Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 02934786 Mr John Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02934786 2023-05-31 02934786 2024-05-31 02934786 2023-06-01 2024-05-31 02934786 frs-core:CurrentFinancialInstruments 2024-05-31 02934786 frs-core:FurnitureFittings 2024-05-31 02934786 frs-core:FurnitureFittings 2023-06-01 2024-05-31 02934786 frs-core:FurnitureFittings 2023-05-31 02934786 frs-core:MotorVehicles 2024-05-31 02934786 frs-core:MotorVehicles 2023-06-01 2024-05-31 02934786 frs-core:MotorVehicles 2023-05-31 02934786 frs-core:PlantMachinery 2024-05-31 02934786 frs-core:PlantMachinery 2023-06-01 2024-05-31 02934786 frs-core:PlantMachinery 2023-05-31 02934786 frs-core:ShareCapital 2024-05-31 02934786 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 02934786 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 02934786 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 02934786 frs-bus:SmallEntities 2023-06-01 2024-05-31 02934786 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 02934786 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 02934786 frs-bus:Director1 2023-06-01 2024-05-31 02934786 frs-countries:EnglandWales 2023-06-01 2024-05-31 02934786 2022-05-31 02934786 2023-05-31 02934786 2022-06-01 2023-05-31 02934786 frs-core:CurrentFinancialInstruments 2023-05-31 02934786 frs-core:ShareCapital 2023-05-31 02934786 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 02934786
D.A. Motors Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Cooper Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02934786
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,612 4,333
5,612 4,333
CURRENT ASSETS
Stocks 5 5,151 5,098
Cash at bank and in hand 10,545 18,953
15,696 24,051
Creditors: Amounts Falling Due Within One Year 6 (31,559 ) (22,583 )
NET CURRENT ASSETS (LIABILITIES) (15,863 ) 1,468
TOTAL ASSETS LESS CURRENT LIABILITIES (10,251 ) 5,801
NET (LIABILITIES)/ASSETS (10,251 ) 5,801
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (10,253 ) 5,799
SHAREHOLDERS' FUNDS (10,251) 5,801
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 John Gray
Director
23/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
D.A. Motors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02934786 . The registered office is Cumberland House, 24 - 28 baxter Avenue, Southend on Sea, Essex, SS2 6HZ.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2023 27,559 1,400 303 29,262
Additions 3,150 - - 3,150
As at 31 May 2024 30,709 1,400 303 32,412
Depreciation
As at 1 June 2023 23,226 1,400 303 24,929
Provided during the period 1,871 - - 1,871
As at 31 May 2024 25,097 1,400 303 26,800
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 May 2024 5,612 - - 5,612
As at 1 June 2023 4,333 - - 4,333
5. Stocks
2024 2023
£ £
Finished goods 5,151 5,098
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,205 4,543
Bank loans and overdrafts 7,630 12,310
Other loans 2,162 -
Other creditors 12,610 2,379
Taxation and social security 2,952 3,351
31,559 22,583
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4