Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity55false 07560082 2023-01-01 2023-12-31 07560082 2022-01-01 2022-12-31 07560082 2023-12-31 07560082 2022-12-31 07560082 2022-01-01 07560082 c:Director1 2023-01-01 2023-12-31 07560082 d:MotorVehicles 2023-01-01 2023-12-31 07560082 d:MotorVehicles 2023-12-31 07560082 d:MotorVehicles 2022-12-31 07560082 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07560082 d:FurnitureFittings 2023-01-01 2023-12-31 07560082 d:FurnitureFittings 2023-12-31 07560082 d:FurnitureFittings 2022-12-31 07560082 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07560082 d:OfficeEquipment 2023-01-01 2023-12-31 07560082 d:OfficeEquipment 2023-12-31 07560082 d:OfficeEquipment 2022-12-31 07560082 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07560082 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07560082 d:Goodwill 2023-01-01 2023-12-31 07560082 d:Goodwill 2023-12-31 07560082 d:Goodwill 2022-12-31 07560082 d:CurrentFinancialInstruments 2023-12-31 07560082 d:CurrentFinancialInstruments 2022-12-31 07560082 d:Non-currentFinancialInstruments 2023-12-31 07560082 d:Non-currentFinancialInstruments 2022-12-31 07560082 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07560082 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07560082 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07560082 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07560082 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 07560082 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 07560082 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 07560082 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 07560082 d:ShareCapital 2023-12-31 07560082 d:ShareCapital 2022-12-31 07560082 d:RetainedEarningsAccumulatedLosses 2023-12-31 07560082 d:RetainedEarningsAccumulatedLosses 2022-12-31 07560082 c:FRS102 2023-01-01 2023-12-31 07560082 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07560082 c:FullAccounts 2023-01-01 2023-12-31 07560082 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07560082 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07560082 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07560082 2 2023-01-01 2023-12-31 07560082 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 07560082 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 07560082 d:LeasedAssetsHeldAsLessee 2023-12-31 07560082 d:LeasedAssetsHeldAsLessee 2022-12-31 07560082 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 07560082 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 07560082










THE NAKED GRAPE WINE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE NAKED GRAPE WINE LIMITED
REGISTERED NUMBER: 07560082

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,000
6,000

Tangible fixed assets
  
17,887
15,484

  
20,887
21,484

Current assets
  

Stocks
 6 
138,441
128,912

Debtors: amounts falling due within one year
 7 
34,103
35,483

Cash at bank and in hand
 8 
51,731
70,769

  
224,275
235,164

Creditors: amounts falling due within one year
 9 
(183,246)
(173,796)

Net current assets
  
 
 
41,029
 
 
61,368

Total assets less current liabilities
  
61,916
82,852

Creditors: amounts falling due after more than one year
 10 
(22,112)
(35,922)

Provisions for liabilities
  

Deferred tax
 12 
(2,934)
(2,870)

  
 
 
(2,934)
 
 
(2,870)

Net assets
  
36,870
44,060


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
36,868
44,058

  
36,870
44,060


Page 1

 
THE NAKED GRAPE WINE LIMITED
REGISTERED NUMBER: 07560082
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






S L Evans
Director
Date: 23 September 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
THE NAKED GRAPE WINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company, which was incorporated and registered in England and Wales (registered number 07560082), is a privately owned company limited by shares. The registered office address is The Old Exchange, Station Road, Alresford, Hampshire, SO24 9JG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
THE NAKED GRAPE WINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
THE NAKED GRAPE WINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.14

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
THE NAKED GRAPE WINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.16

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 6

 
THE NAKED GRAPE WINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
40,000



At 31 December 2023

40,000



Amortisation


At 1 January 2023
34,000


Charge for the year on owned assets
3,000



At 31 December 2023

37,000



Net book value



At 31 December 2023
3,000



At 31 December 2022
6,000



Page 7

 
THE NAKED GRAPE WINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
17,352
23,494
5,715
46,561


Additions
-
6,784
829
7,613



At 31 December 2023

17,352
30,278
6,544
54,174



Depreciation


At 1 January 2023
7,592
19,785
3,700
31,077


Charge for the year on owned assets
2,440
2,058
711
5,209



At 31 December 2023

10,032
21,843
4,411
36,286



Net book value



At 31 December 2023
7,320
8,435
2,133
17,888



At 31 December 2022
9,760
3,709
2,015
15,484

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
7,320
9,760

7,320
9,760


6.


Stocks

2023
2022
£
£

Finished goods and goods for resale
138,441
128,912

138,441
128,912


Page 8

 
THE NAKED GRAPE WINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
23,867
18,935

Other debtors
8,966
13,640

Prepayments and accrued income
1,270
2,908

34,103
35,483



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
51,731
70,769

51,731
70,769



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,106
9,851

Trade creditors
47,660
42,161

Corporation tax
-
704

Other taxation and social security
21,098
23,345

Obligations under finance lease and hire purchase contracts
3,687
3,250

Other creditors
98,195
93,235

Accruals and deferred income
2,500
1,250

183,246
173,796


Page 9

 
THE NAKED GRAPE WINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
16,507
26,630

Net obligations under finance leases and hire purchase contracts
5,605
9,292

22,112
35,922



11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,106
9,851


10,106
9,851

Amounts falling due 1-2 years

Bank loans
10,361
10,106


10,361
10,106

Amounts falling due 2-5 years

Bank loans
6,145
16,523


6,145
16,523


26,612
36,480


Page 10

 
THE NAKED GRAPE WINE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Deferred taxation




2023
2022


£

£






At beginning of year
(2,870)
(3,470)


Charged to profit or loss
(64)
600



At end of year
(2,934)
(2,870)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(2,934)
(2,870)

(2,934)
(2,870)


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,087 (2022- £2,364). There were £509 (2022 : £378)  payable at the year end.

 
Page 11