Company registration number SC105949 (Scotland)
Scottish Darts Association
unaudited financial statements
for the year ended 31 December 2025
Pages for filing with registrar
Scottish Darts Association
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 6
Scottish Darts Association
Balance sheet
as at 31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
5,043
1,882
Current assets
Debtors
5
3,455
6,800
Cash at bank and in hand
96,434
72,734
99,889
79,534
Creditors: amounts falling due within one year
6
(24,618)
(21,291)
Net current assets
75,271
58,243
Net assets
80,314
60,125
Reserves
Other reserves
7
55,400
55,400
Income and expenditure account
24,914
4,725
Members' funds
80,314
60,125

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 25 May 2026 and are signed on its behalf by:
Cliff Murray
Director
Company Registration No. SC105949
Scottish Darts Association
Notes to the Financial Statements
for the year ended 31 December 2025
- 2 -
1
Accounting policies
Company information

Scottish Darts Association is a private company limited by guarantee incorporated in Scotland. The registered office is 4 Burns Road, South Parks, Glenrothes, Fife, KY6 1EB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention and the principal accounting policies adopted are set out below.

1.2
Going concern

These true financial statements have been prepared on the going concern basis as the director s are satisfied that the financial needs of the company will be met from within its existing facilities and agreements. In response to the cost of living crisis, the directors have taken various precautions and implemented measures to assist in mitigating the impact. As part of this approach the directors have taken appropriate steps to control costs.

Based on these assumptions, and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts.

1.3
Income and expenditure

Income is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

All expenditure is included on an accruals basis and is recognised when there is a legal obligation to pay for expenditure. Irrecoverable VAT is charged against the expenditure for which it was incurred.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Trophies
20% straight line
Fixtures
20% straight line
Stage equipment
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

Scottish Darts Association
Notes to the Financial Statements (continued)
for the year ended 31 December 2025
1
Accounting policies (continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Scottish Darts Association
Notes to the Financial Statements (continued)
for the year ended 31 December 2025
1
Accounting policies (continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Leases
As lessee

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Scottish Darts Association
Notes to the Financial Statements (continued)
for the year ended 31 December 2025
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
4
Tangible fixed assets
Trophies
Fixtures
Stage equipment
Total
£
£
£
£
Cost
At 1 January 2025
9,986
6,046
62,695
78,727
Additions
300
-
0
4,278
4,578
Disposals
(193)
(260)
-
0
(453)
At 31 December 2025
10,093
5,786
66,973
82,852
Depreciation and impairment
At 1 January 2025
9,985
6,004
60,856
76,845
Depreciation charged in the year
60
-
0
1,315
1,375
Eliminated in respect of disposals
(193)
(218)
-
0
(411)
At 31 December 2025
9,852
5,786
62,171
77,809
Carrying amount
At 31 December 2025
241
-
0
4,802
5,043
At 31 December 2024
1
42
1,839
1,882
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade Debtors
3,455
5,616
Prepayments and accrued income
-
0
184
3,455
5,800
Scottish Darts Association
Notes to the Financial Statements (continued)
for the year ended 31 December 2025
5
Debtors (continued)
- 6 -
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
-
0
1,000
Total debtors
3,455
6,800
6
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
4
17
Deferred income
21,644
18,514
Accruals
2,970
2,760
24,618
21,291
7
Own shares reserve

The other reserves are balances brought forward from when the association incorporated.

8
Profit and loss reserve

Profit and loss reserve includes all current and prior period retained profit and losses.

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