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Company Registration No. 07033966 (England and Wales)
DAP Cars Limited Unaudited accounts for the year ended 30 September 2024
DAP Cars Limited Unaudited accounts Contents
Page
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DAP Cars Limited Company Information for the year ended 30 September 2024
Directors
D Pilkington E Pilkington
Secretary
E Pilkington
Company Number
07033966 (England and Wales)
Registered Office
Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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DAP Cars Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
839,668 
1,872,938 
Debtors
193,834 
87,350 
Cash at bank and in hand
33,892 
10,793 
1,067,394 
1,971,081 
Creditors: amounts falling due within one year
(1,378,875)
(2,309,375)
Net current liabilities
(311,481)
(338,294)
Total assets less current liabilities
(311,481)
(338,294)
Creditors: amounts falling due after more than one year
(11,464)
(17,365)
Net liabilities
(322,945)
(355,659)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(323,045)
(355,759)
Shareholders' funds
(322,945)
(355,659)
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by
D Pilkington Director Company Registration No. 07033966
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DAP Cars Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
DAP Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 07033966. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX.
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.
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 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:
Fixtures & fittings
20% per annum on a striaght line basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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 accounts. 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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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DAP Cars Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 October 2023
53,978 
At 30 September 2024
53,978 
Depreciation
At 1 October 2023
53,978 
At 30 September 2024
53,978 
Net book value
At 30 September 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
109,686 
4,574 
Amounts due from group undertakings etc.
82,776 
82,776 
Accrued income and prepayments
1,372 
- 
193,834 
87,350 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,268,443 
2,245,731 
Taxes and social security
89,899 
58,320 
Other creditors
- 
143 
Loans from directors
19,983 
4,631 
Accruals
550 
550 
1,378,875 
2,309,375 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,464 
17,365 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
90 Ordinary shares of £1 each
90 
90 
10 A Ordinary Shares of £1 each
10 
10 
100 
100 
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DAP Cars Limited Notes to the Accounts for the year ended 30 September 2024
9
Transactions with related parties
Mr D Pilkington is a director and shareholder in both DAP Cars Limited and Tradernet Limited DAP Cars Limited made a loan to Tradernet Limited of which £82,776 (2023 £82,776) was outstanding at the balance sheet date The loan is repayable upon demand and is subject to interest at a commercial rate
10
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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