Company Registration No. 03348553 (England and Wales)
DC Automobiles Limited
Unaudited accounts
for the year ended 30 April 2022
DC Automobiles Limited
Unaudited accounts
Contents
DC Automobiles Limited
Company Information
for the year ended 30 April 2022
Company Number
03348553 (England and Wales)
Registered Office
41-43 Nork Way
Banstead
Surrey
SM7 1PB
Accountants
Maddox & Maddox Ltd
9 Commercial Yard
Barnard Castle
County Durham
DL12 8FE
DC Automobiles Limited
Statement of financial position
as at 30 April 2022
Tangible assets
35,826
29,167
Inventories
720,978
643,990
Cash at bank and in hand
1,445,935
1,582,963
Creditors: amounts falling due within one year
(168,643)
(194,243)
Net current assets
2,078,915
2,124,048
Total assets less current liabilities
2,114,741
2,153,215
Creditors: amounts falling due after more than one year
-
(158,000)
Provisions for liabilities
Deferred tax
(3,826)
(3,826)
Net assets
2,110,915
1,991,389
Called up share capital
1,000
1,000
Profit and loss account
2,109,915
1,990,389
Shareholders' funds
2,110,915
1,991,389
For the year ending 30 April 2022 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 director acknowledges his 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 and authorised for issue on 24 June 2022 and were signed on its behalf by
Mr DR Cobbett
Director
Company Registration No. 03348553
DC Automobiles Limited
Notes to the Accounts
for the year ended 30 April 2022
DC Automobiles Limited is a private company, limited by shares, registered in England and Wales, registration number 03348553. The registered office is 41-43 Nork Way, Banstead, Surrey, SM7 1PB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
DC Automobiles Limited
Notes to the Accounts
for the year ended 30 April 2022
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 May 2021
26,367
1,234
11,886
14,275
7,557
61,319
Additions
-
8,968
-
-
1,097
10,065
Disposals
-
-
-
-
(7,140)
(7,140)
At 30 April 2022
26,367
10,202
11,886
14,275
1,514
64,244
At 1 May 2021
-
1,056
10,299
13,382
7,415
32,152
Charge for the year
-
2,287
397
223
499
3,406
On disposals
-
-
-
-
(7,140)
(7,140)
At 30 April 2022
-
3,343
10,696
13,605
774
28,418
At 30 April 2022
26,367
6,859
1,190
670
740
35,826
At 30 April 2021
26,367
178
1,587
893
142
29,167
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
78,129
90,016
Accrued income and prepayments
2,516
1,322
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
1,122
48,814
Taxes and social security
46,913
47,167
Other creditors
2,911
3,253
Loans from directors
88,393
58,000
7
Creditors: amounts falling due after more than one year
2022
2021
DC Automobiles Limited
Notes to the Accounts
for the year ended 30 April 2022
8
Deferred taxation
2022
2021
Accelerated capital allowances
3,826
3,826
Provision at start of year
3,826
5,005
Credited to the profit and loss account
-
(1,179)
Provision at end of year
3,826
3,826
9
Average number of employees
During the year the average number of employees was 5 (2021: 5).
