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REGISTERED NUMBER: SC404474 (Scotland)















Financial Statements for the Period 1 August 2022 to 31 August 2023

for

The Dance Studio (Forfar) Ltd.

The Dance Studio (Forfar) Ltd. (Registered number: SC404474)






Contents of the Financial Statements
for the Period 1 August 2022 to 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountant 5

The Dance Studio (Forfar) Ltd.

Company Information
for the Period 1 August 2022 to 31 August 2023







DIRECTORS: C N Leuchars
W Leuchars





REGISTERED OFFICE: 2 Suttieside Road
Forfar
Angus
DD8 3EL





REGISTERED NUMBER: SC404474 (Scotland)





ACCOUNTANT: Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA

The Dance Studio (Forfar) Ltd. (Registered number: SC404474)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 917

CURRENT ASSETS
Cash at bank and in hand - 1,051

CREDITORS
Amounts falling due within one year 5 479 1,109
NET CURRENT LIABILITIES (479 ) (58 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(479

)

859

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (481 ) 857
SHAREHOLDERS' FUNDS (479 ) 859

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

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 15 April 2024 and were signed on its behalf by:




W Leuchars - Director


The Dance Studio (Forfar) Ltd. (Registered number: SC404474)

Notes to the Financial Statements
for the Period 1 August 2022 to 31 August 2023

1. STATUTORY INFORMATION

The Dance Studio (Forfar) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 4 years
Fixtures and fittings - Straight line over 4 years
Computer equipment - Straight line over 4 years

Taxation
Taxation for the period 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 period 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 period was 2 (2022 - NIL ) .

The Dance Studio (Forfar) Ltd. (Registered number: SC404474)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 4,185 334 585 5,104
Disposals (4,185 ) (334 ) (585 ) (5,104 )
At 31 August 2023 - - - -
DEPRECIATION
At 1 August 2022 3,408 195 584 4,187
Charge for period 327 76 - 403
Eliminated on disposal (3,735 ) (271 ) (584 ) (4,590 )
At 31 August 2023 - - - -
NET BOOK VALUE
At 31 August 2023 - - - -
At 31 July 2022 777 139 1 917

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13 -
Trade creditors - 34
Taxation and social security - (1,236 )
Other creditors 466 2,311
479 1,109

6. RELATED PARTY DISCLOSURES

The company is under the control of C N Leuchars and W Leuchars who own 100% of the share capital.

Included in Other Creditors is a balance of £466 (2022 - £1,311) in respect of balances payable to the directors. During the year, £845 (2022 - £116) was repaid to the directors. No interest is payable on the balance payable to the directors.

No dividends were paid during the year.

The Dance Studio (Forfar) Ltd.

Report of the Accountant to the Directors of
The Dance Studio (Forfar) Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 August 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA


15 April 2024