| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2023 |
| for |
| Whitebridge Wines Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2023 |
| for |
| Whitebridge Wines Limited |
| Whitebridge Wines Limited (Registered number: 01736781) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Whitebridge Wines Limited |
| Company Information |
| for the Year Ended 31 January 2023 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Cliveden Chambers |
| Cliveden Place |
| Longton |
| Stoke-on-Trent |
| Staffordshire |
| ST3 4JB |
| Whitebridge Wines Limited (Registered number: 01736781) |
| Balance Sheet |
| 31 January 2023 |
| 31.1.23 | 31.1.22 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Capital redemption reserve | 11 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Whitebridge Wines Limited (Registered number: 01736781) |
| Balance Sheet - continued |
| 31 January 2023 |
| 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 |
| Whitebridge Wines Limited (Registered number: 01736781) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2023 |
| 1. | STATUTORY INFORMATION |
| Whitebridge Wines Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Government grants |
| Government grants receivable, including those relating to Covid-19 support schemes, are recognised in the accounts on an accruals basis. |
| Recognition occurs from the date of entitlement and when the company has complied with all conditions attached to the grant. |
| Amounts receivable are separately disclosed as other income within the financial statements. |
| 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. |
| Whitebridge Wines Limited (Registered number: 01736781) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 February 2022 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 January 2023 |
| DEPRECIATION |
| At 1 February 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 January 2023 |
| NET BOOK VALUE |
| At 31 January 2023 |
| At 31 January 2022 |
| Whitebridge Wines Limited (Registered number: 01736781) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2023 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 February 2022 |
| Additions |
| Transfer to ownership | (24,335 | ) |
| At 31 January 2023 |
| DEPRECIATION |
| At 1 February 2022 |
| Charge for year |
| Transfer to ownership | (16,635 | ) |
| At 31 January 2023 |
| NET BOOK VALUE |
| At 31 January 2023 |
| At 31 January 2022 |
| 5. | STOCKS |
| 31.1.23 | 31.1.22 |
| £ | £ |
| Goods for resale |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.23 | 31.1.22 |
| £ | £ |
| Trade debtors |
| Directors' current accounts |
| Prepayments and accrued income |
| Whitebridge Wines Limited (Registered number: 01736781) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2023 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.23 | 31.1.22 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.1.23 | 31.1.22 |
| £ | £ |
| Long term loans |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Hire purchase contracts |
| 9. | PROVISIONS FOR LIABILITIES |
| 31.1.23 | 31.1.22 |
| £ | £ |
| Deferred tax | 6,606 | 4,326 |
| Deferred |
| tax |
| £ |
| Balance at 1 February 2022 |
| Charge to Income Statement during year |
| Balance at 31 January 2023 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.1.23 | 31.1.22 |
| value: | £ | £ |
| Ordinary | £1 | 27,532 | 27,532 |
| Whitebridge Wines Limited (Registered number: 01736781) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2023 |
| 11. | RESERVES |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 February 2022 | 227,050 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 January 2023 | 263,502 |