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REGISTERED NUMBER: 08174601 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Winzers LTD

Winzers LTD (Registered number: 08174601)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Winzers LTD (Registered number: 08174601)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 5,000
Tangible assets 5 14,232 16,700
18,732 21,700

CREDITORS
Amounts falling due within one year 6 135,020 132,444
NET CURRENT LIABILITIES (135,020 ) (132,444 )
TOTAL ASSETS LESS CURRENT LIABILITIES (116,288 ) (110,744 )

CREDITORS
Amounts falling due after more than one year 7 34,131 35,601
NET LIABILITIES (150,419 ) (146,345 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (150,420 ) (146,346 )
(150,419 ) (146,345 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 January 2024 and were signed by:





R Lees - Director


Winzers LTD (Registered number: 08174601)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Winzers LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08174601

Registered office: 38 St. Annes Avenue
Middlewich
Cheshire
CW10 0AE

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.

The financial statements have been prepared on a going concern basis notwithstanding the deficit in net assets. The main creditors of the company are the related parties totalling £106,203 (2022 - £97,872). The directors are satisfied that the shareholders are prepared to continue to support the company for the next year.

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

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.


Winzers LTD (Registered number: 08174601)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 10,000
AMORTISATION
At 1 September 2022 5,000
Amortisation for year 500
At 31 August 2023 5,500
NET BOOK VALUE
At 31 August 2023 4,500
At 31 August 2022 5,000

Winzers LTD (Registered number: 08174601)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 884 27,496 305 28,685
Additions 250 840 - 1,090
At 31 August 2023 1,134 28,336 305 29,775
DEPRECIATION
At 1 September 2022 782 10,998 205 11,985
Charge for year 70 3,468 20 3,558
At 31 August 2023 852 14,466 225 15,543
NET BOOK VALUE
At 31 August 2023 282 13,870 80 14,232
At 31 August 2022 102 16,498 100 16,700

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2022 27,496
Additions 840
At 31 August 2023 28,336
DEPRECIATION
At 1 September 2022 10,998
Charge for year 3,468
At 31 August 2023 14,466
NET BOOK VALUE
At 31 August 2023 13,870
At 31 August 2022 16,498

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,324 4,284
Hire purchase contracts 4,999 4,999
Trade creditors 5,045 5,338
Taxation and social security 2,885 2,799
Other creditors 118,767 115,024
135,020 132,444

Winzers LTD (Registered number: 08174601)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 14,603 19,809
Other creditors 19,528 15,792
34,131 35,601

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 19,602 24,808

The hire purchase is secured against the asset to which it relates.