Dc Gymnastics Limited - Accounts to registrar (filleted) - small 23.2.5

DC GYMNASTICS LIMITED - Company Information

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REGISTERED NUMBER: 09783754 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

DC GYMNASTICS LIMITED

Page

Company Information

Chartered Accountants' Report

Balance Sheet

Notes to the Financial Statements

DIRECTORS:

N Couch

Ms E Stevenson

REGISTERED OFFICE:

Unit 4c

East Ord Industrial Estate

Tweedmouth

Berwick upon Tweed

Northumberland

TD15 2XF

REGISTERED NUMBER:

09783754 (England and Wales)

ACCOUNTANTS:

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

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 Gymnastics Limited for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dc Gymnastics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dc Gymnastics Limited and state those matters that we have agreed to state to the Board of Directors of Dc Gymnastics Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dc Gymnastics Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dc Gymnastics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Dc Gymnastics Limited. You consider that Dc Gymnastics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dc Gymnastics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

21 March 2024

FIXED ASSETS

Tangible assets

37,280

49,149

CURRENT ASSETS

Stocks

250

Debtors

19,258

24,031

Cash at bank

779

19,517

25,060

CREDITORS

Amounts falling due within one year

15,533

9,884

NET CURRENT ASSETS

3,984

15,176

TOTAL ASSETS LESS CURRENT
LIABILITIES

41,264

64,325

CREDITORS

Amounts falling due after more than one year

39,276

44,343

NET ASSETS

1,988

19,982

RESERVES

Income and expenditure account

1,988

19,982

1,988

19,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2024 and were signed on its behalf by:

N Couch - Director

1.	STATUTORY INFORMATION

Dc Gymnastics Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

15% on reducing balance and 10% on cost

Fixtures and fittings

15% on cost, 15% on reducing balance and 10% on cost

Computer equipment

33% on reducing balance and 15% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

COST

At 1 August 2022

79,837

28,903

12,051

120,791

Additions

1,614

392

2,006

At 31 July 2023

81,451

29,295

12,051

122,797

DEPRECIATION

At 1 August 2022

51,532

13,036

7,074

71,642

Charge for year

8,060

3,659

2,156

13,875

At 31 July 2023

59,592

16,695

9,230

85,517

NET BOOK VALUE

At 31 July 2023

21,859

12,600

2,821

37,280

At 31 July 2022

28,305

15,867

4,977

49,149

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/23

31/7/22

Trade debtors

7,760

6,478

Other debtors

11,498

17,553

19,258

24,031

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/23

31/7/22

Bank loans and overdrafts

9,505

5,067

Trade creditors

3,803

2,741

Taxation and social security

365

118

Other creditors

1,860

1,958

15,533

9,884

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/7/23

31/7/22

Bank loans

10,915

15,982

Other creditors

28,361

39,276

44,343