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REGISTERED NUMBER: 05395971 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

DART SYSTEMS LIMITED

DART SYSTEMS LIMITED (REGISTERED NUMBER: 05395971)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DART SYSTEMS LIMITED

Company Information
for the year ended 31 December 2023







DIRECTORS: S J Arkell
P White





REGISTERED OFFICE: Environment House
First Avenue
Westfield Industrial Estate
Radstock
Somerset
BA3 4BS





REGISTERED NUMBER: 05395971 (England and Wales)





AUDITORS: Richardson Swift Audit Ltd
Chartered Accountants
Statutory Auditor
11 Laura Place
Bath
BA2 4BL

DART SYSTEMS LIMITED (REGISTERED NUMBER: 05395971)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 155,024 150,777

CURRENT ASSETS
Stocks 643,541 527,930
Debtors 5 248,897 97,311
Cash at bank and in hand 49,769 174,649
942,207 799,890
CREDITORS
Amounts falling due within one year 6 1,040,276 780,155
NET CURRENT (LIABILITIES)/ASSETS (98,069 ) 19,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,955

170,512

CREDITORS
Amounts falling due after more than one
year

7

37,839

21,423
NET ASSETS 19,116 149,089

CAPITAL AND RESERVES
Called up share capital 11 101 101
Retained earnings 19,015 148,988
SHAREHOLDERS' FUNDS 19,116 149,089

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 5 March 2024 and were signed on its behalf by:





S J Arkell - Director


DART SYSTEMS LIMITED (REGISTERED NUMBER: 05395971)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Dart Systems 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.

The balance sheet at 31 December 2023 shows that the company had net current liabilities. The financial statements have been prepared on the going concern basis, on the understanding that the parent company will continue to financially support the company.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the revenue can be reliably measured. Revenue is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- The Company has transferred the significant risks and rewards of ownership to the buyer;
- The Company retains neither continuing managerial involvement to the degree usually
associated with ownership nor effective control over the goods sold;
- The amount of revenue can be measured reliably;
- It is probable that the Company will receive the consideration due under the transaction; and
- The costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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.


DART SYSTEMS LIMITED (REGISTERED NUMBER: 05395971)

Notes to the Financial Statements - continued
for the year ended 31 December 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 12 ) .

DART SYSTEMS LIMITED (REGISTERED NUMBER: 05395971)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 56,537 21,786 85,979 112,254 276,556
Additions 960 2,499 86,447 4,846 94,752
Disposals - - (54,233 ) - (54,233 )
At 31 December 2023 57,497 24,285 118,193 117,100 317,075
DEPRECIATION
At 1 January 2023 49,663 14,439 18,027 43,650 125,779
Charge for year 3,547 2,659 19,868 15,824 41,898
Eliminated on disposal - - (5,626 ) - (5,626 )
At 31 December 2023 53,210 17,098 32,269 59,474 162,051
NET BOOK VALUE
At 31 December 2023 4,287 7,187 85,924 57,626 155,024
At 31 December 2022 6,874 7,347 67,952 68,604 150,777

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 191,414 68,001
Other debtors 57,483 29,310
248,897 97,311

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 11,463 4,047
Trade creditors 413,239 384,623
Amounts owed to group undertakings 551,410 333,297
Taxation and social security 51,123 41,274
Other creditors 13,041 16,914
1,040,276 780,155

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 1 -
Hire purchase contracts (see note 8) 37,838 21,423
37,839 21,423

8. LEASING AGREEMENTS

At the year end, the company had total outstanding lease commitments of £408,773 (2022: £447,129).

DART SYSTEMS LIMITED (REGISTERED NUMBER: 05395971)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

9. SECURED DEBTS

The hire purchase liabilities are secured on the assets to which they relate.

The bank loan is guaranteed by the UK Government under the Coronavirus Large Business Interruption Loan Scheme.

10. DEFERRED TAX
£   
Balance at 1 January 2023 (20,488 )
Accelerated capital allowances 1,128
Provision for losses (33,006 )
Balance at 31 December 2023 (52,366 )

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
1 Ordinary C £1 1 1
101 101

Each A, B and C shares are ranked pari passu.

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Catherine Edwards BSc FCA (Senior Statutory Auditor)
for and on behalf of Richardson Swift Audit Ltd

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14. PARENT COMPANY

The ultimate parent company is Rausch International Group GmbH, a company incorporated in Germany. The results of Dart Systems Limited are included in the consolidated financial statements of the group headed by Rausch International Group GmbH. These financial statements are available upon request from Rausch International Group GmbH, Bruehlmoosweg 40, 88138 Weissensberg.

15. CRITICAL ACCOUNTING ESTIMATES AND UNCERTAINTIES

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.