Dino (Nottingham) Limited Filleted accounts for Companies House (small and micro)

DINO (NOTTINGHAM) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10028534

Dino (Nottingham) Limited

Filleted Unaudited Financial Statements

For the year ended

31 July 2019

Dino (Nottingham) Limited

Financial Statements

Year ended 31 July 2019

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

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

Statement of Financial Position

31 July 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	4		5,169	5,686

Current assets

Stocks		3,872	4,021
Debtors	5	2,361	2,361
Cash at bank and in hand		56,961	8,762
		--------	--------
		63,194	15,144

Creditors: amounts falling due within one year	6	45,275		26,495
		--------		--------
Net current assets/(liabilities)			17,919	( 11,351)
			--------	--------
Total assets less current liabilities			23,088	( 5,665)
			--------	-------

Capital and reserves

Called up share capital	7	80	80
Profit and loss account		23,008	( 5,745)
		--------	-------
Shareholders funds/(deficit)		23,088	( 5,665)
		--------	-------

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 July 2019 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 .

Dino (Nottingham) Limited

Statement of Financial Position (continued)

31 July 2019

These financial statements were approved by the board of directors and authorised for issue on 29 April 2020 , 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 2019

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

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

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 (2018: 24 ).

4. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 August 2018	12,174	19,424	528	32,126
Additions	1,206	–	–	1,206
	--------	--------	----	--------
At 31 July 2019	13,380	19,424	528	33,332
	--------	--------	----	--------
Depreciation
At 1 August 2018	10,190	15,871	379	26,440
Charge for the year	798	888	37	1,723
	--------	--------	----	--------
At 31 July 2019	10,988	16,759	416	28,163
	--------	--------	----	--------
Carrying amount
At 31 July 2019	2,392	2,665	112	5,169
	--------	--------	----	--------
At 31 July 2018	1,984	3,553	149	5,686
	--------	--------	----	--------

5. Debtors

	2019	2018
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,361	2,361
	-------	-------

6. Creditors: amounts falling due within one year

	2019	2018
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	5,005	5,004
Corporation tax	5,345	–
Social security and other taxes	18,153	12,041
Other creditors	16,772	9,450
	--------	--------
	45,275	26,495
	--------	--------

7. Called up share capital

Issued, called up and fully paid

	2019		2018
	No.	£	No.	£
Ordinary shares of £ 1 each	80	80	80	80
	----	----	----	----

8. Directors' advances, credits and guarantees

At the statement of financial position date the balance owing to the directors totalled £16,772 (2018: £9,450). The directors loans are unsecured, interest free and repayable on demand.