Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falseNo description of principal activity2023-07-01false57truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05150330 2023-07-01 2024-06-30 05150330 2022-07-01 2023-06-30 05150330 2024-06-30 05150330 2023-06-30 05150330 2022-07-01 05150330 c:Director2 2023-07-01 2024-06-30 05150330 d:PlantMachinery 2023-07-01 2024-06-30 05150330 d:PlantMachinery 2024-06-30 05150330 d:PlantMachinery 2023-06-30 05150330 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05150330 d:MotorVehicles 2023-07-01 2024-06-30 05150330 d:FurnitureFittings 2023-07-01 2024-06-30 05150330 d:FurnitureFittings 2024-06-30 05150330 d:FurnitureFittings 2023-06-30 05150330 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05150330 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05150330 d:Goodwill 2024-06-30 05150330 d:Goodwill 2023-06-30 05150330 d:CurrentFinancialInstruments 2024-06-30 05150330 d:CurrentFinancialInstruments 2023-06-30 05150330 d:Non-currentFinancialInstruments 2024-06-30 05150330 d:Non-currentFinancialInstruments 2023-06-30 05150330 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 05150330 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 05150330 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 05150330 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 05150330 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 05150330 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 05150330 d:ShareCapital 2024-06-30 05150330 d:ShareCapital 2022-07-01 2023-06-30 05150330 d:ShareCapital 2023-06-30 05150330 d:ShareCapital 2022-07-01 05150330 d:CapitalRedemptionReserve 2024-06-30 05150330 d:CapitalRedemptionReserve 2023-06-30 05150330 d:CapitalRedemptionReserve 2022-07-01 05150330 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 05150330 d:RetainedEarningsAccumulatedLosses 2024-06-30 05150330 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 05150330 d:RetainedEarningsAccumulatedLosses 2023-06-30 05150330 d:RetainedEarningsAccumulatedLosses 2022-07-01 05150330 c:OrdinaryShareClass1 2023-07-01 2024-06-30 05150330 c:OrdinaryShareClass1 2024-06-30 05150330 c:OrdinaryShareClass1 2023-06-30 05150330 c:FRS102 2023-07-01 2024-06-30 05150330 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05150330 c:FullAccounts 2023-07-01 2024-06-30 05150330 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05150330 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 05150330 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 05150330 2 2023-07-01 2024-06-30 05150330 6 2023-07-01 2024-06-30 05150330 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05150330










DARTFORD TYRES (2000) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
DARTFORD TYRES (2000) LIMITED
REGISTERED NUMBER: 05150330

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,853
2,408

Investments
 6 
488,871
488,871

  
490,724
491,279

Current assets
  

Stocks
  
33,528
30,539

Debtors: amounts falling due within one year
 7 
19,963
21,570

Cash at bank and in hand
 8 
72,644
49,695

  
126,135
101,804

Creditors: amounts falling due within one year
 9 
(136,136)
(134,756)

Net current liabilities
  
 
 
(10,001)
 
 
(32,952)

Total assets less current liabilities
  
480,723
458,327

Creditors: amounts falling due after more than one year
 10 
(344,083)
(378,676)

Provisions for liabilities
  

Deferred tax
 12 
(450)
(450)

  
 
 
(450)
 
 
(450)

Net assets
  
136,190
79,201


Capital and reserves
  

Called up share capital 
  
468
468

Capital redemption reserve
  
233
233

Profit and loss account
  
135,489
78,500

  
136,190
79,201


Page 1

 
DARTFORD TYRES (2000) LIMITED
REGISTERED NUMBER: 05150330

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D A Clark
Director

Date: 5 November 2024

The notes on pages 5 to 12 form part of these financial statements.

Page 2

 
DARTFORD TYRES (2000) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 July 2023
468
233
78,500
79,201



Profit for the year
-
-
56,989
56,989


At 30 June 2024
468
233
135,489
136,190


The notes on pages 5 to 12 form part of these financial statements.

Page 3

 
DARTFORD TYRES (2000) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 July 2022
700
-
60,685
61,385



Profit for the year
-
-
46,940
46,940

Dividends: Equity capital
-
-
(4,000)
(4,000)

Purchase of own shares
-
233
(25,125)
(24,892)

Shares issued during the year
1
-
-
1

Shares redeemed during the year
(233)
-
-
(233)


At 30 June 2023
468
233
78,500
79,201


The notes on pages 5 to 12 form part of these financial statements.

Page 4

 
DARTFORD TYRES (2000) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

The Company is incorporated in England and carries on the business of retail tyre sales and fitting from 34-36 Watling Street, Bexleyheath, Kent, DA6 7QG.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
DARTFORD TYRES (2000) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

PENSIONS

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 6

 
DARTFORD TYRES (2000) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.9
TANGIBLE FIXED ASSETS (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25%
Motor vehicles
-
25%
Fixtures & fittings
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 7

 
DARTFORD TYRES (2000) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 5 (2023 - 7).

Page 8

 
DARTFORD TYRES (2000) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


INTANGIBLE ASSETS




Goodwill

£



Cost


At 1 July 2023
155,734



At 30 June 2024

155,734



Amortisation


At 1 July 2023
155,734



At 30 June 2024

155,734



Net book value



At 30 June 2024
-



At 30 June 2023
-




5.


TANGIBLE FIXED ASSETS





Plant & machinery
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 July 2023
14,620
6,045
20,665



At 30 June 2024

14,620
6,045
20,665



Depreciation


At 1 July 2023
12,689
5,568
18,257


Charge for the year on owned assets
483
72
555



At 30 June 2024

13,172
5,640
18,812



Net book value



At 30 June 2024
1,448
405
1,853



At 30 June 2023
1,931
477
2,408

Page 9

 
DARTFORD TYRES (2000) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
488,871



At 30 June 2024
488,871





7.


DEBTORS

2024
2023
£
£


Trade debtors
1,997
7,523

Amounts owed by group undertakings
7,281
5,446

Other debtors
4,185
-

Prepayments and accrued income
6,500
8,601

19,963
21,570



8.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
72,644
49,695



9.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Bank loans
17,785
17,665

Trade creditors
31,930
29,765

Corporation tax
19,333
20,578

Other taxation and social security
10,265
6,474

Other creditors
20,253
27,647

Accruals and deferred income
36,570
32,627

136,136
134,756


Page 10

 
DARTFORD TYRES (2000) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


CREDITORS: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
331,573
342,576

Other creditors
12,510
36,100

344,083
378,676



11.


LOANS


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
17,785
17,665

Amounts falling due 1-2 years

Bank loans
331,573
342,576



349,358
360,241



12.


DEFERRED TAXATION




2024


£






At beginning of year
(450)



At end of year
(450)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(450)
(450)

Page 11

 
DARTFORD TYRES (2000) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

13.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



468 (2023 - 468) Ordinary shares of £1.00 each
468
468



14.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,480 (2023 - £2,158). Contributions totalling £nil (2023 - £nil) were payable to the fund at the balance sheet date and are included in creditors. 


Page 12