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 2021

Dino (Nottingham) Limited

Financial Statements

Year ended 31 July 2021

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	ADS Accountancy Limited
	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 2021

	2021		2020
Note	£	£	£

Fixed assets

Tangible assets	4		6,060	8,080

Current assets

Stocks		4,560	5,357
Debtors	5	2,071	3,143
Cash at bank and in hand		57,644	80,751
		--------	--------
		64,275	89,251

Creditors: amounts falling due within one year	6	35,622		26,573
		--------		--------
Net current assets			28,653	62,678
			--------	--------
Total assets less current liabilities			34,713	70,758

Creditors: amounts falling due after more than one year	7	37,499	50,000
		--------	--------
Net (liabilities)/assets		( 2,786)	20,758
		--------	--------

Capital and reserves

Called up share capital	8	80	80
Profit and loss account		( 2,866)	20,678
		-------	--------
Shareholders (deficit)/funds		( 2,786)	20,758
		-------	--------

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 Section 1A of 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 2021 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 2021

These financial statements were approved by the board of directors and authorised for issue on 20 April 2022 , 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 2021

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 2021 the company had net liabilities of £2,786. The company is reliant on the continued support of the director. The director has confirmed his intention to support the company for at least 12 months from the date of signing the accounts. 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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

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 33 (2020: 15 ).

4. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 August 2020 and 31 July 2021	13,380	24,594	963	38,937
	--------	--------	----	--------
Depreciation
At 1 August 2020	11,586	18,718	553	30,857
Charge for the year	449	1,469	102	2,020
	--------	--------	----	--------
At 31 July 2021	12,035	20,187	655	32,877
	--------	--------	----	--------
Carrying amount
At 31 July 2021	1,345	4,407	308	6,060
	--------	--------	----	--------
At 31 July 2020	1,794	5,876	410	8,080
	--------	--------	----	--------

5. Debtors

	2021	2020
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	2,361
Other debtors	2,071	782
	-------	-------
	2,071	3,143
	-------	-------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Bank loans and overdrafts	10,833	–
Trade creditors	2,312	4,423
Amounts owed to group undertakings and undertakings in which the company has a participating interest	17,644	5,005
Social security and other taxes	1,285	196
Other creditors	1,776	–
Other creditors	1,772	16,949
	--------	--------
	35,622	26,573
	--------	--------

7. Creditors: amounts falling due after more than one year

	2021	2020
	£	£
Bank loans and overdrafts	37,499	50,000
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	2021		2020
	No.	£	No.	£
Ordinary shares of £ 1 each	80	80	80	80
	----	----	----	----

9. Directors' advances, credits and guarantees

At the statement of financial position date the balance owing to the directors totalled £1,772 (2020: £16,772). The directors loans are unsecured, interest free and repayable on demand.