DHBEERS LTD SC608859 false 2020-12-01 2021-11-30 2021-11-30 The principal activity of the company is Manufacture of beer Digita Accounts Production Advanced 6.30.9574.0 true SC608859 2020-12-01 2021-11-30 SC608859 2021-11-30 SC608859 core:RetainedEarningsAccumulatedLosses 2021-11-30 SC608859 core:ShareCapital 2021-11-30 SC608859 core:CurrentFinancialInstruments 2021-11-30 SC608859 core:CurrentFinancialInstruments core:WithinOneYear 2021-11-30 SC608859 core:FurnitureFittingsToolsEquipment 2021-11-30 SC608859 core:MotorVehicles 2021-11-30 SC608859 bus:SmallEntities 2020-12-01 2021-11-30 SC608859 bus:AuditExemptWithAccountantsReport 2020-12-01 2021-11-30 SC608859 bus:FullAccounts 2020-12-01 2021-11-30 SC608859 bus:SmallCompaniesRegimeForAccounts 2020-12-01 2021-11-30 SC608859 bus:RegisteredOffice 2020-12-01 2021-11-30 SC608859 bus:Director1 2020-12-01 2021-11-30 SC608859 bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 SC608859 core:FurnitureFittingsToolsEquipment 2020-12-01 2021-11-30 SC608859 core:MotorVehicles 2020-12-01 2021-11-30 SC608859 core:PlantMachinery 2020-12-01 2021-11-30 SC608859 countries:Scotland 2020-12-01 2021-11-30 SC608859 2020-11-30 SC608859 core:FurnitureFittingsToolsEquipment 2020-11-30 SC608859 core:MotorVehicles 2020-11-30 SC608859 2019-12-01 2020-11-30 SC608859 2020-11-30 SC608859 core:RetainedEarningsAccumulatedLosses 2020-11-30 SC608859 core:ShareCapital 2020-11-30 SC608859 core:CurrentFinancialInstruments 2020-11-30 SC608859 core:CurrentFinancialInstruments core:WithinOneYear 2020-11-30 SC608859 core:FurnitureFittingsToolsEquipment 2020-11-30 SC608859 core:MotorVehicles 2020-11-30 iso4217:GBP xbrli:pure

Registration number: SC608859

DHBEERS LTD

Unaudited Financial Statements

for the Year Ended 30 November 2021

 

DHBEERS LTD

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

DHBEERS LTD

(Registration number: SC608859)
Statement of Financial Position as at 30 November 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

5

44,343

50,177

Current assets

 

Stocks

6

3,538

3,500

Debtors

7

12,049

197

Cash at bank and in hand

 

4,867

9,001

 

20,454

12,698

Creditors: Amounts falling due within one year

8

(81,672)

(77,439)

Net current liabilities

 

(61,218)

(64,741)

Net liabilities

 

(16,875)

(14,564)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(16,975)

(14,664)

Shareholders' deficit

 

(16,875)

(14,564)

For the financial year ending 30 November 2021 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 Income Statement has been taken.

Approved and authorised by the director on 31 August 2022
 

.........................................
Mr Dominic Hughes
Director

 

DHBEERS LTD

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

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Old Mill
Kellas
Dundee
Angus
DD5 3PD
United Kingdom

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.

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.

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.

 

DHBEERS LTD

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

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

Plant & Machinery

15% Reducing balance

Motor Vehicle

25% Reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

 

DHBEERS LTD

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

4

Loss before tax

Arrived at after charging/(crediting)

2021
£

2020
£

Depreciation expense

8,245

9,362

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2020

60,726

8,817

69,543

Additions

2,411

-

2,411

At 30 November 2021

63,137

8,817

71,954

Depreciation

At 1 December 2020

15,922

3,444

19,366

Charge for the year

6,902

1,343

8,245

At 30 November 2021

22,824

4,787

27,611

Carrying amount

At 30 November 2021

40,313

4,030

44,343

At 30 November 2020

44,804

5,373

50,177

6

Stocks

2021
£

2020
£

Other inventories

3,538

3,500

7

Debtors

2021
£

2020
£

Trade debtors

11,613

-

Prepayments

436

82

Other debtors

-

115

12,049

197

 

DHBEERS LTD

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

8

Creditors

Creditors: amounts falling due within one year

2021
£

2020
£

Due within one year

Taxation and social security

558

-

Other creditors

81,114

77,439

81,672

77,439