BEYOND WINES LIMITED

Company Registration Number:
11979276 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

BEYOND WINES LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes

BEYOND WINES LIMITED

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 3,081 93,810
Tangible assets: 4 3,671 4,895
Investments:   0 0
Total fixed assets: 6,752 98,705
Current assets
Stocks: 5 34,332 48,861
Debtors: 6 310,348 171,331
Cash at bank and in hand: 187,840 6,545
Investments:   0 0
Total current assets: 532,520 226,737
Creditors: amounts falling due within one year: 7 ( 800,822 ) ( 294,578 )
Net current assets (liabilities): (268,302) (67,841)
Total assets less current liabilities: (261,550) 30,864
Creditors: amounts falling due after more than one year: 8 ( 15,146 ) ( 84,731 )
Provision for liabilities: ( 930 ) ( 930 )
Total net assets (liabilities): (277,626) (54,797)
Capital and reserves
Called up share capital: 20,250 200
Profit and loss account: (297,876 ) (54,997 )
Total Shareholders' funds: ( 277,626 ) (54,797)

The notes form part of these financial statements

BEYOND WINES LIMITED

Balance sheet statements

For the year ending 31 May 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.

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

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

This report was approved by the board of directors on 20 February 2025
and signed on behalf of the board by:

Name: Alexander Green
Status: Director

The notes form part of these financial statements

BEYOND WINES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    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, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit and loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Tangible fixed assets are stated at cost or valuation less depreciation.

    Intangible fixed assets amortisation policy

    Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Development costs are being amortised evenly over their estimated useful life of five years.

BEYOND WINES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 4

BEYOND WINES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 June 2023 147,073 147,073
Additions
Disposals ( 143,436 ) ( 143,436 )
Revaluations
Transfers
At 31 May 2024 3,637 3,637
Amortisation
At 1 June 2023 53,263 53,263
Charge for year
On disposals ( 52,707 ) ( 52,707 )
Other adjustments
At 31 May 2024 556 556
Net book value
At 31 May 2024 3,081 3,081
At 31 May 2023 93,810 93,810

BEYOND WINES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 9,924 0 9,924
Additions 1,495 1,495
Disposals
Revaluations
Transfers
At 31 May 2024 9,924 1,495 11,419
Depreciation
At 1 June 2023 5,029 0 5,029
Charge for year 2,345 374 2,719
On disposals
Other adjustments
At 31 May 2024 7,374 374 7,748
Net book value
At 31 May 2024 2,550 1,121 3,671
At 31 May 2023 4,895 0 4,895

BEYOND WINES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Stocks

2024 2023
£ £
Stocks 34,332 48,861
Total 34,332 48,861

BEYOND WINES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Debtors

2024 2023
£ £
Trade debtors 308,772 110,337
Prepayments and accrued income 1,076
Other debtors 500 60,994
Total 310,348 171,331

BEYOND WINES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 12,422 23,564
Trade creditors 350,535 120,764
Taxation and social security 157,159 25,228
Accruals and deferred income 121,321 1,109
Other creditors 159,385 123,913
Total 800,822 294,578

BEYOND WINES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

8. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 84,731
Other creditors 15,146
Total 15,146 84,731