Registered number
12643288
Winerepublicuk Ltd
Filleted Accounts
30 June 2023
Winerepublicuk Ltd
Registered number: 12643288
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Tangible assets 3 32,295 40,369
Current assets
Stocks 120,000 125,000
Debtors 4 49,364 -
169,364 125,000
Creditors: amounts falling due within one year 5 (225,874) (122,798)
Net current (liabilities)/assets (56,510) 2,202
Net (liabilities)/assets (24,215) 42,571
Capital and reserves
Called up share capital 2 2
Profit and loss account (24,217) 42,569
Shareholders' funds (24,215) 42,571
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.
Mrs C L Pledger
Director
Approved by the board on 25 February 2025
Winerepublicuk Ltd
Notes to the Accounts
for the year ended 30 June 2023
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. 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.
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:
Fixtures, fittings, tools and equipment 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 41,376
At 30 June 2023 41,376
Depreciation
At 1 July 2022 1,007
Charge for the year 8,074
At 30 June 2023 9,081
Net book value
At 30 June 2023 32,295
At 30 June 2022 40,369
4 Debtors 2023 2022
£ £
Other debtors 49,364 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 23,473 2,351
Trade creditors 3,000 45,410
Taxation and social security costs 12,382 27,268
Other creditors 187,019 47,769
225,874 122,798
6 Loans to directors
At the year end the Director owed the Company £49,364.
7 Controlling party
The controlling party is A T Pledger by virtue of shareholding.
8 Other information
Winerepublicuk Ltd is a private company limited by shares and incorporated in England. Its registered office is:
6c Heol Y Deri
Rhiwbina
Cardiff
CF14 6HF
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