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REGISTERED NUMBER: 08376763 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

D S Motortech Limited

D S Motortech Limited (Registered number: 08376763)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D S Motortech Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: S Cuming
D Britton





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 08376763 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

D S Motortech Limited (Registered number: 08376763)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,534 125,718

CURRENT ASSETS
Stocks 5,000 7,950
Debtors 5 36,757 29,183
Cash at bank and in hand 61,740 71,792
103,497 108,925
CREDITORS
Amounts falling due within one year 6 99,981 99,543
NET CURRENT ASSETS 3,516 9,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,050

135,100

CREDITORS
Amounts falling due after more than one
year

7

(46,294

)

(55,592

)

PROVISIONS FOR LIABILITIES 10 (27,346 ) (20,664 )
NET ASSETS 49,410 58,844

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 49,310 58,744
SHAREHOLDERS' FUNDS 49,410 58,844

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Motortech Limited (Registered number: 08376763)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

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




S Cuming - Director



D Britton - Director


D S Motortech Limited (Registered number: 08376763)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

D S Motortech 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.

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 - Over the term of the lease
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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 Motortech Limited (Registered number: 08376763)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 55,346 167,362 912 2,854 226,474
Additions - 15,034 - - 15,034
At 31 August 2023 55,346 182,396 912 2,854 241,508
DEPRECIATION
At 1 September 2022 21,947 77,391 491 927 100,756
Charge for year 5,569 15,255 105 289 21,218
At 31 August 2023 27,516 92,646 596 1,216 121,974
NET BOOK VALUE
At 31 August 2023 27,830 89,750 316 1,638 119,534
At 31 August 2022 33,399 89,971 421 1,927 125,718

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 8,421 1,765
S.D.G. Building Limited 19,592 21,277
Sundry debtors 1,800 -
Directors' current accounts 3,077 -
Tax 1,038 -
Prepayments 2,829 6,141
36,757 29,183

D S Motortech Limited (Registered number: 08376763)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,413 10,956
Trade creditors 25,874 36,792
Corporation tax 19,215 20,176
Social security and other taxes 4,802 792
VAT 15,964 6,308
Other creditors 5,144 5,144
Directors' current accounts 4,426 6,579
Accrued expenses 14,143 12,796
99,981 99,543

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans due one to two
years 11,418 11,448
Bank loans due two to five years 34,876 37,522
Bank loans due more than five years - 6,622
46,294 55,592

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due more than five years - 6,622

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.23 31.8.22
£    £   
Within one year 1,423 1,552
Between one and five years - 1,423
1,423 2,975

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 56,707 66,548

The bank loan is secured by means of a fixed and floating charge over all present and future assets of the company, by personal guarantees given by the current directors of D S Motortech Limited and by a secondary charge over the freehold property owned by a connected company, S.D.G. Building Limited.

The hire purchase creditor is secured on the asset to which it relates.

D S Motortech Limited (Registered number: 08376763)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


10. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 27,346 20,664

Deferred
tax
£   
Balance at 1 September 2022 20,664
Charge to Statement of Income and Retained Earnings during year 6,682
Balance at 31 August 2023 27,346

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
S Cuming
Balance outstanding at start of year - -
Amounts advanced 3,077 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,077 -

13. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.