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REGISTERED NUMBER: 00912101 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Dando's Motor Services Limited

Dando's Motor Services Limited (Registered number: 00912101)






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


Dando's Motor Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs Z T Boulton
D C I Powell





REGISTERED OFFICE: Avon House
Hatters Lane
Chipping Sodbury
South Gloucestershire
BS37 6AA





REGISTERED NUMBER: 00912101 (England and Wales)





ACCOUNTANTS: Underwood Lamb Professional Services Ltd
Ground Floor, The Old Barn
Lady Farm
Chelwood
Bristol
BS39 4NN

Dando's Motor Services Limited (Registered number: 00912101)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,477 189,927

CURRENT ASSETS
Stocks 5 810,562 916,245
Debtors 6 143,421 92,424
Cash at bank and in hand 916,764 634,550
1,870,747 1,643,219
CREDITORS
Amounts falling due within one year 7 611,081 532,398
NET CURRENT ASSETS 1,259,666 1,110,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,400,143

1,300,748

CREDITORS
Amounts falling due after more than one
year

8

(13,248

)

(23,177

)

PROVISIONS FOR LIABILITIES (1,649 ) (2,956 )
NET ASSETS 1,385,246 1,274,615

CAPITAL AND RESERVES
Called up share capital 39,500 39,500
Retained earnings 9 1,345,746 1,235,115
SHAREHOLDERS' FUNDS 1,385,246 1,274,615

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 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.

Dando's Motor Services Limited (Registered number: 00912101)

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 Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





D C I Powell - Director


Dando's Motor Services Limited (Registered number: 00912101)

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

1. STATUTORY INFORMATION

Dando's Motor Services 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 represents amounts receivable from the actual sale of vehicles or the provision of services.

Bonuses are received quarterly in accordance with the company achieving targets set by the franchises and these bonuses are recognised on an accruals basis once the company is entitled to them.

The company operates a number of departmental cost centres for internal accounting and management reporting purposes. For value added tax and annual accounting purposes, inter-departmental transactions are ignored and turnover and cost of sales are quoted net of any such internal transactions.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost and 10% on cost
Fixtures and fittings - 25% on cost and 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

New vehicles are held on consignment. These have been accounted for as assets of the company and the corresponding liabilities are included within trade creditors.

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.


Dando's Motor Services Limited (Registered number: 00912101)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
These accounts have been prepared on a going concern basis as the directors believe that the company has sufficient funds for the foreseeable future, being 12 months from the date of signature of the financial statements, to meet its liabilities as and when they fall due.

Financial instruments
Financial liabilities and equity investments are classified according to the substance of the contractual arrangements entered into. An equity investment is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 301,389 161,548 136,384
Additions - 6,681 -
Disposals - (15,945 ) -
At 31 March 2024 301,389 152,284 136,384
DEPRECIATION
At 1 April 2023 195,880 138,645 113,226
Charge for year 30,139 6,195 5,941
Eliminated on disposal - (15,945 ) -
At 31 March 2024 226,019 128,895 119,167
NET BOOK VALUE
At 31 March 2024 75,370 23,389 17,217
At 31 March 2023 105,509 22,903 23,158

Dando's Motor Services Limited (Registered number: 00912101)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 49,631 91,041 739,993
Additions - - 6,681
Disposals (11,841 ) (21,205 ) (48,991 )
At 31 March 2024 37,790 69,836 697,683
DEPRECIATION
At 1 April 2023 21,013 81,302 550,066
Charge for year 7,200 6,656 56,131
Eliminated on disposal (11,841 ) (21,205 ) (48,991 )
At 31 March 2024 16,372 66,753 557,206
NET BOOK VALUE
At 31 March 2024 21,418 3,083 140,477
At 31 March 2023 28,618 9,739 189,927

5. STOCKS
31.3.24 31.3.23
£    £   
Stock - Cars 792,181 886,865
Stock - Parts 18,381 29,380
810,562 916,245

New vehicles are held on consignment. These have been accounted for as assets of the company and the corresponding liabilities are included with trade creditors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 83,227 39,703
Other debtors 60,194 52,721
143,421 92,424

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 360,049 316,532
Amounts owed to group undertakings 24,000 21,000
Taxation and social security 134,469 48,524
Other creditors 82,563 136,342
611,081 532,398

Dando's Motor Services Limited (Registered number: 00912101)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 13,248 23,177

9. RESERVES
Retained
earnings
£   

At 1 April 2023 1,235,115
Profit for the year 110,631
At 31 March 2024 1,345,746

10. RELATED PARTY TRANSACTION

The Company was under the control of the directors, Z T Boulton and D C I Powell throughout the current and previous year.

During the year Alden Motor Holdings Limited, the parent company made management charges of £24,000 (2023 - £24,000). At the year end £24,000 was owed to Alden Motor Holdings Limited.

During the year the company was charged management fees of £12,000 by Laddenbrook Car Sales Ltd, a company in which D Powell, a director of Dandos Motor Services Ltd, is also a director. The charges were deemed by both parties to be at a market rate for the services provided.

During the year the company received management fees of £7,455 from Sabena Properties Ltd, a company in which Z T Boulton, a director of Dandos Motor Services Ltd, is also a director. The charges were deemed by both parties to be at a market rate for the services provided.