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REGISTERED NUMBER: 10615786 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 13 FEBRUARY 2017 TO 31 MARCH 2018

FOR

DORSET SPORTS CARS LTD

DORSET SPORTS CARS LTD (REGISTERED NUMBER: 10615786)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 13 February 2017 to 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DORSET SPORTS CARS LTD

COMPANY INFORMATION
for the Period 13 February 2017 to 31 March 2018







DIRECTORS: P J Winter
T D Speed





REGISTERED OFFICE: Three Cross Garage, 99 Ringwood Road
Three Legged Cross
Wimborne
Dorset
BH21 6RD





REGISTERED NUMBER: 10615786 (England and Wales)





ACCOUNTANTS: Enhance
Chartered Accountants & Tax Advisers
38 Middlehill Road
Colehill
Wimborne
Dorset
BH21 2SE

DORSET SPORTS CARS LTD (REGISTERED NUMBER: 10615786)

BALANCE SHEET
31 March 2018

Notes £    £   
FIXED ASSETS
Tangible assets 4 44,036

CURRENT ASSETS
Stocks 1,104,462
Debtors 5 45,672
Cash at bank and in hand 12,635
1,162,769
CREDITORS
Amounts falling due within one year 6 825,580
NET CURRENT ASSETS 337,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

381,225

CREDITORS
Amounts falling due after more than one
year

7

(360,600

)

PROVISIONS FOR LIABILITIES (1,415 )
NET ASSETS 19,210

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 19,110
19,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DORSET SPORTS CARS LTD (REGISTERED NUMBER: 10615786)

BALANCE SHEET - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13 November 2018 and were signed on
its behalf by:





P J Winter - Director


DORSET SPORTS CARS LTD (REGISTERED NUMBER: 10615786)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 13 February 2017 to 31 March 2018

1. STATUTORY INFORMATION

Dorset Sports Cars Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 period 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 period 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.

DORSET SPORTS CARS LTD (REGISTERED NUMBER: 10615786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 13 February 2017 to 31 March 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held
under finance leases are depreciated over their estimated useful lives or the lease term, whichever is
the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 18 .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
Additions 26,684 24,985 7,314 58,983
Disposals - (1,837 ) - (1,837 )
At 31 March 2018 26,684 23,148 7,314 57,146
DEPRECIATION
Charge for period 3,985 5,787 3,338 13,110
At 31 March 2018 3,985 5,787 3,338 13,110
NET BOOK VALUE
At 31 March 2018 22,699 17,361 3,976 44,036

DORSET SPORTS CARS LTD (REGISTERED NUMBER: 10615786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 13 February 2017 to 31 March 2018

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 19,712
At 31 March 2018 19,712
DEPRECIATION
Charge for period 4,928
At 31 March 2018 4,928
NET BOOK VALUE
At 31 March 2018 14,784

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 10,184
Other debtors 35,488
45,672

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 492,364
Hire purchase contracts 23,830
Trade creditors 98,852
Taxation and social security 25,375
Other creditors 185,159
825,580

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Hire purchase contracts 32,350
Other creditors 328,250
360,600

DORSET SPORTS CARS LTD (REGISTERED NUMBER: 10615786)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 13 February 2017 to 31 March 2018

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank overdrafts 106,844
Bank loans 385,520
Hire purchase contracts 56,180
Other loans 37,000
585,544

9. RELATED PARTY DISCLOSURES

P J Winter (director) is owed £265,986 by the company at the balance sheet date.

T D Speed (director) is owed £140,210 by the company at the balance sheet date.

Included within other creditors is a balance of £640 due to Dorset Sports Cars Group Ltd. The loan is
interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Dorset Sports Cars Group Ltd, a company incorporated
in England and Wales, which is it's ultimate holding company.