The Duck (Campsea Ash) Limited 11914823 false 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is running a public house Digita Accounts Production Advanced 6.30.9574.0 true true 11914823 2021-04-01 2022-03-31 11914823 2022-03-31 11914823 core:CurrentFinancialInstruments 2022-03-31 11914823 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11914823 core:Non-currentFinancialInstruments 2022-03-31 11914823 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 11914823 core:FurnitureFittingsToolsEquipment 2022-03-31 11914823 bus:SmallEntities 2021-04-01 2022-03-31 11914823 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 11914823 bus:FullAccounts 2021-04-01 2022-03-31 11914823 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 11914823 bus:RegisteredOffice 2021-04-01 2022-03-31 11914823 bus:Director1 2021-04-01 2022-03-31 11914823 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 11914823 core:FurnitureFittings 2021-04-01 2022-03-31 11914823 core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 11914823 countries:EnglandWales 2021-04-01 2022-03-31 11914823 2021-03-31 11914823 core:FurnitureFittingsToolsEquipment 2021-03-31 11914823 2020-04-01 2021-03-31 11914823 2021-03-31 11914823 core:CurrentFinancialInstruments 2021-03-31 11914823 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 11914823 core:Non-currentFinancialInstruments 2021-03-31 11914823 core:Non-currentFinancialInstruments core:AfterOneYear 2021-03-31 11914823 core:FurnitureFittingsToolsEquipment 2021-03-31 iso4217:GBP xbrli:pure

Registration number: 11914823

The Duck (Campsea Ash) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

The Duck (Campsea Ash) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

The Duck (Campsea Ash) Limited

Company Information

Director

Mr V Blackmore

Registered office

1st Floor
143 Connaught Avenue
Frinton-On-Sea
Essex
CO13 9AB

Accountants

The Pub Experts Ltd
1st Floor
143 Connaught Avenue
Frinton-On-Sea
Essex
CO13 9AB

 

The Duck (Campsea Ash) Limited

(Registration number: 11914823)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

2,261

1,563

Current assets

 

Stocks

5

4,783

5,699

Debtors

6

328

-

Cash at bank and in hand

 

80,581

74,203

 

85,692

79,902

Creditors: Amounts falling due within one year

7

(69,923)

(36,510)

Net current assets

 

15,769

43,392

Total assets less current liabilities

 

18,030

44,955

Creditors: Amounts falling due after more than one year

7

(31,940)

(50,000)

Net liabilities

 

(13,910)

(5,045)

Capital and reserves

 

Called up share capital

10,000

10,000

Profit and loss account

(23,910)

(15,045)

Shareholders' deficit

 

(13,910)

(5,045)

For the financial year 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 year 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.

Approved and authorised by the director on 1 August 2022
 

.........................................
Mr V Blackmore
Director

 

The Duck (Campsea Ash) Limited

Notes to the Unaudited Financial Statements for the Year Ended 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:
1st Floor
143 Connaught Avenue
Frinton-On-Sea
Essex
CO13 9AB
United Kingdom

These financial statements were authorised for issue by the director on 1 August 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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These 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.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The director has guaranteed his financial support to the company for the foreseeable future.
On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be amde to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

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.

 

The Duck (Campsea Ash) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

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 and fittings

20% Straight line

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.

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

The average number of persons employed by the company (including the director) during the year, was 12 (2021 - 7).

 

The Duck (Campsea Ash) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2021

2,605

2,605

Additions

1,524

1,524

At 31 March 2022

4,129

4,129

Depreciation

At 1 April 2021

1,042

1,042

Charge for the year

826

826

At 31 March 2022

1,868

1,868

Carrying amount

At 31 March 2022

2,261

2,261

At 31 March 2021

1,563

1,563

5

Stocks

2022
£

2021
£

Finished goods and goods for resale

4,783

5,699

6

Debtors

2022
£

2021
£

Other debtors

328

-

328

-

 

The Duck (Campsea Ash) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

7

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

8

9,727

-

Trade creditors

 

18,253

6,268

Amounts owed to group undertakings and undertakings in which the company has a participating interest

20,748

-

Taxation and social security

 

20,946

27,386

Other creditors

 

249

2,856

 

69,923

36,510

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

8

31,940

50,000

8

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

31,940

50,000

2022
£

2021
£

Current loans and borrowings

Bank borrowings

9,727

-