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REGISTERED NUMBER: 05332457 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

D: Class Automotive Limited

D: Class Automotive Limited (Registered number: 05332457)






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


D: Class Automotive Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: D Price





SECRETARY: Braywood Ltd





REGISTERED OFFICE: 35 Station Approach
West Byfleet
Surrey
KT14 6NF





REGISTERED NUMBER: 05332457 (England and Wales)





ACCOUNTANTS: Braywood Ltd
35 Station Approach
West Byfleet
Surrey
KT14 6NF

D: Class Automotive Limited (Registered number: 05332457)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,345 137,349
109,345 137,349

CURRENT ASSETS
Stocks 229,912 130,402
Debtors 5 147,658 195,347
Cash at bank 13,511 20,516
391,081 346,265
CREDITORS
Amounts falling due within one year 6 215,958 149,869
NET CURRENT ASSETS 175,123 196,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,468

333,745

CREDITORS
Amounts falling due after more than one year 7 (23,333 ) (38,123 )

PROVISIONS FOR LIABILITIES (15,938 ) (19,610 )
NET ASSETS 245,197 276,012

CAPITAL AND RESERVES
Called up share capital 20 2
Retained earnings 245,177 276,010
SHAREHOLDERS' FUNDS 245,197 276,012

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 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.

D: Class Automotive Limited (Registered number: 05332457)

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 27 October 2023 and were signed by:





D Price - Director


D: Class Automotive Limited (Registered number: 05332457)

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

1. STATUTORY INFORMATION

D: Class Automotive 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 represents the net invoiced sale of goods and repair services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

D: Class Automotive Limited (Registered number: 05332457)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 274,048
Disposals (30,486 )
At 31 January 2023 243,562
DEPRECIATION
At 1 February 2022 136,699
Charge for year 28,004
Eliminated on disposal (30,486 )
At 31 January 2023 134,217
NET BOOK VALUE
At 31 January 2023 109,345
At 31 January 2022 137,349

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 111,426 157,375
Amounts recoverable on contract 30,363 21,140
Other debtors 5,869 16,832
147,658 195,347

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 12,409 14,426
Hire purchase contracts 968 -
Trade creditors 20,750 10,760
Taxation and social security 176,160 119,448
Other creditors 5,671 5,235
215,958 149,869

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 23,333 38,123

8. OTHER FINANCIAL COMMITMENTS

The company has financial commitments of £343,433.

D: Class Automotive Limited (Registered number: 05332457)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
D Price
Balance outstanding at start of year 11,527 -
Amounts advanced 4,085 11,527
Amounts repaid (11,527 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,085 11,527

The loan to the director was interest free, unsecured and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £57,000 (2022 - £91,000) were paid to the director .

Dividends of £9,000 were also paid to Mrs L Price.

11. ULTIMATE CONTROLLING PARTY

The controlling party is D Price.