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REGISTERED NUMBER: SC143561 (Scotland)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

D G FITNESS & LEISURE LIMITED

D G FITNESS & LEISURE LIMITED (REGISTERED NUMBER: SC143561)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6

Chartered Accountants' Report 7

D G FITNESS & LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mr G Ross





REGISTERED OFFICE: Unit 5, Altens Trade Centre
Hareness Circle
Altens Industrial Estate
ABERDEEN
AB12 3LY





REGISTERED NUMBER: SC143561 (Scotland)





ACCOUNTANTS: Bain Henry Reid
Chartered Accountants
4 West Craibstone Street
Bon-Accord Square
ABERDEEN
AB11 6YL

D G FITNESS & LEISURE LIMITED (REGISTERED NUMBER: SC143561)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,676,104 2,304,279
2,676,104 2,304,279

CURRENT ASSETS
Stocks 92,029 41,474
Debtors 6 375,796 300,783
Cash at bank and in hand 266,374 229,300
734,199 571,557
CREDITORS
Amounts falling due within one year 7 669,786 616,223
NET CURRENT ASSETS/(LIABILITIES) 64,413 (44,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,740,517

2,259,613

CREDITORS
Amounts falling due after more than one year 8 (151,969 ) (133,155 )

PROVISIONS FOR LIABILITIES (316,832 ) (206,537 )
NET ASSETS 2,271,716 1,919,921

CAPITAL AND RESERVES
Called up share capital 33,333 33,333
Retained earnings 2,238,383 1,886,588
SHAREHOLDERS' FUNDS 2,271,716 1,919,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 10 October 2023 and were signed by:



Mr G Ross - Director


D G FITNESS & LEISURE LIMITED (REGISTERED NUMBER: SC143561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

D G Fitness & Leisure Limited is a private company, limited by shares , registered in Scotland. 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.

Significant judgements and estimates
Management has considered the consequences of COVID-19 and other events and conditions and has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern. It expects that COVID-19 might have some impact, though not significant, for example, in relation to expected future performance, or the effects on some future asset valuations.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from the sale of goods and hire of equipment.

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 delivery of the goods.

Hire of equipment
Turnover from the hire of equipment is recognised on a straight line basis over the term of the relevant lease.

Goodwill
Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separate net assets. Goodwill is being amortised evenly over its estimated useful life of six years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Equipment, fixtures & fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Hire equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

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.


D G FITNESS & LEISURE LIMITED (REGISTERED NUMBER: SC143561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 24,475
AMORTISATION
At 1 July 2022
and 30 June 2023 24,475
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

D G FITNESS & LEISURE LIMITED (REGISTERED NUMBER: SC143561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 11,113,671
Additions 1,584,785
Disposals (104,015 )
At 30 June 2023 12,594,441
DEPRECIATION
At 1 July 2022 8,809,392
Charge for year 1,135,318
Eliminated on disposal (26,373 )
At 30 June 2023 9,918,337
NET BOOK VALUE
At 30 June 2023 2,676,104
At 30 June 2022 2,304,279

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022 1,485,185
Additions 720,810
Disposals (94,312 )
At 30 June 2023 2,111,683
DEPRECIATION
At 1 July 2022 914,149
Charge for year 956,984
Eliminated on disposal (19,733 )
At 30 June 2023 1,851,400
NET BOOK VALUE
At 30 June 2023 260,283
At 30 June 2022 571,036

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 282,068 296,073
Other debtors 93,728 4,710
375,796 300,783

D G FITNESS & LEISURE LIMITED (REGISTERED NUMBER: SC143561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 337,436 303,957
Trade creditors 134,146 215,452
Taxation 116,898 36,994
Social security and other taxes 12,152 5,769
VAT 60,383 46,146
Directors' loan accounts 36 15
Accruals 8,735 7,890
669,786 616,223

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 151,969 133,155

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 489,405 437,112

Net obligations under hire purchase contracts are secured on the assets acquired.

10. OTHER FINANCIAL COMMITMENTS

Operating Leases
The company had total commitments due within one year under non-cancellable operating lease agreements totalling £28,937 (2022: £28,897).

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
D G FITNESS & LEISURE LIMITED


The following reproduces the text of the report prepared for the director 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 Director 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 D G Fitness & Leisure Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of D G Fitness & Leisure Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D G Fitness & Leisure Limited and state those matters that we have agreed to state to the director of D G Fitness & Leisure Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that D G Fitness & Leisure 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 profit of D G Fitness & Leisure Limited. You consider that D G Fitness & Leisure 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 D G Fitness & Leisure 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.






Bain Henry Reid
Chartered Accountants
4 West Craibstone Street
Bon-Accord Square
ABERDEEN
AB11 6YL


10 October 2023