Acorah Software Products - Accounts Production 16.0.110 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12368563 Mr Harvey Gunn-Humphryes Mr Joshua Cooper Mr Judd Newell Mr Samuel Verghese iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12368563 2022-12-31 12368563 2023-12-31 12368563 2023-01-01 2023-12-31 12368563 frs-core:CurrentFinancialInstruments 2023-12-31 12368563 frs-core:ShareCapital 2023-12-31 12368563 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12368563 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12368563 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12368563 frs-bus:SmallEntities 2023-01-01 2023-12-31 12368563 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12368563 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12368563 frs-bus:Director1 2023-01-01 2023-12-31 12368563 frs-bus:Director2 2023-01-01 2023-12-31 12368563 frs-bus:Director3 2023-01-01 2023-12-31 12368563 frs-bus:Director4 2023-01-01 2023-12-31 12368563 frs-countries:EnglandWales 2023-01-01 2023-12-31 12368563 2021-12-31 12368563 2022-12-31 12368563 2022-01-01 2022-12-31 12368563 frs-core:CurrentFinancialInstruments 2022-12-31 12368563 frs-core:ShareCapital 2022-12-31 12368563 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12368563
Rebel Wines Group Ltd
Financial Statements
For The Year Ended 31 December 2023
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12368563
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 - 5,174
Debtors 5 - 2,019
Cash at bank and in hand 11 390
11 7,583
Creditors: Amounts Falling Due Within One Year 6 (29,521 ) (36,045 )
NET CURRENT ASSETS (LIABILITIES) (29,510 ) (28,462 )
TOTAL ASSETS LESS CURRENT LIABILITIES (29,510 ) (28,462 )
NET LIABILITIES (29,510 ) (28,462 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (29,610 ) (28,562 )
SHAREHOLDERS' FUNDS (29,510) (28,462)
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 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
Mr Harvey Gunn-Humphryes
Director
27/11/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Rebel Wines Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12368563 . The registered office is 1st Floor, 104 Oxford Street, London, Greater London, W1D 1LP.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis which assumes the continuing financial support of the directors.
2.3. 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. 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.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
The company has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.6. Taxation
Corporation tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Stocks
2023 2022
£ £
Finished goods - 5,174
Page 2
Page 3
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 2,019
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 7,381
VAT - 593
Other creditors 1,992 2,047
Accruals and deferred income 180 50
Directors' loan accounts 27,349 25,974
29,521 36,045
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 3