Registered number
09307145
Winerackd Limited
Filleted Accounts
31 March 2023
Winerackd Limited
Registered number: 09307145
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 26,420 32,882
Investments 4 36,125 -
62,545 32,882
Current assets
Stocks 29,177 21,611
Debtors 5 121,782 121,004
Cash at bank and in hand 261,249 158,402
412,208 301,017
Creditors: amounts falling due within one year 7 (155,734) (48,016)
Net current assets 256,474 253,001
Total assets less current liabilities 319,019 285,883
Creditors: amounts falling due after more than one year 8 (11,110) (16,047)
Net assets 307,909 269,836
Capital and reserves
Called up share capital 100 100
Profit and loss account 307,809 269,736
Shareholders' funds 307,909 269,836
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Daniel Primack
Director
Approved by the board on 29 September 2023
Winerackd Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20 % reducing balance
Fixtures, fittings, tools and equipment over 5 years
Motor Vehicle 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 19,890 29,750 49,640
Additions 1,654 - 1,654
At 31 March 2023 21,544 29,750 51,294
Depreciation
At 1 April 2022 11,180 5,578 16,758
Charge for the year 2,073 6,043 8,116
At 31 March 2023 13,253 11,621 24,874
Net book value
At 31 March 2023 8,291 18,129 26,420
At 31 March 2022 8,710 24,172 32,882
4 Investments
Other
investments
£
Cost
Additions 37,224
Revaluation (1,099)
At 31 March 2023 36,125
5 Debtors 2023 2022
£ £
Trade debtors 104,106 113,316
Other debtors 17,676 7,688
121,782 121,004
6 Investments held as current assets 2023 2022
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments (1,099) -
7 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 97,411 12,388
Corporation tax 22,482 18,670
Taxation and social security costs 30,665 16,098
Other creditors 5,176 860
155,734 48,016
8 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 11,110 16,047
9 Other information
Winerackd Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
Winerackd Limited 09307145 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 Daniel Primack No description of principal activity 09307145 2021-04-01 2022-03-31 09307145 core:WithinOneYear 2022-03-31 09307145 core:AfterOneYear 2022-03-31 09307145 core:ShareCapital 2022-03-31 09307145 core:RetainedEarningsAccumulatedLosses 2022-03-31 09307145 2022-04-01 2023-03-31 09307145 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09307145 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09307145 bus:Director40 2022-04-01 2023-03-31 09307145 1 2022-04-01 2023-03-31 09307145 2 2022-04-01 2023-03-31 09307145 core:PlantMachinery 2022-04-01 2023-03-31 09307145 core:Vehicles 2022-04-01 2023-03-31 09307145 countries:England 2022-04-01 2023-03-31 09307145 bus:FRS102 2022-04-01 2023-03-31 09307145 bus:FullAccounts 2022-04-01 2023-03-31 09307145 2023-03-31 09307145 core:WithinOneYear 2023-03-31 09307145 core:AfterOneYear 2023-03-31 09307145 core:ShareCapital 2023-03-31 09307145 core:RetainedEarningsAccumulatedLosses 2023-03-31 09307145 core:PlantMachinery 2023-03-31 09307145 core:Vehicles 2023-03-31 09307145 core:AdditionsToInvestments 2023-03-31 09307145 core:RevaluationsIncreaseDecreaseInInvestments 2023-03-31 09307145 2022-03-31 09307145 core:PlantMachinery 2022-03-31 09307145 core:Vehicles 2022-03-31 iso4217:GBP xbrli:pure