Registered number
12521266
DGB Bars Liverpool Ltd
Filleted Accounts
31 March 2025
DGB Bars Liverpool Ltd
Registered number: 12521266
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 344,741 329,131
Current assets
Stocks 273,774 132,925
Debtors 4 1,424,359 930,666
Cash at bank and in hand 353,744 303,251
2,051,877 1,366,842
Creditors: amounts falling due within one year 5 (2,396,409) (1,778,123)
Net current assets (344,532) (411,281)
Net (liabilities)/assets 209 (82,150)
Capital and reserves
Called up share capital 100 100
Profit and loss account 109 (82,250)
Shareholder's funds 209 (82,150)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Paul Senior
Director
Approved by the board on 29 May 2025
DGB Bars Liverpool Ltd
Notes to the Accounts
for the year ended 31 March 2025
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:
Fixtures, fittings, tools and equipment over 5 years
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.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 122 112
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 578,250
Additions 131,260
At 31 March 2025 709,510
Depreciation
At 1 April 2024 249,119
Charge for the year 115,650
At 31 March 2025 364,769
Net book value
At 31 March 2025 344,741
At 31 March 2024 329,131
4 Debtors 2025 2024
£ £
Trade debtors and prepayments 514,260 1,293
Other debtors 910,099 929,373
1,424,359 930,666
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 540,233 443,806
Trade creditors and accruals 963,315 626,404
Taxation and social security costs 852,861 707,913
Other creditors 40,000 -
2,396,409 1,778,123
6 Other information
DGB Bars Liverpool Ltd is a private company limited by shares and incorporated in England. Its registered office is:
C/O P1 Accounting Services Ltd
C11 Tweedale Industrial Estate
Madeley
Telford
TF7 4JR
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