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REGISTERED NUMBER: 04488468 (England and Wales)















Maidenhead Wine Company Limited

Unaudited Financial Statements for the Year Ended 31 January 2024






Maidenhead Wine Company Limited (Registered number: 04488468)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Maidenhead Wine Company Limited

Company Information
for the Year Ended 31 January 2024







Director: R Street





Secretary: Miss S E Warner





Registered office: The Vineyard
Cordwallis Street
Maidenhead
Berkshire
SL6 7BE





Registered number: 04488468 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Maidenhead Wine Company Limited (Registered number: 04488468)

Statement of Financial Position
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 48,025 44,635

Current assets
Stocks 1,337,797 1,319,380
Debtors 5 1,494,839 1,483,609
Cash at bank and in hand 132,007 103,617
2,964,643 2,906,606
Creditors
Amounts falling due within one year 6 1,764,845 1,862,193
Net current assets 1,199,798 1,044,413
Total assets less current liabilities 1,247,823 1,089,048

Provisions for liabilities 11,075 8,112
Net assets 1,236,748 1,080,936

Capital and reserves
Called up share capital 2 2
Retained earnings 1,236,746 1,080,934
1,236,748 1,080,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 5 July 2024 and were signed by:




R Street - Director


Maidenhead Wine Company Limited (Registered number: 04488468)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. Statutory information

Maidenhead Wine Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.


Maidenhead Wine Company Limited (Registered number: 04488468)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 (2023 - 13 ) .

4. Tangible fixed assets
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
Cost
At 1 February 2023 28,403 22,110 8,008
Additions - - -
At 31 January 2024 28,403 22,110 8,008
Depreciation
At 1 February 2023 28,403 21,853 7,645
Charge for year - 64 91
At 31 January 2024 28,403 21,917 7,736
Net book value
At 31 January 2024 - 193 272
At 31 January 2023 - 257 363

Maidenhead Wine Company Limited (Registered number: 04488468)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. Tangible fixed assets - continued

Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1 February 2023 105,877 18,916 183,314
Additions 17,500 1,900 19,400
At 31 January 2024 123,377 20,816 202,714
Depreciation
At 1 February 2023 63,087 17,691 138,679
Charge for year 15,074 781 16,010
At 31 January 2024 78,161 18,472 154,689
Net book value
At 31 January 2024 45,216 2,344 48,025
At 31 January 2023 42,790 1,225 44,635

5. Debtors
31/1/24 31/1/23
£    £   
Amounts falling due within one year:
Trade debtors 479,721 525,619
Other debtors 27,322 31,297
507,043 556,916

Amounts falling due after more than one year:
Other debtors 987,796 926,693

Aggregate amounts 1,494,839 1,483,609

6. Creditors: amounts falling due within one year
31/1/24 31/1/23
£    £   
Trade creditors 1,257,542 1,262,796
Taxation and social security 496,871 586,698
Other creditors 10,432 12,699
1,764,845 1,862,193

Maidenhead Wine Company Limited (Registered number: 04488468)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31/1/24 31/1/23
£    £   
R Street
Balance outstanding at start of year 733,553 694,830
Amounts advanced 45,685 38,723
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 779,238 733,553