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REGISTERED NUMBER: 11474908 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

DLS SHOWJUMPING LTD

DLS SHOWJUMPING LTD (REGISTERED NUMBER: 11474908)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DLS SHOWJUMPING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Ms L N Simpson
D J Simpson





SECRETARY: D J Simpson





REGISTERED OFFICE: Bridgehill Farm
Thakeham Road
Coolham
West Sussex
RH13 8QD





REGISTERED NUMBER: 11474908 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

DLS SHOWJUMPING LTD (REGISTERED NUMBER: 11474908)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 45,015 42,167

CURRENT ASSETS
Debtors 5 21,684 1,248
Cash at bank 30,628 20,117
52,312 21,365
CREDITORS
Amounts falling due within one year 6 204,225 139,994
NET CURRENT LIABILITIES (151,913 ) (118,629 )
TOTAL ASSETS LESS CURRENT LIABILITIES (106,898 ) (76,462 )

CREDITORS
Amounts falling due after more than one
year

7

8,334

18,333
NET LIABILITIES (115,232 ) (94,795 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (115,234 ) (94,797 )
SHAREHOLDERS' FUNDS (115,232 ) (94,795 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

DLS SHOWJUMPING LTD (REGISTERED NUMBER: 11474908)

BALANCE SHEET - continued
31 JULY 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 Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





D J Simpson - Director


DLS SHOWJUMPING LTD (REGISTERED NUMBER: 11474908)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Dls Showjumping 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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The company is reliant on the support of the directors to enable DLS Showjumping Limited to meet its day-to-day financial obligations. The directors have confirmed that they will continue to support the company for at least twelve months beyond the approval date of these financial statements, and will not withdraw the loan facility provided if this would render the company unable to pay its liabilities as they fall due. On this basis, the directors believe that is is prudent to prepare the accounts on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - Not depreciated
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on cost

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.


DLS SHOWJUMPING LTD (REGISTERED NUMBER: 11474908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

Debtors
Debtors are measured at their recoverable amount.

Creditors
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Computer
improvements machinery equipment Totals
£    £    £    £   
COST
At 1 August 2023 31,618 13,780 - 45,398
Additions - 6,431 839 7,270
Disposals - (2,600 ) - (2,600 )
At 31 July 2024 31,618 17,611 839 50,068
DEPRECIATION
At 1 August 2023 - 3,231 - 3,231
Charge for year - 2,265 279 2,544
Eliminated on disposal - (722 ) - (722 )
At 31 July 2024 - 4,774 279 5,053
NET BOOK VALUE
At 31 July 2024 31,618 12,837 560 45,015
At 31 July 2023 31,618 10,549 - 42,167

DLS SHOWJUMPING LTD (REGISTERED NUMBER: 11474908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,257 -
Other debtors 427 1,248
21,684 1,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 36,410 -
Taxation and social security 46,684 14,371
Other creditors 111,131 115,623
204,225 139,994

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,334 18,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

Creditors due within one year include £106,031 (2023 - £113,123) which is owed to the directors of the company.