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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
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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
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DISCOUNT BODY PANELS (MIDLANDS) LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
99,268 
96,193 
Current assets
Inventories
98,786 
105,460 
Debtors
137,155 
136,870 
Cash at bank and in hand
231,368 
225,729 
467,309 
468,059 
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 
Capital and reserves
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
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DISCOUNT BODY PANELS (MIDLANDS) LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 July 2024
26,153 
67,931 
5,184 
99,268 
At 31 July 2023
26,153 
63,941 
6,099 
96,193 
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DISCOUNT BODY PANELS (MIDLANDS) LIMITED Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
133,312 
133,027 
Accrued income and prepayments
3,843 
3,843 
137,155 
136,870 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
18,465 
22,473 
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 
Accruals
20,180 
18,180 
330,655 
365,860 
7
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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