DSW Motor Factors Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09843789

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,100		2,200
Tangible Assets	5		338,349		372,571

			339,449		374,771
CURRENT ASSETS
Stocks		663,180		775,230
Debtors	6	1,757,761		699,174
Cash at bank and in hand		992,069		1,267,695

		3,413,010		2,742,099
Creditors: Amounts Falling Due Within One Year	7	(898,294 )		(577,177 )

NET CURRENT ASSETS (LIABILITIES)			2,514,716		2,164,922

TOTAL ASSETS LESS CURRENT LIABILITIES			2,854,165		2,539,693

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,918 )		(23,470 )

NET ASSETS			2,836,247		2,516,223

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			2,836,147		2,516,123

SHAREHOLDERS' FUNDS			2,836,247		2,516,223

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DSW Motor Factors Limited

Balance Sheet (continued)

As At 31 March 2025

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 D Smith

Director

16 December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

DSW Motor Factors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09843789 . The registered office is Willow Farm Mansfield Road, Creswell, Worksop, Nottinghamshire, S80 4HT.

The presentation currecy for the accounts is £ sterling.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. 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	2% property 10% improvments straight line
Leasehold	10% straight line
Plant & Machinery	20% straight line
Motor Vehicles	20% reducing balance
Fixtures & Fittings	20% straight line

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.

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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

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DSW Motor Factors Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 12)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	11,000

As at 31 March 2025	11,000

Amortisation
As at 1 April 2024	8,800
Provided during the period	1,100

As at 31 March 2025	9,900

Net Book Value
As at 31 March 2025	1,100

As at 1 April 2024	2,200

5. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 April 2024	293,147	44,136	93,016	155,525
Additions	-	-	-	-
Disposals	-	-	(10,250 )	-

As at 31 March 2025	293,147	44,136	82,766	155,525

Depreciation
As at 1 April 2024	36,520	22,070	81,359	77,879
Provided during the period	7,601	4,414	2,814	15,529
Disposals	-	-	(5,760 )	-

As at 31 March 2025	44,121	26,484	78,413	93,408

Net Book Value
As at 31 March 2025	249,026	17,652	4,353	62,117

As at 1 April 2024	256,627	22,066	11,657	77,646

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DSW Motor Factors Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025


	Fixtures & Fittings	Total
	£	£
Cost
As at 1 April 2024	92,267	678,091
Additions	2,795	2,795
Disposals	-	(10,250 )

As at 31 March 2025	95,062	670,636

Depreciation
As at 1 April 2024	87,692	305,520
Provided during the period	2,169	32,527
Disposals	-	(5,760 )

As at 31 March 2025	89,861	332,287

Net Book Value
As at 31 March 2025	5,201	338,349

As at 1 April 2024	4,575	372,571

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	281,468	313,542
Prepayments and accrued income	12,231	13,292
Other debtors	8,750	78,818
Director's loan account	865,280	56,647

	1,167,729	462,299
Due after more than one year
Other debtors	13,125	21,875
Corporation tax recoverable assets	361,907	-
Directors loan account	215,000	215,000

	590,032	236,875

	1,757,761	699,174

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	370,589	375,848
Corporation tax	419,694	142,265
Other taxes and social security	7,445	7,172
VAT	83,467	46,930
Other creditors	12,019	156
Accruals and deferred income	5,080	4,806

	898,294	577,177

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DSW Motor Factors Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr David Smith	271,647	925,112	116,479	-	1,080,280

£215,000 (2024: £215,000) of the above loan is included in debtors due after one year. The loan has no fixed repayment term and is subject to an annual interest charge of 2.25 percent.

The balance of £865,280 (2024: £56,647) is included within debtors due within one year, the loan is repayable on demand and subject to an annual interest charge of 2.25 percent.

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