East Kent Vineyard Tours Ltd 12403733 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Vineyard Tour Operator Digita Accounts Production Advanced 6.30.9574.0 true true 12403733 2023-02-01 2024-01-31 12403733 2024-01-31 12403733 core:RetainedEarningsAccumulatedLosses 2024-01-31 12403733 core:ShareCapital 2024-01-31 12403733 core:CurrentFinancialInstruments 2024-01-31 12403733 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 12403733 core:OfficeEquipment 2024-01-31 12403733 bus:SmallEntities 2023-02-01 2024-01-31 12403733 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12403733 bus:FilletedAccounts 2023-02-01 2024-01-31 12403733 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12403733 bus:RegisteredOffice 2023-02-01 2024-01-31 12403733 bus:Director1 2023-02-01 2024-01-31 12403733 bus:Director2 2023-02-01 2024-01-31 12403733 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12403733 core:OfficeEquipment 2023-02-01 2024-01-31 12403733 countries:EnglandWales 2023-02-01 2024-01-31 12403733 2023-01-31 12403733 core:OfficeEquipment 2023-01-31 12403733 2022-02-01 2023-01-31 12403733 2023-01-31 12403733 core:RetainedEarningsAccumulatedLosses 2023-01-31 12403733 core:ShareCapital 2023-01-31 12403733 core:CurrentFinancialInstruments 2023-01-31 12403733 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 12403733 core:OfficeEquipment 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 12403733

East Kent Vineyard Tours Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

East Kent Vineyard Tours Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

East Kent Vineyard Tours Ltd

Company Information

Directors

Mrs S Woodward

Mr P Woodward

Registered office

1-2 Rhodium Point
Spindle Close
Hawkinge
Folkestone
Kent
CT18 7TQ

 

East Kent Vineyard Tours Ltd

(Registration number: 12403733)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

237

355

Current assets

 

Debtors

5

35

35

Cash at bank and in hand

 

856

2,022

 

891

2,057

Creditors: Amounts falling due within one year

6

(3,012)

(2,130)

Net current liabilities

 

(2,121)

(73)

Net (liabilities)/assets

 

(1,884)

282

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(1,984)

182

Shareholders' (deficit)/funds

 

(1,884)

282

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 October 2024 and signed on its behalf by:
 

.........................................
Mrs S Woodward
Director

.........................................
Mr P Woodward
Director

 
     
 

East Kent Vineyard Tours Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1-2 Rhodium Point
Spindle Close
Hawkinge
Folkestone
Kent
CT18 7TQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

East Kent Vineyard Tours Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

East Kent Vineyard Tours Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 February 2023

1,200

1,200

At 31 January 2024

1,200

1,200

Depreciation

At 1 February 2023

845

845

Charge for the year

118

118

At 31 January 2024

963

963

Carrying amount

At 31 January 2024

237

237

At 31 January 2023

355

355

5

Debtors

Current

2024
£

2023
£

Prepayments

35

35

 

35

35

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

2,712

1,830

Accruals and deferred income

 

300

300

 

3,012

2,130

 

East Kent Vineyard Tours Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Directors current account

2,712

1,830