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REGISTERED NUMBER: 04764991 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

WINOS LIMITED

WINOS LIMITED (REGISTERED NUMBER: 04764991)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WINOS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr P R Garratt
Mr J Garratt



SECRETARY: Mrs C Garratt



REGISTERED OFFICE: 63 George Street,
OLDHAM
Lancashire
OL1 1LX



REGISTERED NUMBER: 04764991 (England and Wales)



ACCOUNTANT: Andrew W Berens FCA.
Chartered Accountant
48 Ringley Drive
Whitefield
Manchester
M45 7LR



BANKERS: Santander UK Plc
Business Banking
301 St Vincent Street
Glasgow
G2 5NT

WINOS LIMITED (REGISTERED NUMBER: 04764991)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,327 15,479
8,327 15,479

CURRENT ASSETS
Stocks 415,290 318,144
Debtors 6 261,239 258,733
Cash at bank and in hand 44,135 39,676
720,664 616,553
CREDITORS
Amounts falling due within one year 7 (541,891 ) (442,793 )
NET CURRENT ASSETS 178,773 173,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,100

189,239

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 187,000 189,139
SHAREHOLDERS' FUNDS 187,100 189,239

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

WINOS LIMITED (REGISTERED NUMBER: 04764991)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2024 and were signed on its behalf by:





Mr P R Garratt - Director


WINOS LIMITED (REGISTERED NUMBER: 04764991)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Winos 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten 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.

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.

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.

WINOS LIMITED (REGISTERED NUMBER: 04764991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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 9 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 53,000
AMORTISATION
At 1 August 2022
and 31 July 2023 53,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 38,207
Disposals (8,700 )
At 31 July 2023 29,507
DEPRECIATION
At 1 August 2022 22,728
Charge for year 6,500
Eliminated on disposal (8,048 )
At 31 July 2023 21,180
NET BOOK VALUE
At 31 July 2023 8,327
At 31 July 2022 15,479

WINOS LIMITED (REGISTERED NUMBER: 04764991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 250,196 257,125
VAT 9,435 -
Prepayments 1,608 1,608
261,239 258,733

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 36,667 46,259
Trade creditors 432,102 311,247
Tax 4,486 1,091
Social security and other taxes - 1,582
VAT - 6,291
Directors' current accounts 47,461 55,148
Accrued expenses 21,175 21,175
541,891 442,793

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount owed to the directors at 31 July 2023 was £47,461 (2022 - £55,148) This was interest free and repayable on demand.