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REGISTERED NUMBER: SC526005 (Scotland)















Unaudited Financial Statements For The Year Ended 28th February 2023

for

DUNMHOR SPORTING LTD

DUNMHOR SPORTING LTD (REGISTERED NUMBER: SC526005)






Contents of the Financial Statements
For The Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DUNMHOR SPORTING LTD

Company Information
For The Year Ended 28th February 2023












Registered office: Ardselma
The Crescent
Kingussie
Inverness - shire
PH21 1JZ





Registered number: SC526005 (Scotland)





Accountants: Goldwells
15-17 High Street
Kingussie
Inverness-Shire
PH21 1HS

DUNMHOR SPORTING LTD (REGISTERED NUMBER: SC526005)

Balance Sheet
28th February 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 432,892 388,133
432,892 388,133

Current assets
Debtors 6 257,567 28,613
Cash at bank and in hand 258,772 458,461
516,339 487,074
Creditors
Amounts falling due within one year 7 486,974 443,003
Net current assets 29,365 44,071
Total assets less current liabilities 462,257 432,204

Creditors
Amounts falling due after more than one
year

8

(47,503

)

(65,110

)

Provisions for liabilities 10 (15,336 ) (10,963 )
Net assets 399,418 356,131

Capital and reserves
Called up share capital 1 1
Other reserves 108,886 108,886
Retained earnings 290,531 247,244
399,418 356,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

DUNMHOR SPORTING LTD (REGISTERED NUMBER: SC526005)

Balance Sheet - continued
28th February 2023


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 10th November 2023 and were signed by:





G Christie - Director


DUNMHOR SPORTING LTD (REGISTERED NUMBER: SC526005)

Notes to the Financial Statements
For The Year Ended 28th February 2023

1. Statutory information

Dunmhor Sporting Ltd 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.

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

Goodwill
Goodwill has been fully depreciated.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Heritable property - 2% on cost
Improvements to Property - 5% on cost
Equipment - 25% on reducing balance
Furniture fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 5 ) .

DUNMHOR SPORTING LTD (REGISTERED NUMBER: SC526005)

Notes to the Financial Statements - continued
For The Year Ended 28th February 2023

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st March 2022
and 28th February 2023 11,000
Amortisation
At 1st March 2022
and 28th February 2023 11,000
Net book value
At 28th February 2023 -
At 28th February 2022 -

5. Tangible fixed assets
Improvements
Heritable to
property Property Equipment
£    £    £   
Cost
At 1st March 2022 290,000 74,699 64,296
Additions - - 41,898
Disposals - - -
At 28th February 2023 290,000 74,699 106,194
Depreciation
At 1st March 2022 23,200 14,795 37,792
Charge for year 5,800 3,735 17,100
Eliminated on disposal - - -
At 28th February 2023 29,000 18,530 54,892
Net book value
At 28th February 2023 261,000 56,169 51,302
At 28th February 2022 266,800 59,904 26,504

DUNMHOR SPORTING LTD (REGISTERED NUMBER: SC526005)

Notes to the Financial Statements - continued
For The Year Ended 28th February 2023

5. Tangible fixed assets - continued

Furniture
fixtures Motor Computer
& fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1st March 2022 17,832 64,227 3,538 514,592
Additions 1,896 47,883 - 91,677
Disposals - (468 ) - (468 )
At 28th February 2023 19,728 111,642 3,538 605,801
Depreciation
At 1st March 2022 7,609 39,866 3,197 126,459
Charge for year 1,818 18,041 341 46,835
Eliminated on disposal - (385 ) - (385 )
At 28th February 2023 9,427 57,522 3,538 172,909
Net book value
At 28th February 2023 10,301 54,120 - 432,892
At 28th February 2022 10,223 24,361 341 388,133

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 256,275 25,951
VAT - 1,688
Prepayments 1,292 974
257,567 28,613

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Other loans (see note 9) 12,260 209,760
Hire purchase contracts - 883
Trade creditors 33,724 11,716
Tax 2,340 26,103
Social security and other taxes 652 1,618
VAT 34,885 -
Director's current account 58,370 58,998
Accrued income 310,668 114,847
Accrued expenses 34,075 19,078
486,974 443,003

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans (see note 9) 47,503 65,110

DUNMHOR SPORTING LTD (REGISTERED NUMBER: SC526005)

Notes to the Financial Statements - continued
For The Year Ended 28th February 2023

8. Creditors: amounts falling due after more than one year - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,825 16,070

9. Loans

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,260 209,760

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,260 12,260

Amounts falling due between two and five years:
Bank loans - 2-5 years 23,418 36,780

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,825 16,070

10. Provisions for liabilities
2023 2022
£    £   
Deferred tax 15,336 10,963

Deferred
tax
£   
Balance at 1st March 2022 10,963
Provided during year 4,373
Balance at 28th February 2023 15,336