Silverfin false false 31/03/2024 01/04/2023 31/03/2024 M Maiano 03/03/2015 27 March 2025 The principal activity is that of wine merchants. 09466569 2024-03-31 09466569 bus:Director1 2024-03-31 09466569 2023-03-31 09466569 core:CurrentFinancialInstruments 2024-03-31 09466569 core:CurrentFinancialInstruments 2023-03-31 09466569 core:ShareCapital 2024-03-31 09466569 core:ShareCapital 2023-03-31 09466569 core:RetainedEarningsAccumulatedLosses 2024-03-31 09466569 core:RetainedEarningsAccumulatedLosses 2023-03-31 09466569 core:OfficeEquipment 2023-03-31 09466569 core:OfficeEquipment 2024-03-31 09466569 2023-04-01 2024-03-31 09466569 bus:FilletedAccounts 2023-04-01 2024-03-31 09466569 bus:SmallEntities 2023-04-01 2024-03-31 09466569 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09466569 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09466569 bus:Director1 2023-04-01 2024-03-31 09466569 core:OfficeEquipment core:TopRangeValue 2023-04-01 2024-03-31 09466569 2022-04-01 2023-03-31 09466569 core:OfficeEquipment 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 09466569 (England and Wales)

ONE TO WINE LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ONE TO WINE LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ONE TO WINE LTD

COMPANY INFORMATION

For the financial year ended 31 March 2024
ONE TO WINE LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTOR M Maiano
SECRETARY B Maiano
REGISTERED OFFICE Evelyn Partners Llp
14th Floor
103 Colmore Row
Birmingham
B3 3AG
United Kingdom
COMPANY NUMBER 09466569 (England and Wales)
ACCOUNTANT Evelyn Partners LLP
Portwall Place
Portwall Lane
Bristol
BS1 6NA
ONE TO WINE LTD

BALANCE SHEET

As at 31 March 2024
ONE TO WINE LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 67 200
67 200
Current assets
Stocks 47,964 47,964
Debtors 4 1,548 0
49,512 47,964
Creditors: amounts falling due within one year 5 ( 177,527) ( 162,383)
Net current liabilities (128,015) (114,419)
Total assets less current liabilities (127,948) (114,219)
Net liabilities ( 127,948) ( 114,219)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 128,048 ) ( 114,319 )
Total shareholder's deficit ( 127,948) ( 114,219)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of One to Wine Ltd (registered number: 09466569) were approved and authorised for issue by the Director on 27 March 2025. They were signed on its behalf by:

M Maiano
Director
ONE TO WINE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ONE TO WINE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

One to Wine Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Evelyn Partners Llp, 14th Floor, 103 Colmore Row, Birmingham, B3 3AG, United Kingdom.

The financial statements have been prepared in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Going concern

The company is reliant upon the support of its director and other creditors, who have agreed not to demand repayment of the balance due to them within the next 12 months and therefore the accounts have been prepared on a going concern basis.

Turnover

Turnover from the sale of wine is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover from the sale of wine is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods
Turnover from the sale of wine from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction;
and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 April 2023 4,322 4,322
At 31 March 2024 4,322 4,322
Accumulated depreciation
At 01 April 2023 4,122 4,122
Charge for the financial year 133 133
At 31 March 2024 4,255 4,255
Net book value
At 31 March 2024 67 67
At 31 March 2023 200 200

4. Debtors

2024 2023
£ £
VAT recoverable 1,548 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 170,896 155,980
Accruals 6,631 5,822
Other taxation and social security 0 581
177,527 162,383