IRIS Accounts Production v23.3.1.45 SC328370 Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3283702022-09-30SC3283702023-09-30SC3283702022-10-012023-09-30SC3283702021-09-30SC3283702021-10-012022-09-30SC3283702022-09-30SC328370ns10:Originalns15:Scotland2022-10-012023-09-30SC328370ns14:PoundSterlingns10:Original2022-10-012023-09-30SC328370ns10:Originalns10:Director12022-10-012023-09-30SC328370ns10:Original2022-10-012023-09-30SC328370ns10:Originalns10:Director22022-10-012023-09-30SC328370ns10:Original2023-09-30SC328370ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-30SC328370ns10:Originalns10:SmallEntities2022-10-012023-09-30SC328370ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-30SC328370ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-30SC328370ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-30SC328370ns10:Originalns10:FullAccounts2022-10-012023-09-30SC328370ns10:Original12022-10-012023-09-30SC328370ns10:Originalns10:OrdinaryShareClass12022-10-012023-09-30SC328370ns10:Originalns10:Director32022-10-012023-09-30SC328370ns10:Originalns10:Director42022-10-012023-09-30SC328370ns10:CompanySecretary1ns10:Original2022-10-012023-09-30SC328370ns10:Originalns10:RegisteredOffice2022-10-012023-09-30SC328370ns10:Original2022-09-30SC328370ns10:Originalns5:CurrentFinancialInstruments2023-09-30SC328370ns10:Originalns5:CurrentFinancialInstruments2022-09-30SC328370ns10:Originalns5:Non-currentFinancialInstruments2023-09-30SC328370ns10:Originalns5:Non-currentFinancialInstruments2022-09-30SC328370ns5:ShareCapitalns10:Original2023-09-30SC328370ns5:ShareCapitalns10:Original2022-09-30SC328370ns10:Originalns5:SharePremium2023-09-30SC328370ns10:Originalns5:SharePremium2022-09-30SC328370ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-30SC328370ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-30SC328370ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-10-012023-09-30SC328370ns10:Original2021-10-012022-09-30SC328370ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-09-30SC328370ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2023-09-30SC328370ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-09-30SC328370ns10:Originalns5:LandBuildings2022-09-30SC328370ns10:Originalns5:PlantMachinery2022-09-30SC328370ns10:Originalns5:FurnitureFittings2022-09-30SC328370ns10:Originalns5:LandBuildings2022-10-012023-09-30SC328370ns10:Originalns5:PlantMachinery2022-10-012023-09-30SC328370ns10:Originalns5:FurnitureFittings2022-10-012023-09-30SC328370ns10:Originalns5:LandBuildings2023-09-30SC328370ns10:Originalns5:PlantMachinery2023-09-30SC328370ns10:Originalns5:FurnitureFittings2023-09-30SC328370ns10:Originalns5:LandBuildings2022-09-30SC328370ns10:Originalns5:PlantMachinery2022-09-30SC328370ns10:Originalns5:FurnitureFittings2022-09-30SC328370ns10:Originalns5:MotorVehicles2022-09-30SC328370ns10:Originalns5:ComputerEquipment2022-09-30SC328370ns10:Original2022-09-30SC328370ns10:Originalns5:MotorVehicles2022-10-012023-09-30SC328370ns10:Originalns5:ComputerEquipment2022-10-012023-09-30SC328370ns10:Originalns5:MotorVehicles2023-09-30SC328370ns10:Originalns5:ComputerEquipment2023-09-30SC328370ns10:Originalns5:MotorVehicles2022-09-30SC328370ns10:Originalns5:ComputerEquipment2022-09-30SC328370ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-30SC328370ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-30SC328370ns10:Originalns5:WithinOneYear2023-09-30SC328370ns10:Originalns5:WithinOneYear2022-09-30SC328370ns5:BetweenOneFiveYearsns10:Original2023-09-30SC328370ns5:BetweenOneFiveYearsns10:Original2022-09-30SC328370ns10:Originalns5:AllPeriods2023-09-30SC328370ns10:Originalns5:AllPeriods2022-09-30SC328370ns10:Originalns5:DeferredTaxation2022-09-30SC328370ns10:Originalns5:DeferredTaxation2022-10-012023-09-30SC328370ns10:Originalns5:DeferredTaxation2023-09-30SC328370ns10:Originalns10:OrdinaryShareClass12023-09-30
REGISTERED NUMBER: SC328370 (Scotland)













Unaudited Financial Statements

for the Year Ended 30 September 2023

for

L'Art Du Vin Limited

L'Art Du Vin Limited (Registered number: SC328370)






