Company Registration No. NI659265 (Northern Ireland)
DOCE Retail Limited
Unaudited accounts
for the year ended 31 December 2019
DOCE Retail Limited
Unaudited accounts
Contents
DOCE Retail Limited
Company Information
for the year ended 31 December 2019
Directors
MCGOVERAN, Donagh
MCGOVERN, Orla
Company Number
NI659265 (Northern Ireland)
Registered Office
T/A CENTRA RIVER HOUSE
48 HIGH STREET
BELFAST
CO ANTRIM
BT1 2BE
NORTHERN IRELAND
Accountants
PGR Chartered Accountants
Unit 2 Channel Wharf
21 Old Channel Road
Belfast
Antrim
BT3 9DE
DOCE Retail Limited
Statement of financial position
as at
31 December 2019
Cash at bank and in hand
37,729
Creditors: amounts falling due within one year
(317,267)
Net current liabilities
(243,121)
Total assets less current liabilities
128,677
Creditors: amounts falling due after more than one year
(161,704)
Called up share capital
2
Profit and loss account
(33,029)
Shareholders' funds
(33,027)
For the year ending 31 December 2019 the company was entitled to exemption from audit 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2020 and were signed on its behalf by
MCGOVERAN, Donagh
Director
Company Registration No. NI659265
DOCE Retail Limited
Notes to the Accounts
for the year ended 31 December 2019
DOCE Retail Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI659265. The registered office is T/A CENTRA RIVER HOUSE, 48 HIGH STREET, BELFAST, CO ANTRIM, BT1 2BE, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% Straight Line
Fixtures & fittings
15% Straight Line
Computer equipment
15% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
DOCE Retail Limited
Notes to the Accounts
for the year ended 31 December 2019
4
Tangible fixed assets
Total
At 31 December 2019
390,404
Charge for the year
18,606
At 31 December 2019
18,606
At 31 December 2019
371,798
5
Transactions with related parties
Included in Other debtors are amounts due from related party entities of £18,087.
6
Average number of employees
During the year the average number of employees was 13.