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REGISTERED NUMBER: 12283075 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Direct Auto Electrics Limited

Direct Auto Electrics Limited (Registered number: 12283075)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Direct Auto Electrics Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: I Hutchinson
R Watkins





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 12283075 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Direct Auto Electrics Limited (Registered number: 12283075)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 27,698 35,183

CURRENT ASSETS
Stocks 38,000 25,000
Debtors 5 93,420 87,500
Cash at bank and in hand 68,417 55,918
199,837 168,418
CREDITORS
Amounts falling due within one year 6 103,612 110,799
NET CURRENT ASSETS 96,225 57,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,923

92,802

PROVISIONS FOR LIABILITIES 7 5,263 6,685
NET ASSETS 118,660 86,117

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 118,658 86,115
SHAREHOLDERS' FUNDS 118,660 86,117

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:





I Hutchinson - Director


Direct Auto Electrics Limited (Registered number: 12283075)

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


1. STATUTORY INFORMATION

Direct Auto Electrics Limited is a private company, limited by shares , registered in England and Wales. 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Direct Auto Electrics Limited (Registered number: 12283075)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 1,700 985 37,837 921 41,443
Additions 1,685 - 14,000 1,693 17,378
Disposals - - (20,070 ) - (20,070 )
At 31 October 2024 3,385 985 31,767 2,614 38,751
DEPRECIATION
At 1 November 2023 476 276 5,099 409 6,260
Charge for year 582 177 9,235 735 10,729
Eliminated on disposal - - (5,936 ) - (5,936 )
At 31 October 2024 1,058 453 8,398 1,144 11,053
NET BOOK VALUE
At 31 October 2024 2,327 532 23,369 1,470 27,698
At 31 October 2023 1,224 709 32,738 512 35,183

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 93,418 87,500
Directors' loan accounts 2 -
93,420 87,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 85,598 73,072
Tax 12,565 9,063
Social security and other taxes 963 748
VAT 4,486 2,918
Directors' loan accounts - 24,998
103,612 110,799

7. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 5,263 6,685

Deferred
tax
£   
Balance at 1 November 2023 6,685
Deferred Tax (1,422 )
Balance at 31 October 2024 5,263

Direct Auto Electrics Limited (Registered number: 12283075)

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


8. RELATED PARTY DISCLOSURES

The company is controlled by the company director.