Dino (Nottingham) Limited Company accounts

DINO (NOTTINGHAM) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10028534

Dino (Nottingham) Limited

Unaudited Financial Statements

For the year ended

31 July 2018

Dino (Nottingham) Limited

Financial Statements

Year ended 31 July 2018

Contents	Page

Officers and professional advisers	1

Directors' report	2

Income statement	3

Statement of financial position	4

Notes to the financial statements	5

The following pages do not form part of the financial statements

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	9

Dino (Nottingham) Limited

Officers and Professional Advisers

The board of directors	Mr L Alonso
	Mr S Leong

Registered office	550 Valley Road
	Basford
	Nottingham
	NG5 1JJ

Accountants	Swandec
	Chartered Accountants
	550 Valley Road
	Basford
	Nottingham
	NG5 1JJ

Bankers	Santander UK plc
	Bridle Road
	Bootle
	Merseyside
	L30 4GB

Dino (Nottingham) Limited

Directors' Report

Year ended 31 July 2018

The directors present their report and the unaudited financial statements of the company for the year ended 31 July 2018 .

Directors

The directors who served the company during the year were as follows:

Mr L Alonso
Mr S Leong

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 29 April 2019 and signed on behalf of the board by:

Mr L Alonso

Director

Dino (Nottingham) Limited

Income Statement

Year ended 31 July 2018

	2018	2017
Note	£	£
Turnover	262,379	371,014

Cost of sales	129,559	198,084
	---------	---------
Gross profit	132,820	172,930

Administrative expenses	137,358	169,643
	---------	---------
Operating (loss)/profit	( 4,538)	3,287

Interest payable and similar expenses		2,174	2,320
		---------	---------
(Loss)/profit before taxation	4	( 6,712)	967

Tax on (loss)/profit	–	–
	-------	----
(Loss)/profit for the financial year	( 6,712)	967
	-------	----

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Dino (Nottingham) Limited

Statement of Financial Position

31 July 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	5		5,686	6,888

Current assets

Stocks		4,021	3,801
Debtors	6	2,361	4,108
Cash at bank and in hand		8,762	10,672
		--------	--------
		15,144	18,581

Creditors: amounts falling due within one year	7	26,495		24,422
		--------		--------
Net current liabilities			11,351	5,841
			--------	-------
Total assets less current liabilities			( 5,665)	1,047
			-------	-------

Capital and reserves

Called up share capital	8	80	80
Profit and loss account		( 5,745)	967
		-------	-------
Shareholders (deficit)/funds		( 5,665)	1,047
		-------	-------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 July 2018 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 April 2019 , and are signed on behalf of the board by:

Mr L Alonso

Director

Company registration number: 10028534

Dino (Nottingham) Limited

Notes to the Financial Statements

Year ended 31 July 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 550 Valley Road, Basford, Nottingham, NG5 1JJ.

2. Accounting policies

Basis of preparation

At 31st July 2018 the company had net liabilities of £5,665. The company is reliant on the continued support of the director. The director has confirmed his intention to support the company On the above basis, the director considers that the accounts should be prepared on a going concern basis.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced for work carried out during the year, exclusive of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Equipment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 24 (2017: 15 ).

4. Profit before taxation

Profit before taxation is stated after charging:

	2018	2017
	£	£
Depreciation of tangible assets	1,897	2,296
	-------	-------

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 August 2017	12,174	18,729	528	31,431
Additions	–	695	–	695
	--------	--------	----	--------
At 31 July 2018	12,174	19,424	528	32,126
	--------	--------	----	--------
Depreciation
At 1 August 2017	9,528	14,686	329	24,543
Charge for the year	662	1,185	50	1,897
	--------	--------	----	--------
At 31 July 2018	10,190	15,871	379	26,440
	--------	--------	----	--------
Carrying amount
At 31 July 2018	1,984	3,553	149	5,686
	--------	--------	----	--------
At 31 July 2017	2,646	4,043	199	6,888
	--------	--------	----	--------

6. Debtors

	2018	2017
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,361	4,108
	-------	-------

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	5,004	5,004
Social security and other taxes	12,041	9,968
Other creditors	9,450	9,450
	--------	--------
	26,495	24,422
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	2018		2017
	No.	£	No.	£
Ordinary shares of £ 1 each	80	80.00	80	80.00
	----	-------	----	-------

9. Directors' advances, credits and guarantees

At the statement of financial position date the balance owing to the directors totalled £9,450 (2017: £9,450). The directors loans are unsecured, interest free and repayable on demand.

Dino (Nottingham) Limited

Management Information

Year ended 31 July 2018

The following pages do not form part of the financial statements.

Dino (Nottingham) Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Dino (Nottingham) Limited

Year ended 31 July 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dino (Nottingham) Limited for the year ended 31 July 2018, which comprise the income statement, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Dino (Nottingham) Limited, as a body, in accordance with the terms of our engagement letter dated 18 April 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Dino (Nottingham) Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dino (Nottingham) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dino (Nottingham) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Dino (Nottingham) Limited. You consider that Dino (Nottingham) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Dino (Nottingham) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Swandec Chartered Accountants

550 Valley Road Basford Nottingham NG5 1JJ

29 April 2019