IRIS Accounts Production v23.3.1.45 SC634270 director 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6342702022-06-30SC6342702023-06-30SC6342702022-07-012023-06-30SC6342702021-06-30SC6342702021-07-012022-06-30SC6342702022-06-30SC634270ns10:Originalns15:Scotland2022-07-012023-06-30SC634270ns14:PoundSterlingns10:Original2022-07-012023-06-30SC634270ns10:Originalns10:Director12022-07-012023-06-30SC634270ns10:Original2022-07-012023-06-30SC634270ns10:Original2023-06-30SC634270ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-30SC634270ns10:Originalns10:SmallEntities2022-07-012023-06-30SC634270ns10:Originalns10:AuditExemptWithAccountantsReport2022-07-012023-06-30SC634270ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-30SC634270ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-30SC634270ns10:Originalns10:FullAccounts2022-07-012023-06-30SC634270ns10:Originalns10:RegisteredOffice2022-07-012023-06-30SC634270ns10:Original2022-06-30SC634270ns10:Originalns5:CurrentFinancialInstruments2023-06-30SC634270ns10:Originalns5:CurrentFinancialInstruments2022-06-30SC634270ns10:Originalns5:Non-currentFinancialInstruments2023-06-30SC634270ns10:Originalns5:Non-currentFinancialInstruments2022-06-30SC634270ns5:ShareCapitalns10:Original2023-06-30SC634270ns5:ShareCapitalns10:Original2022-06-30SC634270ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-30SC634270ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-30SC634270ns10:Originalns5:PlantMachinery2022-07-012023-06-30SC634270ns10:Originalns5:FurnitureFittings2022-07-012023-06-30SC634270ns10:Original2021-07-012022-06-30SC634270ns10:Originalns5:PlantMachinery2022-06-30SC634270ns10:Originalns5:FurnitureFittings2022-06-30SC634270ns10:Original2022-06-30SC634270ns10:Originalns5:PlantMachinery2023-06-30SC634270ns10:Originalns5:FurnitureFittings2023-06-30SC634270ns10:Originalns5:PlantMachinery2022-06-30SC634270ns10:Originalns5:FurnitureFittings2022-06-30SC634270ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30SC634270ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30SC634270ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-30SC634270ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-30SC634270ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-30SC634270ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-30SC634270ns10:Original1ns10:Director12022-06-30SC634270ns10:Original1ns10:Director12021-06-30SC634270ns10:Original1ns10:Director12022-07-012023-06-30SC634270ns10:Original1ns10:Director12021-07-012022-06-30SC634270ns10:Original1ns10:Director12023-06-30SC634270ns10:Original1ns10:Director12022-06-30
REGISTERED NUMBER: SC634270 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

DCM PUBS LTD

DCM PUBS LTD (REGISTERED NUMBER: SC634270)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

DCM PUBS LTD

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: D Murray





REGISTERED OFFICE: 97a High Street
Aberdeen
AB24 3EN





REGISTERED NUMBER: SC634270 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

DCM PUBS LTD (REGISTERED NUMBER: SC634270)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,647 4,880

CURRENT ASSETS
Stocks 5 15,479 21,348
Debtors 6 1,823 18,427
Cash at bank and in hand 1,515 9,475
18,817 49,250
CREDITORS
Amounts falling due within one year 7 53,401 54,052
NET CURRENT LIABILITIES (34,584 ) (4,802 )
TOTAL ASSETS LESS CURRENT LIABILITIES (29,937 ) 78

CREDITORS
Amounts falling due after more than one year 8 25,438 30,000
NET LIABILITIES (55,375 ) (29,922 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (55,376 ) (29,923 )
(55,375 ) (29,922 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 29 March 2024 and were signed by:





D Murray - Director


DCM PUBS LTD (REGISTERED NUMBER: SC634270)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

DCM Pubs Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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
The financial statements have been prepared on a going concern basis which assumes the company will continue trading for a period of no less than 12 months from the date of this report.

The director acknowledges the negative balance sheet position and has given assurance that they will continue to support the company in order for it to meet it's obligations as they fall due by making funds available and not calling on the director's loan account for repayment until the company is in such a position to be able to make repayments.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets which include trade & other debtors, cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers significant risk and reward of ownership to another entity.

Basic financial liabilities
Basic financial liabilities which include trade and other creditors are recognised at transaction price including transaction cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

DCM PUBS LTD (REGISTERED NUMBER: SC634270)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 July 2022 1,225 5,340 6,565
Additions 1,350 - 1,350
At 30 June 2023 2,575 5,340 7,915
DEPRECIATION
At 1 July 2022 121 1,564 1,685
Charge for year 515 1,068 1,583
At 30 June 2023 636 2,632 3,268
NET BOOK VALUE
At 30 June 2023 1,939 2,708 4,647
At 30 June 2022 1,104 3,776 4,880

5. STOCKS
2023 2022
£    £   
Stocks 15,479 21,348

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,823 718
Other debtors - 100
Directors' current accounts - 9,238
Prepayments - 8,371
1,823 18,427

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 22,648 8,011
Social security and other taxes 3,945 1,517
VAT 11,737 29,339
Other creditors 1,200 1,200
Directors' current accounts 1,833 -
Accrued expenses 2,038 3,985
53,401 54,052

DCM PUBS LTD (REGISTERED NUMBER: SC634270)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 15,438 20,000
25,438 30,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
D Murray
Balance outstanding at start of year 9,238 14,717
Amounts repaid (11,072 ) (5,479 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,834 ) 9,238

The above loan is interest free and has no set repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DCM PUBS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DCM Pubs Ltd for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of DCM Pubs Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DCM Pubs Ltd and state those matters that we have agreed to state to the director of DCM Pubs Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that DCM Pubs Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of DCM Pubs Ltd. You consider that DCM Pubs Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DCM Pubs Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


29 March 2024