Company Registration No. 01642957 (England and Wales)
DISCOUNT BODY PANELS (MIDLANDS) LIMITED
Unaudited accounts
for the year ended 31 July 2024
DISCOUNT BODY PANELS (MIDLANDS) LIMITED
Unaudited accounts
Contents
DISCOUNT BODY PANELS (MIDLANDS) LIMITED
Company Information
for the year ended 31 July 2024
Directors
Scott Rogers
Melvyn Rogers
Jeanette Marrs
Company Number
01642957 (England and Wales)
Registered Office
431 WARWICK ROAD
GREET
BIRMINGHAM
B11 2JR
Accountants
AJS Accounting Services Ltd
1 Chester Court
High Street, Knowle
Solihull
West Midlands
B93 0LL
DISCOUNT BODY PANELS (MIDLANDS) LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
99,268
96,193
Inventories
98,786
105,460
Cash at bank and in hand
231,368
225,729
Creditors: amounts falling due within one year
(330,655)
(365,860)
Net current assets
136,654
102,199
Total assets less current liabilities
235,922
198,392
Provisions for liabilities
Deferred tax
(17,562)
(17,562)
Net assets
218,360
180,830
Called up share capital
100
100
Profit and loss account
218,260
180,730
Shareholders' funds
218,360
180,830
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by
Scott Rogers
Director
Company Registration No. 01642957
DISCOUNT BODY PANELS (MIDLANDS) LIMITED
Notes to the Accounts
for the year ended 31 July 2024
DISCOUNT BODY PANELS (MIDLANDS) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01642957. The registered office is 431 WARWICK ROAD, GREET, BIRMINGHAM, B11 2JR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
26,153
152,200
67,922
246,275
Additions
-
20,185
-
20,185
At 31 July 2024
26,153
172,385
67,922
266,460
At 1 August 2023
-
88,259
61,823
150,082
Charge for the year
-
16,195
915
17,110
At 31 July 2024
-
104,454
62,738
167,192
At 31 July 2024
26,153
67,931
5,184
99,268
At 31 July 2023
26,153
63,941
6,099
96,193
DISCOUNT BODY PANELS (MIDLANDS) LIMITED
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
133,312
133,027
Accrued income and prepayments
3,843
3,843
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
155,158
171,267
Taxes and social security
34,082
18,224
Proposed dividends
-
30,000
Other creditors
13,988
16,934
Loans from directors
88,782
88,782
7
Average number of employees
During the year the average number of employees was 8 (2023: 8).