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REGISTERED NUMBER: 01496371 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

WINDERMERE WINE STORES LIMITED

WINDERMERE WINE STORES LIMITED (REGISTERED NUMBER: 01496371)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WINDERMERE WINE STORES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: J Harris





SECRETARY: E A Ratcliffe





REGISTERED OFFICE: 11 Crescent Road
Windermere
Cumbria
LA23 1EA





REGISTERED NUMBER: 01496371 (England and Wales)





ACCOUNTANTS: Daggett and Company
Chartered Accountants
Parkway House
Palatine Road
Northenden
Manchester
M22 4DB

WINDERMERE WINE STORES LIMITED (REGISTERED NUMBER: 01496371)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,427 19,987
17,427 19,987

CURRENT ASSETS
Stocks 6 81,739 90,052
Debtors 7 51,517 33,702
Cash at bank and in hand 501 44,728
133,757 168,482
CREDITORS
Amounts falling due within one year 8 75,777 96,175
NET CURRENT ASSETS 57,980 72,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,407

92,294

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 25,407 42,294
SHAREHOLDERS' FUNDS 75,407 92,294

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 18 October 2023 and were signed by:




J Harris - Director


WINDERMERE WINE STORES LIMITED (REGISTERED NUMBER: 01496371)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Windermere Wine Stores 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.

Goodwill
Goodwill is written off on a straight line basis over 10 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.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

WINDERMERE WINE STORES LIMITED (REGISTERED NUMBER: 01496371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 16,967
AMORTISATION
At 1 February 2022
and 31 January 2023 16,967
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2022 13,000 7,919 105,871
Additions - 1,423 -
At 31 January 2023 13,000 9,342 105,871
DEPRECIATION
At 1 February 2022 13,000 7,919 92,188
Charge for year - 356 2,052
At 31 January 2023 13,000 8,275 94,240
NET BOOK VALUE
At 31 January 2023 - 1,067 11,631
At 31 January 2022 - - 13,683

WINDERMERE WINE STORES LIMITED (REGISTERED NUMBER: 01496371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Website
vehicles development Totals
£    £    £   
COST
At 1 February 2022 35,125 1,960 163,875
Additions - - 1,423
At 31 January 2023 35,125 1,960 165,298
DEPRECIATION
At 1 February 2022 28,821 1,960 143,888
Charge for year 1,575 - 3,983
At 31 January 2023 30,396 1,960 147,871
NET BOOK VALUE
At 31 January 2023 4,729 - 17,427
At 31 January 2022 6,304 - 19,987

6. STOCKS
31.1.23 31.1.22
£    £   
Stocks 81,739 90,052

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 14,655 8,610
Other debtors 3,200 6,000
Directors' current accounts 8,303 14,819
VAT 20,829 -
Prepayments 4,530 4,273
51,517 33,702

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 28,158 -
Trade creditors 41,550 62,581
Tax - 5,539
Social security and other taxes 1,623 732
VAT - 21,921
Other creditors 500 500
Accrued expenses 3,946 4,902
75,777 96,175

WINDERMERE WINE STORES LIMITED (REGISTERED NUMBER: 01496371)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.1.23 31.1.22
£    £   
J Harris
Balance outstanding at start of year 14,819 2,819
Amounts advanced 21,485 24,000
Amounts repaid (28,000 ) (12,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,304 14,819

The company paid rent of £22,500 (2022 £18,000) and a dividend £11,000 (2022 £12,000) to J Harris.

10. ULTIMATE CONTROLLING PARTY

J Harris is the ultimate controlling party.