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REGISTERED NUMBER: 08470310 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE DOG GROOMING TRAINING ACADEMY
LIMITED

THE DOG GROOMING TRAINING ACADEMY
LIMITED (REGISTERED NUMBER: 08470310)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE DOG GROOMING TRAINING ACADEMY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D M Pulford
E M Lall





REGISTERED OFFICE: Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 08470310 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

THE DOG GROOMING TRAINING ACADEMY
LIMITED (REGISTERED NUMBER: 08470310)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,141 3,363

CURRENT ASSETS
Stocks 2,721 -
Debtors 6 14,405 37,790
Cash at bank and in hand 45,984 54,741
63,110 92,531
CREDITORS
Amounts falling due within one year 7 48,492 58,604
NET CURRENT ASSETS 14,618 33,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,759

37,290

CREDITORS
Amounts falling due after more than one year 8 (17,026 ) (20,353 )

PROVISIONS FOR LIABILITIES 9 (479 ) (639 )
NET ASSETS 254 16,298

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 154 16,198
SHAREHOLDERS' FUNDS 254 16,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 DOG GROOMING TRAINING ACADEMY
LIMITED (REGISTERED NUMBER: 08470310)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:




D M Pulford - Director



E M Lall - Director


THE DOG GROOMING TRAINING ACADEMY
LIMITED (REGISTERED NUMBER: 08470310)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

The Dog Grooming Training Academy 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

After making enquires, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on 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.

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.

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.

THE DOG GROOMING TRAINING ACADEMY
LIMITED (REGISTERED NUMBER: 08470310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued

Business bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% per annum.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 April 2023 8,644 2,191 548 11,383
Additions 617 - 141 758
At 31 March 2024 9,261 2,191 689 12,141
Depreciation
At 1 April 2023 6,515 1,192 313 8,020
Charge for year 639 250 91 980
At 31 March 2024 7,154 1,442 404 9,000
Net book value
At 31 March 2024 2,107 749 285 3,141
At 31 March 2023 2,129 999 235 3,363

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,405 37,790

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,388 3,388
Trade creditors 461 392
Corporation tax 6,966 11,897
Social security and other taxes 1,329 329
VAT 9,355 16,625
Other creditors 262 879
Director's loan account 1,886 2,629
Accruals and deferred income 24,845 22,465
48,492 58,604

The bank loan is due for repayment in more than one year from the balance sheet date, being charged at 0% interest in year one and 2.5% per annum thereafter.

The loan is 100% guaranteed by the government in line with the COVID scheme rules.

THE DOG GROOMING TRAINING ACADEMY
LIMITED (REGISTERED NUMBER: 08470310)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 17,026 20,353

The bank loan is due for repayment in more than one year from the balance sheet date, being charged at 0% interest in year one and 2.5% per annum thereafter.

The loan is 100% guaranteed by the government in line with the COVID scheme rules.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 479 639

Deferred
tax
£   
Balance at 1 April 2023 639
Capital allowances in excess
of depreciation (160 )
Balance at 31 March 2024 479

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

11. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £1,611 (2023: £487) due to D M Pulford, director. No interest has been charged on this balance during the year (2023: £Nil) and there are no set repayment terms.

Included within creditors is an amount of £275 (2023: £2,145) due to E M Lall, director. No interest has been charged on this balance during the year (2023: £Nil) and there are no set repayment terms.