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REGISTERED NUMBER: 04951750 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Dey Motor Company Limited

Dey Motor Company Limited (Registered number: 04951750)






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

Chartered Accountants' Report 8

Dey Motor Company Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr P S Dey
Mr R G Dey





SECRETARY: Mr R G Dey





REGISTERED OFFICE: Unit 10 Valley Court
Sanderson Way
Middlewich
CW10 0GF





REGISTERED NUMBER: 04951750 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Dey Motor Company Limited (Registered number: 04951750)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,317 6,389

CURRENT ASSETS
Stocks 5 86,604 62,604
Debtors 6 35,050 39,092
Cash at bank and in hand 16,980 78,717
138,634 180,413
CREDITORS
Amounts falling due within one year 7 (445,611 ) (465,353 )
NET CURRENT LIABILITIES (306,977 ) (284,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(301,660

)

(278,551

)

CREDITORS
Amounts falling due after more than one
year

8

(15,000

)

(25,000

)

PROVISIONS FOR LIABILITIES (1,253 ) (1,142 )
NET LIABILITIES (317,913 ) (304,693 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (317,915 ) (304,695 )
SHAREHOLDERS' FUNDS (317,913 ) (304,693 )

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.

Dey Motor Company Limited (Registered number: 04951750)

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 and authorised for issue by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





Mr P S Dey - Director


Dey Motor Company Limited (Registered number: 04951750)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Dey Motor Company 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.

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.

As at the balance sheet date the company had net current liabilities of £306,977 (2022: £284,940) and net liabilities of £317,913 (2022: £304,693).The company relies on the loan funding provided by it's directors. The directors are of the opinion that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of support by its directors,

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on reducing balance

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 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.

Dey Motor Company Limited (Registered number: 04951750)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022
and 30 November 2023 4,596 2,183 9,549
DEPRECIATION
At 1 December 2022 3,592 1,688 7,742
Charge for year 151 74 271
At 30 November 2023 3,743 1,762 8,013
NET BOOK VALUE
At 30 November 2023 853 421 1,536
At 30 November 2022 1,004 495 1,807

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 15,097 3,284 34,709
DEPRECIATION
At 1 December 2022 12,822 2,476 28,320
Charge for year 455 121 1,072
At 30 November 2023 13,277 2,597 29,392
NET BOOK VALUE
At 30 November 2023 1,820 687 5,317
At 30 November 2022 2,275 808 6,389

5. STOCKS
2023 2022
£    £   
Stocks 86,604 62,604

Dey Motor Company Limited (Registered number: 04951750)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29 3,217
Payment on account 30 -
Other debtors 28,516 28,143
VAT 328 10
Prepayments 6,147 7,722
35,050 39,092

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,386 6,945
Credit cards - 453
Related company balances 359,015 360,850
Directors' current accounts 72,460 85,420
Accrued expenses 1,750 1,685
445,611 465,353

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,000 15,000
15,000 25,000

9. OTHER FINANCIAL COMMITMENTS

As at year ended 30th November 2023, the company had total outstanding loan of £25,000.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mr R G Dey
Balance outstanding at start of year (36,719 ) (36,719 )
Amounts repaid (104 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (36,823 ) (36,719 )

Dey Motor Company Limited (Registered number: 04951750)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr P S Dey
Balance outstanding at start of year (48,702 ) (29,438 )
Amounts advanced 13,170 31,838
Amounts repaid (105 ) (51,102 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (35,637 ) (48,702 )

11. RELATED PARTY DISCLOSURES

Dreamcoat Windows Limited

A company in which Mr P S Dey is a director.


During the financial year loans were advanced to Dreamcoat Windows Limited of £13.

Wizard Property Development Limited

A company in which Mr P S Dey is a director.


During the financial year loans were advanced by Wizard Property Development Limited of £849 with repayments being made of £2,683.

Cheshire Tap Ltd

A company in which Mr P S Dey is a director


During the financial year loans were advanced to Cheshire Tap Ltd of £360.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Dey Motor Company Limited (Registered number: 04951750)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dey Motor Company Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dey Motor Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dey Motor Company Limited and state those matters that we have agreed to state to the Board of Directors of Dey Motor Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dey Motor Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dey Motor Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Dey Motor Company Limited. You consider that Dey Motor Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dey Motor Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................