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Albourne Winery Limited
Registered Number:07308272
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
07308272
As at 31 March 2023
Albourne Winery Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
386,253
439,850
2
386,253
439,850
Current assets
Inventories
267,206
413,280
3
Trade and other receivables
30,057
35,402
4
417,132
Cash and cash equivalents
403,920
852,602
714,395
Trade and other payables: amounts falling due within one
year
(86,120)
(87,649)
5
628,275
764,953
Net current assets
Total assets less current liabilities
1,151,206
1,068,125
Trade and other payables: amounts falling due after more
than one year
(481,551)
(424,275)
6
726,931
Net assets
586,574
Capital and reserves
Called up share capital
638,002
638,002
Retained earnings
88,929
(51,428)
726,931
586,574
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs A J Nightingale Director
These financial statements were approved and authorised for issue by the Board on 19 September 2023 and were signed by:
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3
Registered Number :
07308272
For the year ended 31 March 2023
Albourne Winery Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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4
For the year ended 31 March 2023
Albourne Winery Limited
Notes to the Financial Statements
Statutory Information
Albourne Winery Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07308272.
Registered address:
Albourne Farm
Shaves Wood Lane
Albourne
West Sussex
BN6 9DX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
10% Reducing balance
33% Straight line
Computer equipment
20% Straight line
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Stocks are vauled on the cost basis in the accounts.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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5
For the year ended 31 March 2023
Albourne Winery Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 April 2022
929,506
1,284
103,172
585,313
239,737
17,913
99
2,039
11,135
4,640
Additions
At 31 March 2023
596,448
105,211
1,383
947,419
244,377
Provision for depreciation and impairment
At 01 April 2022
489,656
1,284
75,054
341,986
71,332
Charge for year
71,510
10
21,042
26,021
24,437
At 31 March 2023
561,166
1,294
96,096
368,007
95,769
At 31 March 2023
Net book value
148,608
228,441
9,115
89
386,253
At 31 March 2022
168,405
243,327
28,118
-
439,850
3. Inventories
2022
2023
£
£
Stocks
413,280
267,206
4. Trade and other receivables
2022
2023
£
£
Trade debtors
24,876
25,289
Other debtors
10,526
4,768
30,057
35,402
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
15,203
8,476
Taxation and social security
403
2,469
Other creditors
72,043
75,175
87,649
86,120
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6
For the year ended 31 March 2023
Albourne Winery Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
481,551
424,275
Directors' loan accounts
7. Related party transactions
The company is controlled by the directors who own 100% of the called up share capital.
8. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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