Company No: 10210701 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	254		276
Tangible assets	4	51,699		49,401
		51,953		49,677
Current assets
Stocks		13,952		26,884
Debtors	5	285,099		5,393
Cash at bank and in hand		51,952		122,193
		351,003		154,470
Creditors: amounts falling due within one year	6	( 84,719)		( 61,854)
Net current assets		266,284		92,616
Total assets less current liabilities		318,237		142,293
Creditors: amounts falling due after more than one year	7	( 143,420)		( 3,333)
Provision for liabilities		( 11,434)		( 10,343)
Net assets		163,383		128,617
Capital and reserves
Called-up share capital	8	117		117
Other reserves		14,983		14,983
Profit and loss account		148,283		113,517
Total shareholder's funds		163,383		128,617

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

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of DP Autoworks Limited (registered number: 10210701) were approved and authorised for issue by the Director on 29 April 2026. They were signed on its behalf by:

Mr D Pugsley Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

DP Autoworks Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 Brunel Way, Minehead, TA24 5BY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

20 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, reducing balance basis over its expected useful life, as follows:

Leasehold improvements	5 years straight line
Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance
Office equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	3		5

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 August 2024	430		430
At 31 July 2025	430		430
Accumulated amortisation
At 01 August 2024	154		154
Charge for the financial year	22		22
At 31 July 2025	176		176
Net book value
At 31 July 2025	254		254
At 31 July 2024	276		276

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 August 2024	20,365		68,417		22,875		9,494		121,151
Additions	2,743		5,521		6,400		1,123		15,787
At 31 July 2025	23,108		73,938		29,275		10,617		136,938
Accumulated depreciation
At 01 August 2024	18,599		34,448		14,085		4,618		71,750
Charge for the financial year	1,343		7,908		3,038		1,200		13,489
At 31 July 2025	19,942		42,356		17,123		5,818		85,239
Net book value
At 31 July 2025	3,166		31,582		12,152		4,799		51,699
At 31 July 2024	1,766		33,969		8,790		4,876		49,401

5. Debtors

	2025		2024
	£		£
Trade debtors	8,816		2,794
Amounts owed by Parent undertakings	272,353		0
Amounts owed by director	1,628		441
Prepayments	2,302		2,158
	285,099		5,393

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	3,372		4,000
Trade creditors	22,911		22,280
Other loans	26,505		0
Accruals	3,582		3,400
Corporation tax	18,379		21,688
Other taxation and social security	9,367		9,765
Other creditors	603		721
	84,719		61,854

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		3,333
Other loans	143,420		0
	143,420		3,333

The loan under creditors falling due after more than one year and under creditors due within one year is with Funding Circle Ltd and carries an interest rate of 11.8%, fixed for the term of the loan.

A personal guarantee has been given by the director Mr D Pugsley.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
117 Ordinary shares of £ 1.00 each	117		117

9. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	84,000		100,000

10. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Director	1,628		441

Advances

During the year ended 31 July 2025, the director was advanced £16,679. Repayments of £15,492 were made during the year. The loan was interest free and repayable on demand.

11. Ultimate controlling party

Parent Company:

DPA Holdings Limited

7 Brunel Way Minehead Somerset TA24 5BY