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REGISTERED NUMBER: 04663301 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

THE DIY MOTORIST LIMITED

THE DIY MOTORIST LIMITED (REGISTERED NUMBER: 04663301)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE DIY MOTORIST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: M E C Parfitt
Mrs J K Parfitt
M E Parfitt





SECRETARY: Mrs J K Parfitt





REGISTERED OFFICE: Charlton House
Dour Street
DOVER
Kent
CT16 1BL





REGISTERED NUMBER: 04663301 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

THE DIY MOTORIST LIMITED (REGISTERED NUMBER: 04663301)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,267 12,897

CURRENT ASSETS
Stocks 478,182 488,140
Debtors 5 10,389 12,753
Cash at bank 28,692 24,240
517,263 525,133
CREDITORS
Amounts falling due within one year 6 520,704 531,386
NET CURRENT LIABILITIES (3,441 ) (6,253 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,826

6,644

PROVISIONS FOR LIABILITIES 1,761 2,450
NET ASSETS 4,065 4,194

CAPITAL AND RESERVES
Called up share capital 7 3,907 3,907
Retained earnings 158 287
SHAREHOLDERS' FUNDS 4,065 4,194

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 DIY MOTORIST LIMITED (REGISTERED NUMBER: 04663301)

BALANCE SHEET - continued
28 FEBRUARY 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 Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





Mrs J K Parfitt - Director


THE DIY MOTORIST LIMITED (REGISTERED NUMBER: 04663301)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

The DIY Motorist 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's business address is Ellens Road, Walmer, Deal, Kent, CT14 9JJ.

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.

The accounts have been prepared on a going concern basis which assumes the continued support of the directors who will only call on their loan account balance as and when the company can afford to pay it.

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.
Plant and machinery - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

THE DIY MOTORIST LIMITED (REGISTERED NUMBER: 04663301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the 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 11 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 29,027 38,962 18,733 86,722
Additions 1,826 - 175 2,001
Disposals - (16,558 ) - (16,558 )
At 28 February 2023 30,853 22,404 18,908 72,165
DEPRECIATION
At 1 March 2022 26,897 28,729 18,199 73,825
Charge for year 575 4,480 576 5,631
Eliminated on disposal - (16,558 ) - (16,558 )
At 28 February 2023 27,472 16,651 18,775 62,898
NET BOOK VALUE
At 28 February 2023 3,381 5,753 133 9,267
At 28 February 2022 2,130 10,233 534 12,897

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,257 1,260
Other debtors and prepayments 9,132 11,493
10,389 12,753

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,840 5,934
Tax 1,741 1,853
Social security and other taxes 19,144 21,826
Other creditors 5,011 4,600
Directors' loan accounts 486,968 497,173
520,704 531,386

THE DIY MOTORIST LIMITED (REGISTERED NUMBER: 04663301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary £1 4 4
3,903 A Ordinary £1 3,903 3,903
3,907 3,907