Company registration number 09772774 (England and Wales)
DOGGART & SQUASH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
DOGGART & SQUASH LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
DOGGART & SQUASH LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DOGGART & SQUASH LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Doggart & Squash Limited for the year ended 30 September 2023 which comprise, the 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 at https://www.icaew.com/regulation.

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

It is your duty to ensure that Doggart & Squash 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 Doggart & Squash Limited. You consider that Doggart & Squash 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 Doggart & Squash 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.

Ellacotts LLP
Chartered Accountants
Vantage House
2700 Kettering Parkway
Kettering
Kettering Venture Park
Northamptonshire
NN15 6XR
Date:
30 January 2024
DOGGART & SQUASH LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2023
30 September 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,199
9,660
Current assets
Debtors
5
432,326
575,401
Cash at bank and in hand
262,829
182,406
695,155
757,807
Creditors: amounts falling due within one year
6
(667,277)
(761,929)
Net current assets/(liabilities)
27,878
(4,122)
Total assets less current liabilities
32,077
5,538
Provisions for liabilities
(1,050)
(2,415)
Net assets
31,027
3,123
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
31,025
3,121
Total equity
31,027
3,123

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 29 January 2024 and are signed on its behalf by:
Mrs S Hutchinson
Director
Company registration number 09772774 (England and Wales)
DOGGART & SQUASH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
1
Accounting policies
Company information

Doggart & Squash Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3, Stone Trading Estate, Milkwood Road, London, England, SE24 0JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% Reducing balance
Computers
33% Reducing balance
Motor vehicles
25% Straight line
Kitchen equipment
33% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturaties of three months or less, and bank overdrats. Bank overdrafts are shown within borrowings in current liabilities.
DOGGART & SQUASH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

DOGGART & SQUASH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
8
8
3
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
31,700
-
0
Under/over provision in prior year
(24)
17,123
Total current tax
31,676
17,123
Deferred tax
Origination and reversal of timing differences
(1,365)
2,415
Total tax charge
30,311
19,538
4
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Kitchen equipment
Total
£
£
£
£
£
Cost
At 1 October 2022
703
3,979
24,085
5,336
34,103
Additions
553
1,573
-
0
-
0
2,126
Disposals
-
0
-
0
-
0
(1,460)
(1,460)
At 30 September 2023
1,256
5,552
24,085
3,876
34,769
Depreciation and impairment
At 1 October 2022
422
2,674
19,569
1,778
24,443
Depreciation charged in the year
278
959
4,516
861
6,614
Eliminated in respect of disposals
-
0
-
0
-
0
(487)
(487)
At 30 September 2023
700
3,633
24,085
2,152
30,570
Carrying amount
At 30 September 2023
556
1,919
-
0
1,724
4,199
At 30 September 2022
281
1,305
4,516
3,558
9,660
DOGGART & SQUASH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 6 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
415,746
563,380
Corporation tax recoverable
2,710
2,686
Prepayments and accrued income
4,870
335
423,326
566,401
2023
2022
Amounts falling due after more than one year:
£
£
Other debtors
9,000
9,000
Total debtors
432,326
575,401
6
Creditors: amounts falling due within one year
2023
2022
£
£
Obligations under finance leases
6,168
10,488
Trade creditors
33,966
22,392
Corporation tax
31,700
-
0
Other taxation and social security
121,914
153,839
Other creditors
11,195
7,044
Accruals and deferred income
462,334
568,166
667,277
761,929
Net obligations under finance leases and hire purchase contracts falling within one year amounting to £6,168 (2022 - £10,488) are secured against the assets to which they relate.
7
Commitments under operating leases

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
Within one year
45,638
40,844
Between two and five years
46,010
81,688
91,648
122,532
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