Registered number
08166003
The Dark Blue Pig Limited
Unaudited Filleted Accounts
30 November 2023
The Dark Blue Pig Limited
Registered number: 08166003
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 31,694 51,127
Investments 5 124,269 70
155,963 51,197
Current assets
Stocks 28,000 17,500
Debtors 6 191,923 293,710
Cash at bank and in hand 236,568 335,509
456,491 646,719
Creditors: amounts falling due within one year 7 (233,866) (196,574)
Net current assets 222,625 450,145
Total assets less current liabilities 378,588 501,342
Creditors: amounts falling due after more than one year 8 - (200,844)
Provisions for liabilities (7,923) (12,781)
Net assets 370,665 287,717
Capital and reserves
Called up share capital 100 100
Profit and loss account 370,565 287,617
Shareholders' funds 370,665 287,717
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.
Ms P A Farrow
Director
Approved by the board on 29 July 2024
The Dark Blue Pig Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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 2023 2022
Number Number
Average number of persons employed by the company 34 35
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 18,788
At 30 November 2023 18,788
Amortisation
At 1 December 2022 18,788
At 30 November 2023 18,788
Net book value
At 30 November 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2022 5,527 139,194 60,180 204,901
Additions - 7,997 - 7,997
Disposals - (10,313) - (10,313)
At 30 November 2023 5,527 136,878 60,180 202,585
Depreciation
At 1 December 2022 5,527 89,067 59,180 153,774
Charge for the year - 23,824 1,000 24,824
On disposals - (7,707) - (7,707)
At 30 November 2023 5,527 105,184 60,180 170,891
Net book value
At 30 November 2023 - 31,694 - 31,694
At 30 November 2022 - 50,127 1,000 51,127
5 Investments
Other
investments
£
Cost
At 1 December 2022 70
Additions 124,199
At 30 November 2023 124,269
6 Debtors 2023 2022
£ £
Trade debtors 16,287 22,021
Director's loan account 62,770 50,247
Other debtors 112,866 221,442
191,923 293,710
7 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 20,000
Trade creditors 40,799 46,538
Taxation and social security costs 165,818 117,071
Director's loan account 450 -
Other creditors 26,799 12,965
233,866 196,574
8 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 200,844
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Ms P A Farrow
Interest fee loan 2,137 - (589) 1,548
Mr E Whinney
Interest fee loan 48,110 13,112 - 61,222
50,247 13,112 (589) 62,770
10 Other information
The Dark Blue Pig Limited is a private company limited by shares and incorporated in England. Its registered office is:
The White Rabbit
21 Friars Entry
Oxford
OX1 2BY
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