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REGISTERED NUMBER: 03149671 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Vinissimo Limited

Vinissimo Limited (Registered number: 03149671)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Vinissimo Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: P J E Santoro





SECRETARY: Miss C Santoro





REGISTERED OFFICE: Unit 8 Churchill Business Park
Hortons Way
Westerham
TN16 1BT





REGISTERED NUMBER: 03149671 (England and Wales)






Vinissimo Limited (Registered number: 03149671)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,180 46,318

CURRENT ASSETS
Stocks 383,540 379,462
Debtors 5 588,918 539,466
Cash at bank and in hand 660,743 502,768
1,633,201 1,421,696
CREDITORS
Amounts falling due within one year 6 819,326 715,893
NET CURRENT ASSETS 813,875 705,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

850,055

752,121

PROVISIONS FOR LIABILITIES 9,045 11,580
NET ASSETS 841,010 740,541

CAPITAL AND RESERVES
Called up share capital 9,800 9,800
Capital redemption reserve 500 500
Retained earnings 830,710 730,241
SHAREHOLDERS' FUNDS 841,010 740,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Vinissimo Limited (Registered number: 03149671)

Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





P J E Santoro - Director


Vinissimo Limited (Registered number: 03149671)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Vinissimo Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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 is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Vinissimo Limited (Registered number: 03149671)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 26,295 93,248 66,160 185,703
Additions - - 1,068 1,068
At 30 June 2024 26,295 93,248 67,228 186,771
DEPRECIATION
At 1 July 2023 24,527 58,673 56,185 139,385
Charge for year 354 8,644 2,208 11,206
At 30 June 2024 24,881 67,317 58,393 150,591
NET BOOK VALUE
At 30 June 2024 1,414 25,931 8,835 36,180
At 30 June 2023 1,768 34,575 9,975 46,318

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 521,236 514,292
Other debtors 67,682 25,174
588,918 539,466

Vinissimo Limited (Registered number: 03149671)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 510,040 423,515
Taxation and social security 203,992 179,576
Other creditors 105,294 112,802
819,326 715,893