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Registered number: 12481616
Dpc Racing Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
C M Morars Limited
23 Harold Avenue
Belverder
England
DA17 5NN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12481616
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 34,891 43,869
34,891 43,869
CURRENT ASSETS
Stocks 5 25,207 10,207
Debtors 6 (11,370 ) 2,711
Cash at bank and in hand 4,372 28,089
18,209 41,007
Creditors: Amounts Falling Due Within One Year 7 (86,004 ) (101,873 )
NET CURRENT ASSETS (LIABILITIES) (67,795 ) (60,866 )
TOTAL ASSETS LESS CURRENT LIABILITIES (32,904 ) (16,997 )
NET LIABILITIES (32,904 ) (16,997 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (32,905 ) (16,998 )
SHAREHOLDERS' FUNDS (32,904) (16,997)
Page 1
Page 2
For the year ending 28 February 2025 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 David Croft
Director
30/04/2025
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
Dpc Racing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12481616 . The registered office is The Granary Huntsman Farm Burlands Lane, Upper Poppleton, York, YO26 6QN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% 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: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 March 2024 30,053 31,041 5,000 66,094
As at 28 February 2025 30,053 31,041 5,000 66,094
Depreciation
As at 1 March 2024 13,086 7,061 2,078 22,225
Provided during the period 2,545 5,995 438 8,978
As at 28 February 2025 15,631 13,056 2,516 31,203
...CONTINUED
Page 3
Page 4
Net Book Value
As at 28 February 2025 14,422 17,985 2,484 34,891
As at 1 March 2024 16,967 23,980 2,922 43,869
5. Stocks
2025 2024
£ £
Stock 25,207 10,207
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors (11,370 ) -
VAT - 2,711
(11,370 ) 2,711
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 73,892 1
VAT 1,022 -
Accruals and deferred income 1,200 2,100
Director's loan account 9,890 99,772
86,004 101,873
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 4