Silverfin false 28/02/2023 01/02/2022 28/02/2023 Ms C Keers 01/02/2022 Mr M Stansfeld 01/02/2022 24 October 2023 The principal activity of the Company during the financial year was to provide areas for office working. 13885567 2023-02-28 13885567 bus:Director1 2023-02-28 13885567 bus:Director2 2023-02-28 13885567 core:CurrentFinancialInstruments 2023-02-28 13885567 core:ShareCapital 2023-02-28 13885567 core:RetainedEarningsAccumulatedLosses 2023-02-28 13885567 core:OfficeEquipment 2022-01-31 13885567 2022-01-31 13885567 core:OfficeEquipment 2023-02-28 13885567 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-02-28 13885567 bus:OrdinaryShareClass1 2023-02-28 13885567 bus:OrdinaryShareClass2 2023-02-28 13885567 2022-02-01 2023-02-28 13885567 bus:FullAccounts 2022-02-01 2023-02-28 13885567 bus:SmallEntities 2022-02-01 2023-02-28 13885567 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-02-28 13885567 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-02-28 13885567 bus:Director1 2022-02-01 2023-02-28 13885567 bus:Director2 2022-02-01 2023-02-28 13885567 core:OfficeEquipment core:TopRangeValue 2022-02-01 2023-02-28 13885567 core:OfficeEquipment 2022-02-01 2023-02-28 13885567 bus:OrdinaryShareClass1 2022-02-01 2023-02-28 13885567 bus:OrdinaryShareClass2 2022-02-01 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13885567 (England and Wales)

VINEGAR WORKS LIMITED

Unaudited Financial Statements
For the financial period from 01 February 2022 to 28 February 2023
Pages for filing with the registrar

VINEGAR WORKS LIMITED

Unaudited Financial Statements

For the financial period from 01 February 2022 to 28 February 2023

Contents

VINEGAR WORKS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 28 February 2023
VINEGAR WORKS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2023
Note 28.02.2023
£
Fixed assets
Tangible assets 3 5,711
5,711
Current assets
Debtors 4 3,508
Cash at bank and in hand 1,570
5,078
Creditors: amounts falling due within one year 5 ( 15,329)
Net current liabilities (10,251)
Total assets less current liabilities (4,540)
Net liabilities ( 4,540)
Capital and reserves
Called-up share capital 6 100
Profit and loss account ( 4,640 )
Total shareholders' deficit ( 4,540)

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

Directors' responsibilities:

The financial statements of Vinegar Works Limited (registered number: 13885567) were approved and authorised for issue by the Director on 24 October 2023. They were signed on its behalf by:

Mr M Stansfeld
Director
VINEGAR WORKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 February 2022 to 28 February 2023
VINEGAR WORKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 February 2022 to 28 February 2023
1. Accounting policies

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

General information and basis of accounting

Vinegar Works Limited (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 1-3 College Yard, Worcester, WR1 2LB, 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 £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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 Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 4 years straight line
Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
01.02.2022 to
28.02.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 February 2022 0 0
Additions 5,833 5,833
At 28 February 2023 5,833 5,833
Accumulated depreciation
At 01 February 2022 0 0
Charge for the financial period 122 122
At 28 February 2023 122 122
Net book value
At 28 February 2023 5,711 5,711

4. Debtors

28.02.2023
£
Deferred tax asset 2,130
Other debtors 1,378
3,508

5. Creditors: amounts falling due within one year

28.02.2023
£
Trade creditors 4
Amounts owed to related parties 3,990
Amounts owed to directors 8,898
Accruals 2,437
15,329

6. Called-up share capital

28.02.2023
£
Allotted, called-up and fully-paid
50 A ordinary shares of £ 1.00 each 50
50 B ordinary shares of £ 1.00 each 50
100

7. Related party transactions

Transactions with the entity's directors

28.02.2023
£
Balance due to the directors 8,898

Other related party transactions

28.02.2023
£
Due to a related party 3,990