IRIS Accounts Production v24.3.2.46 10709295 director 7.9.23 6.9.24 6.9.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107092952023-09-06107092952024-09-06107092952023-09-072024-09-06107092952022-09-06107092952022-09-072023-09-06107092952023-09-0610709295ns15:EnglandWales2023-09-072024-09-0610709295ns14:PoundSterling2023-09-072024-09-0610709295ns10:Director12023-09-072024-09-0610709295ns10:PrivateLimitedCompanyLtd2023-09-072024-09-0610709295ns10:SmallEntities2023-09-072024-09-0610709295ns10:AuditExemptWithAccountantsReport2023-09-072024-09-0610709295ns10:SmallCompaniesRegimeForDirectorsReport2023-09-072024-09-0610709295ns10:SmallCompaniesRegimeForAccounts2023-09-072024-09-0610709295ns10:FullAccounts2023-09-072024-09-0610709295ns10:RegisteredOffice2023-09-072024-09-0610709295ns5:CurrentFinancialInstruments2024-09-0610709295ns5:CurrentFinancialInstruments2023-09-0610709295ns5:Non-currentFinancialInstruments2024-09-0610709295ns5:Non-currentFinancialInstruments2023-09-0610709295ns5:ShareCapital2024-09-0610709295ns5:ShareCapital2023-09-0610709295ns5:RetainedEarningsAccumulatedLosses2024-09-0610709295ns5:RetainedEarningsAccumulatedLosses2023-09-0610709295ns5:PlantMachinery2023-09-072024-09-0610709295ns5:MotorVehicles2023-09-072024-09-0610709295ns5:PlantMachinery2023-09-0610709295ns5:MotorVehicles2023-09-0610709295ns5:PlantMachinery2024-09-0610709295ns5:MotorVehicles2024-09-0610709295ns5:PlantMachinery2023-09-0610709295ns5:MotorVehicles2023-09-0610709295ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-09-0610709295ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-0610709295ns5:RetainedEarningsAccumulatedLosses2023-09-0610709295ns5:RetainedEarningsAccumulatedLosses2023-09-072024-09-06
REGISTERED NUMBER: 10709295 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 SEPTEMBER 2024

FOR

DISTINCTIVE CARS YORK LIMITED

DISTINCTIVE CARS YORK LIMITED (REGISTERED NUMBER: 10709295)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 6 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

DISTINCTIVE CARS YORK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 6 SEPTEMBER 2024







DIRECTOR: B Rycroft





REGISTERED OFFICE: 2a Acomb Court
Front Street
Acomb
YO24 3BJ





REGISTERED NUMBER: 10709295 (England and Wales)





ACCOUNTANTS: Smith Wilson Limited
2A Acomb Court
Acomb
York
North Yorkshire
YO24 3BJ

DISTINCTIVE CARS YORK LIMITED (REGISTERED NUMBER: 10709295)

BALANCE SHEET
6 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,615 47,019

CURRENT ASSETS
Stocks 217,606 215,896
Debtors 5 20,000 12,980
Cash at bank 583,994 430,235
821,600 659,111
CREDITORS
Amounts falling due within one year 6 222,109 219,303
NET CURRENT ASSETS 599,491 439,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,106

486,827

CREDITORS
Amounts falling due after more than one year 7 18,684 28,541
NET ASSETS 618,422 458,286

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 618,322 458,186
618,422 458,286

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 6 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 6 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 February 2025 and were signed by:





B Rycroft - Director


DISTINCTIVE CARS YORK LIMITED (REGISTERED NUMBER: 10709295)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 6 SEPTEMBER 2024

1. STATUTORY INFORMATION

Distinctive Cars York 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% 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
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 NIL (2023 - 2 ).

DISTINCTIVE CARS YORK LIMITED (REGISTERED NUMBER: 10709295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 6 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 7 September 2023
and 6 September 2024 24,203 43,346 67,549
DEPRECIATION
At 7 September 2023 5,701 14,829 20,530
Charge for year 3,700 5,704 9,404
At 6 September 2024 9,401 20,533 29,934
NET BOOK VALUE
At 6 September 2024 14,802 22,813 37,615
At 6 September 2023 18,502 28,517 47,019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,000 12,980

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Car deposits account 14,350 37,235
Trade creditors - 22,416
Tax 56,385 23,286
VAT 40,358 31,480
Other creditors 60,000 60,000
Directors' current accounts 48,416 42,386
Accrued expenses 2,600 2,500
222,109 219,303

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 18,684 28,541

8. RESERVES
Retained
earnings
£   

At 7 September 2023 458,186
Profit for the year 161,136
Dividends (1,000 )
At 6 September 2024 618,322

DISTINCTIVE CARS YORK LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
DISTINCTIVE CARS YORK LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 6 September 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Smith Wilson Limited
2A Acomb Court
Acomb
York
North Yorkshire
YO24 3BJ


14 February 2025