IRIS Accounts Production v24.2.0.383 04175896 director 1.4.23 31.3.24 31.3.24 false true false false true false "A" Ordinary share capital 1.00000 "B" Ordinary share capital 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041758962023-03-31041758962024-03-31041758962023-04-012024-03-31041758962022-03-31041758962022-04-012023-03-31041758962023-03-3104175896ns15:EnglandWales2023-04-012024-03-3104175896ns14:PoundSterling2023-04-012024-03-3104175896ns10:Director12023-04-012024-03-3104175896ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104175896ns10:SmallEntities2023-04-012024-03-3104175896ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104175896ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104175896ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104175896ns10:FullAccounts2023-04-012024-03-3104175896ns10:OrdinaryShareClass12023-04-012024-03-3104175896ns10:OrdinaryShareClass22023-04-012024-03-3104175896ns10:RegisteredOffice2023-04-012024-03-3104175896ns5:CurrentFinancialInstruments2024-03-3104175896ns5:CurrentFinancialInstruments2023-03-3104175896ns5:Non-currentFinancialInstruments2024-03-3104175896ns5:Non-currentFinancialInstruments2023-03-3104175896ns5:ShareCapital2024-03-3104175896ns5:ShareCapital2023-03-3104175896ns5:CapitalRedemptionReserve2024-03-3104175896ns5:CapitalRedemptionReserve2023-03-3104175896ns5:RetainedEarningsAccumulatedLosses2024-03-3104175896ns5:RetainedEarningsAccumulatedLosses2023-03-3104175896ns5:PlantMachinery2023-04-012024-03-3104175896ns5:FurnitureFittings2023-04-012024-03-3104175896ns5:MotorVehicles2023-04-012024-03-3104175896ns5:ComputerEquipment2023-04-012024-03-3104175896ns5:PlantMachinery2023-03-3104175896ns5:FurnitureFittings2023-03-3104175896ns5:MotorVehicles2023-03-3104175896ns5:ComputerEquipment2023-03-3104175896ns5:PlantMachinery2024-03-3104175896ns5:FurnitureFittings2024-03-3104175896ns5:MotorVehicles2024-03-3104175896ns5:ComputerEquipment2024-03-3104175896ns5:PlantMachinery2023-03-3104175896ns5:FurnitureFittings2023-03-3104175896ns5:MotorVehicles2023-03-3104175896ns5:ComputerEquipment2023-03-3104175896ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104175896ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104175896ns10:OrdinaryShareClass12024-03-3104175896ns10:OrdinaryShareClass22024-03-31041758961ns10:Director12023-03-31041758961ns10:Director12022-03-31041758961ns10:Director12023-04-012024-03-31041758961ns10:Director12022-04-012023-03-31041758961ns10:Director12024-03-31041758961ns10:Director12023-03-31
REGISTERED NUMBER: 04175896 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Dolphin Mobility East Midlands Limited

Dolphin Mobility East Midlands Limited (Registered number: 04175896)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Dolphin Mobility East Midlands Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M J Hambrook





REGISTERED OFFICE: 1 Farrier Road
Lincoln
LN6 3RU





REGISTERED NUMBER: 04175896 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Dolphin Mobility East Midlands Limited (Registered number: 04175896)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 25

CURRENT ASSETS
Stocks 75,000 70,000
Debtors 5 203,284 205,025
Cash at bank 33,158 9,530
311,442 284,555
CREDITORS
Amounts falling due within one year 6 292,512 257,468
NET CURRENT ASSETS 18,930 27,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,930

27,112

CREDITORS
Amounts falling due after more than one
year

7

(18,734

)

(25,833

)

PROVISIONS FOR LIABILITIES - (5 )
NET ASSETS 196 1,274

CAPITAL AND RESERVES
Called up share capital 9 70 70
Capital redemption reserve 37 37
Retained earnings 89 1,167
SHAREHOLDERS' FUNDS 196 1,274

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 director acknowledges his 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 director and authorised for issue on 7 August 2024 and were signed by:





M J Hambrook - Director


Dolphin Mobility East Midlands Limited (Registered number: 04175896)

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

1. STATUTORY INFORMATION

Dolphin Mobility East Midlands 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 represents amounts charged to customer for goods and services provided during the year, excluding value added tax and trade discounts. Sales are recognised upon delivery to the customer, or upon collection by the customer.

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 - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% 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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Dolphin Mobility East Midlands Limited (Registered number: 04175896)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Revenue recognition
Income received by the company for warranties sold is recognised as 70% of the unexpired warranty.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 22,249 11,842 13,140 8,786 56,017
DEPRECIATION
At 1 April 2023 22,249 11,817 13,140 8,786 55,992
Charge for year - 25 - - 25
At 31 March 2024 22,249 11,842 13,140 8,786 56,017
NET BOOK VALUE
At 31 March 2024 - - - - -
At 31 March 2023 - 25 - - 25

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 157,953 151,371
Other debtors 45,331 53,654
203,284 205,025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 185,327 177,698
Taxation and social security 30,491 22,292
Other creditors 66,694 47,478
292,512 257,468

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 18,734 25,833

Dolphin Mobility East Midlands Limited (Registered number: 04175896)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bounce Back Loan 28,734 35,833

The Bounce Back Loan scheme is secured against a guarantee by the bank in which the bank guarantees the repayment of the loan if the client was to default on this.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
35 "A" Ordinary share capital £1 35 35
35 "B" Ordinary share capital £1 35 35
70 70

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M J Hambrook
Balance outstanding at start of year 22,345 (425 )
Amounts advanced 49,540 71,082
Amounts repaid (49,312 ) (48,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,573 22,345