Company Registration No. 09940183 (England and Wales)
DRAGON MOTOR SERVICES LTD
Unaudited accounts
for the year ended 31 January 2021
DRAGON MOTOR SERVICES LTD
Unaudited accounts
Contents
DRAGON MOTOR SERVICES LTD
Company Information
for the year ended 31 January 2021
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
DRAGON MOTOR SERVICES LTD
Statement of financial position
as at 31 January 2021
Intangible assets
15,000
18,000
Tangible assets
7,400
9,900
Cash at bank and in hand
16,625
9,209
Creditors: amounts falling due within one year
(34,695)
(35,298)
Net current liabilities
(15,861)
(23,881)
Called up share capital
100
100
Profit and loss account
6,439
3,919
Shareholders' funds
6,539
4,019
For the year ending 31 January 2021 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 26 October 2021 and were signed on its behalf by
J W Williams
Director
Company Registration No. 09940183
DRAGON MOTOR SERVICES LTD
Notes to the Accounts
for the year ended 31 January 2021
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
DRAGON MOTOR SERVICES LTD
Notes to the Accounts
for the year ended 31 January 2021
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2020
17,450
7,650
25,100
At 31 January 2021
17,450
7,650
25,100
At 1 February 2020
11,875
3,325
15,200
Charge for the year
1,394
1,106
2,500
At 31 January 2021
13,269
4,431
17,700
At 31 January 2021
4,181
3,219
7,400
At 31 January 2020
5,575
4,325
9,900
6
Debtors: amounts falling due within one year
2021
2020
7
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
2,386
3,380
Trade creditors
1,519
1,815
Taxes and social security
6,513
2,575
Loans from directors
23,777
27,028
8
Operating lease commitments
2021
2020
At 31 January 2021 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
8,224
6,645
Within two to five years
5,404
6,210
9
Average number of employees
During the year the average number of employees was 2 (2020: 2).