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REGISTERED NUMBER: 09953863 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Dyson Cars Ltd

Dyson Cars Ltd (Registered number: 09953863)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Dyson Cars Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A Dyson





REGISTERED OFFICE: Greenview
Holyfield
Waltham Abbey
Essex
EN9 2EW





REGISTERED NUMBER: 09953863 (England and Wales)





ACCOUNTANTS: MG White Chartered Accountants
15 Rye Hill Road
Harlow
Essex
CM18 7JE

Dyson Cars Ltd (Registered number: 09953863)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,943 59,027

CURRENT ASSETS
Stocks 716,549 745,618
Debtors 8,719 13,883
Cash at bank 35,093 34,187
760,361 793,688
CREDITORS
Amounts falling due within one year 446,974 523,072
NET CURRENT ASSETS 313,387 270,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,330

329,643

CREDITORS
Amounts falling due after more than
one year

258,326

160,408
NET ASSETS 105,004 169,235

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 104,904 169,135
SHAREHOLDERS' FUNDS 105,004 169,235

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.

Dyson Cars Ltd (Registered number: 09953863)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 October 2024 and were signed by:





A Dyson - Director


Dyson Cars Ltd (Registered number: 09953863)

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

1. STATUTORY INFORMATION

Dyson Cars Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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 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.

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.

Dyson Cars Ltd (Registered number: 09953863)

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 93,475
Additions 7,563
At 31 January 2024 101,038
DEPRECIATION
At 1 February 2023 34,448
Charge for year 16,647
At 31 January 2024 51,095
NET BOOK VALUE
At 31 January 2024 49,943
At 31 January 2023 59,027

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary 1 100 100