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Registered number: 10069915
DST Automotive Ltd
Financial Statements
For The Year Ended 31 August 2024
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10069915
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 161,454 153,962
161,454 153,962
CURRENT ASSETS
Stocks 5 653,316 657,737
Debtors 6 10,609 4,365
Cash at bank and in hand 19,529 2,638
683,454 664,740
Creditors: Amounts Falling Due Within One Year 7 (487,973 ) (465,753 )
NET CURRENT ASSETS (LIABILITIES) 195,481 198,987
TOTAL ASSETS LESS CURRENT LIABILITIES 356,935 352,949
Creditors: Amounts Falling Due After More Than One Year 8 (129,980 ) (170,959 )
NET ASSETS 226,955 181,990
CAPITAL AND RESERVES
Called up share capital 9 45,000 45,000
Profit and Loss Account 181,955 136,990
SHAREHOLDERS' FUNDS 226,955 181,990
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Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D M Taqvi
Director
31st October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
DST Automotive Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10069915 . The registered office is 10/11 West Carr Business Park West, Carr Road, Retford, Nottinghamshire, DN22 7GY. The company's functional and presentational currency is GBP and no level of rounding has been used in the preparation of the financial statements.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 133,970 109,095 14,355 257,420
Additions 10,899 32,670 5,425 48,994
As at 31 August 2024 144,869 141,765 19,780 306,414
Depreciation
As at 1 September 2023 62,140 32,557 8,761 103,458
Provided during the period 16,546 22,752 2,204 41,502
As at 31 August 2024 78,686 55,309 10,965 144,960
Net Book Value
As at 31 August 2024 66,183 86,456 8,815 161,454
As at 1 September 2023 71,830 76,538 5,594 153,962
5. Stocks
2024 2023
£ £
Finished goods 653,316 657,737
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,611 2,057
Prepayments and accrued income 6,998 2,308
Other debtors 2,000 -
10,609 4,365
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 32,940 25,771
Trade creditors 134,014 187,664
Bank loans and overdrafts 181,887 93,218
Other creditors 874 7,080
Taxation and social security 138,258 152,020
487,973 465,753
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 74,649 69,754
Bank loans 55,331 101,205
129,980 170,959
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 45,000 45,000
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