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
DAP Cars Limited
Company Information
for the year ended 30 September 2024
Directors
D Pilkington
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
DAP Cars Limited
Statement of financial position
as at 30 September 2024
Inventories
839,668
1,872,938
Cash at bank and in hand
33,892
10,793
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)
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
DAP Cars Limited
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
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.
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.
DAP Cars Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings
At 30 September 2024
53,978
At 30 September 2024
53,978
Amounts falling due within one year
Amounts due from group undertakings etc.
82,776
82,776
Accrued income and prepayments
1,372
-
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
Loans from directors
19,983
4,631
7
Creditors: amounts falling due after more than one year
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
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).