Company Registration No. 08081122 (England and Wales)
DIL AND THE BEAR LIMITED
Unaudited accounts
for the year ended 31 July 2023
DIL AND THE BEAR LIMITED
Unaudited accounts
Contents
DIL AND THE BEAR LIMITED
Company Information
for the year ended 31 July 2023
Directors
Dilaila GALBRAITH
Graeme Clarke
Company Number
08081122 (England and Wales)
Registered Office
18 FRONT STREET
TYNEMOUTH
NORTH SHIELDS
NE30 4DX
UNITED KINGDOM
Accountants
Dockwray Ltd
100 Howard Street
North Shields
NE30 1NA
DIL AND THE BEAR LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
95,669
110,621
Cash at bank and in hand
23,412
71,954
Creditors: amounts falling due within one year
(54,759)
(62,326)
Net current (liabilities)/assets
(15,537)
8,843
Total assets less current liabilities
80,132
119,464
Creditors: amounts falling due after more than one year
(130,053)
(167,213)
Net liabilities
(49,921)
(47,749)
Called up share capital
100
100
Profit and loss account
(50,021)
(47,849)
Shareholders' funds
(49,921)
(47,749)
For the year ending 31 July 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.
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 23 May 2024 and were signed on its behalf by
Dilaila GALBRAITH
Director
Company Registration No. 08081122
DIL AND THE BEAR LIMITED
Notes to the Accounts
for the year ended 31 July 2023
DIL AND THE BEAR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08081122. The registered office is 18 FRONT STREET, TYNEMOUTH, NORTH SHIELDS, NE30 4DX, UNITED KINGDOM.
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.
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.
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Computer equipment
25% straight line
Other tangible fixed assets
Leasehold improvements 4%
The financial statements have been prepared on the going concern basis.In choosing this basis, the director has assessed the impact of Covid-19 and the financial assistance received.
Covid-19 support
During the year the company received Covid-19 support in the form of Local Authority Grants and HM Revenue & Customs CJRS Grants. Covid-19 support grants are recognised at the fair value of the grant receivable using the accrual model. Under the accrual model, the grant shall be recognised as income on a systematic basis over the period in which the entity recognises the costs for which the grant is intended to compensate.
DIL AND THE BEAR LIMITED
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2022
169,850
1,900
15,156
2,731
189,637
Additions
3,856
-
-
-
3,856
Disposals
-
(395)
-
-
(395)
At 31 July 2023
173,706
1,505
15,156
2,731
193,098
At 1 August 2022
70,723
1,505
4,877
1,911
79,016
Charge for the year
17,387
-
606
420
18,413
At 31 July 2023
88,110
1,505
5,483
2,331
97,429
At 31 July 2023
85,596
-
9,673
400
95,669
At 31 July 2022
99,127
395
10,279
820
110,621
Amounts falling due within one year
Accrued income and prepayments
10,810
(785)
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
16,068
11,422
Taxes and social security
3,479
(8,773)
Loans from directors
13,642
33,642
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
96,913
123,425
8
Average number of employees
During the year the average number of employees was 20 (2022: 20).