Registration number:
Dough & Deer Limited
for the
Year Ended 31 January 2019
Chartered Accountants
Bewell House
Bewell Street
Hereford
Herefordshire
HR4 0BA
Dough & Deer Limited
(Registration number: 09399197)
Balance Sheet as at 31 January 2019
Note |
2019 |
2018 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
- |
|
Provisions for liabilities |
( |
- |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Total equity |
|
|
For the financial year ending 31 January 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Page 1 |
Dough & Deer Limited
(Registration number: 09399197)
Balance Sheet as at 31 January 2019
(continued)
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Page 2 |
Dough & Deer Limited
Notes to the Financial Statements for the Year Ended 31 January 2019
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
The principal place of business is:
2 Burcham Close
Hampton
TW12 2EP
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with FRS 102, section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Page 3 |
Dough & Deer Limited
Notes to the Financial Statements for the Year Ended 31 January 2019
(continued)
2 |
Accounting policies (continued) |
Tax
Taxation represents the sum of tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates:
Asset class |
Depreciation method and rate |
Cooking equipment |
15% of cost per annum |
Fixtures and fittings |
20% of cost per annum |
Page 4 |
Dough & Deer Limited
Notes to the Financial Statements for the Year Ended 31 January 2019
(continued)
2 |
Accounting policies (continued) |
Intangible assets
Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Page 5 |
Dough & Deer Limited
Notes to the Financial Statements for the Year Ended 31 January 2019
(continued)
2 |
Accounting policies (continued) |
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Page 6 |
Dough & Deer Limited
Notes to the Financial Statements for the Year Ended 31 January 2019
(continued)
Tangible assets |
Furniture, fittings and equipment |
Motor vehicles |
Total |
|
Cost or valuation |
|||
At 1 February 2018 |
|
- |
|
Additions |
- |
|
|
At 31 January 2019 |
|
|
|
Depreciation |
|||
At 1 February 2018 |
|
- |
|
Charge for the year |
|
|
|
At 31 January 2019 |
|
|
|
Carrying amount |
|||
At 31 January 2019 |
|
|
|
At 31 January 2018 |
|
- |
|
Stocks |
2019 |
2018 |
|
Other inventories |
|
|
Debtors |
Page 7 |
Dough & Deer Limited
Notes to the Financial Statements for the Year Ended 31 January 2019
(continued)
6 |
Debtors (continued) |
2019 |
2018 |
|
Trade debtors |
|
- |
Prepayments |
- |
|
Other debtors |
|
|
|
|
Page 8 |
Dough & Deer Limited
Notes to the Financial Statements for the Year Ended 31 January 2019
(continued)
Creditors |
Creditors: amounts falling due within one year
Note |
2019 |
2018 |
|
Due within one year |
|||
Bank loans and overdrafts |
|
- |
|
Trade creditors |
|
|
|
Taxation and social security |
|
- |
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|
Creditors: amounts falling due after more than one year
Note |
2019 |
2018 |
|
Due after one year |
|||
Loans and borrowings |
|
- |
Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
Page 9 |
Dough & Deer Limited
Notes to the Financial Statements for the Year Ended 31 January 2019
(continued)
Loans and borrowings |
2019 |
2018 |
|
Non-current loans and borrowings |
||
Bank borrowings |
|
- |
2019 |
2018 |
|
Current loans and borrowings |
||
Bank borrowings |
|
- |
Related party transactions |
At the year end the company was owed £3,000 (2018: £3,000) from The Long and Short Limited, a company who Mr J Szymik is a director of. The loan is repayable upon demand.
Transactions with directors |
2019 |
Advances to directors |
Repayments by director |
At 31 January 2019 |
Mr James Szymik |
|||
The loan to Mr J Szymik is unsecured and repayable on demand. The loan will be repaid in the next financial year. |
|
( |
|
Other transactions with directors |
Page 10 |