Diecast Classics & Services Limited 03107076 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the purchase, manufacture and selling of diecast cars and other collectable models. Digita Accounts Production Advanced 6.30.9574.0 true true 03107076 2023-10-01 2024-09-30 03107076 2024-09-30 03107076 bus:OrdinaryShareClass1 2024-09-30 03107076 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 03107076 core:FurnitureFittingsToolsEquipment 2024-09-30 03107076 core:LandBuildings 2024-09-30 03107076 core:OtherPropertyPlantEquipment 2024-09-30 03107076 bus:SmallEntities 2023-10-01 2024-09-30 03107076 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03107076 bus:FilletedAccounts 2023-10-01 2024-09-30 03107076 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03107076 bus:RegisteredOffice 2023-10-01 2024-09-30 03107076 bus:Director1 2023-10-01 2024-09-30 03107076 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 03107076 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03107076 core:FurnitureFittings 2023-10-01 2024-09-30 03107076 core:MotorVehicles 2023-10-01 2024-09-30 03107076 core:OfficeEquipment 2023-10-01 2024-09-30 03107076 core:PlantMachinery 2023-10-01 2024-09-30 03107076 countries:England 2023-10-01 2024-09-30 03107076 2023-09-30 03107076 core:FurnitureFittingsToolsEquipment 2023-09-30 03107076 core:LandBuildings 2023-09-30 03107076 core:OtherPropertyPlantEquipment 2023-09-30 03107076 2022-10-01 2023-09-30 03107076 2023-09-30 03107076 bus:OrdinaryShareClass1 2023-09-30 03107076 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 03107076 core:FurnitureFittingsToolsEquipment 2023-09-30 03107076 core:LandBuildings 2023-09-30 03107076 core:OtherPropertyPlantEquipment 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03107076

Diecast Classics & Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Diecast Classics & Services Limited

Contents

Company Information

1

Director's Report

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 8

 

Diecast Classics & Services Limited

Company Information

Director

Mr Andrew Phillip Humphreys

Registered office

Unit 4 Brickyard Road
Aldridge
Walsall
West Midlands
WS9 8SR

Accountants

Mr Satraj Suman ACMA
21 Babors Field
Bilston
Wolverhampton
West Midlands
WV14 9XS

 

Diecast Classics & Services Limited

Director's Report for the Year Ended 30 September 2024

The director presents his report and the financial statements for the year ended 30 September 2024.

Director of the company

The director who held office during the year was as follows:

Mr Andrew Phillip Humphreys

Principal activity

The principal activity of the company is the purchase, manufacture and selling of diecast cars and other collectable models.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 28 September 2024
 

.........................................
Mr Andrew Phillip Humphreys
Director

 

Diecast Classics & Services Limited

Profit and Loss Account for the Year Ended 30 September 2024

Note

2024
£

2023
£

Turnover

 

9,448

9,448

Gross profit

 

9,448

9,448

Administrative expenses

 

(6,659)

(6,651)

Operating profit

 

2,789

2,797

Profit before tax

2,789

2,797

Profit for the financial year

 

2,789

2,797

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Diecast Classics & Services Limited

(Registration number: 03107076)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

110,000

110,000

Current assets

 

Cash at bank and in hand

 

7,333

3,623

Total assets less current liabilities

 

117,333

113,623

Creditors: Amounts falling due after more than one year

5

(109,790)

(108,869)

Net assets

 

7,543

4,754

Capital and reserves

 

Called up share capital

6

180,002

180,002

Retained earnings

(172,459)

(175,248)

Shareholders' funds

 

7,543

4,754

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 September 2024
 

.........................................
Mr Andrew Phillip Humphreys
Director

 

Diecast Classics & Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 4 Brickyard Road
Aldridge
Walsall
West Midlands
WS9 8SR

These financial statements were authorised for issue by the director on 28 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Diecast Classics & Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Asset class

Depreciation method and rate

Plant and machinery

33.33% straight line

Fixtures and fittings

10% straight line

Motor vehicles

25% straight line

Office equipment

33.33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

110,000

9,764

938

120,702

At 30 September 2024

110,000

9,764

938

120,702

Depreciation

At 1 October 2023

-

9,764

938

10,702

At 30 September 2024

-

9,764

938

10,702

Carrying amount

At 30 September 2024

110,000

-

-

110,000

At 30 September 2023

110,000

-

-

110,000

Included within the net book value of land and buildings above is £110,000 (2023 - £110,000) in respect of freehold land and buildings.
 

 

Diecast Classics & Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Creditors

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

109,790

108,869

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

180,002

180,002

180,002

180,002

       

7

Related party transactions

 

Diecast Classics & Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

5,400

5,400