Registered number
12313645
DA Costa Wines Ltd
Filleted Accounts
30 November 2023
DA Costa Wines Ltd
Registered number: 12313645
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 25,000 25,000
Tangible assets 4 2,241 2,988
27,241 27,988
Current assets
Stocks 54,441 50,988
Debtors 5 100 100
Cash at bank and in hand 15,208 4,172
69,749 55,260
Creditors: amounts falling due within one year 6 (68,636) (65,189)
Net current assets/(liabilities) 1,113 (9,929)
Net assets 28,354 18,059
Capital and reserves
Called up share capital 100 100
Profit and loss account 28,254 17,959
Shareholders' funds 28,354 18,059
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Bant Singh
Director
Approved by the board on 30 August 2024
DA Costa Wines Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% Reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 25,000
At 30 November 2023 25,000
Amortisation
At 30 November 2023 -
Net book value
At 30 November 2023 25,000
At 30 November 2022 25,000
Goodwill is not being written off.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 7,083
At 30 November 2023 7,083
Depreciation
At 1 December 2022 4,095
Charge for the year 747
At 30 November 2023 4,842
Net book value
At 30 November 2023 2,241
At 30 November 2022 2,988
5 Debtors 2023 2022
£ £
Other debtors 100 100
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 25,745 35,970
Trade creditors 1,615 -
Taxation and social security costs 7,345 7,138
Other creditors 33,931 22,081
68,636 65,189
7 Other information
DA Costa Wines Ltd is a private company limited by shares and incorporated in England. Its registered office is:
86 Edgewood Road
Rednal
Birmingham
B45 8SG
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