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Company Registration No. NI070881 (Northern Ireland)
Neill Wines Limited Unaudited accounts for the year ended 30 June 2023
Neill Wines Limited Unaudited accounts Contents
Page
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Neill Wines Limited Company Information for the year ended 30 June 2023
Director
Robert Neill
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
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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
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Neill Wines Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,356 
1,244 
Current assets
Inventories
76,199 
34,192 
Debtors
285,531 
266,503 
Cash at bank and in hand
17,306 
66,970 
379,036 
367,665 
Creditors: amounts falling due within one year
(379,210)
(357,477)
Net current (liabilities)/assets
(174)
10,188 
Net assets
35,182 
11,432 
Capital and reserves
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
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Neill Wines Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 June 2023
13,106 
22,250 
35,356 
At 30 June 2022
1,244 
- 
1,244 
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Neill Wines Limited Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
285,531 
266,503 
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)
- 
Accruals
11,500 
11,500 
379,210 
357,477 
7
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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