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REGISTERED NUMBER: 10596750 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Discipline Limited

Discipline Limited (Registered number: 10596750)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Discipline Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S J Green
Miss G L Sharples





REGISTERED OFFICE: Seagreen
Turner Street
Redcar
TS10 1AZ





REGISTERED NUMBER: 10596750 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Discipline Limited (Registered number: 10596750)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,330 180,824

CURRENT ASSETS
Debtors 5 1,743,859 2,149,050
Cash at bank 19,884 24,200
1,763,743 2,173,250
CREDITORS
Amounts falling due within one year 6 1,047,298 1,441,332
NET CURRENT ASSETS 716,445 731,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

752,775

912,742

CREDITORS
Amounts falling due after more than one
year

7

(3,169

)

(221,930

)

PROVISIONS FOR LIABILITIES (9,000 ) (500 )
NET ASSETS 740,606 690,312

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 740,605 690,311
SHAREHOLDERS' FUNDS 740,606 690,312

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





S J Green - Director


Discipline Limited (Registered number: 10596750)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Discipline 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 represents the value of training delivered in the period and is measured at the fair value of the consideration received or receivable, excluding 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Discipline Limited (Registered number: 10596750)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially measured at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 70,224 190,474 260,698
Additions 3,439 15,444 18,883
Disposals - (190,474 ) (190,474 )
At 31 August 2024 73,663 15,444 89,107
DEPRECIATION
At 1 September 2023 36,224 43,650 79,874
Charge for year 13,979 20,927 34,906
Eliminated on disposal - (62,003 ) (62,003 )
At 31 August 2024 50,203 2,574 52,777
NET BOOK VALUE
At 31 August 2024 23,460 12,870 36,330
At 31 August 2023 34,000 146,824 180,824

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 190,474
Transfer to ownership (190,474 )
At 31 August 2024 -
DEPRECIATION
At 1 September 2023 43,650
Charge for year 18,353
Transfer to ownership (62,003 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 146,824

Discipline Limited (Registered number: 10596750)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 800,832 791,018
Amounts owed by participating interests 177,884 1,287,924
Other debtors 765,143 70,108
1,743,859 2,149,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,000 30,000
Hire purchase contracts - 21,485
Trade creditors 56,299 57,612
Amounts owed to participating interests 107,927 101,795
Taxation and social security 40,887 56,036
Other creditors 817,185 1,174,404
1,047,298 1,441,332

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 55,000
Hire purchase contracts - 151,084
Other creditors 3,169 15,846
3,169 221,930

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 172,569

Hire purchase liabilities are secured on the assets to which they relate.

9. CALLED UP SHARE CAPITAL

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

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £nil (2023 - £3,265).