16
01/07/2023
30/06/2024
2024-06-30
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No description of principal activities is disclosed
2023-07-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
02935817
2023-07-01
2024-06-30
02935817
2024-06-30
02935817
2023-06-30
02935817
2022-07-01
2023-06-30
02935817
2023-06-30
02935817
2022-06-30
02935817
core:PlantMachinery
2023-07-01
2024-06-30
02935817
core:FurnitureFittingsToolsEquipment
2023-07-01
2024-06-30
02935817
core:MotorVehicles
2023-07-01
2024-06-30
02935817
bus:OrdinaryShareClass1
2023-07-01
2024-06-30
02935817
bus:Director1
2023-07-01
2024-06-30
02935817
core:PlantMachinery
2023-06-30
02935817
core:FurnitureFittingsToolsEquipment
2023-06-30
02935817
core:MotorVehicles
2023-06-30
02935817
core:PlantMachinery
2024-06-30
02935817
core:FurnitureFittingsToolsEquipment
2024-06-30
02935817
core:MotorVehicles
2024-06-30
02935817
core:WithinOneYear
2024-06-30
02935817
core:WithinOneYear
2023-06-30
02935817
core:AfterOneYear
2024-06-30
02935817
core:AfterOneYear
2023-06-30
02935817
core:ShareCapital
2024-06-30
02935817
core:ShareCapital
2023-06-30
02935817
core:CapitalRedemptionReserve
2024-06-30
02935817
core:CapitalRedemptionReserve
2023-06-30
02935817
core:RetainedEarningsAccumulatedLosses
2024-06-30
02935817
core:RetainedEarningsAccumulatedLosses
2023-06-30
02935817
bus:OrdinaryShareClass1
core:ShareCapital
2024-06-30
02935817
bus:OrdinaryShareClass1
core:ShareCapital
2023-06-30
02935817
bus:OrdinaryShareClass1
2023-06-30
02935817
bus:OrdinaryShareClass1
2024-06-30
02935817
core:BetweenOneFiveYears
2024-06-30
02935817
core:BetweenOneFiveYears
2023-06-30
02935817
core:MoreThanFiveYears
2024-06-30
02935817
core:MoreThanFiveYears
2023-06-30
02935817
core:CostValuation
core:Non-currentFinancialInstruments
2024-06-30
02935817
core:Non-currentFinancialInstruments
2024-06-30
02935817
core:Non-currentFinancialInstruments
2023-06-30
02935817
core:PlantMachinery
2023-06-30
02935817
core:FurnitureFittingsToolsEquipment
2023-06-30
02935817
core:MotorVehicles
2023-06-30
02935817
core:LeasedAssetsHeldAsLessee
core:MotorVehicles
2024-06-30
02935817
core:LeasedAssetsHeldAsLessee
core:MotorVehicles
2023-06-30
02935817
bus:Director1
2023-06-30
02935817
bus:Director1
2024-06-30
02935817
bus:Director1
2022-06-30
02935817
bus:Director1
2023-06-30
02935817
bus:Director1
2022-07-01
2023-06-30
02935817
bus:SmallEntities
2023-07-01
2024-06-30
02935817
bus:AuditExemptWithAccountantsReport
2023-07-01
2024-06-30
02935817
bus:SmallCompaniesRegimeForAccounts
2023-07-01
2024-06-30
02935817
bus:PrivateLimitedCompanyLtd
2023-07-01
2024-06-30
02935817
bus:FullAccounts
2023-07-01
2024-06-30
02935817
1
2023-07-01
2024-06-30
Company registration number:
02935817
Sensible Wine Services Limited
Unaudited filleted financial statements
30 June 2024
Sensible Wine Services Limited
Contents
Statement of financial position
Notes to the financial statements
Sensible Wine Services Limited
Statement of financial position
30 June 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
2 |
96,790 |
|
|
|
64,182 |
|
|
Investments |
|
3 |
100 |
|
|
|
100 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
96,890 |
|
|
|
64,282 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
270,000 |
|
|
|
230,000 |
|
|
Debtors |
|
4 |
275,309 |
|
|
|
367,439 |
|
|
Cash at bank and in hand |
|
|
152,035 |
|
|
|
226,728 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
697,344 |
|
|
|
824,167 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
5 |
(
120,704) |
|
|
|
(
114,660) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
576,640 |
|
|
|
709,507 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
673,530 |
|
|
|
773,789 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
6 |
|
|
(
72,879) |
|
|
|
(
80,000) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
23,323) |
|
|
|
(
16,046) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
577,328 |
|
|
|
677,743 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
7 |
|
|
26 |
|
|
|
50 |
Capital redemption reserve |
|
|
|
|
74 |
|
|
|
50 |
Profit and loss account |
|
|
|
|
577,228 |
|
|
|
677,643 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
577,328 |
|
|
|
677,743 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
02 January 2025
, and are signed on behalf of the board by:
Mr Peter Franz
Director
Company registration number:
02935817
Sensible Wine Services Limited
Notes to the financial statements
Year ended 30 June 2024
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
20 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
20 % |
reducing balance |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates
.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
1.
