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Registered number: 11460011
D&b Booze Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Trilogy Accountancy Services
Trilogy Suite
9 Church Street
Wednesfield Wolverhampton
West Midlands
WV11 1SR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11460011
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 22,500 24,000
Tangible Assets 5 4,284 6,762
26,784 30,762
CURRENT ASSETS
Stocks 6 38,500 45,000
Cash at bank and in hand 2,913 822
41,413 45,822
Creditors: Amounts Falling Due Within One Year 7 (94,890 ) (96,432 )
NET CURRENT ASSETS (LIABILITIES) (53,477 ) (50,610 )
TOTAL ASSETS LESS CURRENT LIABILITIES (26,693 ) (19,848 )
NET LIABILITIES (26,693 ) (19,848 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account (27,693 ) (20,848 )
SHAREHOLDERS' FUNDS (26,693) (19,848)
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Karun Sandhu
Director
10/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
D&b Booze Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11460011 . The registered office is 9 Chruch Street, Wednesfield , Wolverhampton, WV11 1SR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 30,000
As at 31 July 2023 30,000
Amortisation
As at 1 August 2022 6,000
Provided during the period 1,500
As at 31 July 2023 7,500
...CONTINUED
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Page 4
Net Book Value
As at 31 July 2023 22,500
As at 1 August 2022 24,000
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2022 16,517
As at 31 July 2023 16,517
Depreciation
As at 1 August 2022 9,755
Provided during the period 2,478
As at 31 July 2023 12,233
Net Book Value
As at 31 July 2023 4,284
As at 1 August 2022 6,762
6. Stocks
2023 2022
£ £
Stock 38,500 45,000
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) 1,121
Bank loans and overdrafts 33,409 42,964
Other creditors 58,127 49,098
Taxation and social security 3,355 3,249
94,890 96,432
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4