832018-02-012019-01-31 iso4217:GBP xbrli:pure
Company Registration No. 09940183 (England and Wales)
DRAGON MOTOR SERVICES LTD Unaudited accounts for the year ended 31 January 2020
DRAGON MOTOR SERVICES LTD Unaudited accounts Contents
Page
- 2 -
DRAGON MOTOR SERVICES LTD Company Information for the year ended 31 January 2020
Directors
J W Williams E Williams
Company Number
09940183 (England and Wales)
Registered Office
PANT Y BUARTH DEPOT PANT Y BUARTH GWERNAFFIELD MOLD CH7 5ER UNITED KINGDOM
Accountants
D Smith FCCA Pen y Cae Cilcain Road Pantymwyn CH7 5EH
- 3 -
DRAGON MOTOR SERVICES LTD Statement of financial position as at 31 January 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
18,000 
21,000 
Tangible assets
5
9,900 
8,783 
27,900 
29,783 
Current assets
Inventories
6
1,870 
1,870 
Debtors
7
338 
- 
Cash at bank and in hand
9,209 
2,789 
11,417 
4,659 
Creditors: amounts falling due within one year
8
(35,298)
(39,117)
Net current liabilities
(23,881)
(34,458)
Net assets/(liabilities)
4,019 
(4,675)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,919 
(4,775)
Shareholders' funds
4,019 
(4,675)
For the year ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2020 and were signed on its behalf by
E Williams Director Company Registration No. 09940183
- 4 -
DRAGON MOTOR SERVICES LTD Notes to the Accounts for the year ended 31 January 2020
1
Statutory information
DRAGON MOTOR SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 09940183. The registered office is PANT Y BUARTH DEPOT PANT Y BUARTH, GWERNAFFIELD, MOLD, CH7 5ER, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
The financial statements have been prepared on a going concern basis on the grounds that the directors expect the company to become profitable in the future.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2019
30,000 
At 31 January 2020
30,000 
Amortisation
At 1 February 2019
9,000 
Charge for the year
3,000 
At 31 January 2020
12,000 
Net book value
At 31 January 2020
18,000 
At 31 January 2019
21,000 
- 5 -
DRAGON MOTOR SERVICES LTD Notes to the Accounts for the year ended 31 January 2020
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2019
17,450 
3,200 
20,650 
Additions
- 
4,450 
4,450 
At 31 January 2020
17,450 
7,650 
25,100 
Depreciation
At 1 February 2019
10,017 
1,850 
11,867 
Charge for the year
1,858 
1,475 
3,333 
At 31 January 2020
11,875 
3,325 
15,200 
Net book value
At 31 January 2020
5,575 
4,325 
9,900 
At 31 January 2019
7,433 
1,350 
8,783 
6
Inventories
2020 
2019 
£ 
£ 
Raw materials
1,870 
1,870 
1,870 
1,870 
7
Debtors
2020 
2019 
£ 
£ 
Trade debtors
338 
- 
8
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,380 
- 
Trade creditors
1,815 
1,126 
Taxes and social security
2,575 
1,557 
Loans from directors
27,028 
35,934 
Accruals
500 
500 
35,298 
39,117 
9
Operating lease commitments
2020 
2019 
£ 
£ 
At 31 January 2020 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
6,645 
6,728 
Within two to five years
6,210 
12,854 
12,855 
19,582 
- 6 -
DRAGON MOTOR SERVICES LTD Notes to the Accounts for the year ended 31 January 2020
10
Average number of employees
During the year the average number of employees was 2 (2019: 2).
- 7 -