6 01/10/2023 30/09/2024 2024-09-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-10-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09778470 2023-10-01 2024-09-30 09778470 2024-09-30 09778470 2023-09-30 09778470 2022-10-01 2023-09-30 09778470 2023-09-30 09778470 2022-09-30 09778470 core:PlantMachinery 2023-10-01 2024-09-30 09778470 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 09778470 core:MotorVehicles 2023-10-01 2024-09-30 09778470 bus:Director1 2023-10-01 2024-09-30 09778470 core:PlantMachinery 2023-09-30 09778470 core:FurnitureFittingsToolsEquipment 2023-09-30 09778470 core:MotorVehicles 2023-09-30 09778470 core:PlantMachinery 2024-09-30 09778470 core:FurnitureFittingsToolsEquipment 2024-09-30 09778470 core:MotorVehicles 2024-09-30 09778470 core:WithinOneYear 2024-09-30 09778470 core:WithinOneYear 2023-09-30 09778470 core:AfterOneYear 2024-09-30 09778470 core:AfterOneYear 2023-09-30 09778470 core:ShareCapital 2024-09-30 09778470 core:ShareCapital 2023-09-30 09778470 core:RetainedEarningsAccumulatedLosses 2024-09-30 09778470 core:RetainedEarningsAccumulatedLosses 2023-09-30 09778470 core:PlantMachinery 2023-09-30 09778470 core:FurnitureFittingsToolsEquipment 2023-09-30 09778470 core:MotorVehicles 2023-09-30 09778470 bus:SmallEntities 2023-10-01 2024-09-30 09778470 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09778470 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09778470 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09778470 bus:FullAccounts 2023-10-01 2024-09-30
Company registration number: 09778470
DSD MOBILE TYRES LTD
UNAUDITED FILLETED FINANCIAL STATEMENTS
30 September 2024
DSD MOBILE TYRES LTD
BALANCE SHEET
30TH SEPTEMBER 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 124,865 72,077
_______ _______
124,865 72,077
Current assets
Stocks 170,000 128,101
Debtors 6 289,415 258,069
Cash at bank and in hand 558 -
_______ _______
459,973 386,170
Creditors: amounts falling due
within one year 7 ( 217,621) ( 229,550)
_______ _______
Net current assets 242,352 156,620
_______ _______
Total assets less current liabilities 367,217 228,697
Creditors: amounts falling due
after more than one year 8 ( 36,930) ( 22,209)
Provisions for liabilities ( 31,217) ( 13,695)
_______ _______
Net assets 299,070 192,793
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 298,970 192,693
_______ _______
Shareholder funds 299,070 192,793
_______ _______
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 08 November 2024 , and are signed on behalf of the board by:
Mr. JD Donnelly
Director
Company registration number: 09778470
DSD MOBILE TYRES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30TH SEPTEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2, The Old Feed Mills Main Road, Mosterton, Beaminster, DT8 3HG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 33.3 % reducing balance
Motor vehicles - 15 % reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1st October 2023 36,201 1,903 110,513 148,617
Additions 6,348 333 59,905 66,586
_______ _______ _______ _______
At 30th September 2024 42,549 2,236 170,418 215,203
_______ _______ _______ _______
Depreciation
At 1st October 2023 20,366 1,608 54,566 76,540
Charge for the year 4,139 141 9,518 13,798
_______ _______ _______ _______
At 30th September 2024 24,505 1,749 64,084 90,338
_______ _______ _______ _______
Carrying amount
At 30th September 2024 18,044 487 106,334 124,865
_______ _______ _______ _______
At 30th September 2023 15,835 295 55,947 72,077
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 287,765 256,917
Other debtors 1,650 1,152
_______ _______
289,415 258,069
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 9,983 31,277
Trade creditors 126,154 140,102
Corporation tax 35,547 15,010
Social security and other taxes 23,997 31,072
Other creditors 21,940 12,089
_______ _______
217,621 229,550
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 8,198 18,426
Other creditors 28,732 3,783
_______ _______
36,930 22,209
_______ _______