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REGISTERED NUMBER: 05379196 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Dove House Motor Company Ltd

Dove House Motor Company Ltd (Registered number: 05379196)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dove House Motor Company Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr M I Beeston





REGISTERED OFFICE: Dove House
Crown Way
Rushden
Northamptonshire
NN10 6BS





REGISTERED NUMBER: 05379196 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Dove House Motor Company Ltd (Registered number: 05379196)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 928,286 931,240

CURRENT ASSETS
Stocks 262,860 331,381
Debtors 5 103,674 49,719
Cash at bank and in hand 171,500 218,501
538,034 599,601
CREDITORS
Amounts falling due within one year 6 344,654 356,476
NET CURRENT ASSETS 193,380 243,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,121,666

1,174,365

CREDITORS
Amounts falling due after more than one
year

7

(437,823

)

(597,526

)

PROVISIONS FOR LIABILITIES (5,006 ) (4,551 )
NET ASSETS 678,837 572,288

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 677,837 571,288
SHAREHOLDERS' FUNDS 678,837 572,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Dove House Motor Company Ltd (Registered number: 05379196)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:





Mr M I Beeston - Director


Dove House Motor Company Ltd (Registered number: 05379196)

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

1. STATUTORY INFORMATION

Dove House Motor Company Ltd 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.

Revenue
Turnover represents net invoices sale of goods and 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 - 33% on reducing balance, 25% on cost, 25% on reducing balance and 15% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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 9 (2022 - 9 ) .

Dove House Motor Company Ltd (Registered number: 05379196)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 April 2022 887,862 137,149 1,025,011
Additions - 8,852 8,852
Disposals - (5,721 ) (5,721 )
At 31 March 2023 887,862 140,280 1,028,142
DEPRECIATION
At 1 April 2022 - 93,771 93,771
Charge for year - 10,679 10,679
Eliminated on disposal - (4,594 ) (4,594 )
At 31 March 2023 - 99,856 99,856
NET BOOK VALUE
At 31 March 2023 887,862 40,424 928,286
At 31 March 2022 887,862 43,378 931,240

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 80,399 10,611
Other debtors 23,275 39,108
103,674 49,719

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 64,124 61,613
Trade creditors 94,259 65,067
Taxation and social security 72,112 70,443
Other creditors 114,159 159,353
344,654 356,476

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 437,823 497,526
Other creditors - 100,000
437,823 597,526

Dove House Motor Company Ltd (Registered number: 05379196)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans due more 5 years 204,901 254,648

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 501,947 559,139

Barclays Bank hold a mortgage charge over the Freehold Property at Crown Way Rushden.

Barclays also hold a fixed and floating charge over all of the company assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary £1 1,000 1,000

10. RELATED PARTY DISCLOSURES

The director has an outstanding loan of £Nil (2022 - £100,000) made to the company.
The loan is interest free and repayable in not less than 12 months.