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REGISTERED NUMBER: 04423394 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 August 2023

for

D. C. C. (Cars) Limited

D. C. C. (Cars) Limited (Registered number: 04423394)






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. C. C. (Cars) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: N Plews
Mrs D J Plews





SECRETARY: Mrs D J Plews





REGISTERED OFFICE: Pandon Buildings
Valley Street
Darlington
County Durham
DL1 1PY





REGISTERED NUMBER: 04423394 (England and Wales)





ACCOUNTANTS: Mollart & Co
39 Grange Road
Darlington
Co. Durham
DL1 5NB

D. C. C. (Cars) Limited (Registered number: 04423394)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 632,968 636,225
632,968 636,225

CURRENT ASSETS
Stocks 353,200 355,080
Debtors 6 14,050 23,120
Cash in hand 46,511 53,374
413,761 431,574
CREDITORS
Amounts falling due within one year 7 701,310 679,019
NET CURRENT LIABILITIES (287,549 ) (247,445 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,419

388,780

CREDITORS
Amounts falling due after more than one
year

8

295,565

344,030
NET ASSETS 49,854 44,750

CAPITAL AND RESERVES
Called up share capital 106 106
Share premium 4,794 4,794
Retained earnings 44,954 39,850
SHAREHOLDERS' FUNDS 49,854 44,750

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. C. C. (Cars) Limited (Registered number: 04423394)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





N Plews - Director


D. C. C. (Cars) Limited (Registered number: 04423394)

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

1. STATUTORY INFORMATION

D. C. C. (Cars) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, 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.
Land and buildings - 15% on cost
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 15% on cost

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.

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.

D. C. C. (Cars) Limited (Registered number: 04423394)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 15,000
AMORTISATION
At 1 September 2022
and 31 August 2023 15,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 644,577 67,363 711,940
Additions - 2,250 2,250
At 31 August 2023 644,577 69,613 714,190
DEPRECIATION
At 1 September 2022 27,628 48,087 75,715
Charge for year 2,302 3,205 5,507
At 31 August 2023 29,930 51,292 81,222
NET BOOK VALUE
At 31 August 2023 614,647 18,321 632,968
At 31 August 2022 616,949 19,276 636,225

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,599 14,325
Other debtors 6,451 8,795
14,050 23,120

D. C. C. (Cars) Limited (Registered number: 04423394)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 185,345 149,955
Hire purchase contracts 21,915 -
Trade creditors 121,530 97,275
Taxation and social security 104,292 167,340
Other creditors 268,228 264,449
701,310 679,019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 10,106 20,376
Other creditors 285,459 323,654
295,565 344,030

Amounts falling due in more than five years:

Repayable otherwise than by instalments
S J Kirk Property loan 1 50,921 65,513
S J Kirk Property loan no. 2 54,668 69,275
S J Kirk Property loan no 3 32,845 47,737
138,434 182,525

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 37,274 32,708
Bank loans 158,177 137,623
S J Kirk Property loan no 1 119,019 131,045
P D Kirk Loan 60,000 75,000
S J Kirk Property loan no 2 122,074 133,976
S J Kirk Property loan no 3 77,507 90,608
574,051 600,960

The bank loans include a Santander Consumer (UK) plc Stocking Loan and details of their interest in the vehicles covered by the stocking loan are registered with HPI by Santander Consumer (UK) plc. Under the agreement Santander Consumer (UK) plc have the right to take possession of the vehicles concerned in the event of default. The balance of this Stocking Loan at 31st August 2023 was £110,513.

There are three property mortgages with S J Kirk and are secured on the Valley Street premises and the Buildings to the West Side of Valley Street purchased from S J Kirk. At 31 August 2023 the outstanding balance on the first loan was £119,019, the balance on the second loan was £122,074 and the balance on the third loan was £77,507.

D. C. C. (Cars) Limited (Registered number: 04423394)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
N Plews
Balance outstanding at start of year 9,616 8,528
Amounts advanced 312 6,226
Amounts repaid (5,598 ) (5,138 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,330 9,616

Mrs D J Plews
Balance outstanding at start of year 4,743 6,111
Amounts advanced - 7,000
Amounts repaid (1,040 ) (8,368 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,703 4,743

11. RELATED PARTY DISCLOSURES

The ultimate controlling party is Mr N Plews and Mrs D J Plews who own all of the shares.