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REGISTERED NUMBER: 05908950 (England and Wales)















D M C VEHICLE SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






D M C VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 05908950)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


D M C VEHICLE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTOR: David Weston





REGISTERED OFFICE: The Garages
R/O Tydfil Place
Roath
Cardiff
Cardiff
CF23 5HP





REGISTERED NUMBER: 05908950 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

D M C VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 05908950)

STATEMENT OF FINANCIAL POSITION
31ST AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 9,000
Tangible assets 5 33 44
6,033 9,044

CURRENT ASSETS
Stocks 300 300
Cash at bank 551 306
851 606
CREDITORS
Amounts falling due within one year 6 163,687 164,869
NET CURRENT LIABILITIES (162,836 ) (164,263 )
TOTAL ASSETS LESS CURRENT LIABILITIES (156,803 ) (155,219 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (156,903 ) (155,319 )
SHAREHOLDERS' FUNDS (156,803 ) (155,219 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th April 2025 and were signed by:





David Weston - Director


D M C VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 05908950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

D M C Vehicle Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is amortised on a straight line basis over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

D M C VEHICLE SERVICES LIMITED (REGISTERED NUMBER: 05908950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2023
and 31st August 2024 60,000
AMORTISATION
At 1st September 2023 51,000
Amortisation for year 3,000
At 31st August 2024 54,000
NET BOOK VALUE
At 31st August 2024 6,000
At 31st August 2023 9,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery Equipment Totals
£    £    £   
COST
At 1st September 2023
and 31st August 2024 1,565 995 2,560
DEPRECIATION
At 1st September 2023 1,537 979 2,516
Charge for year - 11 11
At 31st August 2024 1,537 990 2,527
NET BOOK VALUE
At 31st August 2024 28 5 33
At 31st August 2023 28 16 44

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,530 7,180
Trade creditors 200 200
Other creditors 158,957 157,489
163,687 164,869

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100