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REGISTERED NUMBER: 14542466 (England and Wales)














FINANCIAL STATEMENTS

FOR THE PERIOD 15 DECEMBER 2022 TO 31 DECEMBER 2023

FOR

BERWICK FINE WINES LTD

BERWICK FINE WINES LTD (REGISTERED NUMBER: 14542466)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 15 DECEMBER 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BERWICK FINE WINES LTD

COMPANY INFORMATION
FOR THE PERIOD 15 DECEMBER 2022 TO 31 DECEMBER 2023







DIRECTOR: S J M Coxon





REGISTERED OFFICE: No. 3 The Avenue
Palace Street East
Berwick Upon Tweed
TD15 1HS





REGISTERED NUMBER: 14542466 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

BERWICK FINE WINES LTD (REGISTERED NUMBER: 14542466)

BALANCE SHEET
31 DECEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,043

CURRENT ASSETS
Stocks 8,940
Debtors 5 2,839
Cash at bank 15,062
26,841
CREDITORS
Amounts falling due within one year 6 48,160
NET CURRENT LIABILITIES (21,319 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,276

)

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings (20,277 )
SHAREHOLDERS' FUNDS (20,276 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





S J M Coxon - Director


BERWICK FINE WINES LTD (REGISTERED NUMBER: 14542466)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 15 DECEMBER 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Berwick Fine Wines Ltd 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.

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 generated from the sale of alcoholic beverages within the shop and is recognised at the point of sale.

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

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

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Going concern
The director has considered the future cashflows of the company and the expected working capital available to the company for a period in excess of 12 months from the date of this report and is satisfied that the company will generate sufficient resources to continue operations. The financial statements have therefore been prepared on the going concern basis.

BERWICK FINE WINES LTD (REGISTERED NUMBER: 14542466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 15 DECEMBER 2022 TO 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,201
At 31 December 2023 1,201
DEPRECIATION
Charge for period 158
At 31 December 2023 158
NET BOOK VALUE
At 31 December 2023 1,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 2,126
Other debtors 713
2,839

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 5,009
Other creditors 43,151
48,160

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 6,000
Between one and five years 18,000
24,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1.00 1

1 Ordinary share of £1.00 was allotted and fully paid for cash at par during the period.

BERWICK FINE WINES LTD (REGISTERED NUMBER: 14542466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 15 DECEMBER 2022 TO 31 DECEMBER 2023

9. RELATED PARTY DISCLOSURES

During the period the director made an interest free loan to the company. As at 31 December 2023 the balance on the loan was £27,152.

During the year the company received an interest-free loan by a company related by way of a common director. As at 31 December 2023 the balance received was £14,499. No fixed repayment terms exist for this loan and the full balance is showing within Creditors: Amounts falling due within one year.