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Company Registration No. 11003760 (England and Wales)
WB SPIRITS LTD Unaudited accounts for the year ended 31 October 2024
WB SPIRITS LTD Unaudited accounts Contents
Page
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WB SPIRITS LTD Company Information for the year ended 31 October 2024
Director
Mr Sotir Balla
Company Number
11003760 (England and Wales)
Registered Office
Post Office Vaults Market Place Wantage Oxfordshire OX12 8AT
Accountants
J JENKIN & ASSOCIATES LIMITED POST OFFICE VAULTS 4 MARKET PLACE WANTAGE OXFORDSHIRE OX12 8AT
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WB SPIRITS LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,960 
2,053 
Current assets
Inventories
20,000 
12,000 
Debtors
924 
6,427 
Cash at bank and in hand
835 
5,549 
21,759 
23,976 
Creditors: amounts falling due within one year
(26,570)
(30,435)
Net current liabilities
(4,811)
(6,459)
Total assets less current liabilities
(2,851)
(4,406)
Creditors: amounts falling due after more than one year
(5,743)
(11,952)
Net liabilities
(8,594)
(16,358)
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
(18,594)
(26,358)
Shareholders' funds
(8,594)
(16,358)
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2025 and were signed on its behalf by
Mr Sotir Balla Director Company Registration No. 11003760
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WB SPIRITS LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
WB SPIRITS LTD is a private company, limited by shares, registered in England and Wales, registration number 11003760. The registered office is Post Office Vaults, Market Place, Wantage, Oxfordshire, OX12 8AT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The company reports a loss for the year and the balance sheet shows net liabilities. The director has assured that with his support, the company is able to trade for the foreseeable future.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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WB SPIRITS LTD Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
9,419 
650 
10,069 
Additions
1,054 
- 
1,054 
At 31 October 2024
10,473 
650 
11,123 
Depreciation
At 1 November 2023
7,759 
257 
8,016 
Charge for the year
984 
163 
1,147 
At 31 October 2024
8,743 
420 
9,163 
Net book value
At 31 October 2024
1,730 
230 
1,960 
At 31 October 2023
1,660 
393 
2,053 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
924 
6,427 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,600 
6,600 
VAT
14,136 
4,891 
Trade creditors
5,401 
17,816 
Taxes and social security
433 
313 
Other creditors
- 
815 
26,570 
30,435 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,743 
11,952 
8
Average number of employees
During the year the average number of employees was 5 (2023: 3).
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