Registered number
04601808
DIBC 2002 Limited
Filleted Accounts
31 May 2024
DIBC 2002 Limited
Registered number: 04601808
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 2 26,071 17,902
Current assets
Stocks 2,199 1,832
Debtors 3 4,049 4,124
Cash at bank and in hand 218,803 229,099
225,051 235,055
Creditors: amounts falling due within one year 4 (10,748) (13,596)
Net current assets 214,303 221,459
Net assets 240,374 239,361
Capital and reserves
Other reserve 210,000 210,000
Profit and loss account 30,374 29,361
Shareholder's funds 240,374 239,361
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
J Elwood
Director
Approved by the board on 19 August 2024
DIBC 2002 Limited
Notes to the Accounts
for the year ended 31 May 2024
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 represents subscriptions and fees paid by members
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over 50 years
Plant and machinery over 7 years
Fixtures, fittings, tools and equipment over 7 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price),
less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
1 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
2 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 561,678 203,868 765,546
Additions - 18,398 18,398
At 31 May 2024 561,678 222,266 783,944
Depreciation
At 1 June 2023 548,902 198,742 747,644
Charge for the year 7,950 2,279 10,229
At 31 May 2024 556,852 201,021 757,873
Net book value
At 31 May 2024 4,826 21,245 26,071
At 31 May 2023 12,776 5,126 17,902
3 Debtors 2024 2023
£ £
Other debtors 4,049 4,124
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 10,748 13,596
5 Other reserve 2024 2023
£ £
At 1 June 2023 210,000 210,000
At 31 May 2024 210,000 210,000
6 Company Limited by Guarantee
The liability of the members is limited to the extent that each member on the winding up or dissolution of the Company undertakes to contribute such amount as may be required to meet these but not exceeding £1. This liability will be enforceable on all members including former members who resigned within a year of such an event taking place.

Furthermore on the winding up or dissolution of the Company, if the assets exceed its liabilities, no distribution of this excess will be made to the members, but such surplus will be donated to similar undertakings which have the same or identical objectives.
7 Other information
DIBC 2002 Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
Donyngs Indoor Bowls Club
Linkfield Lane
Redhill
Surrey
RH1 1DP
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