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REGISTERED NUMBER: SC555679 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

D & B Retail Limited

D & B Retail Limited (Registered number: SC555679)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


D & B Retail Limited (Registered number: SC555679)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 37,500 50,000
Tangible assets 5 32,811 32,419
70,311 82,419

CURRENT ASSETS
Stocks 29,180 28,369
Debtors 6 109,352 93,809
Cash at bank and in hand 85,847 58,815
224,379 180,993
CREDITORS
Amounts falling due within one year 7 (143,986 ) (113,401 )
NET CURRENT ASSETS 80,393 67,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,704

150,011

CREDITORS
Amounts falling due after more than one
year

8

(13,333

)

(24,690

)

PROVISIONS FOR LIABILITIES (3,674 ) (2,092 )
NET ASSETS 133,697 123,229

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 33,697 23,229
133,697 123,229

D & B Retail Limited (Registered number: SC555679)

Balance Sheet - continued
31 January 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





Mr B W J Wales - Director


D & B Retail Limited (Registered number: SC555679)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

D & B Retail Limited is a private company, limited by shares, domiciled in Scotland, registration number SC555679. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, Scotland, FK3 8WX.

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.

Turnover
Turnover represents net invoiced sales of goods in respect of trading as a convenience store retailer, excluding value added tax. Sales are recognised at the point at which the goods are delivered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

D & B Retail Limited (Registered number: SC555679)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 125,000
AMORTISATION
At 1 February 2023 75,000
Charge for year 12,500
At 31 January 2024 87,500
NET BOOK VALUE
At 31 January 2024 37,500
At 31 January 2023 50,000

D & B Retail Limited (Registered number: SC555679)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 96,776
Additions 7,784
At 31 January 2024 104,560
DEPRECIATION
At 1 February 2023 64,357
Charge for year 7,392
At 31 January 2024 71,749
NET BOOK VALUE
At 31 January 2024 32,811
At 31 January 2023 32,419

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 8,144
DEPRECIATION
At 1 February 2023 4,183
Charge for year 792
At 31 January 2024 4,975
NET BOOK VALUE
At 31 January 2024 3,169
At 31 January 2023 3,961

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts owed by related parties 106,404 91,546
Other debtors 2,948 2,263
109,352 93,809

D & B Retail Limited (Registered number: SC555679)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Finance leases 1,498 1,629
Trade creditors 74,511 67,843
Taxation and social security 52,747 29,541
Other creditors 15,230 14,388
143,986 113,401

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Finance leases - 1,357
Other creditors 13,333 23,333
13,333 24,690

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Finance leases 1,498 2,986

Assets held under Finance Lease agreements are secured upon the assets to which they relate.

10. RELATED PARTY DISCLOSURES

D & B Retail Limited is due a balance of £106,404 (2023: £91,546), at 31 January 2024, from Maddiston Retail Ltd, a company with common directors and shareholders.