Durham Activewear Ltd |
Registered number: |
08124201 |
Balance Sheet |
as at 30 June 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
5,055 |
|
|
6,657 |
|
Current assets |
Debtors |
4 |
|
5,029 |
|
|
504 |
Cash at bank and in hand |
|
|
2,326 |
|
|
43,153 |
|
|
|
7,355 |
|
|
43,657 |
|
Creditors: amounts falling due within one year |
5 |
|
(24,360) |
|
|
(36,078) |
|
Net current (liabilities)/assets |
|
|
|
(17,005) |
|
|
7,579 |
|
Total assets less current liabilities |
|
|
|
(11,950) |
|
|
14,236 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(9,558) |
|
|
(19,265) |
|
Provisions for liabilities |
|
|
|
(961) |
|
|
(1,264) |
|
|
Net liabilities |
|
|
|
(22,469) |
|
|
(6,293) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(22,569) |
|
|
(6,393) |
|
Shareholder's funds |
|
|
|
(22,469) |
|
|
(6,293) |
|
|
|
|
|
|
|
|
The director is 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 director acknowledges his 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. |
|
|
|
|
K Wright |
Director |
Approved by the board on 31 March 2025 |
|
Durham Activewear 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). |
|
|
The Financial statements have been prepared on a going concern basis, as the director has an expectation that the Company has adequate resources to continue in operational existence for the forseeable future. |
|
|
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
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 at the following rates: |
|
|
Plant and machinery |
15% reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is 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. 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. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
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 |
4 |
|
3 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 July 2023 |
23,924 |
|
Disposals |
(1,836) |
|
At 30 June 2024 |
22,088 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2023 |
17,267 |
|
Charge for the year |
892 |
|
On disposals |
(1,126) |
|
At 30 June 2024 |
17,033 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2024 |
5,055 |
|
At 30 June 2023 |
6,657 |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
4,070 |
|
(520) |
|
Other debtors |
959 |
|
1,024 |
|
|
|
|
|
|
5,029 |
|
504 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans and overdrafts |
10,648 |
|
10,648 |
|
Trade creditors |
13,500 |
|
15,120 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
3,365 |
|
3,365 |
|
Taxation and social security costs |
20,855 |
|
27,768 |
|
Other Creditors |
(24,008) |
|
(20,823) |
|
|
|
|
|
|
24,360 |
|
36,078 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans |
9,558 |
|
19,265 |
|
|
|
|
|
|
|
|
|
|
7 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
K Wright |
|
Directors loan account |
(20,823) |
|
(8,159) |
|
4,974 |
|
(24,008) |
|
|
|
(20,823) |
|
(8,159) |
|
4,974 |
|
(24,008) |
|
|
|
|
|
|
|
|
|
|
8 |
Related party transactions |
|
|
The company owes Hebden Activewear Limited £3365. Nothing was loaned or repayed during the year. The loan is interest free and repayable on demand. |
|
|
9 |
Controlling party |
|
|
The company is controlled by its director. |
|
|
10 |
Other information |
|
|
Durham Activewear Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
22 Brookside |
|
Witton Gilbert |
|
Durham |
|
DH7 6RS |