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REGISTERED NUMBER: SC275559 (Scotland)















Financial Statements for the Year Ended 30 November 2021

for

DOUGH RE MI LIMITED

DOUGH RE MI LIMITED (REGISTERED NUMBER: SC275559)

Contents of the Financial Statements
for the Year Ended 30 November 2021










Page

Balance Sheet 1

Notes to the Financial Statements 3


DOUGH RE MI LIMITED (REGISTERED NUMBER: SC275559)

Balance Sheet
30 November 2021

2021 2020
Notes £    £   
Fixed assets
Tangible assets 4 23,526 28,449

Current assets
Stocks 1,375 1,160
Debtors 5 9,963 7,254
11,338 8,414
Creditors
Amounts falling due within one year 6 (14,751 ) (13,190 )
Net current liabilities (3,413 ) (4,776 )
Total assets less current liabilities 20,113 23,673

Creditors
Amounts falling due after more than one
year

7

(14,488

)

(17,294

)

Provisions for liabilities (4,470 ) (5,405 )
Net assets 1,155 974

Capital and reserves
Called up share capital 9 100 100
Retained earnings 1,055 874
Shareholders' funds 1,155 974

DOUGH RE MI LIMITED (REGISTERED NUMBER: SC275559)

Balance Sheet - continued
30 November 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2022 and were signed by:





N Badihi - Director


DOUGH RE MI LIMITED (REGISTERED NUMBER: SC275559)

Notes to the Financial Statements
for the Year Ended 30 November 2021


1. Statutory information

Dough Re Mi Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC275559

Registered office: 102 Buckstone Road
Edinburgh
Midlothian
EH10 6UT

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the baking & wholesaling of bread and other related products is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer and the amount of turnover can be measured reliably.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest receivable

Interest income is recognised using the effective interest method.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Tenant's improvement- Straight line over 5 years
Furniture, fittings & equipment - 25% on reducing balance
Van- 25% on reducing balance
Motor vehicle- 25% straight line

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

DOUGH RE MI LIMITED (REGISTERED NUMBER: SC275559)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021


2. Accounting policies - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Current taxation represents the amount of taxation payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation represents the future taxation consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved taxation losses and other deferred taxation assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred taxation liabilities or other future taxable profits.

Deferred taxation is measured using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Pension costs and other post-retirement benefits
The company operates money purchase (defined contribution) pension scheme. Contributions are charged against profits on the amounts payable for the year.

Hire purchase and leases
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of the obligations is charged to profit and loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Bank and cash
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. Employees and directors

The average number of employees during the year was 5 (2020 - 4 ) .

DOUGH RE MI LIMITED (REGISTERED NUMBER: SC275559)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021


4. Tangible fixed assets
Furniture,
fittings
& equipment Van Totals
£    £    £   
Cost
At 1 December 2020 68,174 28,342 96,516
Additions 2,195 - 2,195
At 30 November 2021 70,369 28,342 98,711
Depreciation
At 1 December 2020 56,357 11,710 68,067
Charge for year 2,960 4,158 7,118
At 30 November 2021 59,317 15,868 75,185
Net book value
At 30 November 2021 11,052 12,474 23,526
At 30 November 2020 11,817 16,632 28,449

5. Debtors: amounts falling due within one year
2021 2020
£    £   
Trade debtors 7,698 4,887
Other debtors 2,265 892
Director's loan - 1,475
9,963 7,254

6. Creditors: amounts falling due within one year
2021 2020
£    £   
Bank overdraft 1,576 356
Hire purchase contracts 2,256 2,256
Trade creditors 1,113 157
Corporation tax 4,422 3,520
Taxation and social security - 74
Bank loan 600 150
Director's loan 40 -
Other creditors and accruals 4,744 6,677
14,751 13,190

The director's loan is unsecured, interest free and carries no schedule of repayment.

7. Creditors: amounts falling due after more than one year
2021 2020
£    £   
Bank loans 2,300 2,850
Hire purchase contracts 12,188 14,444
14,488 17,294

DOUGH RE MI LIMITED (REGISTERED NUMBER: SC275559)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021


8. Secured debts

The following secured debts are included within creditors:

2021 2020
£    £   
Hire purchase contracts 14,444 -

The hire purchase contracts are secured over the assets concerned.

9. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1.00 100 100

10. Other financial commitments

At 30 November 2021, the company had minimum lease payments under a non-cancellable property lease over its remaining 20 months totalling £6,500.