THE DUNCOMBE ARMS LIMITED

THE DUNCOMBE ARMS LIMITED

THE DUNCOMBE ARMS LIMITED - Company Information

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THE DUNCOMBE ARMS LIMITED

Company Registration Number:
07520092 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2020

Period of accounts

Start date: 01 March 2019

End date: 29 February 2020

THE DUNCOMBE ARMS LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2020

Balance sheet
Notes

THE DUNCOMBE ARMS LIMITED

Balance sheet

As at 29 February 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 28,976 33,590
Total fixed assets: 28,976 33,590
Current assets
Stocks: 34,497 31,373
Debtors:   37,271 16,196
Cash at bank and in hand: 208,692 147,312
Total current assets: 280,460 194,881
Creditors: amounts falling due within one year:   (163,863) (106,112)
Net current assets (liabilities): 116,597 88,769
Total assets less current liabilities: 145,573 122,359
Provision for liabilities: (5,505) (6,383)
Total net assets (liabilities): 140,068 115,976
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 139,968 115,876
Shareholders funds: 140,068 115,976

The notes form part of these financial statements

THE DUNCOMBE ARMS LIMITED

Balance sheet statements

For the year ending 29 February 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 September 2020
and signed on behalf of the board by:

Name: Mr J Greenall
Status: Director

The notes form part of these financial statements

THE DUNCOMBE ARMS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goodssupplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards ofownership have transferred to the buyer (usually on despatch of the goods); the amount ofrevenue can be measured reliably; it is probable that the associated economic benefits will flow tothe entity; and the costs incurred or to be incurred in respect of the transactions can be measuredreliably

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulativeimpairment 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 overits expected useful life.

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete andsell. Cost is determined using the first in first out method. The carrying amount of stock sold isrecognised as an expense in the period in which the related revenue is recognised.

Other accounting policies

A current tax liability is recognised for the tax payable on the taxable profit of the current and pastperiods. A current tax asset is recognised in respect of a tax loss that can be carried back torecover tax paid in a previous period. Deferred tax is recognised in respect of all timingdifferences between the recognition of income and expenses in the financial statements and theirinclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognisedonly to the extent that it is probable that they will be recovered against the reversal of deferred taxliabilities or other future taxable profits. Deferred tax is measured using the tax rates and lawsthat have been enacted or substantively enacted by the reporting date and that are expected toapply to the reversal of the timing difference, except for revalued land and investment propertywhere the tax rate that applies to the sale of the asset is used. Current and deferred tax assetsand liabilities are not discounted.

THE DUNCOMBE ARMS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2020

2. Employees

2020 2019
Average number of employees during the period 65 28

THE DUNCOMBE ARMS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2020

3. Tangible Assets

Total
Cost £
At 01 March 2019 79,769
Additions 10,765
At 29 February 2020 90,534
Depreciation
At 01 March 2019 46,179
Charge for year 15,379
At 29 February 2020 61,558
Net book value
At 29 February 2020 28,976
At 28 February 2019 33,590