Registered number
09882125
DINGS CRUSADERS RFC LTD
Unaudited Filleted Accounts
30 June 2024
DINGS CRUSADERS RFC LTD
Registered number: 09882125
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 39,451 6,420
Current assets
Stocks 15,424 11,500
Debtors 4 80,344 43,148
Cash at bank and in hand 184,766 165,095
280,534 219,743
Creditors: amounts falling due within one year 5 (339,823) (264,052)
Net current liabilities (59,289) (44,309)
Net liabilities (19,838) (37,889)
Capital and reserves
Called up share capital 1 1
Profit and loss account (19,839) (37,890)
Shareholder's funds (19,838) (37,889)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Bowden
Director
Approved by the board on 26 March 2025
DINGS CRUSADERS RFC LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 23 20
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 32,635
Additions 36,839
At 30 June 2024 69,474
Depreciation
At 1 July 2023 26,215
Charge for the year 3,808
At 30 June 2024 30,023
Net book value
At 30 June 2024 39,451
At 30 June 2023 6,420
Fixed asset additions include costs of £30,835, relating to a capital project which was completed after the year end. Once the project has been completed and the asset has been brought into use it will be depreciated over it's useful economic life, in line with the company's accounting policy.
4 Debtors 2024 2023
£ £
Trade debtors 73,743 38,712
Other debtors 6,601 4,436
80,344 43,148
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 34,446 13,209
Amounts owed to group undertakings and undertakings in which the company has a participating interest 173,905 155,703
Taxation and social security costs 20,503 17,376
Other creditors 110,969 77,764
339,823 264,052
Other creditors include a grant of £32,400 received to fund a capital project which was completed after the year end. Once the project has been completed and the asset has been brought into use, the grant will be released to the profit and loss account on a systematic basis, over the useful economic life of the asset.
6 Related party transactions
During the year, donations totalling £55,626 (2023 - £0) were made to fund the work of the parent company, Shaftesbury Park, which is a registered charity.
7 Other information
DINGS CRUSADERS RFC LTD is a private company limited by shares and incorporated in England. Its registered office is:
Units 1 - 4, Crossley Farm Business Centre
Swan Lane,
Winterbourne,
Bristol
BS36 1RH
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