REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 29 June 2024 |
for |
Dragon Kart Club Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 29 June 2024 |
for |
Dragon Kart Club Limited |
Dragon Kart Club Limited (Registered number: 04387186) |
Contents of the Financial Statements |
for the Year Ended 29 June 2024 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Dragon Kart Club Limited |
Company Information |
for the Year Ended 29 June 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
8a Chester Street |
Mold |
Flintshire |
CH7 1EG |
Dragon Kart Club Limited (Registered number: 04387186) |
Abridged Statement of Financial Position |
29 June 2024 |
29.6.24 | 29.6.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
Dragon Kart Club Limited (Registered number: 04387186) |
Abridged Statement of Financial Position - continued |
29 June 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Dragon Kart Club Limited (Registered number: 04387186) |
Notes to the Financial Statements |
for the Year Ended 29 June 2024 |
1. | STATUTORY INFORMATION |
Dragon Kart Club Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the services have been transferred or in accordance with contractual terms. This business is not VAT registered.. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Going concern |
The directors are satisfied that the company can continue to meet its day to day financial requirements from working capital due to the continuing support of its associated company GYG Karting Limited, and that the going concern basis is appropriate for the accounts preparation. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
Dragon Kart Club Limited (Registered number: 04387186) |
Notes to the Financial Statements - continued |
for the Year Ended 29 June 2024 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 30 June 2023 |
and 29 June 2024 |
DEPRECIATION |
At 30 June 2023 |
and 29 June 2024 |
NET BOOK VALUE |
At 29 June 2024 |
At 29 June 2023 |
5. | RELATED PARTY DISCLOSURES |
During the year, Dragon Kart Club Limited hired race track facilities at a cost of £136,500 (£159,000 - 2023) from GYG Karting Limited, a company under common control. |
In the year ended 29 June 2021 Dragon Kart Club Limited extended a short term interest free loan to G.Y.G. Karting Limited of £40,876 on which repayments commenced post year end. At 29 June 2024 the balance outstanding was £20,376. |