Dartmoor 4x4 Limited 08272897 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is the maintenance, repair and sale of motor vehicles. Digita Accounts Production Advanced 6.30.9574.0 true 08272897 2022-11-01 2023-10-31 08272897 2023-10-31 08272897 core:RetainedEarningsAccumulatedLosses 2023-10-31 08272897 core:ShareCapital 2023-10-31 08272897 core:CurrentFinancialInstruments 2023-10-31 08272897 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 08272897 core:OtherPropertyPlantEquipment 2023-10-31 08272897 bus:SmallEntities 2022-11-01 2023-10-31 08272897 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08272897 bus:FullAccounts 2022-11-01 2023-10-31 08272897 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08272897 bus:RegisteredOffice 2022-11-01 2023-10-31 08272897 bus:Director1 2022-11-01 2023-10-31 08272897 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08272897 core:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 08272897 core:PlantMachinery 2022-11-01 2023-10-31 08272897 countries:EnglandWales 2022-11-01 2023-10-31 08272897 2022-10-31 08272897 core:OtherPropertyPlantEquipment 2022-10-31 08272897 2021-11-01 2022-10-31 08272897 2022-10-31 08272897 core:RetainedEarningsAccumulatedLosses 2022-10-31 08272897 core:ShareCapital 2022-10-31 08272897 core:CurrentFinancialInstruments 2022-10-31 08272897 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 08272897 core:OtherPropertyPlantEquipment 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 08272897

Dartmoor 4x4 Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Dartmoor 4x4 Limited
(Registration number: 08272897)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Dartmoor 4x4 Limited
(Registration number: 08272897)

Company Information

Director

Mr G Bulley

Registered office

East Church Farm
East Church Lane
Hittisleigh
Devon
EX6 6LF

Accountants

Thompson Jenner LLP
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

Dartmoor 4x4 Limited
(Registration number: 08272897)

Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,127

3,203

Current assets

 

Debtors

5

974

2,157

Cash at bank and in hand

 

51,410

28,679

 

52,384

30,836

Creditors: Amounts falling due within one year

6

(34,684)

(16,956)

Net current assets

 

17,700

13,880

Total assets less current liabilities

 

18,827

17,083

Provisions for liabilities

(215)

(609)

Net assets

 

18,612

16,474

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

18,512

16,374

Total equity

 

18,612

16,474

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Dartmoor 4x4 Limited
(Registration number: 08272897)

Balance Sheet as at 31 October 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 4 March 2024
 

.........................................
Mr G Bulley
Director

 

Dartmoor 4x4 Limited
(Registration number: 08272897)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
East Church Farm
East Church Lane
Hittisleigh
Devon
EX6 6LF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

The job retention scheme grant has been recognised under the accrual model and is credited to income over the periods in which the compensated costs have been recognised.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Dartmoor 4x4 Limited
(Registration number: 08272897)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight-line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Dartmoor 4x4 Limited
(Registration number: 08272897)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2022 - 3).

 

Dartmoor 4x4 Limited
(Registration number: 08272897)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Plant and Machinery
£

Total
£

Cost or valuation

At 1 November 2022

10,381

10,381

At 31 October 2023

10,381

10,381

Depreciation

At 1 November 2022

7,178

7,178

Charge for the year

2,076

2,076

At 31 October 2023

9,254

9,254

Carrying amount

At 31 October 2023

1,127

1,127

At 31 October 2022

3,203

3,203

5

Debtors

2023
£

2022
£

Trade debtors

974

2,157

Total current trade and other debtors

974

2,157

 

Dartmoor 4x4 Limited
(Registration number: 08272897)

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

63

-

Amounts owed to group undertakings and undertakings in which the company has a participating interest

-

11,085

Taxation and social security

 

2,391

3,273

Other creditors

 

30,500

1,298

Accrued expenses

 

1,730

1,300

 

34,684

16,956