16 19 D N R Commercial Vehicle Refinishers Limited 3511017 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of commercial vehicle refinishing Digita Accounts Production Advanced 6.30.9574.0 true 3511017 2023-04-01 2024-03-31 3511017 2024-03-31 3511017 core:RetainedEarningsAccumulatedLosses 2024-03-31 3511017 core:ShareCapital 2024-03-31 3511017 core:CurrentFinancialInstruments 2024-03-31 3511017 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 3511017 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 3511017 bus:SmallEntities 2023-04-01 2024-03-31 3511017 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 3511017 bus:FilletedAccounts 2023-04-01 2024-03-31 3511017 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 3511017 bus:RegisteredOffice 2023-04-01 2024-03-31 3511017 bus:Director1 2023-04-01 2024-03-31 3511017 bus:Director2 2023-04-01 2024-03-31 3511017 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 3511017 bus:Agent1 2023-04-01 2024-03-31 3511017 core:Buildings 2023-04-01 2024-03-31 3511017 core:MotorVehicles 2023-04-01 2024-03-31 3511017 core:PlantMachinery 2023-04-01 2024-03-31 3511017 countries:EnglandWales 2023-04-01 2024-03-31 3511017 2023-03-31 3511017 2022-04-01 2023-03-31 3511017 2023-03-31 3511017 core:RetainedEarningsAccumulatedLosses 2023-03-31 3511017 core:ShareCapital 2023-03-31 3511017 core:CurrentFinancialInstruments 2023-03-31 3511017 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 3511017 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 xbrli:pure iso4217:GBP

D N R Commercial Vehicle Refinishers Limited

Unaudited Abridged Financial Accounts

for the Year Ended 31 March 2024

Registration number: 3511017

 

D N R Commercial Vehicle Refinishers Limited

Contents

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

D N R Commercial Vehicle Refinishers Limited

Company Information

Directors

N Hatton

A Woodbridge

Registered office

Unit 8
Lyon Road Industrial Estate
Kearsley
Bolton
BL4 8NB
 

Accountants

Gortons
Chartered AccountantsStanmore House
64-68 Blackburn Street
Radcliffe
Manchester
M26 2JS

 

D N R Commercial Vehicle Refinishers Limited

(Registration number: 3511017)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

21,371

27,202

Current assets

 

Stocks

5,300

4,850

Debtors

365,976

339,600

Cash at bank and in hand

 

57,995

31,795

 

429,271

376,245

Creditors: Amounts falling due within one year

(318,794)

(330,897)

Net current assets

 

110,477

45,348

Total assets less current liabilities

 

131,848

72,550

Creditors: Amounts falling due after more than one year

(14,665)

(28,661)

Accruals and deferred income

 

(15,383)

(17,483)

Net assets

 

101,800

26,406

Capital and reserves

 

Called up share capital

4

4

Retained earnings

101,796

26,402

Shareholders' funds

 

101,800

26,406

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 21 March 2025 and signed on its behalf by:
 

.........................................
A Woodbridge
Director

   
     
 

D N R Commercial Vehicle Refinishers Limited

Notes to the Unaudited Abridged Financial Accounts for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom. The company's registration number is 3511017. The business address and registered office is Unit 8, Lyon Road Industrial Estate, Kearsley, Bolton, BL4 8NB.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial accounts are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial accounts have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Turnover

Turnover represents the value of work undertaken during the year, exclusive of value added tax.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% Reducing balance method

Motor vehicles

25% Reducing balance method

Property improvements

Not depreciated

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

 

D N R Commercial Vehicle Refinishers Limited

Notes to the Unaudited Abridged Financial Accounts for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2023 - 19).

4

Tangible assets

Total
£

Cost or valuation

At 1 April 2023

113,608

At 31 March 2024

113,608

Depreciation

At 1 April 2023

86,406

Charge for the year

5,831

At 31 March 2024

92,237

Carrying amount

At 31 March 2024

21,371

At 31 March 2023

27,202

5

Financial commitments, guarantees and contingencies

The total amount of financial commitments not included in the balance sheet is £38,400 (2023 - £55,800).

6

Related party transactions

One director had a loan with the company which was in credit at the year end (2023 - overdrawn by £6,290). The maximum this loan was overdrawn in the year was £12,656 (2023 - £58,267).

Another director had a loan with the company which was overdrawn by £38,330 at the year end (2023 - £33,670 overdrawn). Advances of £32,693 and repayments of £28,033 were made in the year. The maximum this loan was overdrawn in the year was £52,359 (2023 - £58,267).

Interest has been charged at a commercial rate on these loans and they are repayable on demand.