DNA Leisure Ltd
Registered number: 08267307
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 80,784 41,899
80,784 41,899
Current assets
Stocks 343,432 207,850
Debtors 4 381,828 326,785
Cash at bank and in hand 261,832 157,150
987,092 691,785
Creditors: amounts falling due within one year 5 (707,907) (321,171)
Net current assets 279,185 370,614
Total assets less current liabilities 359,969 412,513
Creditors: amounts falling due after more than one year 6 (9,362) -
Provisions for liabilities (15,349) -
Net assets 335,258 412,513
Capital and reserves
Called up share capital 100 100
Profit and loss account 335,158 412,413
Shareholder's funds 335,258 412,513
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Eliaz
Director
Approved by the board on 25 October 2023
DNA Leisure Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles over 3 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving stock. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Related party transactions
The company is a wholly owned subsidiary of DNA Leisure Holdings Limited. The company has therefore taken advantage of the exemption in Financial Reporting Standard 102 (as applied to small entities by Section 1A of the standard) from the requirements to disclose transactions with the parent company.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 10
3 Tangible fixed assets
Fixtures, Fittings & Equipment Motor vehicles Total
£ £ £
Cost
At 1 February 2022 92,998 - 92,998
Additions 18,655 45,033 63,688
At 31 January 2023 111,653 45,033 156,686
Depreciation
At 1 February 2022 51,099 - 51,099
Charge for the year 12,377 12,426 24,803
At 31 January 2023 63,476 12,426 75,902
Net book value
At 31 January 2023 48,177 32,607 80,784
At 31 January 2022 41,899 - 41,899
4 Debtors 2023 2022
£ £
Trade debtors 134,074 326,785
Other debtors 247,754 -
381,828 326,785
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 195,750 -
Obligations under finance lease and hire purchase contracts 8,033 -
Trade creditors 184,431 73,413
Amounts owed to parent undertaking 178,943 218,628
Taxation and social security costs 96,937 23,017
Other creditors 43,813 6,113
707,907 321,171
The bank loan incurs interest at base rate plus 8.99% and expires in July 2023.
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 9,362 -
9,362 -
7 Controlling party
The company's immediate parent undertaking is DNA Leisure Holdings Limited which controls 100% of the issued shares and was incorporated in England and Wales. The ultimate controlling party is A Eliaz, by virtue of his 100% shareholding in DNA Leisure Holdings Limited.
8 Other information
DNA Leisure Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Park Place
Newdigate Road
Harefield
Middlesex
UB9 6EJ
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