DSG Motors Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14446446

		2024
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		74,569

			74,569
CURRENT ASSETS
Stocks	5	53,408
Cash at bank and in hand		43

		53,451
Creditors: Amounts Falling Due Within One Year	6	(62,811 )

NET CURRENT ASSETS (LIABILITIES)			(9,360 )

TOTAL ASSETS LESS CURRENT LIABILITIES			65,209

Creditors: Amounts Falling Due After More Than One Year	7		(38,416 )

NET ASSETS			26,793

CAPITAL AND RESERVES
Called up share capital	9		1
Profit and Loss Account			26,792

SHAREHOLDERS' FUNDS			26,793

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DSG Motors Ltd

Balance Sheet (continued)

As At 31 October 2024

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

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Gilbery

Director

2nd October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

DSG Motors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14446446 . The registered office is Unit 8 Bowker House, Lee Mill Bridge, Ivybridge, PL21 9EF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	7% Reducing balance
Motor Vehicles	7% Reducing balance
Fixtures & Fittings	7% Reducing balance
Computer Equipment	7% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1

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DSG Motors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2023	1,000	58,224	4,890	-	64,114
Additions	1,506	21,950	1,098	3,055	27,609

As at 31 October 2024	2,506	80,174	5,988	3,055	91,723

Depreciation
As at 1 November 2023	180	10,480	880	-	11,540
Provided during the period	163	4,879	358	214	5,614

As at 31 October 2024	343	15,359	1,238	214	17,154

Net Book Value
As at 31 October 2024	2,163	64,815	4,750	2,841	74,569

As at 1 November 2023	820	47,744	4,010	-	52,574

5. Stocks

	2024
	£
Stock	53,408

6. Creditors: Amounts Falling Due Within One Year

	2024
	£
Net obligations under finance lease and hire purchase contracts	5,362
Other creditors	57,449

	62,811

7. Creditors: Amounts Falling Due After More Than One Year

	2024
	£
Net obligations under finance lease and hire purchase contracts	38,416

8. Obligations Under Finance Leases and Hire Purchase

	2024
	£
The future minimum finance lease payments are as follows:
Not later than one year	5,362
Later than one year and not later than five years	38,416

	43,778

	43,778

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DSG Motors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

9. Share Capital

	2024
	£
Allotted, Called up and fully paid	1

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