Employee numbers
The average number of persons employed by the company, including directors, during the year amounted to 16 (2023: 17).
2.
Tangible assets
|
|
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 July 2023 |
157,546 |
114,917 |
85,744 |
358,207 |
|
|
|
|
Additions |
- |
3,500 |
48,178 |
51,678 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 30 June 2024 |
157,546 |
118,417 |
133,922 |
409,885 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 July 2023 |
151,807 |
99,716 |
42,502 |
294,025 |
|
|
|
|
Charge for the year |
1,146 |
3,098 |
14,826 |
19,070 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 30 June 2024 |
152,953 |
102,814 |
57,328 |
313,095 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 June 2024 |
4,593 |
15,603 |
76,594 |
96,790 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 30 June 2023 |
5,739 |
15,201 |
43,242 |
64,182 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
Obligations under finance leases
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
|
|
|
|
|
|
|
|
|
|
|
Motor vehicles |
|
|
|
|
|
|
|
|
£ |
|
|
|
|
|
|
|
At 30 June 2024 |
44,163 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
At 30 June 2023 |
8,377 |
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.
Investments
|
|
Other investments other than loans |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 July 2023 and 30 June 2024 |
100 |
100 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 July 2023 and 30 June 2024 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 30 June 2024 |
100 |
100 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 June 2023 |
100 |
100 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
4.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
81,625 |
140,656 |
|
Other debtors |
|
193,684 |
226,783 |
|
|
|
_______ |
_______ |
|
|
|
275,309 |
367,439 |
|
|
|
_______ |
_______ |
|
|
|
|
|
5.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
40,000 |
42,374 |
|
Trade creditors |
|
9,819 |
32,045 |
|
Social security and other taxes |
|
13,041 |
17,554 |
|
Other creditors |
|
57,844 |
22,687 |
|
|
|
_______ |
_______ |
|
|
|
120,704 |
114,660 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other creditors |
|
72,879 |
80,000 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
Ordinary shares shares of £
1.00 each |
|
26 |
|
26 |
|
50 |
|
50 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
Share movements
|
|
|
No |
£ |
|
Ordinary shares : |
|
|
|
|
At 1 July 2023 |
|
50 |
50 |
|
Shares redeemed |
|
24 |
100 |
|
|
|
_______ |
_______ |
|
At 30 June 2024 |
|
26 |
26 |
|
|
|
_______ |
_______ |
|
|
|
|
|
On 22 August 2023, the company purchased its own shares for the sum of £168,000 from the shareholder, Karl Franz.
8.
Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
|
|
|
£ |
£ |
|
|
|
Not later than 1 year |
157,838 |
157,838 |
Later than 1 year and not later than 5 years |
631,252 |
631,252 |
Later than 5 years |
420,901 |
578,739 |
|
_______ |
_______ |
|
1,209,991 |
1,367,829 |
|
_______ |
_______ |
|
|
|
9.
Directors advances, credits and guarantees
|
During the year the director entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr Peter Franz |
87,745 |
23,678 |
(
46,750) |
64,673 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr Peter Franz |
81,049 |
6,696 |
- |
87,745 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|