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REGISTERED NUMBER: 04570730 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

DANSON ANGLING LIMITED

DANSON ANGLING LIMITED (REGISTERED NUMBER: 04570730)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DANSON ANGLING LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2024







DIRECTOR: M Barnett





SECRETARY: M Barnett





REGISTERED OFFICE: 19 Montpelier Avenue
Bexley
Kent
DA5 3AP





REGISTERED NUMBER: 04570730 (England and Wales)





ACCOUNTANTS: Robsons Accountants
19 Montpelier Avenue
Bexley
Kent
DA5 3AP

DANSON ANGLING LIMITED (REGISTERED NUMBER: 04570730)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 25,000
Tangible assets 5 5,781 7,754
5,781 32,754

CURRENT ASSETS
Stocks 176,250 262,498
Debtors 6 550 7,221
Cash at bank and in hand 361,126 338,660
537,926 608,379
CREDITORS
Amounts falling due within one year 7 (239,422 ) (134,481 )
NET CURRENT ASSETS 298,504 473,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,285

506,652

CREDITORS
Amounts falling due after more than one
year

8

(14,000

)

(284,000

)
NET ASSETS 290,285 222,652

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 290,185 222,552
SHAREHOLDERS' FUNDS 290,285 222,652

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DANSON ANGLING LIMITED (REGISTERED NUMBER: 04570730)

BALANCE SHEET - continued
31 May 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 12 February 2025 and were signed by:





M Barnett - Director


DANSON ANGLING LIMITED (REGISTERED NUMBER: 04570730)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Danson Angling 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. 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.

Changes in accounting policies
Following a business review in 2009 of the amortisation of the goodwill acquired in 2004, the estimated useful life has been increased from 10 to 20 years.

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, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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.


DANSON ANGLING LIMITED (REGISTERED NUMBER: 04570730)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 500,000
AMORTISATION
At 1 June 2023 475,000
Amortisation for year 25,000
At 31 May 2024 500,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 25,000

DANSON ANGLING LIMITED (REGISTERED NUMBER: 04570730)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 26,103 20,881 26,876 3,785 77,645
DEPRECIATION
At 1 June 2023 26,103 20,053 20,498 3,237 69,891
Charge for year - 207 1,595 171 1,973
At 31 May 2024 26,103 20,260 22,093 3,408 71,864
NET BOOK VALUE
At 31 May 2024 - 621 4,783 377 5,781
At 31 May 2023 - 828 6,378 548 7,754

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 550 7,221

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 56,410 85,052
Tax 29,007 20,652
Social security and other taxes 717 726
Pension 171 155
VAT 27,202 23,441
Other creditors 2,400 -
Directors' current accounts 116,840 545
Accrued expenses 6,675 3,910
239,422 134,481

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors loan > 1year 14,000 284,000