LEYLAND WINE LIMITED

Company Registration Number:
07564832 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

LEYLAND WINE LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2024

Balance sheet
Notes

LEYLAND WINE LIMITED

Balance sheet

As at 29 February 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 68,456 33,063
Total fixed assets: 68,456 33,063
Current assets
Stocks: 99,500 112,077
Debtors:   502,078 2,318
Cash at bank and in hand: 57,121 498,140
Total current assets: 658,699 612,535
Creditors: amounts falling due within one year: 4 (123,580) (122,928)
Net current assets (liabilities): 535,119 489,607
Total assets less current liabilities: 603,575 522,670
Creditors: amounts falling due after more than one year:   (78,094) (105,513)
Total net assets (liabilities): 525,481 417,157
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 525,480 417,156
Shareholders funds: 525,481 417,157

The notes form part of these financial statements

LEYLAND WINE LIMITED

Balance sheet statements

For the year ending 29 February 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 November 2024
and signed on behalf of the board by:

Name: Yu Chit Cheung
Status: Director

The notes form part of these financial statements

LEYLAND WINE LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LEYLAND WINE LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

2. Employees

2024 2023
Average number of employees during the period 6 6

LEYLAND WINE LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 72,236
Additions 51,242
At 29 February 2024 123,478
Depreciation
At 01 March 2023 39,173
Charge for year 15,849
At 29 February 2024 55,022
Net book value
At 29 February 2024 68,456
At 28 February 2023 33,063

LEYLAND WINE LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Creditors: amounts falling due within one year note

The bank loans re secured on the assets held by the company, and by personal guarantee from the Director.

LEYLAND WINE LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Loans to directors

Name of director receiving advance or credit: Yu Chit Cheung
Description of the loan: Directors Loan Account
£
Balance at 01 March 2023 2,153
Advances or credits made: 658,630
Advances or credits repaid: 155,939
Balance at 29 February 2024 504,844

The Directors Loan Account for 2024 is shown within other debtors, 2023 is shown within current liabilities. This is an interest free loan and is repayable on demand.