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REGISTERED NUMBER: 04575877 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

D. S. Motor Services Limited

D. S. Motor Services Limited (Registered number: 04575877)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D. S. Motor Services Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: P Streather
Mrs E K Smith





SECRETARY: Ms P M Streather





REGISTERED OFFICE: 4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR





REGISTERED NUMBER: 04575877 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

D. S. Motor Services Limited (Registered number: 04575877)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 28,057 20,798
28,057 20,798

CURRENT ASSETS
Stocks 1,000 1,500
Debtors 6 8,319 18,520
Cash at bank and in hand 63,382 26,160
72,701 46,180
CREDITORS
Amounts falling due within one year 7 47,745 36,698
NET CURRENT ASSETS 24,956 9,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,013

30,280

CREDITORS
Amounts falling due after more than one
year

8

13,615

23,726

PROVISIONS FOR LIABILITIES 6,874 3,838

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 32,374 2,566
32,524 2,716
53,013 30,280

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:




Mrs E K Smith - Director


D. S. Motor Services Limited (Registered number: 04575877)

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

1. STATUTORY INFORMATION

D. S. Motor Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

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 Profit and Loss Account, 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.

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.

D. S. Motor Services Limited (Registered number: 04575877)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 30,000
AMORTISATION
At 1 February 2023
and 31 January 2024 30,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 6,215 55,453 4,144 17,196 83,008
Additions - 13,237 - - 13,237
At 31 January 2024 6,215 68,690 4,144 17,196 96,245
DEPRECIATION
At 1 February 2023 6,196 45,993 2,398 7,623 62,210
Charge for year 5 3,404 175 2,394 5,978
At 31 January 2024 6,201 49,397 2,573 10,017 68,188
NET BOOK VALUE
At 31 January 2024 14 19,293 1,571 7,179 28,057
At 31 January 2023 19 9,460 1,746 9,573 20,798

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,048 1,052
Other debtors 1,366 1,366
Directors' current accounts 5,583 15,489
Prepayments 322 613
8,319 18,520

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 12,678 10,812
Trade creditors 5,819 5,697
Tax 17,206 10,315
Social security and other taxes 10,839 8,597
Accrued expenses 1,203 1,277
47,745 36,698

D. S. Motor Services Limited (Registered number: 04575877)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 13,615 23,726

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.1.24 31.1.23
£    £   
P Streather
Balance outstanding at start of year 15,489 26,405
Amounts advanced 30,314 29,279
Amounts repaid (40,221 ) (40,195 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,582 15,489