Dog Bowl Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07676928 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2020

for

Dog Bowl Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Haygarth

M W Robson

P D Mcculloch

REGISTERED OFFICE:

24 Dale Street

Manchester

Greater Manchester

M1 1FY

REGISTERED NUMBER:

07676928 (England and Wales)

ACCOUNTANTS:

Sawyer Quine & Co

202 Merlin Park

Ringtail Road

Burscough

Ormskirk

Lancashire

L40 8JY

FIXED ASSETS

Tangible assets

4

391,217

388,344

CURRENT ASSETS

Stocks

11,793

8,892

Debtors

5

11,194

23,896

Cash at bank

100,632

98,682

123,619

131,470

CREDITORS

Amounts falling due within one year

6

228,027

160,272

NET CURRENT LIABILITIES

(104,408

)

(28,802

)

TOTAL ASSETS LESS CURRENT LIABILITIES

286,809

359,542

CREDITORS

Amounts falling due after more than one year

7

(44,222

)

-

PROVISIONS FOR LIABILITIES

9

(29,855

)

(15,785

)

NET ASSETS

212,732

343,757

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Share premium

149,600

149,600

Retained earnings

62,132

193,157

SHAREHOLDERS' FUNDS

212,732

343,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2021 and were signed on its behalf by:

A J Haygarth - Director

1.	STATUTORY INFORMATION

Dog Bowl Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold improvements

-

10% on cost

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial asses and liabilities are offset, with the net amounts presented in the financial statements, when there is

a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leases

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Rentals payable under operating leases, including any lease incentives received, are charged to income on a

straight line basis over the term of the relevant lease except where another more systematic basis is more

representative of the time pattern in which the economic benefits from the lease asset are consumed.

Going concern

Since the year end, the Coronavirus (COVID-19) has emerged resulting in a significant impact on the business.

As such the business has had to shut for a large part of the next financial year and the company has been reliant

on the support from the company directors, the company bankers and also the funding from various government

funding schemes.

At the date of this report it is unclear as to when the bars will be able to re open however the directors are

confident in the companies ability to continue trading and as such the accounts have been prepared on a going

concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2019 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Leasehold

machinery

improvements

etc

Totals

£

£

£

COST

At 1 February 2019

674,791

365,609

1,040,400

Additions

-

105,510

105,510

At 31 January 2020

674,791

471,119

1,145,910

DEPRECIATION

At 1 February 2019

393,333

258,723

652,056

Charge for year

67,479

35,158

102,637

At 31 January 2020

460,812

293,881

754,693

NET BOOK VALUE

At 31 January 2020

213,979

177,238

391,217

At 31 January 2019

281,458

106,886

388,344

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

Additions

99,500

At 31 January 2020

99,500

DEPRECIATION

Charge for year

13,267

At 31 January 2020

13,267

NET BOOK VALUE

At 31 January 2020

86,233

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Amounts owed by group undertakings

-

12,353

Other debtors

11,194

11,543

11,194

23,896

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Hire purchase contracts

33,166

-

Trade creditors

83,732

38,173

Taxation and social security

80,184

113,668

Other creditors

30,945

8,431

228,027

160,272

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.20

31.1.19

£

£

Hire purchase contracts

44,222

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.20

31.1.19

£

£

Hire purchase contracts

77,388

-

Hire purchase obligations are secured on the assets concerned.

9.	PROVISIONS FOR LIABILITIES

31.1.20

31.1.19

£

£

Deferred tax

29,855

15,785

Deferred

tax

£

Balance at 1 February 2019

15,785

Accelerated capital allowances

14,070

Balance at 31 January 2020

29,855

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.20

31.1.19

value:

£

£

1,000

Ordinary

£1.00

1,000

1,000