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REGISTERED NUMBER: 05353820 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

D S & M A Mellor Car Sales Limited

D S & M A Mellor Car Sales Limited (Registered number: 05353820)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D S & M A Mellor Car Sales Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D Mellor
Mrs M A Mellor





REGISTERED OFFICE: Maulak Chambers
The Centre
High Street
Halstead
Essex
CO9 2AJ





REGISTERED NUMBER: 05353820 (England and Wales)





ACCOUNTANTS: Maurice Lake & Co Limited
Accountants and
Taxation Consultants
Maulak Chambers
The Centre
High Street
Halstead
Essex
CO9 2AJ

D S & M A Mellor Car Sales Limited (Registered number: 05353820)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,142 15,619
13,142 15,619

CURRENT ASSETS
Stocks 246,556 245,435
Prepayments and accrued income 63 264
Cash at bank 52,672 76,739
299,291 322,438
CREDITORS
Amounts falling due within one year 6 147,348 165,405
NET CURRENT ASSETS 151,943 157,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,085

172,652

CREDITORS
Amounts falling due after more than one
year

7

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES (1,137 ) (1,706 )
NET ASSETS 151,448 148,446

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 151,446 148,444
SHAREHOLDERS' FUNDS 151,448 148,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

D S & M A Mellor Car Sales Limited (Registered number: 05353820)

Balance Sheet - continued
29 February 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 22 November 2024 and were signed on its behalf by:





D Mellor - Director


D S & M A Mellor Car Sales Limited (Registered number: 05353820)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

D S & M A Mellor Car Sales 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on reducing balance and 15% 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.

D S & M A Mellor Car Sales Limited (Registered number: 05353820)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 60,000
AMORTISATION
At 1 March 2023
and 29 February 2024 60,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 55,345
DEPRECIATION
At 1 March 2023 39,726
Charge for year 2,477
At 29 February 2024 42,203
NET BOOK VALUE
At 29 February 2024 13,142
At 28 February 2023 15,619

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,198 4,002
Taxation and social security 20,115 19,126
Other creditors 111,035 132,277
147,348 165,405

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,500 22,500