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REGISTERED NUMBER: 09757717 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

ON THE BEAT DANCE LIMITED

ON THE BEAT DANCE LIMITED (REGISTERED NUMBER: 09757717)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ON THE BEAT DANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTORS: Mrs J J Porter
C Porter





REGISTERED OFFICE: 10 Churchill Way
Lomeshaye Industrial Estate
Nelson
Lancashire
BB9 6RT





REGISTERED NUMBER: 09757717 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

ON THE BEAT DANCE LIMITED (REGISTERED NUMBER: 09757717)

BALANCE SHEET
31ST MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,673 2,830

CURRENT ASSETS
Stocks 500 550
Debtors 5 4,713 4,669
Cash at bank 26,321 12,167
31,534 17,386
CREDITORS
Amounts falling due within one year 6 28,928 10,097
NET CURRENT ASSETS 2,606 7,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,279

10,119

PROVISIONS FOR LIABILITIES 709 538
NET ASSETS 5,570 9,581

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 5,560 9,571
SHAREHOLDERS' FUNDS 5,570 9,581

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 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.

ON THE BEAT DANCE LIMITED (REGISTERED NUMBER: 09757717)

BALANCE SHEET - continued
31ST MAY 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 Board of Directors and authorised for issue on 10th November 2023 and were signed on its behalf by:





Mrs J J Porter - Director


ON THE BEAT DANCE LIMITED (REGISTERED NUMBER: 09757717)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023


1. STATUTORY INFORMATION

On The Beat Dance 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.

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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

ON THE BEAT DANCE LIMITED (REGISTERED NUMBER: 09757717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st June 2022 1,498 4,052 5,550
Additions 449 1,569 2,018
At 31st May 2023 1,947 5,621 7,568
DEPRECIATION
At 1st June 2022 324 2,396 2,720
Charge for year 188 987 1,175
At 31st May 2023 512 3,383 3,895
NET BOOK VALUE
At 31st May 2023 1,435 2,238 3,673
At 31st May 2022 1,174 1,656 2,830

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 75 -
Other debtors 4,638 4,669
4,713 4,669

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 21,458 8,900
Other creditors 7,470 1,197
28,928 10,097

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2023 and 31st May 2022:

31.5.23 31.5.22
£    £   
Mrs J J Porter
Balance outstanding at start of year (2 ) (341 )
Amounts advanced 59,140 46,339
Amounts repaid (56,700 ) (46,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,438 (2 )

ON THE BEAT DANCE LIMITED (REGISTERED NUMBER: 09757717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Director's loans are unsecured, interest free and repayable on demand.