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Company Registration No. 03342263 (England and Wales)
Dutton Cuisine Limited unaudited Filleted accounts for the year ended 30 April 2023
Dutton Cuisine Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
9,833 
Tangible assets
1,634,422 
1,663,242 
Investments
87,000 
87,000 
1,721,422 
1,760,075 
Current assets
Inventories
35,000 
- 
Debtors
527,889 
397,827 
Cash at bank and in hand
40,854 
576,717 
603,743 
974,544 
Creditors: amounts falling due within one year
(337,625)
(339,398)
Net current assets
266,118 
635,146 
Total assets less current liabilities
1,987,540 
2,395,221 
Creditors: amounts falling due after more than one year
(239,774)
(378,652)
Provisions for liabilities
Deferred tax
(28,839)
(29,434)
Net assets
1,718,927 
1,987,135 
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Dutton Cuisine Limited Statement of financial position as at 30 April 2023 (continued)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,718,827 
1,987,035 
Shareholders' funds
1,718,927 
1,987,135 
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2023 and were signed on its behalf by
Mr I Dutton Director Company Registration No. 03342263
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Dutton Cuisine Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Dutton Cuisine Limited is a private company, limited by shares, registered in England and Wales, registration number 03342263. The registered office is Acme House, Main Road, Windermere, Cumbria, LA23 1DY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation has been provided at the following rates in order to write off the assets over their estimated useful lives: Goodwill - 20% straight line
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. The freehold property residual value is at least equal to the net book value. For that reason the directors consider the asset should not be depreciated and instead annually reviewed for impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Dutton Cuisine Limited Notes to the Accounts for the year ended 30 April 2023
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is a reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions, it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
Investments
Investments are included at cost.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 May 2022
590,000 
At 30 April 2023
590,000 
Amortisation
At 1 May 2022
580,167 
Charge for the year
9,833 
At 30 April 2023
590,000 
Net book value
At 30 April 2023
- 
At 30 April 2022
9,833 
- 5 -
Dutton Cuisine Limited Notes to the Accounts for the year ended 30 April 2023
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2022
1,955,682 
Additions
13,806 
At 30 April 2023
1,969,488 
Depreciation
At 1 May 2022
292,440 
Charge for the year
42,626 
At 30 April 2023
335,066 
Net book value
At 30 April 2023
1,634,422 
At 30 April 2022
1,663,242 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
26,856 
26,856 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
75 'A' Ordinary shares of £1 each
75 
75 
25 'B' Ordinary shares of £1 each
25 
25 
100 
100 
7
Transactions with related parties
By virtue of common shareholdings, The Worx (Lakes) Limited is a related party. At the balance sheet date, included within other debtors, is an amount of £152,475 (2022 - £156,527) due from the related party. There are no conditions attached to the loan which is interest free and has no fixed terms of repayment.
8
Average number of employees
During the year the average number of employees was 17 (2022: 33).
- 6 -