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Company Registration No. 13374643 (England and Wales)
DHILLONS PRESTIGE CARS LIMITED Unaudited accounts for the year ended 31 May 2024
DHILLONS PRESTIGE CARS LIMITED Unaudited accounts Contents
Page
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DHILLONS PRESTIGE CARS LIMITED Company Information for the year ended 31 May 2024
Director
Mr Manga Dhillon
Company Number
13374643 (England and Wales)
Registered Office
Unit B Endeavour Park London Road Addington West Malling Kent ME19 5SH ENGLAND
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DHILLONS PRESTIGE CARS LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
330,948 
- 
Current assets
Inventories
1,238,879 
1,230,706 
Debtors
256,635 
176,263 
Cash at bank and in hand
59,778 
4,327 
1,555,292 
1,411,296 
Creditors: amounts falling due within one year
(1,550,801)
(1,253,516)
Net current assets
4,491 
157,780 
Total assets less current liabilities
335,439 
157,780 
Creditors: amounts falling due after more than one year
(393,928)
(168,866)
Net liabilities
(58,489)
(11,086)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(58,490)
(11,087)
Shareholders' funds
(58,489)
(11,086)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 May 2025 and were signed on its behalf by
Mr Manga Dhillon Director Company Registration No. 13374643
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DHILLONS PRESTIGE CARS LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
DHILLONS PRESTIGE CARS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13374643. The registered office is Unit B Endeavour Park, London Road, Addington West Malling, Kent, ME19 5SH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% Reducing Balance
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2023
- 
Additions
343,842 
At 31 May 2024
343,842 
Depreciation
Charge for the year
12,894 
At 31 May 2024
12,894 
Net book value
At 31 May 2024
330,948 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
330,948 
- 
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DHILLONS PRESTIGE CARS LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
36,000 
- 
Amounts due from group undertakings etc.
34,995 
- 
Accrued income and prepayments
110,000 
25,000 
Other debtors
75,640 
151,263 
256,635 
176,263 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
358,839 
6,170 
Trade creditors
812 
6,826 
Amounts owed to group undertakings and other participating interests
1,179,151 
1,228,151 
Taxes and social security
- 
371 
Other creditors
9,999 
9,998 
Accruals
2,000 
2,000 
1,550,801 
1,253,516 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
393,928 
168,866 
8
Controlling party
The company is wholly owned by MDJ Group Ltd which is also incorporated in England and Wales.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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