Registered number
05054090
Daleside MOT Limited
Filleted Accounts
29 February 2024
Daleside MOT Limited
Registered number: 05054090
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 3,353 1,798
Current assets
Stocks 200 100
Debtors 5 136 116
Cash at bank and in hand 2,109 3,081
2,445 3,297
Creditors: amounts falling due within one year 6 (5,812) (3,860)
Net current liabilities (3,367) (563)
Total assets less current liabilities (14) 1,235
Provisions for liabilities (349) (342)
Net (liabilities)/assets (363) 893
Capital and reserves
Called up share capital 100 100
Profit and loss account (463) 793
Shareholders' funds (363) 893
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H Lee
Director
Approved by the board on 12 August 2024
Daleside MOT Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at the following rates:-
Plant and machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Stocks
Stocks are measured at the estimated selling price less costs to complete and sell.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 5,000
At 29 February 2024 5,000
Amortisation
At 1 March 2023 5,000
At 29 February 2024 5,000
Net book value
At 29 February 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 16,405 1,556 17,961
Additions 312 2,000 2,312
Disposals (8,402) (1,556) (9,958)
At 29 February 2024 8,315 2,000 10,315
Depreciation
At 1 March 2023 14,614 1,549 16,163
Charge for the year 188 - 188
On disposals (7,840) (1,549) (9,389)
At 29 February 2024 6,962 - 6,962
Net book value
At 29 February 2024 1,353 2,000 3,353
At 28 February 2023 1,791 7 1,798
5 Debtors 2024 2023
£ £
Trade debtors - 116
Other debtors 136 -
136 116
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,245 1,910
Taxation and social security costs 3,196 1,749
Other creditors 371 201
5,812 3,860
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
H Lee
Directors loan account 201 (10,382) 10,552 371
201 (10,382) 10,552 371
8 Controlling party
The company is controlled by its director.
9 Other information
Daleside MOT Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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