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Company Registration No. 10015464 (England and Wales)
DIGBETH MOTOR SALES LTD Unaudited accounts for the year ended 28 February 2023
DIGBETH MOTOR SALES LTD Unaudited accounts Contents
Page
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DIGBETH MOTOR SALES LTD Company Information for the year ended 28 February 2023
Director
Saber Ahmed
Company Number
10015464 (England and Wales)
Registered Office
462 Dudley Road C/O Fairfield Accountants Ltd Birmingham West Midlands B18 4HF
Accountants
Fairfield Accountants Ltd 462 Dudley Road BIRMINGHAM B18 4HF
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DIGBETH MOTOR SALES LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
447 
566 
Current assets
Inventories
375,000 
275,000 
Cash at bank and in hand
98,484 
45,381 
473,484 
320,381 
Creditors: amounts falling due within one year
(418,596)
(284,292)
Net current assets
54,888 
36,089 
Net assets
55,335 
36,655 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
55,334 
36,654 
Shareholders' funds
55,335 
36,655 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 November 2023 and were signed on its behalf by
Saber Ahmed Director Company Registration No. 10015464
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DIGBETH MOTOR SALES LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
DIGBETH MOTOR SALES LTD is a private company, limited by shares, registered in England and Wales, registration number 10015464. The registered office is 462 Dudley Road, C/O Fairfield Accountants Ltd, Birmingham, West Midlands, B18 4HF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
862 
At 28 February 2023
862 
Depreciation
At 1 March 2022
296 
Charge for the year
119 
At 28 February 2023
415 
Net book value
At 28 February 2023
447 
At 28 February 2022
566 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,659 
9,735 
Taxes and social security
4,405 
7,964 
Other creditors
822 
797 
Loans from directors
410,710 
265,796 
418,596 
284,292 
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DIGBETH MOTOR SALES LTD Notes to the Accounts for the year ended 28 February 2023
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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