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DOBIES CUMBRIA MOTORS LIMITED

Registered Number
05291685
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

DOBIES CUMBRIA MOTORS LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

DOBIE, Emma
DOBIE, William

Registered Address

Dobies Business Park
Lillyhall West
Workington
CA14 4HX

Registered Number

05291685 (England and Wales)
DOBIES CUMBRIA MOTORS LIMITED
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,051,6391,057,906
1,051,6391,057,906
Current assets
Stocks41,013,533799,526
Debtors5321,429692,576
Cash at bank and on hand100100
1,335,0621,492,202
Creditors amounts falling due within one year6(1,936,771)(2,285,643)
Net current assets (liabilities)(601,709)(793,441)
Total assets less current liabilities449,930264,465
Net assets449,930264,465
Capital and reserves
Called up share capital1,0001,000
Other reserves200,000200,000
Profit and loss account248,93063,465
Shareholders' funds449,930264,465
The financial statements were approved and authorised for issue by the Board of Directors on 2 April 2025, and are signed on its behalf by:
DOBIE, Emma
Director
Registered Company No. 05291685
DOBIES CUMBRIA MOTORS LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
Turnover policy
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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Plant and machinery33-
Fixtures and fittings33-
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
2.Average number of employees

20242023
Average number of employees during the year2218
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Total

££££
Cost or valuation
At 01 November 231,012,639217,0472,1631,231,849
Additions-14,115-14,115
Transfers(3,248)--(3,248)
At 31 October 241,009,391231,1622,1631,242,716
Depreciation and impairment
At 01 November 2359,451113,3271,165173,943
Charge for year20,253-12920,382
Other adjustments(3,248)--(3,248)
At 31 October 2476,456113,3271,294191,077
Net book value
At 31 October 24932,935117,8358691,051,639
At 31 October 23953,188103,7209981,057,906
4.Stocks

2024

2023

££
Other stocks1,013,533799,526
Total1,013,533799,526
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables314,552688,312
Prepayments and accrued income6,8774,264
Total321,429692,576
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,637,0351,455,627
Bank borrowings and overdrafts101,996735,027
Taxation and social security81,46367,427
Accrued liabilities and deferred income116,27727,562
Total1,936,7712,285,643
7.Related party transactions
Transaction with related parties During the year the company entered into the following transactions with related parties: Entities with control, joint control or significant influence over the company - Sales £132,280 (2023: £85,615), Purchases £125,076 (2023: £73,356) Amounts due to related parties Entities with control, joint control or significant influence over the company - £969,944 (2023: £971,031) Amounts due from related parties Entities with control, joint control or significant influence over the company - £ - (2023: £19,754)