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REGISTERED NUMBER: 05577902 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

D.S. AUTOMOTIVE LTD

D.S. AUTOMOTIVE LTD (REGISTERED NUMBER: 05577902)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D.S. AUTOMOTIVE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: D Smith
M J C Smith





SECRETARY: D Smith





REGISTERED OFFICE: 31 - 33 Rutherford Close
Progress Road Ind Estate
Eastwood
Leigh-on-Sea
Essex
SS9 5LQ





REGISTERED NUMBER: 05577902 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

D.S. AUTOMOTIVE LTD (REGISTERED NUMBER: 05577902)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 33,644 42,521
33,644 42,521

CURRENT ASSETS
Inventories 25,493 24,881
Debtors 6 8,091 16,582
Cash at bank and in hand 385,521 291,537
419,105 333,000
CREDITORS
Amounts falling due within one year 7 89,555 97,696
NET CURRENT ASSETS 329,550 235,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,194

277,825

PROVISIONS FOR LIABILITIES 7,928 7,631
NET ASSETS 355,266 270,194

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 355,264 270,192
SHAREHOLDERS' FUNDS 355,266 270,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

D.S. AUTOMOTIVE LTD (REGISTERED NUMBER: 05577902)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





D Smith - Director


D.S. AUTOMOTIVE LTD (REGISTERED NUMBER: 05577902)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

D.S. Automotive Ltd 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Inventories 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

D.S. AUTOMOTIVE LTD (REGISTERED NUMBER: 05577902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 30,000
AMORTISATION
At 1 December 2022
and 30 November 2023 30,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Long Plant and and
leasehold equipment fittings
£    £    £   
COST
At 1 December 2022
and 30 November 2023 3,310 89,698 3,939
DEPRECIATION
At 1 December 2022 3,310 63,992 1,753
Charge for year - 4,631 328
At 30 November 2023 3,310 68,623 2,081
NET BOOK VALUE
At 30 November 2023 - 21,075 1,858
At 30 November 2022 - 25,706 2,186

D.S. AUTOMOTIVE LTD (REGISTERED NUMBER: 05577902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 17,550 28,954 143,451
DEPRECIATION
At 1 December 2022 6,238 25,637 100,930
Charge for year 2,828 1,090 8,877
At 30 November 2023 9,066 26,727 109,807
NET BOOK VALUE
At 30 November 2023 8,484 2,227 33,644
At 30 November 2022 11,312 3,317 42,521

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,091 9,725
Other debtors - 6,857
8,091 16,582

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 38,231 52,703
Taxation and social security 46,536 40,380
Other creditors 4,788 4,613
89,555 97,696