Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01No description of principal activity89truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04019913 2023-04-01 2024-03-31 04019913 2024-03-31 04019913 2022-04-01 2023-03-31 04019913 2023-03-31 04019913 c:Director1 2023-04-01 2024-03-31 04019913 c:Director2 2023-04-01 2024-03-31 04019913 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 04019913 d:Buildings d:ShortLeaseholdAssets 2024-03-31 04019913 d:Buildings d:ShortLeaseholdAssets 2023-03-31 04019913 d:PlantMachinery 2023-04-01 2024-03-31 04019913 d:PlantMachinery 2024-03-31 04019913 d:PlantMachinery 2023-03-31 04019913 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04019913 d:OfficeEquipment 2023-04-01 2024-03-31 04019913 d:OfficeEquipment 2024-03-31 04019913 d:OfficeEquipment 2023-03-31 04019913 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04019913 d:ComputerEquipment 2023-04-01 2024-03-31 04019913 d:ComputerEquipment 2024-03-31 04019913 d:ComputerEquipment 2023-03-31 04019913 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04019913 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04019913 d:CurrentFinancialInstruments 2024-03-31 04019913 d:CurrentFinancialInstruments 2023-03-31 04019913 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04019913 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04019913 d:ShareCapital 2024-03-31 04019913 d:ShareCapital 2023-03-31 04019913 d:RetainedEarningsAccumulatedLosses 2024-03-31 04019913 d:RetainedEarningsAccumulatedLosses 2023-03-31 04019913 c:FRS102 2023-04-01 2024-03-31 04019913 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04019913 c:FullAccounts 2023-04-01 2024-03-31 04019913 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04019913 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 04019913







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


WINEWARE (RACKS AND ACCESSORIES) LIMITED






































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WINEWARE (RACKS AND ACCESSORIES) LIMITED
REGISTERED NUMBER:04019913



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible Assets
 4 
18,424
18,660

  
18,424
18,660

Current assets
  

Stocks
  
321,826
329,368

Debtors: amounts falling due within one year
 5 
21,693
189,205

Cash at bank and in hand
  
163,429
231,053

  
506,948
749,626

Creditors: amounts falling due within one year
 6 
(122,552)
(260,661)

Net current assets
  
 
 
384,396
 
 
488,965

Total assets less current liabilities
  
402,820
507,625

  

Net assets
  
402,820
507,625


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
401,820
506,625

  
402,820
507,625

Page 1

 


WINEWARE (RACKS AND ACCESSORIES) LIMITED
REGISTERED NUMBER:04019913


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 directors acknowledge their 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 on 18 October 2024.




................................................
C J Wellman
................................................
Mrs L M Wellman
Director
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 


WINEWARE (RACKS AND ACCESSORIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
Wineware (Racks & Accessories) Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

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.

Page 3

 


WINEWARE (RACKS AND ACCESSORIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Taxation

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.

 
2.6

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, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10%
on cost.
Plant and machinery
-
25%
on cost.
Office equipment
-
20%
on cost.
Computer equipment
-
33%
on cost.

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.

 
2.7

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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 


WINEWARE (RACKS AND ACCESSORIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 9).


4.


Tangible fixed assets





Leasehold property
Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
125,622
11,250
25,375
11,717
173,964


Additions
-
-
1,750
1,079
2,829



At 31 March 2024

125,622
11,250
27,125
12,796
176,793



Depreciation


At 1 April 2023
108,451
11,250
24,156
11,447
155,304


Charge for the year on owned assets
1,907
-
722
436
3,065



At 31 March 2024

110,358
11,250
24,878
11,883
158,369



Net book value



At 31 March 2024
15,264
-
2,247
913
18,424



At 31 March 2023
17,171
-
1,219
270
18,660

Page 5

 


WINEWARE (RACKS AND ACCESSORIES) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
20,287
117,229

Other debtors
482
67,245

Prepayments and accrued income
924
4,731

21,693
189,205



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
63,498
153,542

Corporation tax
8,310
54,020

Other taxation and social security
18,184
31,953

Other creditors
16,874
17,621

Accruals and deferred income
15,686
3,525

122,552
260,661


 
Page 6