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REGISTERED NUMBER: 13360870 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

TOMMY'S DARTS LIMITED

TOMMY'S DARTS LIMITED (REGISTERED NUMBER: 13360870)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TOMMY'S DARTS LIMITED

Company Information
for the Year Ended 31 March 2024







Directors: A B Webb
C Heenighan





Registered office: Harewood House
Union Road
Bolton
Lancashire
BL2 2HE





Registered number: 13360870 (England and Wales)





Auditors: Haines Watts
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

TOMMY'S DARTS LIMITED (REGISTERED NUMBER: 13360870)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 7,496 9,504
Tangible assets 6 844 1,427
8,340 10,931

Current assets
Stocks 39,984 190,143
Debtors 7 246,762 138,655
Cash at bank 21,596 46,698
308,342 375,496
Creditors
Amounts falling due within one year 8 378,147 381,388
Net current liabilities (69,805 ) (5,892 )
Total assets less current liabilities (61,465 ) 5,039

Provisions for liabilities 211 357
Net (liabilities)/assets (61,676 ) 4,682

Capital and reserves
Called up share capital 10 10
Retained earnings (61,686 ) 4,672
(61,676 ) 4,682

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





C Heenighan - Director


TOMMY'S DARTS LIMITED (REGISTERED NUMBER: 13360870)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

Tommy's Darts 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company incurred a loss in the period ended 31 March 2024 and had net liabilities as at that date.

The company is dependent on the support of a related party and this company has confirmed that it will continue to support the entity.

As a result, the directors consider that the company will be able to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements and that they should, therefore, be prepared on a going concern basis.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions on stock. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any critical judgements in applying the company's accounting policies. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will by definition, seldom equal the actual results.

i) Stock provision
The stock provision is calculated based on the aged of the stock and the expected selling price required for the goods to sell. The stock provision for the year is £63,746 (2023: £79,916).

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of darts and related products. Turnover is shown net of sales / value added tax , returns and discounts. The entity recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the group's activities. Turnover is recognised upon dispatch of the goods.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Plant and machinery - 20% straight line and 15% 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.

TOMMY'S DARTS LIMITED (REGISTERED NUMBER: 13360870)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. Accounting policies - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. Employees and directors

The average number of employees during the year was NIL (2023 - 1 ).

5. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 April 2023
and 31 March 2024 10,709
Amortisation
At 1 April 2023 1,205
Charge for year 2,008
At 31 March 2024 3,213
Net book value
At 31 March 2024 7,496
At 31 March 2023 9,504

TOMMY'S DARTS LIMITED (REGISTERED NUMBER: 13360870)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023
and 31 March 2024 1,427
Depreciation
Charge for year 583
At 31 March 2024 583
Net book value
At 31 March 2024 844
At 31 March 2023 1,427

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by group undertakings 246,731 138,360
Other debtors 31 295
246,762 138,655

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 1,551 4,125
Amounts owed to group undertakings 364,544 365,640
Taxation and social security 4,616 7,623
Other creditors 7,436 4,000
378,147 381,388

9. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Antony Sassen FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts

10. Pension commitments

The defined contribution expense for the year was £nil (2023: £694).

11. 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.

TOMMY'S DARTS LIMITED (REGISTERED NUMBER: 13360870)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


12. Ultimate controlling party

The ultimate parent undertaking is Key Capital Partners LLP. The smallest group to consolidate these financial statements is Darts Corner Holdings Limited. Consolidated financial statements can be obtained from Harewood House, Union Road, Bolton, England, BL2 2H.