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REGISTERED NUMBER: 04387186 (England and Wales)















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: Mrs T K Davies
E G Davies





SECRETARY: Mrs T K Davies





REGISTERED OFFICE: Glan Y Gors Park
Cerrigydrudion
CORWEN
Denbighshire
LL21 0RU





REGISTERED NUMBER: 04387186 (England and Wales)





ACCOUNTANTS: Cyfrifwyr Hill & Roberts
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 3 3

CURRENT ASSETS
Stocks 525 500
Debtors 23,399 25,723
Cash at bank and in hand 335 3,687
24,259 29,910
CREDITORS
Amounts falling due within one year 16,558 10,891
NET CURRENT ASSETS 7,701 19,019
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,704

19,022

CREDITORS
Amounts falling due after more than
one year

12,626

21,690
NET LIABILITIES (4,922 ) (2,668 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,022 ) (2,768 )
SHAREHOLDERS' FUNDS (4,922 ) (2,668 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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.

Dragon Kart Club Limited (Registered number: 04387186)

Abridged Statement of Financial Position - continued
29 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 29 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 January 2025 and were signed on its behalf by:





E G Davies - Director


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 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. 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 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
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 cost
Fixtures and fittings - 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.

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 4,827
DEPRECIATION
At 30 June 2023
and 29 June 2024 4,824
NET BOOK VALUE
At 29 June 2024 3
At 29 June 2023 3

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.