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Registration number: 13679475

GW Vine Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

GW Vine Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

GW Vine Limited

Company Information

Director

Mr Joseph Vine

Registered office

The Peacock
26 London Road
Peterborough
Cambs
PE2 8AR

 

GW Vine Limited

(Registration number: 13679475)
Balance Sheet as at 31 October 2023

Note

2023

2022

   

£

£

£

£

Fixed Assets

   

 

Tangible Assets

4

 

10,176

 

2,452

Current assets

   

 

Debtors

5

-

 

2,096

 

Cash at bank and in hand

 

2,322

 

9,949

 

 

2,322

 

12,045

 

Creditors: Amounts falling due within one year

6

(42,927)

 

(15,221)

 

Net current liabilities

   

(40,605)

 

(3,176)

Net liabilities

   

(30,429)

 

(724)

Capital and Reserves

   

 

Called up share capital

7

1

 

1

 

Retained Earnings

(30,430)

 

(725)

 

Shareholders' deficit

   

(30,429)

 

(724)

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 October 2024
 

.........................................
Mr Joseph Vine
Director

   
     
 

GW Vine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

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:
The Peacock
26 London Road
Peterborough
Cambs
PE2 8AR
United Kingdom

These financial statements were authorised for issue by the director on 19 October 2024.

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.

 

GW Vine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

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:

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

GW Vine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible Assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2022

-

3,270

3,270

Additions

10,676

-

10,676

At 31 October 2023

10,676

3,270

13,946

Depreciation

At 1 November 2022

-

818

818

Charge for the year

2,135

817

2,952

At 31 October 2023

2,135

1,635

3,770

Carrying amount

At 31 October 2023

8,541

1,635

10,176

At 31 October 2022

-

2,452

2,452

5

Debtors

Current

2023
£

2022
£

Other debtors

-

2,096

 

-

2,096

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade Creditors

4,127

-

Accruals and deferred income

1,000

1,221

Other creditors

37,800

14,000

42,927

15,221

7

Share capital

Allotted, called up and fully paid shares

 

GW Vine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

2023

2022

No.

£

No.

£

Ordinary of £1 each

1

1

1

1