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NATURAL BORN WINE LIMITED
Registered Number:10340882
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2023
NATURAL BORN WINE LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
10340882
As at 31 August 2023
NATURAL BORN WINE LIMITED
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
681
671
2
681
671
Current assets
Inventories
122,194
56,644
3
Trade and other receivables
17,750
9,957
4
1,630
Cash and cash equivalents
792
67,393
141,574
Trade and other payables: amounts falling due within one
year
(119,767)
(63,583)
5
21,807
3,810
Net current assets
Total assets less current liabilities
4,491
22,478
Trade and other payables: amounts falling due after more
than one year
(12,286)
(5,753)
6
(1,262)
Net assets/liabilities
10,192
Capital and reserves
Called up share capital
200
200
Retained earnings
(1,462)
9,992
(1,262)
10,192
Shareholders' funds
For the year ended 31 August 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 August 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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.
O J A Maitland-Hudson Director
These financial statements were approved and authorised for issue by the Board on 05 January 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2023
NATURAL BORN WINE LIMITED
Notes to the Financial Statements
Statutory Information
NATURAL BORN WINE LIMITED is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10340882.
Registered address:
7 Canning Street
London
SE5 8BH
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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
25% Straight line
25% Straight line
Furniture 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
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 August 2023
NATURAL BORN WINE LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 September 2022
2,646
700
1,946
208
208
-
Additions
At 31 August 2023
1,946
908
2,854
Provision for depreciation and impairment
At 01 September 2022
1,975
29
1,946
Charge for year
198
198
-
At 31 August 2023
2,173
227
1,946
At 31 August 2023
Net book value
-
681
681
At 31 August 2022
-
671
671
3. Inventories
2022
2023
£
£
Stocks
56,644
122,194
4. Trade and other receivables
2022
2023
£
£
Trade debtors
9,957
15,360
Other debtors
-
2,390
17,750
9,957
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
2,323
12,325
Bank loans and overdraft
16,828
10,341
Trade creditors
3,279
73,550
Taxation and social security
7,143
8,107
Other creditors
34,010
15,444
63,583
119,767
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6
For the year ended 31 August 2023
NATURAL BORN WINE LIMITED
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
5,753
8,753
Bank loans and overdraft (secured)
-
3,533
5,753
12,286
7. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
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