CALIFORNIA WINES LIMITED

Company Registration Number:
10246979 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

CALIFORNIA WINES LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

CALIFORNIA WINES LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 10,054 12,913
Total fixed assets: 10,054 12,913
Current assets
Stocks: 30,000 40,000
Debtors: 4 44,148 103,847
Cash at bank and in hand: 515,821 286,533
Total current assets: 589,969 430,380
Creditors: amounts falling due within one year:   (91,578) (35,742)
Net current assets (liabilities): 498,391 394,638
Total assets less current liabilities: 508,445 407,551
Creditors: amounts falling due after more than one year:   (20,167) (27,500)
Total net assets (liabilities): 488,278 380,051
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 488,276 380,049
Shareholders funds: 488,278 380,051

The notes form part of these financial statements

CALIFORNIA WINES LIMITED

Balance sheet statements

For the year ending 30 June 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 20 December 2024
and signed on behalf of the board by:

Name: Mr Gopithas Gnanasekaran
Status: Director

The notes form part of these financial statements

CALIFORNIA WINES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 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

Turnover policy

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.

Tangible fixed assets and depreciation policy

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: Plant & Machinery 25% Reducing balance Motor Vehicles 25% Reducing balance Fixtures & Fittings 25% Reducing balance Computer Equipment 25% Reducing balance

CALIFORNIA WINES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

CALIFORNIA WINES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 34,571
Additions 493
At 30 June 2024 35,064
Depreciation
At 01 July 2023 21,658
Charge for year 3,352
At 30 June 2024 25,010
Net book value
At 30 June 2024 10,054
At 30 June 2023 12,913

CALIFORNIA WINES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 82,393

CALIFORNIA WINES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Loans to directors

Name of director receiving advance or credit: Mr Kajan Thayalan
Description of the loan: The loan is unsecured and repayable on demand
£
Balance at 01 July 2023 7,927
Advances or credits made: 19,399
Advances or credits repaid: 7,927
Balance at 30 June 2024 19,399
Name of director receiving advance or credit: Mr Gopithas Gnanasekaran
Description of the loan: Loan is unsecured and repayable on demand
£
Balance at 01 July 2023 7,927
Advances or credits made: 19,399
Advances or credits repaid: 7,927
Balance at 30 June 2024 19,399