Dart Motors Limited 31/05/2025 iXBRL

Company registration number: 08019325

Dart Motors Limited

Trading as Dart Motors Limited

Unaudited filleted financial statements

31 May 2025

Dart Motors Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Dart Motors Limited

Directors and other information


	Directors	Mr Richard Alan Endean
		Mr David Stanley Endean


	Company number	08019325


	Registered office	Broadmarsh Park
		Wills Road
		Totnes
		Devon
		TQ9 5XN


	Business address	Broadmarsh Park
		Wills Road
		Totnes
		Devon
		TQ9 5XN

Dart Motors Limited

Statement of financial position

31 May 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	17,500		20,000
Tangible assets	6	6,550		7,474
		_______		_______
			24,050		27,474

Current assets
Stocks		2,500		2,500
Debtors	7	12,186		11,320
Cash at bank and in hand		28,403		22,372
		_______		_______
		43,089		36,192
Creditors: amounts falling due
within one year	8	( 48,728)		( 46,656)
		_______		_______
Net current liabilities			( 5,639)		( 10,464)
			_______		_______
Total assets less current liabilities			18,411		17,010


Provisions for liabilities			( 788)		( 954)

			_______		_______
Net assets			17,623		16,056
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			17,523		15,956
			_______		_______
Shareholders funds			17,623		16,056
			_______		_______

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have 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 Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 October 2025 , and are signed on behalf of the board by:

Mr Richard Alan Endean Mr David Stanley Endean

Director Director

Company registration number: 08019325

Dart Motors Limited

Statement of changes in equity

Year ended 31 May 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 June 2023	100	20,389	20,489

Profit for the year		28,067	28,067
	_______	_______	_______
Total comprehensive income for the year	-	28,067	28,067

Dividends paid and payable		( 32,500)	( 32,500)
	_______	_______	_______
Total investments by and distributions to owners	-	( 32,500)	( 32,500)

	_______	_______	_______
At 31 May 2024 and 1 June 2024	100	15,956	16,056

Profit for the year		35,567	35,567
	_______	_______	_______
Total comprehensive income for the year	-	35,567	35,567

Dividends paid and payable		( 34,000)	( 34,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 34,000)	( 34,000)

	_______	_______	_______
At 31 May 2025	100	17,523	17,623
	_______	_______	_______

Dart Motors Limited

Notes to the financial statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Dart Motors Limited, Broadmarsh Park, Wills Road, Totnes, Devon, TQ9 5XN.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	20 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	15 %	reducing balance
Fittings fixtures and equipment	-	15 %	reducing balance
Motor vehicles	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 June 2024 and 31 May 2025	50,000	50,000
	_______	_______
Amortisation
At 1 June 2024	30,000	30,000
Charge for the year	2,500	2,500
	_______	_______
At 31 May 2025	32,500	32,500
	_______	_______
Carrying amount
At 31 May 2025	17,500	17,500
	_______	_______
At 31 May 2024	20,000	20,000
	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 June 2024	20,603	2,900	23,503
Additions	500	-	500
Disposals	-	( 1,200)	( 1,200)
	_______	_______	_______
At 31 May 2025	21,103	1,700	22,803
	_______	_______	_______
Depreciation
At 1 June 2024	14,515	1,514	16,029
Charge for the year	988	238	1,226
Disposals	-	( 1,002)	( 1,002)
	_______	_______	_______
At 31 May 2025	15,503	750	16,253
	_______	_______	_______
Carrying amount
At 31 May 2025	5,600	950	6,550
	_______	_______	_______
At 31 May 2024	6,088	1,386	7,474
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	11,936	11,320
Other debtors	250	-
	_______	_______
	12,186	11,320
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	11,116	9,131
Accruals and deferred income	3,042	4,758
Corporation tax	8,983	7,273
Social security and other taxes	8,883	9,438
Director loan accounts	16,704	16,056
	_______	_______
	48,728	46,656
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Richard Alan Endean	( 8,028)	( 324)	( 8,352)
	Mr David Stanley Endean	( 8,028)	( 324)	( 8,352)
		_______	_______	_______
		( 16,056)	( 648)	( 16,704)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Richard Alan Endean	( 7,421)	( 607)	( 8,028)
	Mr David Stanley Endean	( 7,421)	( 607)	( 8,028)
		_______	_______	_______
		( 14,842)	( 1,214)	( 16,056)
		_______	_______	_______