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REGISTERED NUMBER: 09463671
















Unaudited Financial Statements for the Year Ended 31 July 2024

for

D H Price Motors Ltd

D H Price Motors Ltd (Registered number: 09463671)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


D H Price Motors Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr D Price





REGISTERED OFFICE: Unit 5c, Spithead Business Centre
Sandown
Isle of Wight
PO36 9PH





REGISTERED NUMBER: 09463671





ACCOUNTANTS: Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
D H Price Motors Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D H Price Motors Ltd for the year ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of D H Price Motors Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D H Price Motors Ltd and state those matters that we have agreed to state to the director of D H Price Motors Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that D H Price Motors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D H Price Motors Ltd. You consider that D H Price Motors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D H Price Motors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB


Date: .............................................

D H Price Motors Ltd (Registered number: 09463671)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 378,160 281,919

CURRENT ASSETS
Debtors 5 229,114 301,235
Cash at bank and in hand 90,327 51,750
319,441 352,985
CREDITORS
Amounts falling due within one year 6 345,535 433,711
NET CURRENT LIABILITIES (26,094 ) (80,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

352,066

201,193

CREDITORS
Amounts falling due after more than one
year

7

145,922

75,904
NET ASSETS 206,144 125,289

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 206,132 125,277
206,144 125,289

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

D H Price Motors Ltd (Registered number: 09463671)

Balance Sheet - continued
31 July 2024


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 6 March 2025 and were signed by:





Mr D Price - Director


D H Price Motors Ltd (Registered number: 09463671)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

D H Price Motors Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.

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
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 August 2023 149,708 19,093 396,453 565,254
Additions 9,552 3,692 150,970 164,214
At 31 July 2024 159,260 22,785 547,423 729,468
DEPRECIATION
At 1 August 2023 58,055 12,749 212,531 283,335
Charge for year 25,102 2,112 40,759 67,973
At 31 July 2024 83,157 14,861 253,290 351,308
NET BOOK VALUE
At 31 July 2024 76,103 7,924 294,133 378,160
At 31 July 2023 91,653 6,344 183,922 281,919

D H Price Motors Ltd (Registered number: 09463671)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 88,560 109,919
Amounts owed by group undertakings 132,129 185,283
Prepayments and accrued income 8,425 6,033
229,114 301,235

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 34 1,487
Other loans 10,289 10,035
Hire purchase contracts 61,359 38,894
Trade creditors 162,234 239,923
Tax 27,972 30,955
Social security and other taxes 21,495 21,667
VAT 34,116 41,534
Other creditors 20,000 19,932
Pension 3,187 -
Directors' current accounts 4,849 29,284
345,535 433,711

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Other loans - 1-2 years 8,773 19,062
Hire purchase contracts 137,149 56,842
145,922 75,904