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MYWINELABEL LIMITED

Unaudited Financial Statements

for the Year Ended 31st December 2023






MYWINELABEL LIMITED (REGISTERED NUMBER: 08789481)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MYWINELABEL LIMITED

Company Information
for the year ended 31st December 2023







DIRECTOR: W Ziane





REGISTERED OFFICE: 71 Devonshire Road
Prenton
Wirral
Merseyside
CH43 1TN





REGISTERED NUMBER: 08789481 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

MYWINELABEL LIMITED (REGISTERED NUMBER: 08789481)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,461 90,553

CURRENT ASSETS
Stocks 5 6,111 14,913
Debtors 6 276 769
Cash at bank 75,875 66,870
82,262 82,552
CREDITORS
Amounts falling due within one year 7 172,567 172,958
NET CURRENT LIABILITIES (90,305 ) (90,406 )
TOTAL ASSETS LESS CURRENT LIABILITIES 156 147

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 155 146
156 147

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th February 2024 and were signed by:




W Ziane - Director


MYWINELABEL LIMITED (REGISTERED NUMBER: 08789481)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Mywinelabel 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

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.

MYWINELABEL LIMITED (REGISTERED NUMBER: 08789481)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are valued at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to / from directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1st January 2023
and 31st December 2023 90,092 1,751 1,140 92,983
DEPRECIATION
At 1st January 2023 - 1,291 1,139 2,430
Charge for year - 92 - 92
At 31st December 2023 - 1,383 1,139 2,522
NET BOOK VALUE
At 31st December 2023 90,092 368 1 90,461
At 31st December 2022 90,092 460 1 90,553

5. STOCKS
2023 2022
£    £   
Stocks 6,111 14,913

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 276 769

MYWINELABEL LIMITED (REGISTERED NUMBER: 08789481)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,601 2,259
Other creditors 168,966 170,699
172,567 172,958

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the director .

Included in other creditors is the sum of £168,091 (2022 - £169,824) being due to Mr W Ziane, company director and shareholder.