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Registered number: 6083161

DGS Motors Ltd

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

DGS Motors Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Mr D Stead
SECRETARY
Miss K G Royds
REGISTERED OFFICE
Heritage House
School Lane
Rochdale
Lancashire
OL16 1QP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 6083161
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

DGS Motors Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

DGS Motors Ltd

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets42,0375,748
CURRENT ASSETS
Stock500500
Debtors63,881-
Cash at bank and in hand60,41963,785
64,80064,285
CREDITORS: Amounts falling due within one year717,66816,013
NET CURRENT ASSETS47,13248,272
TOTAL ASSETS LESS CURRENT LIABILITIES49,16954,020
CREDITORS: Amounts falling due after more than one year821,74031,446
PROVISIONS FOR LIABILITIES AND CHARGES93871,092
NET ASSETS27,04221,482
CAPITAL AND RESERVES
Called up share capital1011
Profit and loss account27,04121,481
SHAREHOLDERS' FUNDS27,04221,482
For the year ending 31/03/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29/03/2024 and signed on their behalf by
.............................
Mr D Stead
Director

DGS Motors Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line 10%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are valued by the director at the lower of cost and net realisable value.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1f. Government Grants
Government grants are recognised at fair value when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are treated as deferred income and allocated to income statement over the useful lives of the related assets while grants related to expenses are treated as other income in the income statement.
1g. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
2. EMPLOYEES
20232022
No.No.
Average number of employees22

DGS Motors Ltd

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/20224,5004,500
At 31/03/20234,5004,500
Depreciation
At 01/04/20224,5004,500
At 31/03/20234,5004,500
Net Book Amounts
At 31/03/2023--
4. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentMotor CarsTotal
££££
Cost
At 01/04/202249034,3833,00037,873
Additions-47-47
At 31/03/202349034,4303,00037,920
Depreciation
At 01/04/202249029,8961,73932,125
For the year-3,4433153,758
At 31/03/202349033,3392,05435,883
Net Book Amounts
At 31/03/2023-1,0919462,037
At 31/03/2022-4,4871,2615,748
5. STOCK 20232022
££
Stock comprises:
Stock500500
500500
6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors3,881-
3,881-

DGS Motors Ltd

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax2,6221,857
VAT1,837678
PAYE control3611,044
Bank Loan10,64810,648
Trade creditors1,000756
Accruals1,2001,030
17,66816,013
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr21,74031,446
21,74031,446
9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation3871,092
3871,092
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
11. CONTROLLING PARTY
The company is controlled by Mr D. Stead (director) by virtue of him owning 100% of the company share capital.