REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 July 2022 |
for |
Deebee Foodstore Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 July 2022 |
for |
Deebee Foodstore Limited |
Deebee Foodstore Limited (Registered number: 04375288) |
Contents of the Financial Statements |
for the Year Ended 31 July 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Deebee Foodstore Limited |
Company Information |
for the Year Ended 31 July 2022 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Oval |
57 New Walk |
Leicester |
Leicestershire |
LE1 7EA |
Deebee Foodstore Limited (Registered number: 04375288) |
Balance Sheet |
31 July 2022 |
31.7.22 | 31.7.21 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Investment property | 6 |
Current assets |
Stocks |
Debtors | 7 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 8 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
Provisions for liabilities | 11 | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 12 |
Retained earnings | 13 |
Shareholders' funds |
The director acknowledges his 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. |
Deebee Foodstore Limited (Registered number: 04375288) |
Balance Sheet - continued |
31 July 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Deebee Foodstore Limited (Registered number: 04375288) |
Notes to the Financial Statements |
for the Year Ended 31 July 2022 |
1. | Statutory information |
Deebee Foodstore Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Investment property |
The investment property is stated at fair value and has been determined by the directors by reference to current market prices for comparable property adjusted for nature, location and condition |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Deebee Foodstore Limited (Registered number: 04375288) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
2. | Accounting policies - continued |
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. |
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. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 August 2021 |
and 31 July 2022 |
Amortisation |
At 1 August 2021 |
Charge for year |
At 31 July 2022 |
Net book value |
At 31 July 2022 |
At 31 July 2021 |
Deebee Foodstore Limited (Registered number: 04375288) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
5. | Tangible fixed assets |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1 August 2021 |
and 31 July 2022 |
Depreciation |
At 1 August 2021 |
Charge for year |
At 31 July 2022 |
Net book value |
At 31 July 2022 |
At 31 July 2021 |
6. | Investment property |
Total |
£ |
Fair value |
At 1 August 2021 |
and 31 July 2022 |
Net book value |
At 31 July 2022 |
At 31 July 2021 |
Fair value at 31 July 2022 is represented by: |
£ |
Valuation in 2017 | 170,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
31.7.22 | 31.7.21 |
£ | £ |
Cost | 140,284 | 140,284 |
Investment Property was valued on an open market basis on 31 July 2017 by director . |
7. | Debtors: amounts falling due within one year |
31.7.22 | 31.7.21 |
£ | £ |
Trade debtors |
Other debtors |
Deebee Foodstore Limited (Registered number: 04375288) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
8. | Creditors: amounts falling due within one year |
31.7.22 | 31.7.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
9. | Creditors: amounts falling due after more than one year |
31.7.22 | 31.7.21 |
£ | £ |
Bank loans |
Other creditors |
10. | Secured debts |
The following secured debts are included within creditors: |
31.7.22 | 31.7.21 |
£ | £ |
Bank loans |
Other loans |
The bank and Pension fund loans are secured by a fixed charge over the investment and leasehold properties; Bank Loans include Bounce Back Loan received under the Government Coronavirus business support scheme amounting to £ 39,306. (2021 £49,132) which is unsecured. |
11. | Provisions for liabilities |
31.7.22 | 31.7.21 |
£ | £ |
Deferred tax | 8,714 | 9,835 |
Deferred |
tax |
£ |
Balance at 1 August 2021 |
Credit to Income Statement during year | ( |
) |
Balance at 31 July 2022 |
Deebee Foodstore Limited (Registered number: 04375288) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
12. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.22 | 31.7.21 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
13. | Reserves |
Retained |
earnings |
£ |
At 1 August 2021 |
Profit for the year |
Dividends | ( |
) |
At 31 July 2022 |
14. | Related party disclosures |
During the year the company director and shareholders received dividends amounting to £46,500. |
( 2021 £46,500) |
15. | Ultimate controlling party |
The company is the under the control of Mr B D & Mrs P B Patel & Mr H.D & Mrs M H Patel who own 100% of the company's share capital. |