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REGISTERED NUMBER: 06058912 (England and Wales)















VINES LEISURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2022






VINES LEISURE LIMITED (REGISTERED NUMBER: 06058912)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


VINES LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTOR: T Singh





REGISTERED OFFICE: 21 Saltbox Lane
Grenoside
Sheffield
South Yorkshire
S35 8QS





REGISTERED NUMBER: 06058912 (England and Wales)






VINES LEISURE LIMITED (REGISTERED NUMBER: 06058912)

ABRIDGED BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Stocks 788,675 659,467
Debtors 6,404 14,198
Cash at bank and in hand 106,147 218,686
901,226 892,351
CREDITORS
Amounts falling due within one year 626,685 605,035
NET CURRENT ASSETS 274,541 287,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,541

287,316

CREDITORS
Amounts falling due after more than one
year

186,675

214,268
NET ASSETS 87,866 73,048

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 87,864 73,046
SHAREHOLDERS' FUNDS 87,866 73,048

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

VINES LEISURE LIMITED (REGISTERED NUMBER: 06058912)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2022 and were signed by:





T Singh - Director


VINES LEISURE LIMITED (REGISTERED NUMBER: 06058912)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022


1. STATUTORY INFORMATION

Vines Leisure 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 5 ) .

VINES LEISURE LIMITED (REGISTERED NUMBER: 06058912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2021
and 31 January 2022 62,430
DEPRECIATION
At 1 February 2021
and 31 January 2022 62,430
NET BOOK VALUE
At 31 January 2022 -
At 31 January 2021 -

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the Director £569,228 (2021: £500,265). The loan is interest free and has no formal repayment terms.

6. GOVERNMENT ASSISTANCE

During the year the company has received grant income under HM Government Coronavirus Job Retention Scheme totalling £1,290, and from Sheffield District Council under the Small Business Grants Fund totalling £7,143.

The company has taken out a bank loan under the Coronavirus Bounce Back Loan Scheme. The loan interest in the first 12 months is covered by HM Government by the Business Interruption payment. The amount recognised in the period in respect of this is £312.

The company has received assistance from HM Government by way of relief from business rates for the 2020/21 financial year.