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REGISTERED NUMBER: 00463767 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

A.B.Dyne Motors Limited

A.B.Dyne Motors Limited (Registered number: 00463767)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A.B.Dyne Motors Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: P Wright
M P Wright





SECRETARY: P Wright





REGISTERED OFFICE: 88 Crawford Street
London
W1H 2EJ





REGISTERED NUMBER: 00463767 (England and Wales)






A.B.Dyne Motors Limited (Registered number: 00463767)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 106,486 128,399
Investments 5 130,001 130,001
Investment property 6 2,300 2,300
238,787 260,700

CURRENT ASSETS
Stocks 7 208,180 137,413
Debtors 8 1,374,369 1,533,948
Cash at bank and in hand 74,715 25,658
1,657,264 1,697,019
CREDITORS
Amounts falling due within one year 9 (904,490 ) (1,020,692 )
NET CURRENT ASSETS 752,774 676,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

991,561

937,027

CAPITAL AND RESERVES
Called up share capital 1,453 1,453
Share premium 11,766 11,766
Capital redemption reserve 3,209 3,209
Retained earnings 975,133 920,599
991,561 937,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

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 23 October 2023 and were signed on its behalf by:





M P Wright - Director


A.B.Dyne Motors Limited (Registered number: 00463767)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

A.B.Dyne Motors Limited 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 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - 25%,20% and 17.5% on reducing balance.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at cost and relates to an interest in land only.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 25 (2022 - 29 ) .

A.B.Dyne Motors Limited (Registered number: 00463767)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 816,163
Additions 3,268
At 28 February 2023 819,431
DEPRECIATION
At 1 March 2022 687,764
Charge for year 25,181
At 28 February 2023 712,945
NET BOOK VALUE
At 28 February 2023 106,486
At 28 February 2022 128,399

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 130,001
NET BOOK VALUE
At 28 February 2023 130,001
At 28 February 2022 130,001

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 2,300
NET BOOK VALUE
At 28 February 2023 2,300
At 28 February 2022 2,300

Directors believe that the market value of investment property is not materially different from the book value and relates to ground rents.

7. STOCKS
28.2.23 28.2.22
£    £   
Work-in-progress 207,567 136,800
Land for resale 613 613
208,180 137,413

Stock and work in progress include an amount of £613 in relation to land owned by the company which is situated in Iverson Road, London.

A.B.Dyne Motors Limited (Registered number: 00463767)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 319,012 241,742
Amounts owed by group undertakings 892,055 1,060,313
Other debtors 7,225 87,993
Tax 22,479 22,478
Prepayments and accrued income 133,598 121,422
1,374,369 1,533,948

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 212,183 179,585
Tax 18,395 -
Social security and other taxes 21,252 22,309
VAT 8,945 39,223
Other creditors 15,325 16,296
Directors' current accounts 1,470 9,372
Accruals and deferred income 626,920 753,907
904,490 1,020,692