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REGISTERED NUMBER: 06013411 (England and Wales)








Unaudited Financial Statements

For The Year Ended 30 April 2024

for

DB Autos Ltd

DB Autos Ltd (Registered number: 06013411)






Contents of the Financial Statements
For The Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


DB Autos Ltd (Registered number: 06013411)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,811 110,833

CURRENT ASSETS
Stocks 380,000 339,750
Debtors 5 49,201 60,028
Cash at bank 129,164 164,177
558,365 563,955
CREDITORS
Amounts falling due within one year 6 187,209 150,730
NET CURRENT ASSETS 371,156 413,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

457,967

524,058

CREDITORS
Amounts falling due after more than one
year

7

(12,229

)

(22,433

)

PROVISIONS FOR LIABILITIES (12,223 ) (16,317 )
NET ASSETS 433,515 485,308

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 433,415 485,208
SHAREHOLDERS' FUNDS 433,515 485,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 8 October 2024 and were signed on its behalf by:





D Brett - Director


DB Autos Ltd (Registered number: 06013411)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

DB Autos Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06013411

Registered office: Unit 8
Gilston Road
Saltash
Cornwall
PL12 6TW

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
The company has various sources of income which are recognised in the following ways

Vehicle sales are recognised at the point where an agreement has been made for the sale of the vehicle, this is when either a deposit or full amount has been received.

Sale of goods and services are recognised at the point the goods or services are provided.

Vehicle hire is recognised on the date that the vehicle in question is hired.

MOT income is recognised on the date that the MOT is carried out.

Other sundry income is recognised at the point the consideration is received.

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 - 5% on cost
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stock consists of vehicles and parts unsold at the year end.

Demonstration and courtesy cars are valued at cost less a write down to reflect the loss in value due to usage while owned by the company. If lower, the net realisable value is used.

Used vehicle stock is valued at cost or net realisable value if this is lower.

Parts are valued at the lower of cost and net realisable value, both for resale and use in vehicle repairs.

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.


DB Autos Ltd (Registered number: 06013411)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 8,014 262,181 270,195
Additions - 5,491 5,491
Disposals - (15,732 ) (15,732 )
At 30 April 2024 8,014 251,940 259,954
DEPRECIATION
At 1 May 2023 773 158,589 159,362
Charge for year 401 22,938 23,339
Eliminated on disposal - (9,558 ) (9,558 )
At 30 April 2024 1,174 171,969 173,143
NET BOOK VALUE
At 30 April 2024 6,840 79,971 86,811
At 30 April 2023 7,241 103,592 110,833

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 30,743 49,929
Other debtors 18,458 10,099
49,201 60,028

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,206 9,954
Trade creditors 36,641 49,233
Taxation and social security 16,914 60,253
Other creditors 123,448 31,290
187,209 150,730

DB Autos Ltd (Registered number: 06013411)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 12,229 22,433