Company Registration No. 11928452 (England and Wales)
DPM Autobody Limited
Unaudited accounts
for the year ended 30 April 2023
DPM Autobody Limited
Unaudited accounts
Contents
DPM Autobody Limited
Company Information
for the year ended 30 April 2023
Director
David Pearce-Martin
Company Number
11928452 (England and Wales)
Registered Office
Causeway Yard
Bodle Street
Herstmonceux
BN27 4UA
Accountants
TRP Accountancy Ltd
Bumpkin Shaw Yard
Rock Lane
Hastings
East Sussex
TN35 4NY
DPM Autobody Limited
Statement of financial position
as at 30 April 2023
Tangible assets
34,789
29,443
Cash at bank and in hand
25,188
26,327
Creditors: amounts falling due within one year
(23,511)
(13,482)
Net current assets
15,477
23,234
Total assets less current liabilities
50,266
52,677
Creditors: amounts falling due after more than one year
(16,608)
(23,835)
Called up share capital
1
1
Profit and loss account
33,657
28,841
Shareholders' funds
33,658
28,842
For the year ending 30 April 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 January 2024 and were signed on its behalf by
David Pearce-Martin
Director
Company Registration No. 11928452
DPM Autobody Limited
Notes to the Accounts
for the year ended 30 April 2023
DPM Autobody Limited is a private company, limited by shares, registered in England and Wales, registration number 11928452. The registered office is Causeway Yard, Bodle Street, Herstmonceux, BN27 4UA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Plant and machinery equipment depreciated over 3 years using the straight-line depreciation method
Motor vehicles
Motor vehicles depreciated at 25% per annum using the reducing balance deprecation method
Fixtures & fittings
Camera depreciated over 3 years using the straight-line depreciation method
Computer equipment
Computer equipment depreciated over 3 years using the straight-line depreciation method
Other tangible fixed assets
Leasehold improvements depreciated over 15 years using the straight-line depreciation method
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
DPM Autobody Limited
Notes to the Accounts
for the year ended 30 April 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2022
3,136
8,700
24,806
1,378
38,020
Additions
-
13,700
-
832
14,532
At 30 April 2023
3,136
22,400
24,806
2,210
52,552
At 1 May 2022
784
2,175
4,961
657
8,577
Charge for the year
784
6,110
1,654
638
9,186
At 30 April 2023
1,568
8,285
6,615
1,295
17,763
At 30 April 2023
1,568
14,115
18,191
915
34,789
At 30 April 2022
2,352
6,525
19,845
721
29,443
Amounts falling due within one year
Other debtors
13,800
10,389
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,634
8,857
Loans from directors
6,781
-
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
1,845
3,146
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
DPM Autobody Limited
Notes to the Accounts
for the year ended 30 April 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
0% Loan
389
16,855
24,025
(6,781)
389
16,855
24,025
(6,781)
10
Transactions with related parties
The company was under the control of David Pearce-Martin throughout the current financial year. David Pearce-Martin is both the managing director and sole owner of shares to which voting rights are attached.
Nature of control:
Ownership of shares – 75% or more
Ownership of voting rights - 75% or more
Right to appoint and remove directors
The ultimate controlling party is David Pearce-Martin.
12
Average number of employees
During the year the average number of employees was 4 (2022: 3).