Registered number
14458335
Dance Balance Limited
Filleted Accounts
30 November 2023
Dance Balance Limited
Registered number: 14458335
Balance Sheet
as at 30 November 2023
Notes 2023
£
Fixed assets
Intangible assets 3 18,000
Tangible assets 4 3,525
21,525
Current assets
Cash at bank and in hand 23,702
Creditors: amounts falling due within one year 5 (8,283)
Net current assets 15,419
Total assets less current liabilities 36,944
Creditors: amounts falling due after more than one year 6 (23,047)
Net assets 13,897
Capital and reserves
Called up share capital 100
Profit and loss account 13,797
Shareholders' funds 13,897
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms R J Pears
Director
Approved by the board on 31 January 2024
Dance Balance Limited
Notes to the Accounts
for the period from 2 November 2022 to 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Computer equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023
Number
Average number of persons employed by the company 2
3 Intangible fixed assets £
Goodwill:
Cost
Additions 20,000
At 30 November 2023 20,000
Amortisation
Provided during the period 2,000
At 30 November 2023 2,000
Net book value
At 30 November 2023 18,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery Computer equipment Total
£ £ £
Cost
Additions 3,009 1,399 4,408
At 30 November 2023 3,009 1,399 4,408
Depreciation
Charge for the period 604 279 883
At 30 November 2023 604 279 883
Net book value
At 30 November 2023 2,405 1,120 3,525
5 Creditors: amounts falling due within one year 2023
£
Taxation and social security costs 4,285
Other creditors 3,998
8,283
6 Creditors: amounts falling due after one year 2023
£
Directors loan account 23,047
7 Controlling party
The company is controlled by M Forster and Ms R J Pears.
8 Other information
Dance Balance Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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