5355753falseretailers of imported wine and servicing of sunbeds2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 5355753
FRENCHVINES LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Prepared By:
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
FRENCHVINES LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
DIRECTORS
U Suppiah
SECRETARY
C Suppiah
REGISTERED OFFICE
7 Josselin Court
Wollaston Industrial Estate
Basildon
Essex
SS13 1QE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 5355753
ACCOUNTANTS
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
FRENCHVINES LIMITED
ACCOUNTS
FOR THEYEARENDED31 MARCH 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
FRENCHVINES LIMITED
BALANCE SHEET AT 31 March 2024
20242023
Notes££
FIXED ASSETS
Tangible assets316,77022,360
CURRENT ASSETS
Stock22,02322,679
Debtors54,16311,687
Cash at bank and in hand4,1684,119
30,35438,485
CREDITORS: Amounts falling due within one year672,44064,025
NET CURRENT LIABILITIES(42,086)(25,540)
TOTAL ASSETS LESS CURRENT LIABILITIES(25,316)(3,180)
CREDITORS: Amounts falling due after more than one year74,3687,847
NET LIABILITIES(29,684)(11,027)
CAPITAL AND RESERVES
Called up share capital911
Profit and loss account(29,685)(11,028)
SHAREHOLDERS' FUNDS(29,684)(11,027)
For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14 August 2024 and signed on their behalf by
.............................
U Suppiah
Director
FRENCHVINES LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The company continues to make trading losses due to the economic environment.
The accounts have been prepared as a going concern on the basis that the director continues to support the company.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees11
FRENCHVINES LIMITED
3. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 1 April 202399,75899,758
At 31 March 202499,75899,758
Depreciation
At 1 April 202377,39877,398
For the year5,5905,590
At 31 March 202482,98882,988
Net Book Amounts
At 31 March 202416,77016,770
At 31 March 202322,36022,360
4. STOCK 20242023
££
Stock comprises:
Stock of finished goods22,02322,679
22,02322,679
5. DEBTORS 20242023
££
Amounts falling due within one year:
Trade debtors4,16311,687
4,16311,687
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Bank loans and overdrafts13,45415,903
Taxation and social security5,4724,680
Other creditors53,51443,442
72,44064,025
FRENCHVINES LIMITED
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans and overdrafts4,3687,847
4,3687,847
8. SECURED CREDITORS
20242023
££
Amount of bank loans and overdrafts which are secured2,6243,810
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
10. CONTROLLING PARTY
The ultimate controlling party is U Suppiah the director of the company.
11. RELATED PARTY TRANSACTIONS
At the balance sheet date the total outstanding to UV Light Limited was £28,739.