Registered number
06911841
THE DE BEAUVOIR DELI CO. LIMITED
Filleted Accounts
31 March 2024
THE DE BEAUVOIR DELI CO. LIMITED
Registered number: 06911841
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 9,865
Tangible assets 4 165,431 176,070
165,431 185,935
Current assets
Stocks 35,754 38,018
Debtors 5 39,555 47,068
Cash at bank and in hand 419,862 322,655
495,171 407,741
Creditors: amounts falling due within one year 6 (253,789) (201,978)
Net current assets 241,382 205,763
Total assets less current liabilities 406,813 391,698
Provisions for liabilities (41,358) (33,453)
Net assets 365,455 358,245
Capital and reserves
Called up share capital 1 1
Profit and loss account 365,454 358,244
Shareholders' funds 365,455 358,245
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H M Davies
Director
Approved by the board on 18 July 2024
THE DE BEAUVOIR DELI CO. LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
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:
Plant and machinery 15% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 40 40
3 Intangible fixed assets £
Website:
Cost
At 1 April 2023 11,611
Disposals (11,611)
At 31 March 2024 -
Amortisation
At 1 April 2023 1,746
On disposals (1,746)
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 31 March 2023 9,865
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 342,045 13,050 355,095
Additions 35,313 - 35,313
Disposals (18,284) - (18,284)
At 31 March 2024 359,074 13,050 372,124
Depreciation
At 1 April 2023 176,268 2,757 179,025
Charge for the year 37,641 1,957 39,598
On disposals (11,930) - (11,930)
At 31 March 2024 201,979 4,714 206,693
Net book value
At 31 March 2024 157,095 8,336 165,431
At 31 March 2023 165,777 10,293 176,070
5 Debtors 2024 2023
£ £
Trade debtors - 748
Prepayments 16,064 13,550
Other debtors 23,491 32,770
39,555 47,068
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,489 4,665
Trade creditors 121,603 114,545
Corporation tax 42,307 18,512
Wages payable 18,246 (771)
Pension payable 2,664 4,960
Accruals 9,193 21,369
Taxation and social security costs 49,514 38,264
Other creditors (227) 434
253,789 201,978
7 Other information
THE DE BEAUVOIR DELI CO. LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
98 Southgate Road
London
N1 3JD
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