DGC MOTOR CO LTD | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE PERIOD ENDED 29 FEBRUARY 2024 | |
DGC MOTOR CO LTD | |||
FINANCIAL STATEMENTS | |||
FOR THE PERIOD ENDED 29 FEBRUARY 2024 | |||
DIRECTOR | |||
D G Cunliffe | |||
SECRETARY | |||
D G Cunliffe | |||
REGISTERED OFFICE | |||
151 Lowton Road Golborne Warrington WA3 3HN |
|||
COMPANY REGISTERED NUMBER | |||
04166548 | |||
BANKERS | |||
National Westminster Bank plc | |||
ACCOUNTANTS | |||
R D Hill Associates | |||
Accountants | |||
5 Whinslee Drive Lostock Bolton BL6 4NB |
|||
page 1 | |
DGC MOTOR CO LTD | |||
FINANCIAL STATEMENTS | |||
FOR THE PERIOD ENDED 29 FEBRUARY 2024 | |||
CONTENTS | |||
Pages | |||
3-4 | Abridged Statement of Financial Position | ||
5-8 | Notes to the Financial Statements | ||
page 2 | |
Company registered number: |
|||||
ABRIDGED STATEMENT OF FINANCIAL POSITION AT |
|||||
Note | 2024 | 2023 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Property, plant and equipment | |||||
CURRENT ASSETS | |||||
Inventories | |||||
Debtors | |||||
Cash at bank and in hand | |||||
CREDITORS: Amounts falling due within one year | 4 | ||||
NET CURRENT ASSETS | |||||
TOTAL ASSETS LESS CURRENT LIABILITIES | |||||
PROVISIONS FOR LIABILITIES | ( |
( |
|||
NET ASSETS | £ |
£ |
|||
CAPITAL AND RESERVES | |||||
Called up share capital | |||||
Retained earnings | |||||
SHAREHOLDERS' FUNDS | £ |
£ |
|||
page 3 | |
Company registered number: |
|||||
ABRIDGED STATEMENT OF FINANCIAL POSITION AT |
|||||
In approving these financial statements as director of the company I hereby confirm the following: | |||
All the members have consented to the preparation of an abridged Statement of Financial Position for the period ended 29 February 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 and authorised for issue by the board of directors on |
|||
Signed on behalf of the board of directors | |||
page 4 | |
DGC MOTOR CO LTD | |||
NOTES TO THE ACCOUNTS | |||
FOR THE PERIOD ENDED 29 FEBRUARY 2024 |
1. | SIGNIFICANT ACCOUNTING POLICIES | ||
1a. | Statement of compliance | |||
Registered office: | ||||
Golborne Warrington WA3 3HN |
||||
These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 March 2023. | ||||
Basis of accounting | ||||
1c. | Revenue recognition | |||
1d. | Borrowing costs | |||
page 5 | |
DGC MOTOR CO LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE PERIOD ENDED 29 FEBRUARY 2024 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1e. | Taxation | |||
1f. | Property, plant and equipment | ||
Plant and machinery | |||
Vehicles | |||
Fixtures and fittings | |||
Equipment |
1g. | Inventories | |||
1h. | Short term debtors and creditors | |||
1i. | Cash and cash equivalents | |||
page 6 | |
DGC MOTOR CO LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE PERIOD ENDED 29 FEBRUARY 2024 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1j. | Interest bearing borrowings | |||
1k. | Leased assets | |||
1l. | Employee benefits | |||
1m. | Judgements and key sources of estimation uncertainty | |||
page 7 | |
DGC MOTOR CO LTD | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE PERIOD ENDED 29 FEBRUARY 2024 |
2. | DIRECTORS AND EMPLOYEES | ||
Employee costs during the period amounted to: | 2024 | 2023 | |
£ | £ | ||
Wages and salaries | |||
Social security costs | ( |
( |
|
Pension costs | |||
£ |
£ |
||
The average weekly number of employees during the period were as follows: | |||
2024 | 2023 | ||
No. | No. | ||
Management and administration | 2 | 2 | |
Production and sales | 4 | 4 | |
3. | FIXED ASSETS | ||
Property | Total | ||
plant & | |||
equipment | |||
£ | £ | ||
Cost or valuation | |||
At 1 March 2023 | 495,806 | ||
At 29 February 2024 | 495,806 | ||
Provision for depreciation, | |||
amortisation and impairment | |||
At 1 March 2023 | 20,271 | ||
For the period | 549 | ||
At 29 February 2024 | 20,820 | ||
Net Book Value | |||
At 29 February 2024 | |||
At 28 February 2023 | |||
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
2024 | 2023 | ||
£ | £ | ||
Trade creditors | |||
Corporation tax | |||
Other taxes and social security | |||
Other creditors | |||
Accruals and deferred income | |||
£ |
£ |
||
page 8 |