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REGISTERED NUMBER: 09541994















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Rosso Bianco Wines Ltd

Rosso Bianco Wines Ltd (Registered number: 09541994)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Rosso Bianco Wines Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: P Pavli





REGISTERED OFFICE: 77 High Street
Chobham
Woking
Surrey
GU24 8AF





REGISTERED NUMBER: 09541994





ACCOUNTANTS: WHITTINGTONS
Chartered Accountants
1 High Street
Guildford
Surrey
GU2 4HP

Rosso Bianco Wines Ltd (Registered number: 09541994)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 300 687

CURRENT ASSETS
Stocks 671,722 724,161
Debtors 5 49,989 245,530
Cash at bank and in hand 13,707 15,920
735,418 985,611
CREDITORS
Amounts falling due within one year 6 740,431 782,820
NET CURRENT (LIABILITIES)/ASSETS (5,013 ) 202,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,713

)

203,478

CREDITORS
Amounts falling due after more than one
year

7

39,476

62,967
NET (LIABILITIES)/ASSETS (44,189 ) 140,511

CAPITAL AND RESERVES
Called up share capital 8 200 200
Share premium 9 29,940 29,940
Retained earnings 9 (74,329 ) 110,371
SHAREHOLDERS' FUNDS (44,189 ) 140,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 15 August 2024 and were signed by:





P Pavli - Director


Rosso Bianco Wines Ltd (Registered number: 09541994)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Rosso Bianco Wines Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on 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 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.

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 3 (2021 - 3 ) .

Rosso Bianco Wines Ltd (Registered number: 09541994)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2022
and 31 December 2022 8,938 3,422 12,360
DEPRECIATION
At 1 January 2022 8,251 3,422 11,673
Charge for year 387 - 387
At 31 December 2022 8,638 3,422 12,060
NET BOOK VALUE
At 31 December 2022 300 - 300
At 31 December 2021 687 - 687

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 19,901 78,118
Other debtors 30,088 167,412
49,989 245,530

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 8,239 25,298
Trade creditors 460,149 372,385
Taxation and social security 26,005 56,676
Other creditors 246,038 328,461
740,431 782,820

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 39,476 44,174
Other creditors - 18,793
39,476 62,967

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,652 20,350

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
200 Ordinary £1 200 200

Rosso Bianco Wines Ltd (Registered number: 09541994)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2022 110,371 29,940 140,311
Deficit for the year (184,700 ) (184,700 )
At 31 December 2022 (74,329 ) 29,940 (44,389 )

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had financial commitments in respect of vehicle leasing of £5,542 (2021: £5542) due within 1 year and £Nil (2021: £5,531) due more than 1 year.

At the balance sheet date, the company had financial commitments in respect of property rental of £10,800 (2021: £10,800) due within 1 year and £nil (2021: £nil) due more than 1 year.