Company registration number 04620367 (England and Wales)
DEEPDALE MOTOR COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
DEEPDALE MOTOR COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
DEEPDALE MOTOR COMPANY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
6,799
11,954
Current assets
Stocks
168,800
247,127
Debtors
6
217,920
221,747
Cash at bank and in hand
234,682
126,204
621,402
595,078
Creditors: amounts falling due within one year
7
(380,272)
(359,691)
Net current assets
241,130
235,387
Total assets less current liabilities
247,929
247,341
Provisions for liabilities
(1,700)
(2,988)
Net assets
246,229
244,353
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
246,129
244,253
Total equity
246,229
244,353

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 September 2025 and are signed on its behalf by:
Mr C J Hall
Director
Company registration number 04620367 (England and Wales)
DEEPDALE MOTOR COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Deepdale Motor Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sir Tom Finney Way, Fulwood, Preston, Lancashire, PR2 8AN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

In assessing the company's ability to continue as a going concern, the Directors have considered the liquidity position and reviewed cash flow forecasts for the foreseeable future. The company has adequate financial resources and therefore, the Directors believe that the company is well placed to manage its business risks successfully and meet its liabilities as they fall due. For this reason, the Directors continue to adopt the going concern concept.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for sales of cars and other s ervices 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.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
15% reducing balance
Computer equipment
33% reducing balance

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.

DEEPDALE MOTOR COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Stocks

Stocks of vehicles are stated at the lower of cost and estimated selling price less costs to complete and sell.

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.

1.8
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

DEEPDALE MOTOR COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There were no significant judgements and key accounting estimates.

DEEPDALE MOTOR COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
8
9
4
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
60,000
Amortisation and impairment
At 1 January 2024 and 31 December 2024
60,000
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
30,458
Additions
1,331
Disposals
(6,700)
At 31 December 2024
25,089
Depreciation and impairment
At 1 January 2024
18,503
Depreciation charged in the year
2,062
Eliminated in respect of disposals
(2,275)
At 31 December 2024
18,290
Carrying amount
At 31 December 2024
6,799
At 31 December 2023
11,954
DEEPDALE MOTOR COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
11,874
15,541
Amounts owed by group undertakings
202,924
202,990
Other debtors
3,122
3,216
217,920
221,747
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
11,465
19,204
Amounts owed to group undertakings
307,051
282,226
Taxation and social security
49,637
46,892
Other creditors
12,119
11,369
380,272
359,691

8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as stated below. This includes a 10 year lease on the property from which the company operates which was agreed in October 2016.

2024
2023
£
£
Within one year
26,000
26,000
Between two and five years
21,666
47,666
47,666
73,666
2024-12-31 2024-01-01 false false false 18 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr C J Hall Miss V L Mason 04620367 2024-01-01 2024-12-31 04620367 2024-12-31 04620367 2023-12-31 04620367 core:OtherPropertyPlantEquipment 2024-12-31 04620367 core:OtherPropertyPlantEquipment 2023-12-31 04620367 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04620367 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04620367 core:ShareCapital 2024-12-31 04620367 core:ShareCapital 2023-12-31 04620367 core:RetainedEarningsAccumulatedLosses 2024-12-31 04620367 core:RetainedEarningsAccumulatedLosses 2023-12-31 04620367 core:ShareCapitalOrdinaryShareClass1 2024-12-31 04620367 core:ShareCapitalOrdinaryShareClass1 2023-12-31 04620367 bus:Director1 2024-01-01 2024-12-31 04620367 core:Goodwill 2024-01-01 2024-12-31 04620367 core:PlantMachinery 2024-01-01 2024-12-31 04620367 core:FurnitureFittings 2024-01-01 2024-12-31 04620367 core:ComputerEquipment 2024-01-01 2024-12-31 04620367 2023-01-01 2023-12-31 04620367 core:NetGoodwill 2023-12-31 04620367 core:NetGoodwill 2024-12-31 04620367 core:NetGoodwill 2023-12-31 04620367 core:OtherPropertyPlantEquipment 2023-12-31 04620367 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 04620367 core:CurrentFinancialInstruments 2024-12-31 04620367 core:CurrentFinancialInstruments 2023-12-31 04620367 core:WithinOneYear 2024-12-31 04620367 core:WithinOneYear 2023-12-31 04620367 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 04620367 bus:OrdinaryShareClass1 2024-12-31 04620367 bus:OrdinaryShareClass1 2023-12-31 04620367 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04620367 bus:FRS102 2024-01-01 2024-12-31 04620367 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04620367 bus:Director2 2024-01-01 2024-12-31 04620367 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04620367 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP