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REGISTERED NUMBER: SC526005 (Scotland)















Unaudited Financial Statements For The Year Ended 29th February 2024

for

DUNMHOR SPORTING LTD

DUNMHOR SPORTING LTD (REGISTERED NUMBER: SC526005)






Contents of the Financial Statements
For The Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DUNMHOR SPORTING LTD

Company Information
For The Year Ended 29th February 2024







Director: Ms A Gemmell





Registered office: Ardselma
The Crescent
Kingussie
Inverness - shire
PH21 1JZ





Registered number: SC526005 (Scotland)





Accountants: Goldwells
15-17 High Street
Kingussie
Inverness-Shire
PH21 1HS

DUNMHOR SPORTING LTD (REGISTERED NUMBER: SC526005)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 432,510 432,892
432,510 432,892

Current assets
Debtors 6 338,446 257,567
Cash at bank and in hand 410,074 258,772
748,520 516,339
Creditors
Amounts falling due within one year 7 581,213 486,974
Net current assets 167,307 29,365
Total assets less current liabilities 599,817 462,257

Creditors
Amounts falling due after more than one
year

8

(38,233

)

(47,503

)

Provisions for liabilities 10 (23,092 ) (15,336 )
Net assets 538,492 399,418

Capital and reserves
Called up share capital 100 1
Other reserves 108,886 108,886
Retained earnings 429,506 290,531
538,492 399,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

DUNMHOR SPORTING LTD (REGISTERED NUMBER: SC526005)

Balance Sheet - continued
29th February 2024


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 director and authorised for issue on 26th November 2024 and were signed by:





Ms A Gemmell - Director


DUNMHOR SPORTING LTD (REGISTERED NUMBER: SC526005)

Notes to the Financial Statements
For The Year Ended 29th February 2024

1. Statutory information

Dunmhor Sporting 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.

Goodwill
Goodwill has been fully depreciated.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Heritable property - 2% on cost
Improvements to Property - 5% on cost
Equipment - 25% on reducing balance
Furniture fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

DUNMHOR SPORTING LTD (REGISTERED NUMBER: SC526005)

Notes to the Financial Statements - continued
For The Year Ended 29th February 2024

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st March 2023
and 29th February 2024 11,000
Amortisation
At 1st March 2023
and 29th February 2024 11,000
Net book value
At 29th February 2024 -
At 28th February 2023 -

5. Tangible fixed assets
Improvements
Heritable to
property Property Equipment
£    £    £   
Cost
At 1st March 2023 290,000 74,699 106,194
Additions - - 24,794
Disposals - - (16,600 )
At 29th February 2024 290,000 74,699 114,388
Depreciation
At 1st March 2023 29,000 18,530 54,892
Charge for year 5,800 3,735 17,273
Eliminated on disposal - - (9,597 )
At 29th February 2024 34,800 22,265 62,568
Net book value
At 29th February 2024 255,200 52,434 51,820
At 28th February 2023 261,000 56,169 51,302

DUNMHOR SPORTING LTD (REGISTERED NUMBER: SC526005)

Notes to the Financial Statements - continued
For The Year Ended 29th February 2024

5. Tangible fixed assets - continued

Furniture
fixtures Motor Computer
& fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1st March 2023 19,728 111,642 3,538 605,801
Additions 924 35,067 - 60,785
Disposals - (8,000 ) - (24,600 )
At 29th February 2024 20,652 138,709 3,538 641,986
Depreciation
At 1st March 2023 9,427 57,522 3,538 172,909
Charge for year 1,684 21,172 - 49,664
Eliminated on disposal - (3,500 ) - (13,097 )
At 29th February 2024 11,111 75,194 3,538 209,476
Net book value
At 29th February 2024 9,541 63,515 - 432,510
At 28th February 2023 10,301 54,120 - 432,892

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 336,094 256,275
Other debtors 1,552 -
Prepayments 800 1,292
338,446 257,567

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Other loans (see note 9) 12,260 12,260
Hire purchase contracts 5,500 -
Trade creditors 39,236 33,724
Tax 44,496 2,340
Social security and other taxes 194 652
VAT 39,643 34,885
Other creditors 56,716 -
Director's current account - 58,370
Accrued income 375,604 310,668
Accrued expenses 7,564 34,075
581,213 486,974

DUNMHOR SPORTING LTD (REGISTERED NUMBER: SC526005)

Notes to the Financial Statements - continued
For The Year Ended 29th February 2024

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans (see note 9) 37,316 47,503
Hire purchase contracts 917 -
38,233 47,503

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,259 11,825

9. Loans

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,260 12,260

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,260 12,260

Amounts falling due between two and five years:
Bank loans - 2-5 years 14,797 23,418

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,259 11,825

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 23,092 15,336

Deferred
tax
£   
Balance at 1st March 2023 15,336
Provided during year 7,756
Balance at 29th February 2024 23,092