DO MOTORS LIMITED

Company Registration Number:
NI649920 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

DO MOTORS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

DO MOTORS LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 0 4,995
Total fixed assets: 0 4,995
Current assets
Stocks: 75,769 140,087
Debtors:   5,569 28,453
Cash at bank and in hand: 28,245 12,123
Total current assets: 109,583 180,663
Creditors: amounts falling due within one year:   (49,432) (109,581)
Net current assets (liabilities): 60,151 71,082
Total assets less current liabilities: 60,151 76,077
Creditors: amounts falling due after more than one year:   (20,297) (30,263)
Total net assets (liabilities): 39,854 45,814
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 39,754 45,714
Shareholders funds: 39,854 45,814

The notes form part of these financial statements

DO MOTORS LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 December 2023
and signed on behalf of the board by:

Name: Vyginta Dobiliene
Status: Director

The notes form part of these financial statements

DO MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:Fixtures, fittings and equipment 10% straight lineThe carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

DO MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

DO MOTORS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 5,550
Disposals (5,550)
At 30 June 2023 0
Depreciation
At 01 July 2022 555
On disposals (555)
At 30 June 2023 0
Net book value
At 30 June 2023 0
At 30 June 2022 4,995