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REGISTERED NUMBER: SC048500 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Dunlop's Auto Shop Limited

Dunlop's Auto Shop Limited (Registered number: SC048500)






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


Dunlop's Auto Shop Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Dunlop
F Dunlop





SECRETARY: Mrs K Anderson





REGISTERED OFFICE: 1250 Shettleston Road
Glasgow
G32 7YR





REGISTERED NUMBER: SC048500 (Scotland)





ACCOUNTANTS: McGregor Accountancy (Scotland) Ltd
8 Tom McCabe Gardens
Hamilton
ML3 6LW

Dunlop's Auto Shop Limited (Registered number: SC048500)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 972,032 711,830

CURRENT ASSETS
Inventories 677,065 605,000
Debtors 5 1,136,203 720,410
Cash at bank and in hand 639,484 498,425
2,452,752 1,823,835
CREDITORS
Amounts falling due within one year 6 1,774,151 1,498,173
NET CURRENT ASSETS 678,601 325,662
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,650,633

1,037,492

CREDITORS
Amounts falling due after more than
one year

7

(146,330

)

(164,794

)

PROVISIONS FOR LIABILITIES 9 (127,049 ) (104,317 )
NET ASSETS 1,377,254 768,381

Dunlop's Auto Shop Limited (Registered number: SC048500)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 (1,131 ) (1,131 )
Retained earnings 1,378,285 769,412
SHAREHOLDERS' FUNDS 1,377,254 768,381

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.

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 12 August 2024 and were signed on its behalf by:




S Dunlop - Director



F Dunlop - Director


Dunlop's Auto Shop Limited (Registered number: SC048500)

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

1. STATUTORY INFORMATION

Dunlop's Auto Shop Limited is a private company, limited by shares , registered in Scotland. 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
Revenue 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.

Stocks
Inventories 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.

Dunlop's Auto Shop Limited (Registered number: SC048500)

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

2. ACCOUNTING POLICIES - continued

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.

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 49 (2023 - 30 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 174,277 406,185 103,024
Additions 120,000 175,773 4,220
At 31 March 2024 294,277 581,958 107,244
DEPRECIATION
At 1 April 2023 18,016 138,741 39,103
Charge for year 5,886 58,196 17,035
At 31 March 2024 23,902 196,937 56,138
NET BOOK VALUE
At 31 March 2024 270,375 385,021 51,106
At 31 March 2023 156,261 267,444 63,921

Dunlop's Auto Shop Limited (Registered number: SC048500)

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

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 190,165 209,076 25,416 1,108,143
Additions 12,850 113,280 10,060 436,183
At 31 March 2024 203,015 322,356 35,476 1,544,326
DEPRECIATION
At 1 April 2023 77,534 106,587 16,332 396,313
Charge for year 31,370 53,942 9,552 175,981
At 31 March 2024 108,904 160,529 25,884 572,294
NET BOOK VALUE
At 31 March 2024 94,111 161,827 9,592 972,032
At 31 March 2023 112,631 102,489 9,084 711,830

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 56,621
DEPRECIATION
At 1 April 2023 38,340
Charge for year 4,570
At 31 March 2024 42,910
NET BOOK VALUE
At 31 March 2024 13,711
At 31 March 2023 18,281

Dunlop's Auto Shop Limited (Registered number: SC048500)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 677,604 594,573
Other debtors 458,599 125,837
1,136,203 720,410

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 21,000 21,000
Hire purchase contracts 6,935 12,799
Trade creditors 1,242,753 1,313,973
Taxation and social security 419,421 118,082
Other creditors 84,042 32,319
1,774,151 1,498,173

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 142,458 151,422
Hire purchase contracts 3,872 13,372
146,330 164,794

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 58,458 67,422

Dunlop's Auto Shop Limited (Registered number: SC048500)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 163,458 172,422
Hire purchase contracts 10,807 26,171
174,265 198,593

A standard security and floating charge was created in August 2021 over the whole property and undertaking and assets of the company to the extent of the Company's liabilities to Atom Bank plc.

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 127,049 104,317

Deferred
tax
£   
Balance at 1 April 2023 104,317
Provided during year 22,732
Balance at 31 March 2024 127,049

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 (1,131 )