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Company Registration No. 13528946 (England and Wales)
Mother Vine Limited Unaudited accounts for the year ended 31 March 2023
Mother Vine Limited Unaudited accounts Contents
Page
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Mother Vine Limited Company Information for the year ended 31 March 2023
Directors
N Darlington D Knott
Company Number
13528946 (England and Wales)
Registered Office
255 Pavilion Road London SW1X 0BP
Accountants
Switchfoot Accounting Limited 147 Frimley Road Camberley Surrey GU15 2PS
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Mother Vine Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,723 
53,416 
Current assets
Inventories
19,382 
26,904 
Debtors
39,603 
52,354 
Cash at bank and in hand
2,235 
17,494 
61,220 
96,752 
Creditors: amounts falling due within one year
(67,498)
(66,478)
Net current (liabilities)/assets
(6,278)
30,274 
Total assets less current liabilities
36,445 
83,690 
Creditors: amounts falling due after more than one year
(66,532)
(101,142)
Net liabilities
(30,087)
(17,452)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(30,088)
(17,453)
Shareholders' funds
(30,087)
(17,452)
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2023 and were signed on its behalf by
D Knott Director Company Registration No. 13528946
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Mother Vine Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Mother Vine Limited is a private company, limited by shares, registered in England and Wales, registration number 13528946. The registered office is 255 Pavilion Road, London, SW1X 0BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
Computer equipment
33% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Mother Vine Limited Notes to the Accounts for the year ended 31 March 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
6,336 
52,595 
1,081 
60,012 
Additions
- 
1,731 
- 
1,731 
At 31 March 2023
6,336 
54,326 
1,081 
61,743 
Depreciation
At 1 April 2022
739 
5,733 
124 
6,596 
Charge for the year
1,267 
10,796 
361 
12,424 
At 31 March 2023
2,006 
16,529 
485 
19,020 
Net book value
At 31 March 2023
4,330 
37,797 
596 
42,723 
At 31 March 2022
5,597 
46,862 
957 
53,416 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,755 
7,930 
Accrued income and prepayments
12,848 
23,424 
Other debtors
21,000 
21,000 
39,603 
52,354 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
6,174 
1,847 
Trade creditors
57,732 
62,306 
Taxes and social security
2,830 
1,530 
Other creditors
762 
795 
67,498 
66,478 
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Mother Vine Limited Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
66,532 
101,142 
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
35,000 
35,000 
Later than one year and not later than five years
87,500 
122,500 
122,500 
157,500 
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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