REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 15 DECEMBER 2022 TO 31 DECEMBER 2023 |
FOR |
BERWICK FINE WINES LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is generated from the sale of alcoholic beverages within the shop and is recognised at the point of sale. |
Tangible fixed assets |
Furniture & fittings | - |
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 |
At 31 December 2023 |
DEPRECIATION |
Charge for period |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
Between one and five years |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1.00 | 1 |
1 Ordinary share of £1.00 was allotted and fully paid for |
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. |