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Registered number: 8402298
Antony Dale Cars Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 8402298
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 465,311 470,188
465,311 470,188
CURRENT ASSETS
Stocks 5 703,214 620,446
Debtors 6 90,064 76,044
793,278 696,490
Creditors: Amounts Falling Due Within One Year 7 (1,020,679 ) (807,631 )
NET CURRENT ASSETS (LIABILITIES) (227,401 ) (111,141 )
TOTAL ASSETS LESS CURRENT LIABILITIES 237,910 359,047
Creditors: Amounts Falling Due After More Than One Year 8 (150,910 ) (243,124 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (26,540 ) (26,540 )
NET ASSETS 60,460 89,383
CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 139,684 139,684
Profit and Loss Account (79,225 ) (50,302 )
SHAREHOLDERS' FUNDS 60,460 89,383
Page 1
Page 2
For the year ending 31 March 2025 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 Antony Dale
Director
13th November 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Antony Dale Cars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 8402298 . The registered office is 18 Norwich Common, Wymondham, NR18 0SP.
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. All income is derived from activities within the UK.
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:
Freehold 0%
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the balance sheet.
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.
Page 3
Page 4
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 April 2024 450,000 1,035 37,574 108 488,717
Additions - - - 291 291
Disposals - (65 ) - - (65 )
As at 31 March 2025 450,000 970 37,574 399 488,943
Depreciation
As at 1 April 2024 - 380 18,102 47 18,529
Provided during the period - 147 4,868 88 5,103
As at 31 March 2025 - 527 22,970 135 23,632
...CONTINUED
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Page 5
Net Book Value
As at 31 March 2025 450,000 443 14,604 264 465,311
As at 1 April 2024 450,000 655 19,472 61 470,188
5. Stocks
2025 2024
£ £
Stock 703,214 620,446
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 75,818 71,000
Prepayments and accrued income 1,025 5,044
76,843 76,044
Due after more than one year
Directors loan account 13,221 -
90,064 76,044
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 59,377 15,565
Bank loans and overdrafts 369,539 310,094
Corporation tax (4,100 ) 4,100
VAT 23,173 35,903
Mortgage Account 14,221 11,900
Credit Card Account 462 1,371
Finance Accounts 558,007 428,698
1,020,679 807,631
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 28,096 38,095
Mortgage 122,814 139,356
Directors loan account - 65,673
150,910 243,124
Page 5
Page 6
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
10. Reserves
Revaluation Reserve
£
As at 1 April 2024 139,684
As at 31 March 2025 139,684
Page 6