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REGISTERED NUMBER: 09949023 (England and Wales)















DIGBY STAMFORD PUB GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2022






DIGBY STAMFORD PUB GROUP LIMITED (REGISTERED NUMBER: 09949023)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIGBY STAMFORD PUB GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTOR: Mr S Alcock





SECRETARY: Mr S Alcock





REGISTERED OFFICE: King's Head
19 Maiden Lane
Stamford
PE9 2AZ





REGISTERED NUMBER: 09949023 (England and Wales)






DIGBY STAMFORD PUB GROUP LIMITED (REGISTERED NUMBER: 09949023)

BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,500
Tangible assets 5 14,896 17,073
14,896 19,573

CURRENT ASSETS
Stocks 5,784 -
Debtors 6 17,659 15,349
Cash at bank and in hand 20,776 40,167
44,219 55,516
CREDITORS
Amounts falling due within one year 7 199,640 194,498
NET CURRENT LIABILITIES (155,421 ) (138,982 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(140,525

)

(119,409

)

CREDITORS
Amounts falling due after more than one
year

8

30,047

41,667
NET LIABILITIES (170,572 ) (161,076 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (170,672 ) (161,176 )
SHAREHOLDERS' FUNDS (170,572 ) (161,076 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

DIGBY STAMFORD PUB GROUP LIMITED (REGISTERED NUMBER: 09949023)

BALANCE SHEET - continued
31 JANUARY 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 July 2022 and were signed by:





Mr S Alcock - Director


DIGBY STAMFORD PUB GROUP LIMITED (REGISTERED NUMBER: 09949023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022


1. STATUTORY INFORMATION

Digby Stamford Pub Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

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.

DIGBY STAMFORD PUB GROUP LIMITED (REGISTERED NUMBER: 09949023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 the shorter.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
At 31 January 2022, the company had net current liabilities of £155,421 (2021: £138,982). The company is dependent on the continual support of the Directors and other creditors. Given the continuance of this support, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

Grant income
Grant income relating to revenue is recognised on an accruals basis. Income is recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognised in income in the period in which it becomes receivable

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2021
and 31 January 2022 75,000
AMORTISATION
At 1 February 2021 72,500
Charge for year 2,500
At 31 January 2022 75,000
NET BOOK VALUE
At 31 January 2022 -
At 31 January 2021 2,500

DIGBY STAMFORD PUB GROUP LIMITED (REGISTERED NUMBER: 09949023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2021 49,455
Additions 2,422
At 31 January 2022 51,877
DEPRECIATION
At 1 February 2021 32,382
Charge for year 4,599
At 31 January 2022 36,981
NET BOOK VALUE
At 31 January 2022 14,896
At 31 January 2021 17,073

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2021
and 31 January 2022 23,300
DEPRECIATION
At 1 February 2021
and 31 January 2022 9,466
NET BOOK VALUE
At 31 January 2022 13,834
At 31 January 2021 13,834

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 17,659 15,349

DIGBY STAMFORD PUB GROUP LIMITED (REGISTERED NUMBER: 09949023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 12,500 8,333
Taxation and social security 3,530 386
Other creditors 183,610 185,779
199,640 194,498

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 30,047 41,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Alcock.