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REGISTERED NUMBER: 08924700 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

D R AUTOS (BISHOPS STORTFORD) LIMITED

D R AUTOS (BISHOPS STORTFORD) LIMITED (REGISTERED NUMBER: 08924700)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D R AUTOS (BISHOPS STORTFORD) LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D O'Brien





REGISTERED OFFICE: The Chestnuts
Brewers End
Takeley
Essex
CM22 6QJ





REGISTERED NUMBER: 08924700 (England and Wales)





ACCOUNTANTS: Allium Wood Limited
Chartered Certified Accountants
The Chestnuts
Brewers End
Takeley
Essex
CM22 6QJ

D R AUTOS (BISHOPS STORTFORD) LIMITED (REGISTERED NUMBER: 08924700)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 48,364 52,415

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 105,739 102,047
Cash at bank 129,969 97,465
237,208 201,012
CREDITORS
Amounts falling due within one year 6 (66,040 ) (59,628 )
NET CURRENT ASSETS 171,168 141,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,532

193,799

CREDITORS
Amounts falling due after more than one year 7 (30,087 ) (35,469 )

PROVISIONS FOR LIABILITIES (7,708 ) (6,483 )
NET ASSETS 181,737 151,847

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 181,637 151,747
181,737 151,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 R AUTOS (BISHOPS STORTFORD) LIMITED (REGISTERED NUMBER: 08924700)

Balance Sheet - continued
31 March 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 24 October 2024 and were signed by:





D O'Brien - Director


D R AUTOS (BISHOPS STORTFORD) LIMITED (REGISTERED NUMBER: 08924700)

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


1. STATUTORY INFORMATION

D R Autos (Bishops Stortford) 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.

The presentation currency is £ sterling.

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 cost and 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.

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.

3. EMPLOYEES AND DIRECTORS

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

D R AUTOS (BISHOPS STORTFORD) LIMITED (REGISTERED NUMBER: 08924700)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 163,838
Additions 9,549
At 31 March 2024 173,387
DEPRECIATION
At 1 April 2023 111,423
Charge for year 13,600
At 31 March 2024 125,023
NET BOOK VALUE
At 31 March 2024 48,364
At 31 March 2023 52,415

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,809 7,415
Other debtors 90,930 94,632
105,739 102,047

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,382 5,248
Trade creditors 21,439 17,787
Taxation and social security 29,586 30,334
Other creditors 9,633 6,259
66,040 59,628

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 30,087 35,469

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,142 13,098

D R AUTOS (BISHOPS STORTFORD) LIMITED (REGISTERED NUMBER: 08924700)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 1,664