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Daniel Lambert Wines Limited

Financial Statements for the Year Ended 31 March 2023






Daniel Lambert Wines Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: H E Lambert
D S J Lambert





SECRETARY: H E Lambert





REGISTERED OFFICE: Unit 9, St Theodores Way
Brynmenyn Business Centre
Brynmenyn
Bridgend
Mid Glamorgan
CF32 9TZ





REGISTERED NUMBER: 04718166 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Daniel Lambert Wines Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Daniel Lambert Wines Limited for the year ended 31 March 2023 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Daniel Lambert Wines Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Daniel Lambert Wines Limited and state those matters that we have agreed to state to the Board of Directors of Daniel Lambert Wines Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Daniel Lambert Wines Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Daniel Lambert Wines Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Daniel Lambert Wines Limited. You consider that Daniel Lambert Wines Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Daniel Lambert Wines Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


12 October 2023

Daniel Lambert Wines Limited (Registered number: 04718166)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 3,678 3,388

CURRENT ASSETS
Stocks 204,000 184,105
Debtors 4 378,879 581,903
Cash at bank 51,531 82,057
634,410 848,065
CREDITORS
Amounts falling due within one year 5 546,682 743,156
NET CURRENT ASSETS 87,728 104,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,406

108,297

CREDITORS
Amounts falling due after more than
one year

6

10,833

15,833
NET ASSETS 80,573 92,464

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 80,553 92,444
SHAREHOLDERS' FUNDS 80,573 92,464

Daniel Lambert Wines Limited (Registered number: 04718166)

Balance Sheet - continued
31 March 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by:





D S J Lambert - Director


Daniel Lambert Wines Limited (Registered number: 04718166)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. 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 - 25% straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 25% straight line
Computer equipment - 33% straight line

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 Profit & Loss Account, 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.

Pension costs
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.

Daniel Lambert Wines Limited (Registered number: 04718166)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 1,200 6,107 12,675 6,168 26,150
Additions - 575 - 1,428 2,003
At 31 March 2023 1,200 6,682 12,675 7,596 28,153
DEPRECIATION
At 1 April 2022 1,200 3,696 12,675 5,191 22,762
Charge for year - 835 - 878 1,713
At 31 March 2023 1,200 4,531 12,675 6,069 24,475
NET BOOK VALUE
At 31 March 2023 - 2,151 - 1,527 3,678
At 31 March 2022 - 2,411 - 977 3,388

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 369,945 534,818
Other debtors & prepayments 8,934 47,085
378,879 581,903

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 481,785 675,164
Taxes & social security costs 40,431 51,039
Other creditors & accruals 19,466 11,953
546,682 743,156

Daniel Lambert Wines Limited (Registered number: 04718166)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 10,833 15,833

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
H E Lambert
Balance outstanding at start of year 1,507 2,000
Amounts advanced - 1,666
Amounts repaid (1,507 ) (2,159 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,507