DS Dairies Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11800740 (England and Wales)

Unaudited Financial Statements

for the Period 1 February 2019 to 31 March 2020

for

DS Dairies Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Singh

Mrs R Kaur

SECRETARY:

REGISTERED OFFICE:

Unit 13b

North East Fruit&Vegetable Market

Team Valley Trading Estate

Gateshead

Tyne and Wear

NE11 0QY

REGISTERED NUMBER:

11800740 (England and Wales)

ACCOUNTANTS:

Ariston Ltd

Ariston House

Albany Road

Gateshead

Tyne and Wear

NE8 3AT

FIXED ASSETS

Intangible assets

4

50,000

Tangible assets

5

97,727

147,727

CURRENT ASSETS

Stocks

10,500

Debtors

6

23,939

Cash at bank and in hand

570,312

604,751

CREDITORS

Amounts falling due within one year

7

687,987

NET CURRENT LIABILITIES

(83,236

)

TOTAL ASSETS LESS CURRENT LIABILITIES

64,491

CREDITORS

Amounts falling due after more than one year

8

2,836

NET ASSETS

61,655

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

61,555

61,655

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 1 February 2021 and were signed on its behalf by:

D Singh - Director

1.	STATUTORY INFORMATION

DS Dairies 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.

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 0, is being amortised evenly over its estimated useful life of nil 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.

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 period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2019

and 31 March 2020

50,000

NET BOOK VALUE

At 31 March 2020

50,000

At 31 January 2019

50,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2019

169,170

Additions

58,629

At 31 March 2020

227,799

DEPRECIATION

At 1 February 2019

105,640

Charge for period

24,432

At 31 March 2020

130,072

NET BOOK VALUE

At 31 March 2020

97,727

At 31 January 2019

63,530

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

11,855

Other debtors

12,084

23,939

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

333,860

Taxation and social security

40,676

Other creditors

313,451

687,987

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Hire purchase contracts

2,836