DC Car Sales Ltd 31/08/2025 iXBRL

Company registration number: NI638382

DC Car Sales Ltd

Unaudited filleted financial statements

31 August 2025

DC Car Sales Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

DC Car Sales Ltd

Directors and other information


	Director	David Clifford


	Company number	NI638382


	Registered office	The Mill
		8 Ballougry Road
		Derry
		Northern Ireland
		BT48 9XJ


	Accountants	McCambridge Duffy & Co
		101 Spencer Road
		Derry
		Northern Ireland
		BT47 6AE




	Bankers	Ulster Bank
		Belfast City Office 1
		PO Box 232
		11-16 Donegall Sq East
		Belfast
		BT1 5UB

DC Car Sales Ltd

Report to the director on the preparation of the

unaudited statutory financial statements of DC Car Sales Ltd

Year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DC Car Sales Ltd for the year ended 31 August 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

Our work has been undertaken in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie.

McCambridge Duffy & Co

Chartered Accountants & Registered Auditors

101 Spencer Road

Derry

Northern Ireland

BT47 6AE

20 May 2026

DC Car Sales Ltd

Statement of financial position

31 August 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	11,155		15,102
		_______		_______
			11,155		15,102

Current assets
Stocks		570,975		498,353
Debtors	6	22,161		4,294
Cash at bank and in hand		23,869		34,112
		_______		_______
		617,005		536,759
Creditors: amounts falling due
within one year	7	( 578,404)		( 489,623)
		_______		_______
Net current assets			38,601		47,136
			_______		_______
Total assets less current liabilities			49,756		62,238

Creditors: amounts falling due
after more than one year	8		( 36,151)		( 62,165)
			_______		_______
Net assets			13,605		73
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			13,505		( 27)
			_______		_______
Shareholder funds			13,605		73
			_______		_______

For the year ending 31 August 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 year in question in accordance with section 476;

- The director acknowledges 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 20 May 2026 , and are signed on behalf of the board by:

David Clifford

Director

Company registration number: NI638382

DC Car Sales Ltd

Statement of changes in equity

Year ended 31 August 2025

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


At 1 September 2023	100	( 22,556)	( 22,456)

Profit for the year		29,029	29,029
	_______	_______	_______
Total comprehensive income for the year	-	29,029	29,029

Dividends paid and payable		( 6,500)	( 6,500)
	_______	_______	_______
Total investments by and distributions to owners	-	( 6,500)	( 6,500)

	_______	_______	_______
At 31 August 2024 and 1 September 2024	100	( 27)	73

Profit for the year		93,532	93,532
	_______	_______	_______
Total comprehensive income for the year	-	93,532	93,532

Dividends paid and payable		( 80,000)	( 80,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 80,000)	( 80,000)

	_______	_______	_______
At 31 August 2025	100	13,505	13,605
	_______	_______	_______

DC Car Sales Ltd

Notes to the financial statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is The Mill, 8 Ballougry Road, Derry, Northern Ireland, BT48 9XJ.

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.

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:


Freehold property	-	10 %	straight line
Plant and machinery	-	15 %	straight line
Fittings fixtures and equipment	-	25 %	straight line
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.

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.

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 2 (2024: 1 ).

5. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 September 2024	9,545	18,753	13,823	6,150	48,271
	_______	_______	_______	_______	_______
Depreciation
At 1 September 2024	1,910	13,805	13,823	3,631	33,169
Charge for the year	955	2,488	-	504	3,947
	_______	_______	_______	_______	_______
At 31 August 2025	2,865	16,293	13,823	4,135	37,116
	_______	_______	_______	_______	_______
Carrying amount
At 31 August 2025	6,680	2,460	-	2,015	11,155
	_______	_______	_______	_______	_______
At 31 August 2024	7,635	4,948	-	2,519	15,102
	_______	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Other debtors	22,161	4,294
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	289,673	327,918
Trade creditors	139,804	111,881
Corporation tax	50,082	17,589
Other creditors	98,845	32,235
	_______	_______
	578,404	489,623
	_______	_______

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

	2025	2024
	£	£
Other creditors	36,151	62,165
	_______	_______

9. Directors advances, credits and guarantees

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

2025
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	David Clifford	( 18,081)	( 62,610)	( 80,691)
		_______	_______	_______

2024
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	David Clifford	( 12,940)	( 5,141)	( 18,081)
		_______	_______	_______

The company had no guarantees for the year ended 31 August 2025.