Company Registration No. NI659265 (Northern Ireland)
DOCE Retail Limited
Unaudited accounts
for the year ended 31 December 2024
DOCE Retail Limited
Statement of financial position
as at 31 December 2024
Tangible assets
176,213
217,052
Cash at bank and in hand
1,746
2,915
Creditors: amounts falling due within one year
(330,001)
(373,476)
Net current liabilities
(258,521)
(345,514)
Total assets less current liabilities
(82,308)
(128,462)
Creditors: amounts falling due after more than one year
(143,163)
(204,352)
Net liabilities
(225,471)
(332,814)
Called up share capital
2
2
Profit and loss account
(225,473)
(332,816)
Shareholders' funds
(225,471)
(332,814)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Donagh McGoveran
Director
Company Registration No. NI659265
DOCE Retail Limited
Notes to the Accounts
for the year ended 31 December 2024
DOCE Retail Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI659265. The registered office is T/A Centra River House , 48 High Street, Belfast, Co. Antrim, BT1 2BE, Northern Ireland .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors of DOCE Retail Limited believe that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least twelve months from the date of signing. Accordingly, DOCE Retail Limited continues to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% Straight Line
Fixtures & fittings
15% Straight Line
Computer equipment
15% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover us recognised to the extent that it is probable that the economic benefits will flow to the company and revenue can be measured reliably. Revenue from the sale of food, drink and other items are recognised when all the following conditions are satisfied:
-the Company has transferred to buyer the significant risks and rewards of ownership of the goods;
-the amount of revenue can be measured reliably;
-it is probable that the economic benefits associated with the transaction will flow to
the Company; and
-the costs incurred or to the incurred in respect of the transition can be measured
reliably.
DOCE Retail Limited
Notes to the Accounts
for the year ended 31 December 2024
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
166,260
236,583
1,195
404,038
At 31 December 2024
166,260
239,790
1,195
407,245
At 1 January 2024
37,306
148,941
739
186,986
Charge for the year
8,313
35,554
179
44,046
At 31 December 2024
45,619
184,495
918
231,032
At 31 December 2024
120,641
55,295
277
176,213
At 31 December 2023
128,954
87,642
456
217,052
Finished goods
40,608
21,435
Amounts falling due within one year
Accrued income and prepayments
842
2,082
Other debtors
28,284
1,530
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
63,335
77,609
Trade creditors
74,692
70,599
Taxes and social security
6,275
4,020
Other creditors
100,531
153,066
Deferred income
21,802
21,802
DOCE Retail Limited
Notes to the Accounts
for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Deferred income
78,213
100,015
Bank loan secured as follows:
Fixed and floating charge over the property and undertaking of the company.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Transactions with related parties
Included in other debtors are amounts due from related party entities of £27,274 (2023: £Nil).
Included in other creditors are amounts due to related party entities of £100,531 (2023: £152,957).
All amounts are unsecured and repayable on demand.
11
Average number of employees
During the year the average number of employees was 22 (2023: 15).