Doughnotts Beeston Ltd 13622870 false 2021-10-01 2022-03-31 2022-03-31 The principal activity of the company is retailing and distribution of doughnuts. Digita Accounts Production Advanced 6.30.9574.0 true 13622870 2021-10-01 2022-03-31 13622870 2022-03-31 13622870 core:RetainedEarningsAccumulatedLosses 2022-03-31 13622870 core:ShareCapital 2022-03-31 13622870 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 13622870 core:FurnitureFittingsToolsEquipment 2022-03-31 13622870 bus:SmallEntities 2021-10-01 2022-03-31 13622870 bus:AuditExemptWithAccountantsReport 2021-10-01 2022-03-31 13622870 bus:AbridgedAccounts 2021-10-01 2022-03-31 13622870 bus:SmallCompaniesRegimeForAccounts 2021-10-01 2022-03-31 13622870 bus:RegisteredOffice 2021-10-01 2022-03-31 13622870 bus:Director1 2021-10-01 2022-03-31 13622870 bus:PrivateLimitedCompanyLtd 2021-10-01 2022-03-31 13622870 bus:Agent1 2021-10-01 2022-03-31 13622870 core:FurnitureFittingsToolsEquipment 2021-10-01 2022-03-31 13622870 countries:EnglandWales 2021-10-01 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 13622870

Doughnotts Beeston Ltd

Unaudited Abridged Financial Statements

(Companies House version)

for the Period from 1 October 2021 to 31 March 2022

 

Doughnotts Beeston Ltd

Contents

Accountants' Report

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Doughnotts Beeston Ltd
for the Period Ended 31 March 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Doughnotts Beeston Ltd for the period ended 31 March 2022 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Doughnotts Beeston Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Doughnotts Beeston Ltd and state those matters that we have agreed to state to the Board of Directors of Doughnotts Beeston Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Doughnotts Beeston Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Doughnotts Beeston Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Doughnotts Beeston Ltd. You consider that Doughnotts Beeston Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Doughnotts Beeston Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Page Kirk LLP
Chartered Accountants
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

13 July 2022

 

Doughnotts Beeston Ltd

(Registration number: 13622870)
Abridged Balance Sheet as at 31 March 2022

Note

2022

   

£

£

Fixed assets

   

Tangible assets

4

 

45,943

Current assets

   

Debtors

592

 

Cash at bank and in hand

 

14,452

 

 

15,044

 

Creditors: Amounts falling due within one year

(37,141)

 

Net current liabilities

   

(22,097)

Total assets less current liabilities

   

23,846

Provisions for liabilities

 

(8,729)

Net assets

   

15,117

Capital and reserves

   

Called up share capital

100

 

Profit and loss account

15,017

 

Total equity

   

15,117

 

Doughnotts Beeston Ltd

(Registration number: 13622870)
Abridged Balance Sheet as at 31 March 2022

For the financial period ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 13 July 2022
 

.........................................
Mr W E Smith
Director

 

Doughnotts Beeston Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2021 to 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

These financial statements were authorised for issue by the director on 13 July 2022.

2

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.

Basis of preparation of financial statements

These financial statements were prepared under the historical cost convention in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard 102 ('FRS 102') Section 1A small entities, and with the Companies Act 2006.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Doughnotts Beeston Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2021 to 31 March 2022

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of the deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet 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

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% straight line

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

Doughnotts Beeston Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 October 2021 to 31 March 2022

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

During the period, the average number of employees at the company was 6.

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

49,065

49,065

At 31 March 2022

49,065

49,065

Depreciation

Charge for the period

3,122

3,122

At 31 March 2022

3,122

3,122

Carrying amount

At 31 March 2022

45,943

45,943