Registered number
09832989
Sissinghurst Wines Ltd
Filleted Accounts
30 November 2021
Sissinghurst Wines Ltd
Registered number: 09832989
Balance Sheet
as at 30 November 2021
Notes 2021 2020
£ £
Fixed assets
Intangible assets 3 - 6,984
Tangible assets 4 798 3,695
798 10,679
Current assets
Stocks 20,254 19,571
Cash at bank and in hand 180,024 134,577
200,278 154,148
Creditors: amounts falling due within one year 5 (167,425) (163,960)
Net current assets/(liabilities) 32,853 (9,812)
Net assets 33,651 867
Capital and reserves
Called up share capital 1 1
Profit and loss account 33,650 866
Shareholders' funds 33,651 867
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Chirag Patel
Director
Approved by the board on 3 August 2022
Sissinghurst Wines Ltd
Notes to the Accounts
for the year ended 30 November 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Motor vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 6 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2020 34,920
At 30 November 2021 34,920
Amortisation
At 1 December 2020 27,936
Provided during the year 6,984
At 30 November 2021 34,920
Net book value
At 30 November 2021 -
At 30 November 2020 6,984
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2020 12,486 2,000 14,486
At 30 November 2021 12,486 2,000 14,486
Depreciation
At 1 December 2020 9,591 1,200 10,791
Charge for the year 2,497 400 2,897
At 30 November 2021 12,088 1,600 13,688
Net book value
At 30 November 2021 398 400 798
At 30 November 2020 2,895 800 3,695
5 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors 25,854 25,223
Taxation and social security costs 16,639 19,107
Other creditors 124,932 119,630
167,425 163,960
6 Other information
Sissinghurst Wines Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor, Merritt House
Hill Avenue
Amersham
Buckinghamshire
HP6 5BQ
Sissinghurst Wines Ltd 09832989 false 2020-12-01 2021-11-30 2021-11-30 VT Final Accounts April 2022 Chirag Patel No description of principal activity 09832989 2019-12-01 2020-11-30 09832989 core:WithinOneYear 2020-11-30 09832989 core:ShareCapital 2020-11-30 09832989 core:RetainedEarningsAccumulatedLosses 2020-11-30 09832989 2020-12-01 2021-11-30 09832989 bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 09832989 bus:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 09832989 bus:Director40 2020-12-01 2021-11-30 09832989 2 2020-12-01 2021-11-30 09832989 core:Goodwill 2020-12-01 2021-11-30 09832989 core:PlantMachinery 2020-12-01 2021-11-30 09832989 core:Vehicles 2020-12-01 2021-11-30 09832989 countries:England 2020-12-01 2021-11-30 09832989 bus:FRS102 2020-12-01 2021-11-30 09832989 bus:FullAccounts 2020-12-01 2021-11-30 09832989 2021-11-30 09832989 core:WithinOneYear 2021-11-30 09832989 core:ShareCapital 2021-11-30 09832989 core:RetainedEarningsAccumulatedLosses 2021-11-30 09832989 core:Goodwill 2021-11-30 09832989 core:PlantMachinery 2021-11-30 09832989 core:Vehicles 2021-11-30 09832989 2020-11-30 09832989 core:Goodwill 2020-11-30 09832989 core:PlantMachinery 2020-11-30 09832989 core:Vehicles 2020-11-30 iso4217:GBP xbrli:pure