DN TRADE CARS LIMITED - Accounts to registrar (filleted) - small 23.2.5
DN TRADE CARS LIMITED - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 November 2022 |
| for |
| DN TRADE CARS LIMITED |
| DN TRADE CARS LIMITED (Registered number: 06432240) |
| Contents of the Financial Statements |
| for the Year Ended 30 NOVEMBER 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| DN TRADE CARS LIMITED |
| Company Information |
| for the Year Ended 30 NOVEMBER 2022 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Suite 2C, Brosnan House |
| 175 Darkes Lane |
| Potters Bar |
| Hertfordshire |
| EN6 1BW |
| DN TRADE CARS LIMITED (Registered number: 06432240) |
| Balance Sheet |
| 30 NOVEMBER 2022 |
| 30.11.22 | 30.11.21 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| DN TRADE CARS LIMITED (Registered number: 06432240) |
| Balance Sheet - continued |
| 30 NOVEMBER 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| DN TRADE CARS LIMITED (Registered number: 06432240) |
| Notes to the Financial Statements |
| for the Year Ended 30 NOVEMBER 2022 |
| 1. | STATUTORY INFORMATION |
| DN TRADE CARS LIMITED is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.22 | 30.11.21 |
| £ | £ |
| VAT |
| DN TRADE CARS LIMITED (Registered number: 06432240) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 NOVEMBER 2022 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.22 | 30.11.21 |
| £ | £ |
| Bank loans and overdrafts (see note 7) |
| Trade creditors |
| Tax |
| Other creditors |
| Directors' current accounts | - | 9,500 |
| Accrued expenses |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.11.22 | 30.11.21 |
| £ | £ |
| Bank loans (see note 7) |
| Other creditors |
| 7. | LOANS |
| An analysis of the maturity of loans is given below: |
| 30.11.22 | 30.11.21 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.11.22 | 30.11.21 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| DN TRADE CARS LIMITED (Registered number: 06432240) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 NOVEMBER 2022 |
| 9. | RELATED PARTY DISCLOSURES |
| Concept Finance Limited |
| During the year the company sold vehicles totalling £3,548,975 to Concept Finance Limited, a company in which D G Newmarch is a director and shareholder. |
| At 30 November 2022 there was a loan of £78,556 due to Concept Finance Limited. |
| DGN Cars Limited |
| At 30 November 2022 there was a loan of £200,000 due to DGN Cars Limited, a company in which D G Newmarch is a director and shareholder. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The controlling party is D G Newmarch. |