DELICACY BAR LTD |
Notes to the Accounts |
for the year ended 31 March 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Tangible fixed assets |
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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: |
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Stocks |
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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. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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3 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 April 2022 |
1,524 |
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Additions |
1,542 |
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At 31 March 2023 |
3,066 |
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Depreciation |
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At 1 April 2022 |
542 |
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Charge for the year |
505 |
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At 31 March 2023 |
1,047 |
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Net book value |
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At 31 March 2023 |
2,019 |
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At 31 March 2022 |
982 |
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4 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Trade debtors |
- |
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322 |
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5 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Taxation and social security costs |
524 |
|
2,116 |
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Director's loan account |
1,955 |
|
21,684 |
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Other creditors |
4,657 |
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4,001 |
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7,136 |
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27,801 |
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6 |
Other information |
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DELICACY BAR LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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597 Gorton Road |
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Stockport |
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SK5 6NX |