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REGISTERED NUMBER: 10768590 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DWSC TRADING LTD

DWSC TRADING LTD (REGISTERED NUMBER: 10768590)

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


DWSC TRADING LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: D J Rowe
P Huett





REGISTERED OFFICE: Draycote Water Sailing Club
Kites Hardwick
Rugby
Warwickshire
CV23 8AB





REGISTERED NUMBER: 10768590 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

DWSC TRADING LTD (REGISTERED NUMBER: 10768590)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,422 40,339

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 18,081 38,562
Cash at bank and in hand 111,900 100,794
130,981 140,356
CREDITORS
Amounts falling due within one year 6 343,234 344,725
NET CURRENT LIABILITIES (212,253 ) (204,369 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(180,831

)

(164,030

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (180,832 ) (164,031 )
SHAREHOLDERS' FUNDS (180,831 ) (164,030 )

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 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 24 June 2024 and were signed on its behalf by:




D J Rowe - Director


DWSC TRADING LTD (REGISTERED NUMBER: 10768590)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

DWSC Trading Ltd 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Sailing equipment - 25% on cost

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.

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.

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.

DWSC TRADING LTD (REGISTERED NUMBER: 10768590)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Sailing and
equipment fittings Totals
£    £    £   
COST
At 1 April 2023 92,711 17,414 110,125
Additions 6,957 - 6,957
At 31 March 2024 99,668 17,414 117,082
DEPRECIATION
At 1 April 2023 68,045 1,741 69,786
Charge for year 14,133 1,741 15,874
At 31 March 2024 82,178 3,482 85,660
NET BOOK VALUE
At 31 March 2024 17,490 13,932 31,422
At 31 March 2023 24,666 15,673 40,339

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,081 35,132
Other debtors - 3,430
18,081 38,562

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,657 2,727
Amounts owed to group undertakings 313,128 314,010
Taxation and social security 2,419 2,509
Other creditors 17,030 25,479
343,234 344,725

DWSC TRADING LTD (REGISTERED NUMBER: 10768590)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


7. RELATED PARTY DISCLOSURES

The company is a wholly owed subsidiary of Draycote Water Sailing Club Limited, a company registered in England and Wales. During the year recharges were made between the companies and balances outstanding at the year end were as follows:

2024 2023
£ £

Intercompany loan in amounts owed to group undertakings 313,128 314,010
Trade creditors 2,521 2,727
Trade debtors 13,454 23,925

8. CONTROLLING PARTY

The controlling party is the directors.

The ultimate controlling party is Draycote Water Sailing Club Limited.