Company Registration No. 13528946 (England and Wales)
Mother Vine Limited
Unaudited accounts
for the year ended 31 March 2023
Mother Vine Limited
Unaudited accounts
Contents
Mother Vine Limited
Company Information
for the year ended 31 March 2023
Directors
N Darlington
D Knott
Company Number
13528946 (England and Wales)
Registered Office
255 Pavilion Road
London
SW1X 0BP
Accountants
Switchfoot Accounting Limited
147 Frimley Road
Camberley
Surrey
GU15 2PS
Mother Vine Limited
Statement of financial position
as at 31 March 2023
Tangible assets
42,723
53,416
Cash at bank and in hand
2,235
17,494
Creditors: amounts falling due within one year
(67,498)
(66,478)
Net current (liabilities)/assets
(6,278)
30,274
Total assets less current liabilities
36,445
83,690
Creditors: amounts falling due after more than one year
(66,532)
(101,142)
Net liabilities
(30,087)
(17,452)
Called up share capital
1
1
Profit and loss account
(30,088)
(17,453)
Shareholders' funds
(30,087)
(17,452)
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2023 and were signed on its behalf by
D Knott
Director
Company Registration No. 13528946
Mother Vine Limited
Notes to the Accounts
for the year ended 31 March 2023
Mother Vine Limited is a private company, limited by shares, registered in England and Wales, registration number 13528946. The registered office is 255 Pavilion Road, London, SW1X 0BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
Computer equipment
33% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Mother Vine Limited
Notes to the Accounts
for the year ended 31 March 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
6,336
52,595
1,081
60,012
At 31 March 2023
6,336
54,326
1,081
61,743
At 1 April 2022
739
5,733
124
6,596
Charge for the year
1,267
10,796
361
12,424
At 31 March 2023
2,006
16,529
485
19,020
At 31 March 2023
4,330
37,797
596
42,723
At 31 March 2022
5,597
46,862
957
53,416
Amounts falling due within one year
Accrued income and prepayments
12,848
23,424
Other debtors
21,000
21,000
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
57,732
62,306
Taxes and social security
2,830
1,530
Mother Vine Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
66,532
101,142
8
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
35,000
35,000
Later than one year and not later than five years
87,500
122,500
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).