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


L'Art Du Vin Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: R Bouglet
P Larue
E F Bowen
V Macdonald





SECRETARY: V Macdonald





REGISTERED OFFICE: 18 Taxi Way
Dalgety Bay
Fife
KY11 9JT





REGISTERED NUMBER: SC328370 (Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

L'Art Du Vin Limited (Registered number: SC328370)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 1,408 14
Tangible assets 5 390,232 396,285
391,640 396,299

CURRENT ASSETS
Stocks 745,591 623,196
Debtors 6 652,820 614,983
Cash at bank and in hand 351,341 298,988
1,749,752 1,537,167
CREDITORS
Amounts falling due within one year 7 987,789 766,249
NET CURRENT ASSETS 761,963 770,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,153,603

1,167,217

CREDITORS
Amounts falling due after more than one year 8 (10,822 ) (83,241 )

PROVISIONS FOR LIABILITIES 11 (12,186 ) (9,331 )
NET ASSETS 1,130,595 1,074,645

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Share premium 49,816 49,816
Retained earnings 1,079,779 1,023,829
SHAREHOLDERS' FUNDS 1,130,595 1,074,645

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.

L'Art Du Vin Limited (Registered number: SC328370)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:




P Larue - Director



R Bouglet - Director


L'Art Du Vin Limited (Registered number: SC328370)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

L'Art Du Vin Limited is a private company, limited by shares , registered in Scotland. 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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

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

Patents and licences - 33% on cost

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less residual value, of each asset on a straight line basis over it's expected useful life, as follows:

Freehold Property- 2% on cost
Plant and machinery- 33% on cost
Fixtures and fittings- 20% on cost and 8.33% on cost
Computer equipment- 33% on cost
Motor Vehicles- 20% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


L'Art Du Vin Limited (Registered number: SC328370)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the profit and loss account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

L'Art Du Vin Limited (Registered number: SC328370)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Patents and
licences
£
COST
At 1 October 2022 4,315
Additions 2,100
Disposals (1,450 )
At 30 September 2023 4,965
AMORTISATION
At 1 October 2022 4,301
Amortisation for year 706
Eliminated on disposal (1,450 )
At 30 September 2023 3,557
NET BOOK VALUE
At 30 September 2023 1,408
At 30 September 2022 14

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
COST
At 1 October 2022 392,404 39,567 55,295
Additions - 5,682 15,538
Disposals - - -
At 30 September 2023 392,404 45,249 70,833
DEPRECIATION
At 1 October 2022 31,324 33,895 30,460
Charge for year 7,848 5,581 11,136
Eliminated on disposal - - -
At 30 September 2023 39,172 39,476 41,596
NET BOOK VALUE
At 30 September 2023 353,232 5,773 29,237
At 30 September 2022 361,080 5,672 24,835

L'Art Du Vin Limited (Registered number: SC328370)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 October 2022 9,406 33,248 529,920
Additions - - 21,220
Disposals - (4,292 ) (4,292 )
At 30 September 2023 9,406 28,956 546,848
DEPRECIATION
At 1 October 2022 5,644 32,312 133,635
Charge for year 1,881 827 27,273
Eliminated on disposal - (4,292 ) (4,292 )
At 30 September 2023 7,525 28,847 156,616
NET BOOK VALUE
At 30 September 2023 1,881 109 390,232
At 30 September 2022 3,762 936 396,285

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£ £
Trade debtors 642,866 604,869
Other debtors 9,954 10,114
652,820 614,983

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£ £
Trade creditors 729,019 538,519
Taxation and social security 167,215 158,257
Other creditors 91,555 69,473
987,789 766,249

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£ £
Other creditors 10,822 83,241

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.23 30.9.22
£ £
Within one year 26,625 11,602
Between one and five years 37,385 18,764
64,010 30,366

L'Art Du Vin Limited (Registered number: SC328370)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£ £
Mortgage 47,802 115,547

Clydesdale Bank PLC holds a fixed charge over freehold property and a floating charge over assets of the company.

11. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£ £
Deferred tax 9,250 9,331
Provision for doubtful debts 2,936 -
12,186 9,331

Deferred tax
£
Balance at 1 October 2022 9,331
Provided during year (81 )
Balance at 30 September 2023 9,250

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £ £
1,000 Ordinary £1 1,000 1,000

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed the directors £27,666 as at 30 September 2023 (2022: £20,285)

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £95,767 (2022- £66,795) were paid to the directors.

During the year, total dividends of £61,785 (2022- £66,628) were paid to family members of the directors.

15. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.