COMPANY REGISTRATION NO. 10214298 (England and Wales)
DAWN COLLINS TRAINING LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
PAGES FOR FILING WITH REGISTRAR
DAWN COLLINS TRAINING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DAWN COLLINS TRAINING LTD
BALANCE SHEET
AS AT
30 JUNE 2021
30 June 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,754
588
Current assets
Debtors
4
19,212
19,848
Cash at bank and in hand
13,421
4,442
32,633
24,290
Creditors: amounts falling due within one year
5
(11,086)
(20,318)
Net current assets
21,547
3,972
Total assets less current liabilities
24,301
4,560
Provisions for liabilities
(523)
(111)
Net assets
23,778
4,449
Capital and reserves
Called up share capital
6
10
10
Profit and loss reserves
23,768
4,439
Total equity
23,778
4,449
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her 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 and signed by the director and authorised for issue on 22 March 2022
Miss D Collins
Director
Company Registration No. 10214298
DAWN COLLINS TRAINING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
- 2 -
1
Accounting policies
Company information
Dawn Collins Training Ltd is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
47 High Street, Braunston, Northamptonshire, NN11 7HR.
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 under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable for services
provided in the normal course of business
net of VAT and trade discounts.
Revenue from the supply of medical training is recognised upon completion when, and to the extent that, the company obtains the right to consideration in exchange for services provided.
1.3
Tangible fixed assets
Tangible fixed assets
are measured at cost
,
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:
Plant and equipment
20% straight line
Computers
20% straight line
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
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.
DAWN COLLINS TRAINING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
1
Accounting policies
(Continued)
- 3 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the
profit and loss account
, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.5
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense
.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 July 2020
280
1,508
1,788
Additions
2,838
2,838
At 30 June 2021
280
4,346
4,626
Depreciation and impairment
At 1 July 2020
140
1,060
1,200
Depreciation charged in the year
56
616
672
At 30 June 2021
196
1,676
1,872
Carrying amount
At 30 June 2021
84
2,670
2,754
At 30 June 2020
140
448
588
DAWN COLLINS TRAINING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
- 4 -
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
19,212
19,800
Corporation tax recoverable
48
19,212
19,848
5
Creditors: amounts falling due within one year
2021
2020
£
£
Corporation tax
7,464
Other taxation and social security
2,185
2,793
Other creditors
45
16,337
Accruals and deferred income
1,392
1,188
11,086
20,318
6
Called up share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
10
10
10
10
7
Directors' transactions
Dividends totalling £14,000 (2020 - £0) were paid in the year in respect of shares held by the company's director.
T
he director operate
s
a current loan account with the company, which is debited with payments made by the company on behalf of the director and credited with funds introduced and undrawn director's fees. At the year end the amount outstanding to
the director
w
as £45 (2020 -
£
16,337); t
his amount being included in creditors: amounts falling due within one year.