Dk Tuning South Midlands Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11903365

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		13,197		14,901

			13,197		14,901
CURRENT ASSETS
Stocks	6	21,380		32,226
Debtors	7	72,597		15,246
Cash at bank and in hand		24,248		31,183

		118,225		78,655
Creditors: Amounts Falling Due Within One Year	8	(17,868 )		(17,065 )

NET CURRENT ASSETS (LIABILITIES)			100,357		61,590

TOTAL ASSETS LESS CURRENT LIABILITIES			113,554		76,491

Creditors: Amounts Falling Due After More Than One Year	9		(25,912 )		(4,000 )

NET ASSETS			87,642		72,491

CAPITAL AND RESERVES
Called up share capital	10		200		200
Profit and Loss Account			87,442		72,291

SHAREHOLDERS' FUNDS			87,642		72,491

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Dk Tuning South Midlands Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 Matthew Hill

Director

26th August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Dk Tuning South Midlands Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11903365 . The registered office is Unit 3 Sandy Lane Industrial Estate, Stourport-On-Severn, DY13 9QB.

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 - Other Intangible

Other intangible assets include franchise fees. It is amortised to profit and loss account over its estimated economic life of 5 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:

Plant & Machinery	20% reducing balance
Motor Vehicles	20% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	3 year 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 1)

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Dk Tuning South Midlands Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2025	1,500

As at 31 March 2026	1,500

Amortisation
As at 1 April 2025	1,500

As at 31 March 2026	1,500

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	31,985	4,667	2,315	4,565	43,532
Additions	2,257	-	393	-	2,650
Disposals	(2,958 )	-	-	(917 )	(3,875 )

As at 31 March 2026	31,284	4,667	2,708	3,648	42,307

Depreciation
As at 1 April 2025	20,313	2,837	1,523	3,958	28,631
Provided during the period	2,631	366	237	345	3,579
Disposals	(2,183 )	-	-	(917 )	(3,100 )

As at 31 March 2026	20,761	3,203	1,760	3,386	29,110

Net Book Value
As at 31 March 2026	10,523	1,464	948	262	13,197

As at 1 April 2025	11,672	1,830	792	607	14,901

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025
	£	£
Plant & Machinery	4,812	6,791
Fixtures & Fittings	369	461

	5,181	7,252

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Dk Tuning South Midlands Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Stocks

	2026	2025
	£	£
Stock	21,380	32,226

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	2,639	1,480
Prepayments and accrued income	1,198	-
Other debtors	27,014	-
Other loans recoverable due within one year	1,439	-
Amounts owed by group undertakings	29,909	10,856
Amounts owed by other participating interests	-	750

	62,199	13,086
Due after more than one year
Other debtors	2,160	2,160
Other loans recoverable due after one year	8,238	-

	10,398	2,160

	72,597	15,246

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	2,058	1,100
Bank loans and overdrafts	10,311	6,618
Other taxes and social security	20	-
VAT	5,142	3,133
Net wages	193	957
Director's loan account	144	5,257

	17,868	17,065

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	25,912	4,000

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	200	200

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