Company Registration No. NI070881 (Northern Ireland)
Neill Wines Limited
Unaudited accounts
for the year ended 30 June 2023
Neill Wines Limited
Unaudited accounts
Contents
Neill Wines Limited
Company Information
for the year ended 30 June 2023
Company Number
NI070881 (Northern Ireland)
Registered Office
6 Ballycochran Drive
Bangor
Co Down
BT19 7LB
Accountants
Beech Accounting Ltd
185 Magheralane Road
Randalstown
Antrim
BT41 2PH
Accountants' report to the Board of Directors on the unaudited financial statements of Neill Wines Limited for the year ended 30 June 2023
In accordance with our engagement letter dated 1 April 2017, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
This report is made solely to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors as a body, for our work or for this report.
We have carried out this engagement in accordance with guidance issued by the Chartered Accountants Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet for the year ended 30 June 2023 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Beech Accounting Ltd
Chartered Accountants
185 Magheralane Road
Randalstown
Antrim
BT41 2PH
31 March 2024
Neill Wines Limited
Statement of financial position
as at 30 June 2023
Tangible assets
35,356
1,244
Cash at bank and in hand
17,306
66,970
Creditors: amounts falling due within one year
(379,210)
(357,477)
Net current (liabilities)/assets
(174)
10,188
Called up share capital
100
100
Profit and loss account
35,082
11,332
Shareholders' funds
35,182
11,432
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 31 March 2024 and were signed on its behalf by
Robert Neill
Director
Company Registration No. NI070881
Neill Wines Limited
Notes to the Accounts
for the year ended 30 June 2023
Neill Wines Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI070881. The registered office is 6 Ballycochran Drive, Bangor, Co Down, BT19 7LB.
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.
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:
Plant & machinery
15% reducing balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
7,045
-
7,045
Additions
14,175
27,813
41,988
At 30 June 2023
21,220
27,813
49,033
At 1 July 2022
5,801
-
5,801
Charge for the year
2,313
5,563
7,876
At 30 June 2023
8,114
5,563
13,677
At 30 June 2023
13,106
22,250
35,356
At 30 June 2022
1,244
-
1,244
Neill Wines Limited
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Trade debtors
21,495
20,216
Amounts due from group undertakings etc.
176,851
152,495
Other debtors
87,185
93,792
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
181,671
196,483
Amounts owed to group undertakings and other participating interests
173,140
123,225
Taxes and social security
24,050
26,269
Loans from directors
(11,151)
-
7
Average number of employees
During the year the average number of employees was 6 (2022: 6).