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REGISTERED NUMBER: 00463767 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

A.B.Dyne Motors Limited

A.B.Dyne Motors Limited (Registered number: 00463767)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A.B.Dyne Motors Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: P Wright
M P Wright





SECRETARY: P Wright





REGISTERED OFFICE: 88 Crawford Street
London
W1H 2EJ





REGISTERED NUMBER: 00463767 (England and Wales)






A.B.Dyne Motors Limited (Registered number: 00463767)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 89,276 106,486
Investments 5 130,001 130,001
Investment property 6 2,300 2,300
221,577 238,787

CURRENT ASSETS
Stocks 7 188,386 208,180
Debtors 8 1,409,015 1,374,369
Cash at bank and in hand 27,910 74,715
1,625,311 1,657,264
CREDITORS
Amounts falling due within one year 9 (849,149 ) (904,490 )
NET CURRENT ASSETS 776,162 752,774
TOTAL ASSETS LESS CURRENT
LIABILITIES

997,739

991,561

CAPITAL AND RESERVES
Called up share capital 1,453 1,453
Share premium 11,766 11,766
Capital redemption reserve 3,209 3,209
Retained earnings 981,311 975,133
997,739 991,561

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.

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 26 November 2024 and were signed on its behalf by:





M P Wright - Director


A.B.Dyne Motors Limited (Registered number: 00463767)

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

1. STATUTORY INFORMATION

A.B.Dyne Motors 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - 25%,20% and 17.5% on reducing balance.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at cost and relates to an interest in land only.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 26 (2023 - 25 ) .

A.B.Dyne Motors Limited (Registered number: 00463767)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 819,431
Additions 6,739
Disposals (46,558 )
At 29 February 2024 779,612
DEPRECIATION
At 1 March 2023 712,945
Charge for year 23,948
Eliminated on disposal (46,557 )
At 29 February 2024 690,336
NET BOOK VALUE
At 29 February 2024 89,276
At 28 February 2023 106,486

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 130,001
NET BOOK VALUE
At 29 February 2024 130,001
At 28 February 2023 130,001

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 2,300
NET BOOK VALUE
At 29 February 2024 2,300
At 28 February 2023 2,300

Directors believe that the market value of investment property is not materially different from the book value and relates to ground rents.

7. STOCKS
29.2.24 28.2.23
£    £   
Work-in-progress 187,773 207,567
Land for resale 613 613
188,386 208,180

Stock and work in progress include an amount of £613 in relation to land owned by the company which is situated in Iverson Road, London.

A.B.Dyne Motors Limited (Registered number: 00463767)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 437,832 319,012
Amounts owed by group undertakings 881,164 892,055
Other debtors 19,266 7,225
Tax - 22,479
Prepayments and accrued income 70,753 133,598
1,409,015 1,374,369

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 246,042 212,183
Tax 6,966 18,395
Social security and other taxes 28,565 21,252
VAT 31,715 8,945
Other creditors 2,571 15,325
Directors' current accounts 1,000 1,470
Accruals and deferred income 532,290 626,920
849,149 904,490