Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30false2022-05-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13040001 2022-05-01 2023-04-30 13040001 2021-05-01 2022-04-30 13040001 2023-04-30 13040001 2022-04-30 13040001 c:Director1 2022-05-01 2023-04-30 13040001 d:CurrentFinancialInstruments 2023-04-30 13040001 d:CurrentFinancialInstruments 2022-04-30 13040001 d:Non-currentFinancialInstruments 2023-04-30 13040001 d:Non-currentFinancialInstruments 2022-04-30 13040001 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13040001 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 13040001 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 13040001 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 13040001 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 13040001 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-04-30 13040001 d:ShareCapital 2023-04-30 13040001 d:ShareCapital 2022-04-30 13040001 d:RetainedEarningsAccumulatedLosses 2023-04-30 13040001 d:RetainedEarningsAccumulatedLosses 2022-04-30 13040001 c:OrdinaryShareClass1 2022-05-01 2023-04-30 13040001 c:OrdinaryShareClass1 2023-04-30 13040001 c:OrdinaryShareClass1 2022-04-30 13040001 c:FRS102 2022-05-01 2023-04-30 13040001 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 13040001 c:FullAccounts 2022-05-01 2023-04-30 13040001 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 13040001 d:Subsidiary1 2022-05-01 2023-04-30 13040001 d:Subsidiary1 1 2022-05-01 2023-04-30 13040001 6 2022-05-01 2023-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13040001









DJJ MOTOR GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
DJJ MOTOR GROUP LIMITED
REGISTERED NUMBER: 13040001

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,608,000
1,608,000

  
1,608,000
1,608,000

  

Creditors: amounts falling due within one year
 5 
(244,687)
(396,674)

Net current liabilities
  
 
 
(244,687)
 
 
(396,674)

Total assets less current liabilities
  
1,363,313
1,211,326

Creditors: amounts falling due after more than one year
 6 
(469,100)
(469,100)

  

Net assets
  
894,213
742,226


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
893,213
741,226

  
894,213
742,226


Page 1

 
DJJ MOTOR GROUP LIMITED
REGISTERED NUMBER: 13040001
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 November 2023.


D J Jinks
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DJJ MOTOR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 13040001.  The Company's registered office is Unit 2 Speedwell Trading Est, Kings Road Tyseley, Birmingham, West Midlands, B11 2AT.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The accounts have been prepared on a going concern basis.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Page 3

 
DJJ MOTOR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 4

 
DJJ MOTOR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2022
1,608,000



At 30 April 2023
1,608,000




Page 5

 
DJJ MOTOR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

City Fleet Care Limited
Ordinary
100%

The registered office of the subsidiary undertaking is the same as the registered office of the parent company, being; Unit 2 Speedwell Trading Est, Kings Road Tyseley, Birmingham, West Midlands, B11 2AT.


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Redeemable loan notes
235,328
387,328

Amounts owed to group undertakings
8,039
8,026

Accruals and deferred income
1,320
1,320

244,687
396,674


Loans due in less than one year include secured redeemable loan notes, secured over the assets of the company, due to shareholders, of £235,328 (2022 - £387,328) which are repayable on demand when the company has sufficient cashflow. No interest is payable on the loan notes. 

Page 6

 
DJJ MOTOR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Irredeemable loan notes
469,100
469,100

469,100
469,100


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable other than by instalments
469,100
469,100

469,100
469,100

Loans due in more than one year include unsecured irredeemable loan notes due to shareholders, of £469,100 (2022 - £469,100). No interest is payable on the loan notes. These loan notes can only be redeemed upon a full exit from the company by the shareholder.


7.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Loan notes
235,328
387,328


235,328
387,328



Amounts falling due after more than 5 years

Loan notes
469,100
469,100

469,100
469,100

704,428
856,428


Page 7

 
DJJ MOTOR GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000


 
Page 8