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REGISTERED NUMBER: 05753255 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

EATON WINE COMPANY LTD

EATON WINE COMPANY LTD (REGISTERED NUMBER: 05753255)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EATON WINE COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: C F Eaton
Mrs R J Eaton





SECRETARY: C F Eaton





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 05753255 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

EATON WINE COMPANY LTD (REGISTERED NUMBER: 05753255)

BALANCE SHEET
31 MARCH 2023

31.3.22 31.3.23
£    £    Notes £    £   
FIXED ASSETS
20,459 Intangible assets 4 15,459
235,227 Tangible assets 5 237,211
255,686 252,670

CURRENT ASSETS
405,000 Stocks 430,000
161,733 Debtors 6 179,240
1,653 Cash at bank and in hand 2,962
568,386 612,202
CREDITORS
331,073 Amounts falling due within one year 7 348,907
237,313 NET CURRENT ASSETS 263,295
492,999 TOTAL ASSETS LESS CURRENT
LIABILITIES

515,965

CREDITORS
(334,439 ) Amounts falling due after more than one
year

8

(310,350

)

(2,271 ) PROVISIONS FOR LIABILITIES (2,729 )
156,289 NET ASSETS 202,886

EATON WINE COMPANY LTD (REGISTERED NUMBER: 05753255)

BALANCE SHEET - continued
31 MARCH 2023

31.3.22 31.3.23
£    £    Notes £    £   
CAPITAL AND RESERVES
100 Called up share capital 10 100
4,036 Revaluation reserve 11 3,027
152,153 Retained earnings 199,759
156,289 SHAREHOLDERS' FUNDS 202,886

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





Mrs R J Eaton - Director


EATON WINE COMPANY LTD (REGISTERED NUMBER: 05753255)

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

1. STATUTORY INFORMATION

Eaton Wine Company Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing trade debtor balances.

Intangible assets - goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated remaining useful life of ten years.

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% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.


EATON WINE COMPANY LTD (REGISTERED NUMBER: 05753255)

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

2. ACCOUNTING POLICIES - continued
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 100,000
AMORTISATION
At 1 April 2022 79,541
Charge for year 5,000
At 31 March 2023 84,541
NET BOOK VALUE
At 31 March 2023 15,459
At 31 March 2022 20,459

EATON WINE COMPANY LTD (REGISTERED NUMBER: 05753255)

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

5. TANGIBLE FIXED ASSETS
Property Plant and
Totals improvements machinery
£    £    £   
COST OR VALUATION
At 1 April 2022 336,354 216,187 23,956
Additions 9,000 - -
At 31 March 2023 345,354 216,187 23,956
DEPRECIATION
At 1 April 2022 101,127 - 20,052
Charge for year 7,016 - 977
At 31 March 2023 108,143 - 21,029
NET BOOK VALUE
At 31 March 2023 237,211 216,187 2,927
At 31 March 2022 235,227 216,187 3,904

Fixtures
and Motor Computer
fittings vehicles equipment
£    £    £   
COST OR VALUATION
At 1 April 2022 45,852 31,950 18,409
Additions - 9,000 -
At 31 March 2023 45,852 40,950 18,409
DEPRECIATION
At 1 April 2022 42,583 23,337 15,155
Charge for year 820 4,403 816
At 31 March 2023 43,403 27,740 15,971
NET BOOK VALUE
At 31 March 2023 2,449 13,210 2,438
At 31 March 2022 3,269 8,613 3,254

EATON WINE COMPANY LTD (REGISTERED NUMBER: 05753255)

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

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Property Plant and
Totals improvements machinery
£    £    £   
Valuation in 2017 21,000 - 13,000
Cost 324,354 216,187 10,956
345,354 216,187 23,956

Fixtures
and Motor Computer
fittings vehicles equipment
£    £    £   
Valuation in 2017 8,000 - -
Cost 37,852 40,950 18,409
45,852 40,950 18,409


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 178,977 160,244
Other debtors - 1,489
Prepayments 263 -
179,240 161,733

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 44,866 38,444
Trade creditors 246,130 227,635
Tax 19,325 20,159
Social security and other taxes 29,329 39,567
Other creditors 3,355 1,594
Accrued expenses 5,902 3,674
348,907 331,073

EATON WINE COMPANY LTD (REGISTERED NUMBER: 05753255)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - (2-5 years) 89,280 90,080
Bank loans - (over 5 years) 21,939 43,079
Other creditors 199,131 201,280
310,350 334,439

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - (over 5 years) 21,939 43,079

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank overdrafts 22,546 15,924
Bank loans 133,539 155,679
156,085 171,603

The bank overdraft and loans are secured by way of a fixed and floating charge over all of the company's assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Revaluation
reserve
£   
At 1 April 2022 4,036
Movement in deferred tax 237
Movement in depreciation charge (1,246 )

At 31 March 2023 3,027