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REGISTERED NUMBER: 03741055 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

MITCHELL'S VINTNERS LIMITED

MITCHELL'S VINTNERS LIMITED (REGISTERED NUMBER: 03741055)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MITCHELL'S VINTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: J D Mitchell
F D Mitchell-Mellor





REGISTERED OFFICE: 354 Meadowhead
Sheffield
South Yorkshire
S8 7UJ





REGISTERED NUMBER: 03741055 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

MITCHELL'S VINTNERS LIMITED (REGISTERED NUMBER: 03741055)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,828 3,873
Tangible assets 5 53,172 42,902
58,000 46,775

CURRENT ASSETS
Stocks 682,334 595,292
Debtors 6 64,898 74,497
Cash at bank and in hand 14,424 7,214
761,656 677,003
CREDITORS
Amounts falling due within one year 7 207,520 205,962
NET CURRENT ASSETS 554,136 471,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,136

517,816

PROVISIONS FOR LIABILITIES 13,028 7,906
NET ASSETS 599,108 509,910

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 599,008 509,810
SHAREHOLDERS' FUNDS 599,108 509,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MITCHELL'S VINTNERS LIMITED (REGISTERED NUMBER: 03741055)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





F D Mitchell-Mellor - Director


MITCHELL'S VINTNERS LIMITED (REGISTERED NUMBER: 03741055)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Mitchell's Vintners Limited 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost and 20% on cost
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MITCHELL'S VINTNERS LIMITED (REGISTERED NUMBER: 03741055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022 4,150
Additions 1,785
At 30 September 2023 5,935
AMORTISATION
At 1 October 2022 277
Charge for year 830
At 30 September 2023 1,107
NET BOOK VALUE
At 30 September 2023 4,828
At 30 September 2022 3,873

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2022 39,057 28,285 197,304 8,135 272,781
Additions - 530 26,810 - 27,340
Disposals - (1,958 ) (1,998 ) - (3,956 )
At 30 September 2023 39,057 26,857 222,116 8,135 296,165
DEPRECIATION
At 1 October 2022 39,057 28,285 154,402 8,135 229,879
Charge for year - 9 17,061 - 17,070
Eliminated on disposal - (1,958 ) (1,998 ) - (3,956 )
At 30 September 2023 39,057 26,336 169,465 8,135 242,993
NET BOOK VALUE
At 30 September 2023 - 521 52,651 - 53,172
At 30 September 2022 - - 42,902 - 42,902

MITCHELL'S VINTNERS LIMITED (REGISTERED NUMBER: 03741055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 42,247 51,719
Other debtors 22,651 22,778
64,898 74,497

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 37,477
Trade creditors 164,069 119,123
Taxation and social security 43,024 47,651
Other creditors 427 1,711
207,520 205,962

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 37,477

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £11,116 (2022 - £10,455).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
F D Mitchell-Mellor
Balance outstanding at start of year 4,753 -
Amounts advanced 7,022 4,753
Amounts repaid (4,753 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,022 4,753

J D Mitchell
Balance outstanding at start of year - -
Amounts advanced 4,414 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,414 -