Registered number
08124201
Durham Activewear Ltd
Filleted Accounts
30 June 2024
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
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