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Registration number: 11837433

Dough Bites One Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Dough Bites One Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Dough Bites One Limited

Company Information

Directors

Mr D Jaiswal

Mr R Engledow

Registered office

21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

Accountants

Rotherham Taylor Limited
21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

 

Dough Bites One Limited

(Registration number: 11837433)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

123,095

138,431

Current assets

 

Stocks

5

4,601

3,550

Debtors

6

1,597

144,615

Cash at bank and in hand

 

17,046

110,317

 

23,244

258,482

Creditors: Amounts falling due within one year

7

(126,536)

(347,155)

Net current liabilities

 

(103,292)

(88,673)

Total assets less current liabilities

 

19,803

49,758

Creditors: Amounts falling due after more than one year

7

(13,333)

(23,333)

Provisions for liabilities

(10,095)

(11,934)

Net (liabilities)/assets

 

(3,625)

14,491

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

(4,625)

13,491

Shareholders' (deficit)/funds

 

(3,625)

14,491

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Dough Bites One Limited

(Registration number: 11837433)
Balance Sheet as at 29 February 2024

Approved and authorised by the Board on 25 November 2024 and signed on its behalf by:
 

.........................................
Mr D Jaiswal
Director

   
     
 

Dough Bites One Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

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:
21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Grants are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Dough Bites One Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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

Leasehold improvements

straight line over the term of the lease

Fixtures and fittings

10% on cost

Kitchen equipment

10% on cost

Computer equipment

33% on cost

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.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stock represents cost of consumables. At each reporting date stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its realisable value; the impairment loss is recognised immediately in profit or loss.

 

Dough Bites One Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

Dough Bites One Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 22 (2023 - 26).

 

Dough Bites One Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Leasehold improvements
£

Fixtures and fittings
£

Kitchen equipment
£

Computer equipment
£

Total
£

Cost or valuation

At 1 March 2023

103,135

35,679

60,308

924

200,046

Additions

-

-

3,889

350

4,239

Disposals

-

-

(3,443)

-

(3,443)

At 29 February 2024

103,135

35,679

60,754

1,274

200,842

Depreciation

At 1 March 2023

27,470

12,769

20,693

683

61,615

Charge for the year

6,876

3,567

6,076

302

16,821

Eliminated on disposal

-

-

(689)

-

(689)

At 29 February 2024

34,346

16,336

26,080

985

77,747

Carrying amount

At 29 February 2024

68,789

19,343

34,674

289

123,095

At 28 February 2023

75,665

22,910

39,615

241

138,431

 

Dough Bites One Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

5

Stocks

2024
£

2023
£

Consumables

4,601

3,550

6

Debtors

2024
£

2023
£

Trade debtors

1,597

4,661

Amounts owed by group undertakings

-

139,954

 

1,597

144,615

 

Dough Bites One Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

10,000

10,000

Trade creditors

 

13,983

16,228

Amounts owed to group undertakings

41,843

264,768

Taxation and social security

 

32,339

32,242

Accruals and deferred income

 

4,071

804

Other creditors

 

24,300

23,113

 

126,536

347,155

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

13,333

23,333

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Other borrowings

13,333

23,333

2024
£

2023
£

Current loans and borrowings

Other borrowings

10,000

10,000

 

Dough Bites One Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £93,125 (2023 - £129,750).