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REGISTERED NUMBER: 04486775















Unaudited Financial Statements for the Year Ended 31 March 2022

for

D & D Motor Services Limited

D & D Motor Services Limited (Registered number: 04486775)






Contents of the Financial Statements
for the year ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & D Motor Services Limited

Company Information
for the year ended 31 March 2022







DIRECTORS: A D M Lees
T Woodhall





SECRETARY: Mrs D Lees





REGISTERED OFFICE: Unit 1 Tything Road East
Arden Forest Industrial Estate
Alcester
Warwickshire
B49 6ES





REGISTERED NUMBER: 04486775





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

D & D Motor Services Limited (Registered number: 04486775)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,500
Tangible assets 5 51,631 34,803
51,631 36,303

CURRENT ASSETS
Stocks 25,250 18,824
Debtors 6 16,829 11,390
Cash at bank and in hand 56,514 59,969
98,593 90,183
CREDITORS
Amounts falling due within one year 7 85,991 69,820
NET CURRENT ASSETS 12,602 20,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,233

56,666

CREDITORS
Amounts falling due after more than one
year

8

(58,985

)

(43,055

)

PROVISIONS FOR LIABILITIES (3,586 ) (3,696 )
NET ASSETS 1,662 9,915

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 10 1,658 9,911
SHAREHOLDERS' FUNDS 1,662 9,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

D & D Motor Services Limited (Registered number: 04486775)

Balance Sheet - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 28 June 2022 and were signed on its behalf by:





A D M Lees - Director


D & D Motor Services Limited (Registered number: 04486775)

Notes to the Financial Statements
for the year ended 31 March 2022

1. STATUTORY INFORMATION

D & D Motor Services Limited is a private company, limited by shares , registered in Not specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation.

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.


D & D Motor Services Limited (Registered number: 04486775)

Notes to the Financial Statements - continued
for the year ended 31 March 2022

2. ACCOUNTING POLICIES - continued
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.

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 year was 7 (2021 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 30,000
AMORTISATION
At 1 April 2021 28,500
Charge for year 1,500
At 31 March 2022 30,000
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 1,500

D & D Motor Services Limited (Registered number: 04486775)

Notes to the Financial Statements - continued
for the year ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2021 126,124 2,410 14,010 23,037 165,581
Additions 5,070 - 32,093 - 37,163
Disposals - - (4,659 ) - (4,659 )
At 31 March 2022 131,194 2,410 41,444 23,037 198,085
DEPRECIATION
At 1 April 2021 102,268 2,293 5,731 20,486 130,778
Charge for year 7,231 29 9,312 638 17,210
Eliminated on disposal - - (1,534 ) - (1,534 )
At 31 March 2022 109,499 2,322 13,509 21,124 146,454
NET BOOK VALUE
At 31 March 2022 21,695 88 27,935 1,913 51,631
At 31 March 2021 23,856 117 8,279 2,551 34,803

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 29,092
At 31 March 2022 29,092
DEPRECIATION
Charge for year 7,273
At 31 March 2022 7,273
NET BOOK VALUE
At 31 March 2022 21,819

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 12,964 7,946
Other debtors 1,056 3,444
Prepayments 2,809 -
16,829 11,390

D & D Motor Services Limited (Registered number: 04486775)

Notes to the Financial Statements - continued
for the year ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 6,944
Hire purchase contracts 2,895 -
Trade creditors 44,179 32,157
Tax 6,580 11,967
Social security and other taxes 3,070 4,106
VAT 12,623 8,668
Other creditors 1,740 2,573
Directors' current accounts 2,504 1,405
Accrued expenses 2,400 2,000
85,991 69,820

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 10,000 8,333
Bank loans - 2-5 years 26,871 25,000
Bank loans more 5 yr by instal - 9,722
Hire purchase contracts 22,114 -
58,985 43,055

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 9,722

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 Ordinary 1 2 2
2 A Ordinary 1 2 2
4 4

10. RESERVES
Retained
earnings
£   

At 1 April 2021 9,911
Profit for the year 26,939
Dividends (35,192 )
At 31 March 2022 1,658

D & D Motor Services Limited (Registered number: 04486775)

Notes to the Financial Statements - continued
for the year ended 31 March 2022

11. ULTIMATE CONTROLLING PARTY

The controlling parties throughout the year were Mr ADM & Mrs D Lees by virtue of their 100% holding of the
companies issued ordinary share capital.