IRIS Accounts Production v24.3.0.553 05332457 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053324572023-01-31053324572024-01-31053324572023-02-012024-01-31053324572022-01-31053324572022-02-012023-01-31053324572023-01-3105332457ns15:EnglandWales2023-02-012024-01-3105332457ns14:PoundSterling2023-02-012024-01-3105332457ns10:Director12023-02-012024-01-3105332457ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3105332457ns10:SmallEntities2023-02-012024-01-3105332457ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3105332457ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3105332457ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3105332457ns10:FullAccounts2023-02-012024-01-3105332457ns10:CompanySecretary12023-02-012024-01-3105332457ns10:RegisteredOffice2023-02-012024-01-3105332457ns5:CurrentFinancialInstruments2024-01-3105332457ns5:CurrentFinancialInstruments2023-01-3105332457ns5:Non-currentFinancialInstruments2024-01-3105332457ns5:Non-currentFinancialInstruments2023-01-3105332457ns5:ShareCapital2024-01-3105332457ns5:ShareCapital2023-01-3105332457ns5:RetainedEarningsAccumulatedLosses2024-01-3105332457ns5:RetainedEarningsAccumulatedLosses2023-01-3105332457ns5:PlantMachinery2023-02-012024-01-3105332457ns5:PlantMachinery2023-01-3105332457ns5:PlantMachinery2024-01-3105332457ns5:PlantMachinery2023-01-3105332457ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3105332457ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31053324571ns10:Director12023-01-31053324571ns10:Director12022-01-31053324571ns10:Director12023-02-012024-01-31053324571ns10:Director12022-02-012023-01-31053324571ns10:Director12024-01-31053324571ns10:Director12023-01-31
REGISTERED NUMBER: 05332457 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

D: Class Automotive Limited

D: Class Automotive Limited (Registered number: 05332457)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D: Class Automotive Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: D Price





SECRETARY: Braywood Ltd





REGISTERED OFFICE: 35 Station Approach
West Byfleet
Surrey
KT14 6NF





REGISTERED NUMBER: 05332457 (England and Wales)





ACCOUNTANTS: Braywood Ltd
35 Station Approach
West Byfleet
Surrey
KT14 6NF

D: Class Automotive Limited (Registered number: 05332457)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,450 109,345
90,450 109,345

CURRENT ASSETS
Stocks 206,718 229,912
Debtors 5 307,593 147,658
Cash at bank 713 13,511
515,024 391,081
CREDITORS
Amounts falling due within one year 6 260,959 215,958
NET CURRENT ASSETS 254,065 175,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,515

284,468

CREDITORS
Amounts falling due after more than one year 7 (13,333 ) (23,333 )

PROVISIONS FOR LIABILITIES (12,440 ) (15,938 )
NET ASSETS 318,742 245,197

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 318,722 245,177
SHAREHOLDERS' FUNDS 318,742 245,197

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 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.

D: Class Automotive Limited (Registered number: 05332457)

Balance Sheet - continued
31 January 2024


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 17 October 2024 and were signed by:





D Price - Director


D: Class Automotive Limited (Registered number: 05332457)

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

1. STATUTORY INFORMATION

D: Class Automotive 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 the net invoiced sale of goods and repair services, excluding value added tax.

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 cost and 10% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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: Class Automotive Limited (Registered number: 05332457)

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 15 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 243,562
Additions 3,302
Disposals (4,833 )
At 31 January 2024 242,031
DEPRECIATION
At 1 February 2023 134,217
Charge for year 22,197
Eliminated on disposal (4,833 )
At 31 January 2024 151,581
NET BOOK VALUE
At 31 January 2024 90,450
At 31 January 2023 109,345

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 254,428 111,426
Amounts recoverable on contract 15,953 30,363
Other debtors 37,212 5,869
307,593 147,658

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 12,409
Hire purchase contracts - 968
Trade creditors 36,418 20,750
Taxation and social security 203,092 176,160
Other creditors 11,449 5,671
260,959 215,958

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 13,333 23,333

D: Class Automotive Limited (Registered number: 05332457)

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

8. OTHER FINANCIAL COMMITMENTS

The company has financial commitments of £298,633.

9. DIRECTOR'S 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
£    £   
D Price
Balance outstanding at start of year 4,085 11,527
Amounts advanced 19,465 4,085
Amounts repaid (4,085 ) (11,527 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,465 4,085

The loan to the director was unsecured and repayable on demand. Interest was paid at the HMRC official rate for beneficial loans.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £39,075 (2023 - £57,000) were paid to the director .

Dividends of £13,025 were also paid to Mrs L Price.

11. ULTIMATE CONTROLLING PARTY

The controlling party is D Price.