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Registration number: 04551986

D of E Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

D of E Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

D of E Limited

(Registration number: 04551986)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

85,986

84,004

Current assets

 

Stocks

6

2,500

2,500

Debtors

7

130,393

62,249

Cash at bank and in hand

 

50,988

101,280

 

183,881

166,029

Creditors: Amounts falling due within one year

8

(190,137)

(109,367)

Net current (liabilities)/assets

 

(6,256)

56,662

Total assets less current liabilities

 

79,730

140,666

Creditors: Amounts falling due after more than one year

8

(78,955)

(116,433)

Net assets

 

775

24,233

Capital and reserves

 

Called up share capital

100

100

Retained earnings

675

24,133

Shareholders' funds

 

775

24,233

 

D of E Limited

(Registration number: 04551986)
Balance Sheet as at 31 October 2023

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 July 2024
 

.........................................
Mr N P Tilt
Director

 

D of E Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of food and drink to customers. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% of net book value

Office equipment

20% of net book value

 

D of E Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

D of E Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

3

Taxation

2023

2022

£

£

Corporation tax

2,728

15,099

2,728

15,099

4

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2022 - 16).

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 November 2022

15,268

59,033

54,876

4,317

Additions

-

1,053

3,406

441

At 31 October 2023

15,268

60,086

58,282

4,758

Depreciation

At 1 November 2022

-

-

47,197

2,293

Charge for the year

-

-

2,442

476

At 31 October 2023

-

-

49,639

2,769

Carrying amount

At 31 October 2023

15,268

60,086

8,643

1,989

At 31 October 2022

15,268

59,033

7,679

2,024

 

D of E Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Total
£

Cost or valuation

At 1 November 2022

133,494

Additions

4,900

At 31 October 2023

138,394

Depreciation

At 1 November 2022

49,490

Charge for the year

2,918

At 31 October 2023

52,408

Carrying amount

At 31 October 2023

85,986

At 31 October 2022

84,004

Included within the net book value of land and buildings above is £15,268 (2022 - £15,268) in respect of freehold land and buildings.
 

6

Stocks

2023
£

2022
£

Other inventories

2,500

2,500

7

Debtors

Current

2023
£

2022
£

Other debtors

130,393

62,249

 

D of E Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

137,391

40,200

Trade creditors

31,626

31,401

Taxation and social security

17,380

34,066

Other creditors

3,740

3,700

190,137

109,367

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

78,955

116,433

9

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

137,391

40,200

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

78,955

116,433

 

D of E Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

10

Related party transactions

Transactions with the director

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

At 31 October 2023
£

Mr N P Tilt

56,289

119,415

(51,400)

124,304

         
       

 

2022

At 1 November 2021
£

Advances to director
£

Repayments by director
£

At 31 October 2022
£

Mr N P Tilt

30,812

106,325

(80,849)

56,289