My neighbours the dumplings limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08901643 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022

FOR

MY NEIGHBOURS THE DUMPLINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

K Leontiou

Miss R C Wharton

REGISTERED OFFICE:

The Old Creamery

North Barrow

Yeovil

Somerset

BA22 7LZ

REGISTERED NUMBER:

08901643 (England and Wales)

ACCOUNTANTS:

Joel Richmond

Chartered Certified Accountants

The Old Creamery

North Barrow

Yeovil

Somerset

BA22 7LZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

91,618

104,897

91,618

104,897

CURRENT ASSETS

Stocks

10,000

7,450

Debtors

6

493,158

205,991

Cash at bank and in hand

70,153

119,965

573,311

333,406

CREDITORS

Amounts falling due within one year

7

600,085

389,300

NET CURRENT LIABILITIES

(26,774

)

(55,894

)

TOTAL ASSETS LESS CURRENT LIABILITIES

64,844

49,003

CREDITORS

Amounts falling due after more than one year

8

27,135

37,784

NET ASSETS

37,709

11,219

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9

37,707

11,217

SHAREHOLDERS' FUNDS

37,709

11,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 19 October 2022 and were signed on its behalf by:

K Leontiou - Director

Miss R C Wharton - Director

1.	STATUTORY INFORMATION

My neighbours the dumplings limited 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance, in accordance with the property and at varying rates on cost

Stocks

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

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.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2021 - 47 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2021

and 31 July 2022

22,000

AMORTISATION

At 1 August 2021

and 31 July 2022

22,000

NET BOOK VALUE

At 31 July 2022

-

At 31 July 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2021

5,577

202,522

208,099

Additions

-

4,418

4,418

At 31 July 2022

5,577

206,940

212,517

DEPRECIATION

At 1 August 2021

1,580

101,622

103,202

Charge for year

279

17,418

17,697

At 31 July 2022

1,859

119,040

120,899

NET BOOK VALUE

At 31 July 2022

3,718

87,900

91,618

At 31 July 2021

3,997

100,900

104,897

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

73,463

596

Amounts owed by group undertakings

416,218

202,108

Other debtors

3,477

3,287

493,158

205,991

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

11,751

32,299

Trade creditors

14,130

16,580

Amounts owed to group undertakings

370,953

-

Taxation and social security

35,014

111,301

Other creditors

168,237

229,120

600,085

389,300

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

27,135

37,784

9.

RESERVES

Retained

earnings

£

At 1 August 2021

11,217

Profit for the year

88,482

Dividends

(61,992

)

At 31 July 2022

37,707

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of My neighbours the dumplings limited for the year ended 31 July 2022 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of My neighbours the dumplings limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of My neighbours the dumplings limited and state those matters that we have agreed to state to the Board of Directors of My neighbours the dumplings limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that My neighbours the dumplings 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 profit of My neighbours the dumplings limited. You consider that My neighbours the dumplings 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 My neighbours the dumplings 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.

Joel Richmond

Chartered Certified Accountants

The Old Creamery

North Barrow

Yeovil

Somerset

BA22 7LZ

19 October 2022