IRIS Accounts Production v24.3.0.553 07513190 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075131902023-01-31075131902024-01-31075131902023-02-012024-01-31075131902022-01-31075131902022-02-012023-01-31075131902023-01-3107513190ns15:EnglandWales2023-02-012024-01-3107513190ns14:PoundSterling2023-02-012024-01-3107513190ns10:Director12023-02-012024-01-3107513190ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3107513190ns10:SmallEntities2023-02-012024-01-3107513190ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3107513190ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3107513190ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107513190ns10:FullAccounts2023-02-012024-01-3107513190ns10:Director22023-02-012024-01-3107513190ns10:RegisteredOffice2023-02-012024-01-3107513190ns5:CurrentFinancialInstruments2024-01-3107513190ns5:CurrentFinancialInstruments2023-01-3107513190ns5:Non-currentFinancialInstruments2024-01-3107513190ns5:Non-currentFinancialInstruments2023-01-3107513190ns5:ShareCapital2024-01-3107513190ns5:ShareCapital2023-01-3107513190ns5:RetainedEarningsAccumulatedLosses2024-01-3107513190ns5:RetainedEarningsAccumulatedLosses2023-01-3107513190ns5:PlantMachinery2023-02-012024-01-3107513190ns5:PlantMachinery2023-01-3107513190ns5:PlantMachinery2024-01-3107513190ns5:PlantMachinery2023-01-3107513190ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3107513190ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3107513190ns5:Secured2024-01-3107513190ns5:Secured2023-01-31
REGISTERED NUMBER: 07513190 (England and Wales)















Ffarm Vintners Limited

Unaudited Financial Statements for the Year Ended 31 January 2024






Ffarm Vintners Limited (Registered number: 07513190)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ffarm Vintners Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr J Platt
Mr S C Appleton-Davies





REGISTERED OFFICE: Unit 1
Council Street West
Llandudno
LL30 1ED





REGISTERED NUMBER: 07513190 (England and Wales)





ACCOUNTANTS: Pritchett & Co
Chartered Accountants and Chartered Tax Advisers
16 Wynnstay Road
Colwyn Bay
Conwy
LL29 8NB

Ffarm Vintners Limited (Registered number: 07513190)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,797 18,394

CURRENT ASSETS
Stocks 237,653 203,085
Debtors 5 286,400 198,182
Cash at bank - 10,726
524,053 411,993
CREDITORS
Amounts falling due within one year 6 216,659 126,997
NET CURRENT ASSETS 307,394 284,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

321,191

303,390

CREDITORS
Amounts falling due after more than
one year

7

(18,333

)

(28,333

)

PROVISIONS FOR LIABILITIES (3,315 ) (3,500 )
NET ASSETS 299,543 271,557

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 299,443 271,457
299,543 271,557

Ffarm Vintners Limited (Registered number: 07513190)

Balance Sheet - continued
31 January 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





Mr J Platt - Director


Ffarm Vintners Limited (Registered number: 07513190)

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

1. STATUTORY INFORMATION

Ffarm Vintners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Ffarm Vintners Limited (Registered number: 07513190)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 February 2023
and 31 January 2024 77,308
DEPRECIATION
At 1 February 2023 58,914
Charge for year 4,597
At 31 January 2024 63,511
NET BOOK VALUE
At 31 January 2024 13,797
At 31 January 2023 18,394

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 150,394 107,833
Other debtors 136,006 90,349
286,400 198,182

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 40,425 -
Hire purchase contracts - 1,684
Trade creditors 63,900 23,060
Taxation and social security 69,479 59,507
Other creditors 42,855 42,746
216,659 126,997

Ffarm Vintners Limited (Registered number: 07513190)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/1/24 31/1/23
£    £   
Other creditors 18,333 28,333

8. SECURED DEBTS

The following secured debts are included within creditors:

31/1/24 31/1/23
£    £   
Bank overdraft 40,425 -
Hire purchase contracts - 1,684
40,425 1,684

The company's overdraft is secured by a floating charge over its assets. Hire purchase liabilities are secured against the asset to which the finance relates.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors is £88,215 due from a director, which comprises of the debtor balance at 31 January 2023 of £55,911, amounts advanced to the director in the year of £91,404 and amounts repaid by the director in the year of £59,100. Included in debtors is £45,175 due from a director, which comprises of the debtor balance at 31 January 2023 of £31,822, amounts advanced to the director in the year of £45,176 and amounts repaid by the director in the year of £31,823. Interest has been charged on the average balance at the official rate.