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COMPANY REGISTRATION NUMBER: 11310313
Dash Motor Services Limited
Filleted Unaudited Financial Statements
31 March 2024
Dash Motor Services Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Dash Motor Services Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
6
19,417
16,658
Current assets
Stocks
4,000
4,000
Debtors
7
44,578
55,083
Cash at bank and in hand
107,250
107,990
---------
---------
155,828
167,073
Creditors: amounts falling due within one year
8
105,531
90,675
---------
---------
Net current assets
50,297
76,398
--------
--------
Total assets less current liabilities
69,714
93,056
Creditors: amounts falling due after more than one year
9
16,667
24,000
Provisions
4,083
3,382
--------
--------
Net assets
48,964
65,674
--------
--------
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
48,864
65,574
--------
--------
Shareholders funds
48,964
65,674
--------
--------
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 statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- The members have 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Dash Motor Services Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
G L Davies
Director
Company registration number: 11310313
Dash Motor Services Limited
Notes to the Financial Statements
Year ended 31 March 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 4 Church Green East, Redditch, B98 8BT, Worcestershire. The place of business is Unit 6, Royal Victoria Works, Studley, B80 7AP, Warwickshire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover represents sales of goods and services net of VAT and trade discounts. Turnover is recognised when goods or services are physically delivered to the customer. Tax Current tax represents the amount of tax payable or receivable in respect of the 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. Operating leases Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. Goodwill Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and 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:
Fixtures, fittings and equipment
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% 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 stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 7 ).
5. Intangible assets
Goodwill
£
Cost
Additions
10,000
--------
At 31 March 2024
10,000
--------
Amortisation
Charge for the year
10,000
--------
At 31 March 2024
10,000
--------
Carrying amount
At 31 March 2024
--------
At 31 March 2023
--------
6. Tangible assets
Fixtures, fittings and equipment
Motor vehicles
Office equipment
Total
£
£
£
£
Cost
At 1 April 2023
25,060
355
4,068
29,483
Additions
4,700
4,700
--------
----
-------
--------
At 31 March 2024
29,760
355
4,068
34,183
--------
----
-------
--------
Depreciation
At 1 April 2023
8,578
243
4,004
12,825
Charge for the year
3,177
28
( 1,264)
1,941
--------
----
-------
--------
At 31 March 2024
11,755
271
2,740
14,766
--------
----
-------
--------
Carrying amount
At 31 March 2024
18,005
84
1,328
19,417
--------
----
-------
--------
At 31 March 2023
16,482
112
64
16,658
--------
----
-------
--------
7. Debtors
2024
2023
£
£
Trade debtors
33,210
43,839
Other debtors
11,368
11,244
--------
--------
44,578
55,083
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
8,000
8,000
Trade creditors
46,253
34,469
Social security and other taxes
44,447
41,513
Other creditors
6,831
6,693
---------
--------
105,531
90,675
---------
--------
The bounce back loan from the bank is covered by a government-backed guarantee.
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
16,667
24,000
--------
--------
The bounce back loan from the bank is covered by a government-backed guarantee.
10. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
11. Other financial commitments
Total commitments under operating leases at the year-end totalled £ 56,249 (2023 - £ 75,693 ).