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REGISTERED NUMBER: SC163805 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Dunlop Motor Factors Limited

Dunlop Motor Factors Limited (Registered number: SC163805)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dunlop Motor Factors Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mrs K Anderson





REGISTERED OFFICE: 90/92 Springburn Way
Glasgow
G21 1SL





REGISTERED NUMBER: SC163805 (Scotland)





ACCOUNTANTS: McGregor Accountancy (Scotland) Ltd
8 Tom McCabe Gardens
Hamilton
ML3 6LW

Dunlop Motor Factors Limited (Registered number: SC163805)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,298 64,897

CURRENT ASSETS
Stocks 64,995 65,995
Debtors 5 59,662 26,853
Cash at bank and in hand 31,515 89,184
156,172 182,032
CREDITORS
Amounts falling due within one year 6 161,675 194,549
NET CURRENT LIABILITIES (5,503 ) (12,517 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,795

52,380

PROVISIONS FOR LIABILITIES 7 3,089 1,404
NET ASSETS 63,706 50,976

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 63,606 50,876
SHAREHOLDERS' FUNDS 63,706 50,976

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Dunlop Motor Factors Limited (Registered number: SC163805)

Balance Sheet - continued
31 January 2023


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 director and authorised for issue on 5 October 2023 and were signed by:





Mrs K Anderson - Director


Dunlop Motor Factors Limited (Registered number: SC163805)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Dunlop Motor Factors Limited is a private company, limited by shares , registered in Scotland. 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 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.

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.

Dunlop Motor Factors Limited (Registered number: SC163805)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 February 2022 60,000 13,462 3,190
Additions - - 2,926
At 31 January 2023 60,000 13,462 6,116
DEPRECIATION
At 1 February 2022 13,104 2,850 2,953
Charge for year 1,200 270 791
At 31 January 2023 14,304 3,120 3,744
NET BOOK VALUE
At 31 January 2023 45,696 10,342 2,372
At 31 January 2022 46,896 10,612 237

Dunlop Motor Factors Limited (Registered number: SC163805)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 24,157 7,964 108,773
Additions 11,345 382 14,653
At 31 January 2023 35,502 8,346 123,426
DEPRECIATION
At 1 February 2022 17,325 7,644 43,876
Charge for year 4,544 447 7,252
At 31 January 2023 21,869 8,091 51,128
NET BOOK VALUE
At 31 January 2023 13,633 255 72,298
At 31 January 2022 6,832 320 64,897

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 59,117 26,358
Other debtors 545 495
59,662 26,853

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 30,093 40,375
Trade creditors 57,520 55,763
Taxation and social security 14,547 19,152
Other creditors 59,515 79,259
161,675 194,549

7. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 3,089 1,404

Dunlop Motor Factors Limited (Registered number: SC163805)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2022 1,404
Provided during year 1,685
Balance at 31 January 2023 3,089

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100