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REGISTERED NUMBER: 08426690 (England and Wales)















D W INNS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






D W INNS LIMITED (REGISTERED NUMBER: 08426690)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


D W INNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: W A Logsdon
D Monks





REGISTERED OFFICE: The Horseshoe Inn
1 Smithy Lane
Croft
Warrington
Cheshire
WA3 7HQ





REGISTERED NUMBER: 08426690 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN

D W INNS LIMITED (REGISTERED NUMBER: 08426690)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 6,566 7,846
6,566 7,846

CURRENT ASSETS
Inventories 3,950 4,235
Debtors 6 15,188 17,856
Cash at bank and in hand 77,612 107,031
96,750 129,122
CREDITORS
Amounts falling due within one year 7 (98,126 ) (92,118 )
NET CURRENT (LIABILITIES)/ASSETS (1,376 ) 37,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,190

44,850

CREDITORS
Amounts falling due after more than one
year

8

(22,435

)

(32,387

)

PROVISIONS FOR LIABILITIES (1,248 ) (1,491 )
NET (LIABILITIES)/ASSETS (18,493 ) 10,972

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (18,593 ) 10,872
(18,493 ) 10,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

D W INNS LIMITED (REGISTERED NUMBER: 08426690)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





D Monks - Director


D W INNS LIMITED (REGISTERED NUMBER: 08426690)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

D W Inns Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08426690 and the registered address is The Horseshoe Inn, 1 Smithy Lane, Croft, Warrington, Cheshire, WA3 7HQ.

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.

Going concern
Whilst the future remains uncertain for the hospitality sector as a whole, the directors, having considered available cash resources and taken account of customer goodwill, remain confident that the company is a going concern. Accordingly, the accounts have been prepared on the going concern basis.

Significant judgements and estimates
There are currently no significant judgements and estimates applied by the directors which are considered key to the preparation of the financial statements.

Revenue
Revenue represents amounts receivable for food and drink sold prior to the financial position date, net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014 has been fully amortised.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.3% on cost, 20% on cost and 10% on cost

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Government grants
Grants are accounted for under the accruals model as permitted by FRS 102.

During the prior year the company has benefitted from the Government Coronavirus Job Retention Scheme ('Furlough'). Furlough income was recognised in "other income" in the same period as the related wage costs.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Net realisable value is estimated selling price less costs to complete and sell.

Cost includes any expenditure incurred in bringing the inventory to its present location and condition. The cost comprises of actual purchase price.

D W INNS LIMITED (REGISTERED NUMBER: 08426690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 30 ) .

D W INNS LIMITED (REGISTERED NUMBER: 08426690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 39,000
AMORTISATION
At 1 April 2022
and 31 March 2023 39,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022 85,605
Additions 1,882
At 31 March 2023 87,487
DEPRECIATION
At 1 April 2022 77,759
Charge for year 3,162
At 31 March 2023 80,921
NET BOOK VALUE
At 31 March 2023 6,566
At 31 March 2022 7,846

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,418 4,702
Other debtors 13,770 13,154
15,188 17,856

D W INNS LIMITED (REGISTERED NUMBER: 08426690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,952 9,707
Trade creditors 27,689 56,991
Taxation and social security 22,348 22,810
Other creditors 38,137 2,610
98,126 92,118

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,435 32,387