D E CARS LIMITED

D E CARS LIMITED

D E CARS LIMITED - Company Information

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D E CARS LIMITED

Company Registration Number:
05117166 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2019

Period of accounts

Start date: 01 July 2018

End date: 30 June 2019

D E CARS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2019

Balance sheet
Notes

D E CARS LIMITED

Balance sheet

As at 30 June 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 44 58
Total fixed assets: 44 58
Current assets
Stocks: 60,842 71,799
Debtors:   597 7,095
Cash at bank and in hand: 33,873 18,726
Total current assets: 95,312 97,620
Creditors: amounts falling due within one year:   (76,781) (74,488)
Net current assets (liabilities): 18,531 23,132
Total assets less current liabilities: 18,575 23,190
Provision for liabilities: (6) (8)
Total net assets (liabilities): 18,569 23,182
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 18,568 23,181
Shareholders funds: 18,569 23,182

The notes form part of these financial statements

D E CARS LIMITED

Balance sheet statements

For the year ending 30 June 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 March 2020
and signed on behalf of the board by:

Name: DJ Everest
Status: Director

The notes form part of these financial statements

D E CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant and Equipment - 25% reducing balance basis

Valuation and information policy

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies

TaxationTaxation represents the sum of tax currently payable and 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 accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.Debtors and Creditors Receivable/Payable Within One YearDebtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

D E CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

2. Employees

2019 2018
Average number of employees during the period 0 1

D E CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2019

3. Tangible Assets

Total
Cost £
At 01 July 2018 936
Additions 0
At 30 June 2019 936
Depreciation
At 01 July 2018 878
Charge for year 14
At 30 June 2019 892
Net book value
At 30 June 2019 44
At 30 June 2018 58