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REGISTERED NUMBER: 08187766 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 August 2024

for

DK Logistics (Motorsport) Limited

DK Logistics (Motorsport) Limited (Registered number: 08187766)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DK Logistics (Motorsport) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: R Allsopp
Mrs C E Allsopp
D Burton





REGISTERED OFFICE: Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB





REGISTERED NUMBER: 08187766 (England and Wales)





ACCOUNTANTS: Paterson Brodie Limited
Chartered Certified Accountants
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

DK Logistics (Motorsport) Limited (Registered number: 08187766)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 893,267 906,143

CURRENT ASSETS
Debtors 5 613,830 610,129
Cash at bank and in hand 566,457 462,582
1,180,287 1,072,711
CREDITORS
Amounts falling due within one year 6 626,329 527,188
NET CURRENT ASSETS 553,958 545,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,447,225

1,451,666

CREDITORS
Amounts falling due after more than one
year

7

(358,482

)

(431,714

)

PROVISIONS FOR LIABILITIES 9 (217,927 ) (190,118 )
NET ASSETS 870,816 829,834

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 11 870,806 829,824
SHAREHOLDERS' FUNDS 870,816 829,834

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DK Logistics (Motorsport) Limited (Registered number: 08187766)

Balance Sheet - continued
31 August 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 Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





R Allsopp - Director


DK Logistics (Motorsport) Limited (Registered number: 08187766)

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

1. STATUTORY INFORMATION

DK Logistics (Motorsport) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

DK Logistics (Motorsport) Limited (Registered number: 08187766)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 28 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 September 2023 30,802 27,220 41,561
Additions - 9,800 11,219
Disposals - - -
At 31 August 2024 30,802 37,020 52,780
DEPRECIATION
At 1 September 2023 6,160 13,181 20,001
Charge for year 3,081 4,767 6,556
Eliminated on disposal - - -
At 31 August 2024 9,241 17,948 26,557
NET BOOK VALUE
At 31 August 2024 21,561 19,072 26,223
At 31 August 2023 24,642 14,039 21,560

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 1,375,037 7,633 1,482,253
Additions 401,536 588 423,143
Disposals (284,128 ) - (284,128 )
At 31 August 2024 1,492,445 8,221 1,621,268
DEPRECIATION
At 1 September 2023 531,793 4,975 576,110
Charge for year 274,827 1,331 290,562
Eliminated on disposal (138,671 ) - (138,671 )
At 31 August 2024 667,949 6,306 728,001
NET BOOK VALUE
At 31 August 2024 824,496 1,915 893,267
At 31 August 2023 843,244 2,658 906,143

DK Logistics (Motorsport) Limited (Registered number: 08187766)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 1,317,372
Additions 390,146
Reclassification/transfer (328,861 )
At 31 August 2024 1,378,657
DEPRECIATION
At 1 September 2023 497,879
Charge for year 261,333
Reclassification/transfer (164,532 )
At 31 August 2024 594,680
NET BOOK VALUE
At 31 August 2024 783,977
At 31 August 2023 819,493

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 503,950 493,679
Other debtors 65,247 65,237
Prepayments and accrued income 44,633 51,213
613,830 610,129

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 8) 310,853 328,745
Trade creditors 136,132 93,559
Tax 54,469 -
Social security and other taxes 18,463 16,121
VAT 34,482 34,976
Directors' current accounts 64,017 38,937
Accrued expenses 7,913 14,850
626,329 527,188

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 8) 358,482 431,714

DK Logistics (Motorsport) Limited (Registered number: 08187766)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year 310,853 328,745
Between one and five years 358,482 431,714
669,335 760,459

Non-cancellable operating leases
31.8.24 31.8.23
£    £   
Within one year 291,168 291,168
Between one and five years 864,836 896,004
In more than five years 715,000 975,000
1,871,004 2,162,172

The Mr R Allsopp is a guarantor for the property lease.

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 217,927 190,118

Deferred
tax
£   
Balance at 1 September 2023 190,118
Provided during year 27,809
Balance at 31 August 2024 217,927

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1,000 Ordinary £0.01 10 10

DK Logistics (Motorsport) Limited (Registered number: 08187766)

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

11. RESERVES
Retained
earnings
£   

At 1 September 2023 829,824
Profit for the year 105,982
Dividends (65,000 )
At 31 August 2024 870,806