D. N. Automotive Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04111559 (England and Wales)

D. N. Automotive Limited

Unaudited Financial Statements

for the Year Ended 31st December 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

D J Neagle

SECRETARY:

C Durrant

REGISTERED OFFICE:

310 Wellingborough Road

Northampton

Northamptonshire

NN1 4EP

BUSINESS ADDRESS:

4 Langlands Place

Rugby

Warwickshire

CV23 0JG

REGISTERED NUMBER:

04111559 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

CURRENT ASSETS

Debtors

6

18,100

15,770

Cash at bank

11,225

15,670

29,325

31,440

CREDITORS

Amounts falling due within one year

7

17,644

17,941

NET CURRENT ASSETS

11,681

13,499

TOTAL ASSETS LESS CURRENT LIABILITIES

11,681

13,499

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

11,680

13,498

SHAREHOLDERS' FUNDS

11,681

13,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27th April 2018 and were signed by:

D J Neagle - Director

1.	STATUTORY INFORMATION

D. N. Automotive Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The principle activity of the company was that of project management in the automotive industry.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements for the year ended 31st December 2017 comply with the provisions of Section 1A

"Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland".

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and

rebates and including value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st January 2017

and 31st December 2017

2,027

6,708

8,735

DEPRECIATION

At 1st January 2017

and 31st December 2017

2,027

6,708

8,735

NET BOOK VALUE

At 31st December 2017

-

-

-

At 31st December 2016

-

-

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

5,449

6,430

Other debtors

12,651

9,340

18,100

15,770

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

1

Taxation and social security

15,603

15,901

Other creditors

2,041

2,039

17,644

17,941

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary

£1

1

1

9.	CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st December 2017 or 31st December 2016.

10.	CAPITAL COMMITMENTS

There were no capital commitments as at 31st December 2017 or 31st December 2016.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2017 and

31st December 2016:

2017

2016

£

£

D J Neagle

Balance outstanding at start of year

9,341

9,823

Amounts advanced

12,651

9,341

Amounts repaid

(9,341

)

(9,823

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,651

9,341

This advance is interest free and has no fixed repayment terms, but was repaid on the 6th April 2018.