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REGISTERED NUMBER: 09803617 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

DC Classics Limited

DC Classics Limited (Registered number: 09803617)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DC Classics Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D L Coleman
B Coleman





REGISTERED OFFICE: Unit 12B, Central Park Industrial Estate
Halesowen Road
Netherton
Dudley
West Midlands
DY2 9NW





REGISTERED NUMBER: 09803617 (England and Wales)





ACCOUNTANTS: S R Higgs
Accountant
101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ

DC Classics Limited (Registered number: 09803617)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,532 5,332

CURRENT ASSETS
Stocks - 3,000
Debtors 5 8,955 3,000
Cash at bank and in hand 71,502 53,839
80,457 59,839
CREDITORS
Amounts falling due within one year 6 71,156 57,939
NET CURRENT ASSETS 9,301 1,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,833

7,232

PROVISIONS FOR LIABILITIES 7 861 1,013
NET ASSETS 12,972 6,219

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,872 6,119
SHAREHOLDERS' FUNDS 12,972 6,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

DC Classics Limited (Registered number: 09803617)

Statement of Financial Position - continued
31 March 2024


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 27 September 2024 and were signed on its behalf by:




D L Coleman - Director



B Coleman - Director


DC Classics Limited (Registered number: 09803617)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

DC Classics 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

DC Classics Limited (Registered number: 09803617)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 8,591 1,266 9,857
DEPRECIATION
At 1 April 2023 4,100 425 4,525
Charge for year 674 126 800
At 31 March 2024 4,774 551 5,325
NET BOOK VALUE
At 31 March 2024 3,817 715 4,532
At 31 March 2023 4,491 841 5,332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,380 3,000
Other debtors 2,575 -
8,955 3,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,685 3,481
Taxation and social security 22,810 11,209
Other creditors 45,661 43,249
71,156 57,939

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 861 1,013

DC Classics Limited (Registered number: 09803617)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 1,013
Provided during year (152 )
Balance at 31 March 2024 861

8. ULTIMATE CONTROLLING PARTY

The company is under the control of its director Mr D Coleman as he owns the majority of the issued share capital.