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REGISTERED NUMBER: SC163805 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Dunlop Motor Factors Limited

Dunlop Motor Factors Limited (Registered number: SC163805)






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


Dunlop Motor Factors Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mrs K Anderson





REGISTERED OFFICE: 90/92 Springburn Way
Glasgow
G21 1SL





REGISTERED NUMBER: SC163805 (Scotland)





ACCOUNTANTS: McGregor Accountancy (Scotland) Ltd
8 Tom McCabe Gardens
Hamilton
ML3 6LW

Dunlop Motor Factors Limited (Registered number: SC163805)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,146 72,298

CURRENT ASSETS
Stocks 66,750 64,995
Debtors 5 106,132 59,662
Cash at bank and in hand 49,394 31,515
222,276 156,172
CREDITORS
Amounts falling due within one year 6 178,258 161,675
NET CURRENT ASSETS/(LIABILITIES) 44,018 (5,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,164

66,795

PROVISIONS FOR LIABILITIES 7 2,581 3,089
NET ASSETS 108,583 63,706

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 108,483 63,606
SHAREHOLDERS' FUNDS 108,583 63,706

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 her 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.

Dunlop Motor Factors Limited (Registered number: SC163805)

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 9 July 2024 and were signed by:





Mrs K Anderson - Director


Dunlop Motor Factors Limited (Registered number: SC163805)

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

1. STATUTORY INFORMATION

Dunlop Motor Factors Limited is a private company, limited by shares , registered in Scotland. 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.

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.

Dunlop Motor Factors Limited (Registered number: SC163805)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 February 2023 60,000 13,462 6,116
Additions - - 641
Disposals - - -
At 31 January 2024 60,000 13,462 6,757
DEPRECIATION
At 1 February 2023 14,304 3,120 3,744
Charge for year 1,200 269 753
Eliminated on disposal - - -
At 31 January 2024 15,504 3,389 4,497
NET BOOK VALUE
At 31 January 2024 44,496 10,073 2,260
At 31 January 2023 45,696 10,342 2,372

Dunlop Motor Factors Limited (Registered number: SC163805)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 35,502 8,346 123,426
Additions - 585 1,226
Disposals (4,482 ) - (4,482 )
At 31 January 2024 31,020 8,931 120,170
DEPRECIATION
At 1 February 2023 21,869 8,091 51,128
Charge for year 2,288 450 4,960
Eliminated on disposal (3,064 ) - (3,064 )
At 31 January 2024 21,093 8,541 53,024
NET BOOK VALUE
At 31 January 2024 9,927 390 67,146
At 31 January 2023 13,633 255 72,298

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 105,587 59,117
Other debtors 545 545
106,132 59,662

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 20,669 30,093
Trade creditors 77,337 57,520
Taxation and social security 26,539 14,547
Other creditors 53,713 59,515
178,258 161,675

Dunlop Motor Factors Limited (Registered number: SC163805)

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

7. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 2,581 3,089

Deferred
tax
£   
Balance at 1 February 2023 3,089
Credit to Income Statement during year (508 )
Balance at 31 January 2024 2,581

8. CALLED UP SHARE CAPITAL

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