Registered number
10637578
Dorri Ltd
Filleted Accounts
28 February 2023
Dorri Ltd
Registered number: 10637578
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 92,737 58,356
Current assets
Stocks 5,003 41,800
Debtors 4 238,429 166,346
Cash at bank and in hand 9,557 104,641
252,989 312,787
Creditors: amounts falling due within one year 5 (122,277) (42,370)
Net current assets 130,712 270,417
Total assets less current liabilities 223,449 328,773
Creditors: amounts falling due after more than one year 6 (186,978) (324,274)
Net assets 36,471 4,499
Capital and reserves
Called up share capital 100 100
Profit and loss account 36,371 4,399
Shareholder's funds 36,471 4,499
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Amirhossein Khosravani Pajouh
Director
Approved by the board on 1 August 2023
Dorri Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% on written down value
Plant and machinery 20% on written down value
Fixtures, fittings, tools and equipment 15% on written down value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 9
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 37,848 65,975 103,823
Additions 41,660 17,140 58,800
At 28 February 2023 79,508 83,115 162,623
Depreciation
At 1 March 2022 14,338 31,129 45,467
Charge for the year 11,423 12,996 24,419
At 28 February 2023 25,761 44,125 69,886
Net book value
At 28 February 2023 53,747 38,990 92,737
At 28 February 2022 23,510 34,846 58,356
4 Debtors 2023 2022
£ £
Latinofood Ltd 10,430 -
Elgin Market Ltd 222,368 139,969
Trade debtors 641 21,897
Other debtors 4,990 4,480
238,429 166,346
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 33,656 -
Trade creditors 95,961 28,875
Pensions 32 139
Net wages 6,702 11,292
Taxation and social security costs (13,616) 2,243
Other creditors (458) (179)
122,277 42,370
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 35,069 48,195
Fundin Circle Loan 70,348 119,000
Amazon Loan 81,561 157,079
186,978 324,274
7 Other information
Dorri Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit C Building B (First Floor)
Wembley Commercial Centre
East Lane, London
HA9 7UR
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