REGISTERED NUMBER: 04597482 (England and Wales)

DAVE CROSS BODY REPAIRS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

D J Cross

Mrs J Cross

S D Cross

SECRETARY:

Mrs J Cross

REGISTERED OFFICE:

Chestnut Grove

Low Toynton

Horncastle

Lincolnshire

LN9 6JU

REGISTERED NUMBER:

04597482 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Oxley House

Lincoln Way

Louth

Lincolnshire

LN11 0LS

FIXED ASSETS

Tangible assets

4

102,174

101,357

CURRENT ASSETS

Stocks

1,000

8,772

Debtors

5

55,315

33,865

Cash at bank

105,544

71,614

161,859

114,251

CREDITORS

Amounts falling due within one year

6

133,018

130,315

NET CURRENT ASSETS/(LIABILITIES)

28,841

(16,064

)

TOTAL ASSETS LESS CURRENT LIABILITIES

131,015

85,293

CREDITORS

Amounts falling due after more than one year

7

(7,500

)

(13,500

)

PROVISIONS FOR LIABILITIES

(23,939

)

(23,631

)

NET ASSETS

99,576

48,162

CAPITAL AND RESERVES

Called up share capital

8

110

110

Retained earnings

99,466

48,052

SHAREHOLDERS' FUNDS

99,576

48,162

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

D J Cross - Director

1.	STATUTORY INFORMATION

Dave Cross Body Repairs 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery -15% on reducing balance

Motor vehicles -25% on reducing balance

Computer equipment - 25% on cost

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

97,556

42,400

11,737

151,693

Additions

14,906

7,500

-

22,406

Disposals

(4,002

)

-

-

(4,002

)

At 31 December 2024

108,460

49,900

11,737

170,097

DEPRECIATION

At 1 January 2024

32,629

11,969

5,738

50,336

Charge for year

7,752

7,767

2,119

17,638

Eliminated on disposal

(51

)

-

-

(51

)

At 31 December 2024

40,330

19,736

7,857

67,923

NET BOOK VALUE

At 31 December 2024

68,130

30,164

3,880

102,174

At 31 December 2023

64,927

30,431

5,999

101,357

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

55,008

33,572

Other debtors

307

293

55,315

33,865

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,000

6,000

Trade creditors

21,750

44,847

Taxation and social security

64,286

23,470

Other creditors

40,982

55,998

133,018

130,315

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

7,500

13,500

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100

10

Class A Ordinary

1

10

10

110

110

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £68,500 (2023 - £65,500) were paid to the directors,

Remuneration paid to the directors during the year was £27,300 (2023 - £27,300).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D J Cross and Mrs J Cross.