Registered number
10713377
THE AVENUE WINE LIMITED
Filleted Accounts
30 April 2024
THE AVENUE WINE LIMITED
Registered number: 10713377
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,355 1,694
Current assets
Stocks 72,369 73,049
Debtors 4 1,628 -
Cash at bank and in hand 6,528 6,267
80,525 79,316
Creditors: amounts falling due within one year 5 (36,740) (37,753)
Net current assets 43,785 41,563
Net assets 45,140 43,257
Capital and reserves
Called up share capital 1 1
Profit and loss account 45,139 43,256
Shareholders' funds 45,140 43,257
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Yilmaz Yalcinkaya
Director
Approved by the board on 20 January 2025
THE AVENUE WINE LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 4,137
At 30 April 2024 4,137
Depreciation
At 1 May 2023 2,443
Charge for the year 339
At 30 April 2024 2,782
Net book value
At 30 April 2024 1,355
At 30 April 2023 1,694
4 Debtors 2024 2023
£ £
Trade debtors 1,628 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 11,257 10,453
Taxation and social security costs 2,116 1,031
Other creditors 23,367 26,269
36,740 37,753
6 Controlling party
Yilmaz Yalcinkaya
7 Other information
THE AVENUE WINE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
50 Rosebury Avenue
London
EC1R 4RP
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