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REGISTERED NUMBER: 12463434 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

DEEPCAR HOME IMPROVEMENTS LIMITED

DEEPCAR HOME IMPROVEMENTS LIMITED (REGISTERED NUMBER: 12463434)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DEEPCAR HOME IMPROVEMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: I Clancy
T J Clancy
Miss A R Clancy





REGISTERED OFFICE: 247 Manchester Road
Deepcar
Sheffield
South Yorkshire
S36 2RA





REGISTERED NUMBER: 12463434 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

DEEPCAR HOME IMPROVEMENTS LIMITED (REGISTERED NUMBER: 12463434)

BALANCE SHEET
29TH FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,902 70,748

CURRENT ASSETS
Stocks 4,500 4,500
Debtors 5 24,161 18,750
Cash at bank 69,963 78,945
98,624 102,195
CREDITORS
Amounts falling due within one year 6 132,226 126,402
NET CURRENT LIABILITIES (33,602 ) (24,207 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,300

46,541

CREDITORS
Amounts falling due after more than one
year

7

(14,287

)

(23,889

)

PROVISIONS FOR LIABILITIES (3,193 ) (6,057 )
NET ASSETS 3,820 16,595

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 3,710 16,485
3,820 16,595

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

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

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 28th November 2024 and were signed on its behalf by:



T J Clancy - Director


DEEPCAR HOME IMPROVEMENTS LIMITED (REGISTERED NUMBER: 12463434)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Deepcar Home Improvements 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.
Motor vehicles - 20% on reducing balance
Computer equipment - 33% 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
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.

DEEPCAR HOME IMPROVEMENTS LIMITED (REGISTERED NUMBER: 12463434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st March 2023 97,594 566 98,160
Additions 18,400 - 18,400
Disposals (32,000 ) - (32,000 )
At 29th February 2024 83,994 566 84,560
DEPRECIATION
At 1st March 2023 27,100 312 27,412
Charge for year 13,682 84 13,766
Eliminated on disposal (11,520 ) - (11,520 )
At 29th February 2024 29,262 396 29,658
NET BOOK VALUE
At 29th February 2024 54,732 170 54,902
At 28th February 2023 70,494 254 70,748

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st March 2023
and 29th February 2024 45,994
DEPRECIATION
At 1st March 2023 11,429
Charge for year 6,913
At 29th February 2024 18,342
NET BOOK VALUE
At 29th February 2024 27,652
At 28th February 2023 34,565

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 24,161 18,750

DEEPCAR HOME IMPROVEMENTS LIMITED (REGISTERED NUMBER: 12463434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 9,841 10,079
Trade creditors 33,730 33,400
Taxation and social security 10,295 6,483
Other creditors 78,360 76,440
132,226 126,402

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 14,287 23,889

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29th February 2024 and 28th February 2023:

29.2.24 28.2.23
£    £   
I Clancy
Balance outstanding at start of year 18,750 12,970
Amounts advanced 26,411 18,750
Amounts repaid (21,000 ) (12,970 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,161 18,750