Silverfin false 28/02/2023 01/03/2022 28/02/2023 Mr Y Loue 16/02/2012 02 October 2023 The principal activity of the Company during the financial year was the operation of a wine lounge and retail sale of wine and other drinks and food. 07951981 2023-02-28 07951981 bus:Director1 2023-02-28 07951981 2022-02-28 07951981 core:CurrentFinancialInstruments 2023-02-28 07951981 core:CurrentFinancialInstruments 2022-02-28 07951981 core:Non-currentFinancialInstruments 2023-02-28 07951981 core:Non-currentFinancialInstruments 2022-02-28 07951981 core:ShareCapital 2023-02-28 07951981 core:ShareCapital 2022-02-28 07951981 core:RetainedEarningsAccumulatedLosses 2023-02-28 07951981 core:RetainedEarningsAccumulatedLosses 2022-02-28 07951981 core:LeaseholdImprovements 2022-02-28 07951981 core:PlantMachinery 2022-02-28 07951981 core:FurnitureFittings 2022-02-28 07951981 core:LeaseholdImprovements 2023-02-28 07951981 core:PlantMachinery 2023-02-28 07951981 core:FurnitureFittings 2023-02-28 07951981 bus:OrdinaryShareClass1 2023-02-28 07951981 bus:OrdinaryShareClass2 2023-02-28 07951981 bus:OrdinaryShareClass3 2023-02-28 07951981 2022-03-01 2023-02-28 07951981 bus:FullAccounts 2022-03-01 2023-02-28 07951981 bus:SmallEntities 2022-03-01 2023-02-28 07951981 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 07951981 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 07951981 bus:Director1 2022-03-01 2023-02-28 07951981 core:LeaseholdImprovements core:TopRangeValue 2022-03-01 2023-02-28 07951981 core:PlantMachinery 2022-03-01 2023-02-28 07951981 core:FurnitureFittings 2022-03-01 2023-02-28 07951981 2021-03-01 2022-02-28 07951981 core:LeaseholdImprovements 2022-03-01 2023-02-28 07951981 core:Non-currentFinancialInstruments 2022-03-01 2023-02-28 07951981 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 07951981 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 07951981 bus:OrdinaryShareClass2 2022-03-01 2023-02-28 07951981 bus:OrdinaryShareClass2 2021-03-01 2022-02-28 07951981 bus:OrdinaryShareClass3 2022-03-01 2023-02-28 07951981 bus:OrdinaryShareClass3 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07951981 (England and Wales)

LE VIGNOBLE LTD

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

LE VIGNOBLE LTD

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

LE VIGNOBLE LTD

BALANCE SHEET

As at 28 February 2023
LE VIGNOBLE LTD

BALANCE SHEET (continued)

As at 28 February 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 25,558 30,919
25,558 30,919
Current assets
Stocks 160,271 133,139
Debtors 4 98,868 150,848
Cash at bank and in hand 4,859 6,943
263,998 290,930
Creditors: amounts falling due within one year 5 ( 43,793) ( 68,144)
Net current assets 220,205 222,786
Total assets less current liabilities 245,763 253,705
Creditors: amounts falling due after more than one year 6 ( 150,522) ( 137,513)
Provision for liabilities ( 3,685) ( 4,426)
Net assets 91,556 111,766
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 91,456 111,666
Total shareholders' funds 91,556 111,766

For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Le Vignoble Ltd (registered number: 07951981) were approved and authorised for issue by the Director on 02 October 2023. They were signed on its behalf by:

Mr Y Loue
Director
LE VIGNOBLE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
LE VIGNOBLE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Le Vignoble Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is New Cooperage, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Leasehold improvements 15 years straight line
Plant and machinery 20 % reducing balance
Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised 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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 7 5

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 March 2022 13,037 65,801 77,983 156,821
Additions 0 139 0 139
At 28 February 2023 13,037 65,940 77,983 156,960
Accumulated depreciation
At 01 March 2022 9,353 51,069 65,480 125,902
Charge for the financial year 42 2,958 2,500 5,500
At 28 February 2023 9,395 54,027 67,980 131,402
Net book value
At 28 February 2023 3,642 11,913 10,003 25,558
At 28 February 2022 3,684 14,732 12,503 30,919

4. Debtors

2023 2022
£ £
Trade debtors 51 278
Amounts owed by Group undertakings 88,588 138,636
Other debtors 10,229 11,934
98,868 150,848

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 5,959 5,812
Trade creditors 11,528 30,735
Taxation and social security 18,204 20,409
Other creditors 8,102 11,188
43,793 68,144

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

2023 2022
£ £
Bank loans 13,964 19,923
Other creditors 136,558 117,590
150,522 137,513

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
5 Ordinary C shares of £ 1.00 each 5 5
44 Ordinary B shares of £ 1.00 each 44 44
51 Ordinary A shares of £ 1.00 each 51 51
100 100