Silverfin false false 30/04/2024 01/05/2023 30/04/2024 D Cartwright 12/01/2000 M Cartwright 12/01/2000 R Cartwright 01/07/2009 S West 25/02/2022 08 April 2025 The principal activity of the company is that of a wine distributor and provides consultancy advice to the wine industry. 03892908 2024-04-30 03892908 bus:Director1 2024-04-30 03892908 bus:Director2 2024-04-30 03892908 bus:Director3 2024-04-30 03892908 bus:Director4 2024-04-30 03892908 2023-04-30 03892908 core:CurrentFinancialInstruments 2024-04-30 03892908 core:CurrentFinancialInstruments 2023-04-30 03892908 core:Non-currentFinancialInstruments 2024-04-30 03892908 core:Non-currentFinancialInstruments 2023-04-30 03892908 core:ShareCapital 2024-04-30 03892908 core:ShareCapital 2023-04-30 03892908 core:RetainedEarningsAccumulatedLosses 2024-04-30 03892908 core:RetainedEarningsAccumulatedLosses 2023-04-30 03892908 core:Vehicles 2023-04-30 03892908 core:ComputerEquipment 2023-04-30 03892908 core:Vehicles 2024-04-30 03892908 core:ComputerEquipment 2024-04-30 03892908 bus:OrdinaryShareClass1 2024-04-30 03892908 2023-05-01 2024-04-30 03892908 bus:FilletedAccounts 2023-05-01 2024-04-30 03892908 bus:SmallEntities 2023-05-01 2024-04-30 03892908 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 03892908 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03892908 bus:Director1 2023-05-01 2024-04-30 03892908 bus:Director2 2023-05-01 2024-04-30 03892908 bus:Director3 2023-05-01 2024-04-30 03892908 bus:Director4 2023-05-01 2024-04-30 03892908 core:Vehicles 2023-05-01 2024-04-30 03892908 core:ComputerEquipment core:TopRangeValue 2023-05-01 2024-04-30 03892908 2022-05-01 2023-04-30 03892908 core:ComputerEquipment 2023-05-01 2024-04-30 03892908 core:Non-currentFinancialInstruments 2023-05-01 2024-04-30 03892908 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 03892908 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03892908 (England and Wales)

CARTWRIGHT BROTHERS VINTNERS LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

CARTWRIGHT BROTHERS VINTNERS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

CARTWRIGHT BROTHERS VINTNERS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
CARTWRIGHT BROTHERS VINTNERS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 495 586
495 586
Current assets
Stocks 36,510 36,744
Debtors 4 41,954 29,710
Cash at bank and in hand 2,949 1,340
81,413 67,794
Creditors: amounts falling due within one year 5 ( 141,986) ( 143,615)
Net current liabilities (60,573) (75,821)
Total assets less current liabilities (60,078) (75,235)
Creditors: amounts falling due after more than one year 6 ( 11,304) ( 20,835)
Net liabilities ( 71,382) ( 96,070)
Capital and reserves
Called-up share capital 7 10,000 10,000
Profit and loss account ( 81,382 ) ( 106,070 )
Total shareholders' deficit ( 71,382) ( 96,070)

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Cartwright Brothers Vintners Limited (registered number: 03892908) were approved and authorised for issue by the Board of Directors on 08 April 2025. They were signed on its behalf by:

M Cartwright
Director
CARTWRIGHT BROTHERS VINTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
CARTWRIGHT BROTHERS VINTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 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

Cartwright Brothers Vintners Limited (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 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future despite net liabilities of £72,484 (2023: £96,070). Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements as the director has confirmed continued support will be provided to the company

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods sold in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

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:

Vehicles 25 % reducing balance
Computer equipment 3 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.

Leases

The Company as lessee
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 12

3. Tangible assets

Vehicles Computer equipment Total
£ £ £
Cost
At 01 May 2023 15,560 1,576 17,136
Additions 0 712 712
At 30 April 2024 15,560 2,288 17,848
Accumulated depreciation
At 01 May 2023 15,560 990 16,550
Charge for the financial year 0 803 803
At 30 April 2024 15,560 1,793 17,353
Net book value
At 30 April 2024 0 495 495
At 30 April 2023 0 586 586

4. Debtors

2024 2023
£ £
Other debtors 41,954 29,710

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 38,053 35,776
Trade creditors 59,564 63,260
Taxation and social security 28,574 13,133
Other creditors 15,795 31,446
141,986 143,615

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 11,304 20,835

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 1.00 each 10,000 10,000

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Directors 1 5,933 811

9. Operating lease commitments

Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follow:

2024 2023
£ £
Within one year 15,554 13,970

10. Reserves

Profit and loss reverse

Retained earnings represents accumulated comprehensive income for the year and prior periods less dividends paid.