REGISTERED NUMBER: 10004234 (England and Wales)

The Every Body Wine Company Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2023

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

Mr N M Yates

Registered office:

156 Burton Road

West Didsbury

Manchester

M20 1LH

Registered number:

10004234 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Intangible assets

4

3,380

4,260

Tangible assets

5

52,008

63,371

55,388

67,631

Current assets

Stocks

5,830

6,666

Debtors

6

5,695

9,405

Cash at bank

4,818

3,965

16,343

20,036

Creditors

Amounts falling due within one year

7

109,378

111,226

Net current liabilities

(93,035

)

(91,190

)

Total assets less current liabilities

(37,647

)

(23,559

)

Creditors

Amounts falling due after more than one year

8

42,500

44,514

Net liabilities

(80,147

)

(68,073

)

Capital and reserves

Called up share capital

100

100

Retained earnings

(80,247

)

(68,173

)

Shareholders' funds

(80,147

)

(68,073

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

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 7 September 2023 and were signed by:

Mr N M Yates - Director

1.	Statutory information

The Every Body Wine Company Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of nine years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

over the term of the lease

Plant and machinery etc

-

33% on cost and 15% on reducing balance

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.

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.

Going concern

The financial statements have been prepared on a going concern basis on the grounds that the director will continue to provide sufficient finance to enable the company to continue trading for the foreseeable future.

3.	Employees and directors

The average number of employees during the year was 7 (2022 - 7 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 March 2022

and 28 February 2023

8,000

Amortisation

At 1 March 2022

3,740

Charge for year

880

At 28 February 2023

4,620

Net book value

At 28 February 2023

3,380

At 28 February 2022

4,260

5.	Tangible fixed assets

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 March 2022

89,409

27,475

116,884

Additions

-

919

919

At 28 February 2023

89,409

28,394

117,803

Depreciation

At 1 March 2022

40,851

12,662

53,513

Charge for year

9,835

2,447

12,282

At 28 February 2023

50,686

15,109

65,795

Net book value

At 28 February 2023

38,723

13,285

52,008

At 28 February 2022

48,558

14,813

63,371

6.

Debtors: amounts falling due within one year

28.2.23

28.2.22

£

£

Other debtors

5,695

9,405

7.

Creditors: amounts falling due within one year

28.2.23

28.2.22

£

£

Bank loans and overdrafts

9,514

12,724

Trade creditors

11,635

19,370

Taxation and social security

6,397

3,952

Other creditors

81,832

75,180

109,378

111,226

8.

Creditors: amounts falling due after more than one year

28.2.23

28.2.22

£

£

Bank loans

42,500

44,514