Silverfin false false 31/01/2025 01/02/2024 31/01/2025 Mr D Peters 03/11/2014 24 April 2025 The principal activity of the company is that of the buying and selling of second hand vehicles 09293136 2025-01-31 09293136 bus:Director1 2025-01-31 09293136 2024-01-31 09293136 core:CurrentFinancialInstruments 2025-01-31 09293136 core:CurrentFinancialInstruments 2024-01-31 09293136 core:Non-currentFinancialInstruments 2025-01-31 09293136 core:Non-currentFinancialInstruments 2024-01-31 09293136 core:ShareCapital 2025-01-31 09293136 core:ShareCapital 2024-01-31 09293136 core:RetainedEarningsAccumulatedLosses 2025-01-31 09293136 core:RetainedEarningsAccumulatedLosses 2024-01-31 09293136 core:OtherPropertyPlantEquipment 2024-01-31 09293136 core:OtherPropertyPlantEquipment 2025-01-31 09293136 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2025-01-31 09293136 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2024-01-31 09293136 bus:OrdinaryShareClass1 2025-01-31 09293136 bus:OrdinaryShareClass2 2025-01-31 09293136 2024-02-01 2025-01-31 09293136 bus:FilletedAccounts 2024-02-01 2025-01-31 09293136 bus:SmallEntities 2024-02-01 2025-01-31 09293136 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 09293136 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09293136 bus:Director1 2024-02-01 2025-01-31 09293136 core:OtherPropertyPlantEquipment 2024-02-01 2025-01-31 09293136 2023-02-01 2024-01-31 09293136 core:OtherPropertyPlantEquipment 1 2024-02-01 2025-01-31 09293136 1 2024-02-01 2025-01-31 09293136 core:Non-currentFinancialInstruments 2024-02-01 2025-01-31 09293136 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 09293136 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 09293136 bus:OrdinaryShareClass2 2024-02-01 2025-01-31 09293136 bus:OrdinaryShareClass2 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09293136 (England and Wales)

DP TRUCKS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH THE REGISTRAR

DP TRUCKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025

Contents

DP TRUCKS LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
DP TRUCKS LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
DIRECTOR Mr D Peters
REGISTERED OFFICE 14 Mannin Way
Lancaster Business Park
Lancaster
United Kingdom
COMPANY NUMBER 09293136 (England and Wales)
ACCOUNTANT MHA
14 Mannin Way
Lancaster Business Park
Lancaster
Lancashire
LA1 3SW
DP TRUCKS LIMITED

BALANCE SHEET

AS AT 31 JANUARY 2025
DP TRUCKS LIMITED

BALANCE SHEET (continued)

AS AT 31 JANUARY 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 19,120 38,239
19,120 38,239
Current assets
Stocks 4 120,000 120,000
Debtors 5 398,040 422,449
Cash at bank and in hand 6 36,893 50,817
554,933 593,266
Creditors: amounts falling due within one year 7 ( 78,552) ( 73,832)
Net current assets 476,381 519,434
Total assets less current liabilities 495,501 557,673
Creditors: amounts falling due after more than one year 8 ( 5,482) ( 14,971)
Provision for liabilities ( 4,778) ( 9,560)
Net assets 485,241 533,142
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 485,141 533,042
Total shareholder's funds 485,241 533,142

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of DP Trucks Limited (registered number: 09293136) were approved and authorised for issue by the Director on 24 April 2025. They were signed on its behalf by:

Mr D Peters
Director
DP TRUCKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
DP TRUCKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

DP Trucks Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Mannin Way, Lancaster Business Park, Lancaster, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2024 115,893 115,893
At 31 January 2025 115,893 115,893
Accumulated depreciation
At 01 February 2024 77,654 77,654
Charge for the financial year 9,559 9,559
Rounding 1 1
At 31 January 2025 96,773 96,773
Net book value
At 31 January 2025 19,120 19,120
At 31 January 2024 38,239 38,239

4. Stocks

2025 2024
£ £
Finished goods 120,000 120,000

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

5. Debtors

2025 2024
£ £
Trade debtors 12,297 17,927
Amounts owed by connected companies 369,956 402,756
Other debtors 15,787 1,766
398,040 422,449

6. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 36,893 50,817

7. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 10,000 10,000
Trade creditors 12,432 19,066
Taxation and social security 15,347 26,343
Other creditors 40,773 18,423
78,552 73,832

8. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 5,482 14,971

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
90 'A' Ordinary Shares shares of £ 1.00 each 90 90
10 'B' Ordinary Shares shares of £ 1.00 each 10 10
100 100