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REGISTERED NUMBER: 08026419 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

DMC MOTORS LIMITED

DMC MOTORS LIMITED (REGISTERED NUMBER: 08026419)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DMC MOTORS LIMITED

Company Information
for the year ended 31 October 2023







Director: Mr D McMullen





Registered office: 23 Algitha Road
Skegness
Lincolnshire
PE25 2AG





Registered number: 08026419 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

DMC MOTORS LIMITED (REGISTERED NUMBER: 08026419)

Statement of Financial Position
31 October 2023

2023 2022
Notes £ £
Current assets
Stocks 4 16,850 23,000
Debtors 5 1,633 2,070
Cash at bank 16,179 25,447
34,662 50,517
Creditors
Amounts falling due within one year 6 23,304 39,502
Net current assets 11,358 11,015
Total assets less current liabilities 11,358 11,015

Capital and reserves
Called up share capital 7 1 1
Retained earnings 8 11,357 11,014
Shareholders' funds 11,358 11,015

DMC MOTORS LIMITED (REGISTERED NUMBER: 08026419)

Statement of Financial Position - continued
31 October 2023


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

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

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2024 and were signed by:





Mr D McMullen - Director


DMC MOTORS LIMITED (REGISTERED NUMBER: 08026419)

Notes to the Financial Statements
for the year ended 31 October 2023


1. Statutory information

DMC Motors Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Revenue is recognised at the point of goods being sold and ownership of those goods passing to the customer.

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 Income Statement, 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 statement of financial position date.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Stocks
2023 2022
£ £
Stocks 16,850 23,000

5. Debtors: amounts falling due within one year
2023 2022
£ £
Other debtors 245 245
Prepayments 1,388 1,825
1,633 2,070

6. Creditors: amounts falling due within one year
2023 2022
£ £
Receipt on account 4,300 -
Trade creditors 1,941 1,884
Corporation tax 443 -
VAT 927 8,788
Directors' current accounts 15,693 28,830
23,304 39,502

DMC MOTORS LIMITED (REGISTERED NUMBER: 08026419)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


7. Called up share capital

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

8. Reserves
Retained
earnings
£

At 1 November 2022 11,014
Profit for the year 2,343
Dividends (2,000 )
At 31 October 2023 11,357