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Registered number: 13999869
Willow & Vine Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13999869
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,552 2,646
2,552 2,646
CURRENT ASSETS
Debtors 5 1,095 707
Cash at bank and in hand 2,895 437
3,990 1,144
Creditors: Amounts Falling Due Within One Year 6 (43,098 ) (35,174 )
NET CURRENT ASSETS (LIABILITIES) (39,108 ) (34,030 )
TOTAL ASSETS LESS CURRENT LIABILITIES (36,556 ) (31,384 )
Creditors: Amounts Falling Due After More Than One Year 7 (27,606 ) (12,200 )
NET LIABILITIES (64,162 ) (43,584 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (64,262 ) (43,684 )
SHAREHOLDERS' FUNDS (64,162) (43,584)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Margaret Curry
Director
13/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Willow & Vine Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13999869 . The registered office is Unit 24 B Village Endeavour Park, Baker Road, Nelson Park West, Cramlington, NE23 1XA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 1)
3 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 3,175 - 3,175
Additions - 651 651
As at 31 March 2024 3,175 651 3,826
Depreciation
As at 1 April 2023 529 - 529
Provided during the period 661 84 745
As at 31 March 2024 1,190 84 1,274
Net Book Value
As at 31 March 2024 1,985 567 2,552
As at 1 April 2023 2,646 - 2,646
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Page 4
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Prepayments and accrued income 1,095 -
VAT - 707
1,095 707
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 369 -
Other taxes and social security 54 90
VAT 49 -
Other creditors - 771
Director's loan account 42,626 34,313
43,098 35,174
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Amounts owed to other participating interests 27,606 12,200
8. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
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