Silverfin false false 31/01/2024 01/02/2023 31/01/2024 P Clifford 13/01/2021 A Slattery 13/01/2021 30 October 2024 The principal activity of the Company during the financial year was renting and leasing of cars and light motor vehicles. NI675532 2024-01-31 NI675532 bus:Director1 2024-01-31 NI675532 bus:Director2 2024-01-31 NI675532 2023-01-31 NI675532 core:CurrentFinancialInstruments 2024-01-31 NI675532 core:CurrentFinancialInstruments 2023-01-31 NI675532 core:ShareCapital 2024-01-31 NI675532 core:ShareCapital 2023-01-31 NI675532 core:RetainedEarningsAccumulatedLosses 2024-01-31 NI675532 core:RetainedEarningsAccumulatedLosses 2023-01-31 NI675532 2023-02-01 2024-01-31 NI675532 bus:FilletedAccounts 2023-02-01 2024-01-31 NI675532 bus:SmallEntities 2023-02-01 2024-01-31 NI675532 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 NI675532 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI675532 bus:Director1 2023-02-01 2024-01-31 NI675532 bus:Director2 2023-02-01 2024-01-31 NI675532 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Company No: NI675532 (Northern Ireland)

DC EV LEASING LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

DC EV LEASING LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

DC EV LEASING LIMITED

BALANCE SHEET

As at 31 January 2024
DC EV LEASING LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Current assets
Stocks 3 0 48,472
Debtors 4 19,280 15,724
Cash at bank and in hand 16,111 2,226
35,391 66,422
Creditors: amounts falling due within one year 5 ( 33,063) ( 71,981)
Net current assets/(liabilities) 2,328 (5,559)
Total assets less current liabilities 2,328 (5,559)
Net assets/(liabilities) 2,328 ( 5,559)
Capital and reserves
Called-up share capital 100 100
Profit and loss account 2,228 ( 5,659 )
Total shareholders' funds/(deficit) 2,328 ( 5,559)

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of DC EV Leasing Limited (registered number: NI675532) were approved and authorised for issue by the Board of Directors on 30 October 2024. They were signed on its behalf by:

P Clifford
Director
DC EV LEASING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
DC EV LEASING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

DC EV Leasing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Northern Ireland. The address of the Company's registered office is The Mount Business Centre, 2 Woodstock Link, Belfast, Northern Ireland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Leases


The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Stocks

2024 2023
£ £
Stocks 0 48,472

4. Debtors

2024 2023
£ £
Other debtors 19,280 15,724

5. Creditors: amounts falling due within one year

2024 2023
£ £
Corporation tax 634 0
Other creditors 32,429 71,981
33,063 71,981