Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Mr L B Belt 02/03/2020 Mr P B Delorme 15/05/2019 Mr I P Dovey 07/10/2024 Mr M C Francis 15/01/2013 Mr A J Gaskin 15/07/2023 Mr J W A Horton 01/08/2006 Mr N D John 18/02/2014 Mr I T Juckes 18/02/2003 Mr S C Mardell 19/05/2018 Mr C Miller 15/06/2017 Mr J Platt 08/02/2011 Mr C E C Wharton 10/11/2014 C E C Wharton 01 April 2025 The principal activity of the company is that of purchasing and promoting wines and spirits for the benefit of the members. 01293523 2024-09-30 01293523 bus:Director1 2024-09-30 01293523 bus:Director2 2024-09-30 01293523 bus:Director3 2024-09-30 01293523 bus:Director4 2024-09-30 01293523 bus:Director5 2024-09-30 01293523 bus:Director6 2024-09-30 01293523 bus:Director7 2024-09-30 01293523 bus:Director8 2024-09-30 01293523 bus:Director9 2024-09-30 01293523 bus:Director10 2024-09-30 01293523 bus:Director11 2024-09-30 01293523 bus:Director12 2024-09-30 01293523 core:CurrentFinancialInstruments 2024-09-30 01293523 core:CurrentFinancialInstruments 2023-09-30 01293523 2023-09-30 01293523 core:RetainedEarningsAccumulatedLosses 2024-09-30 01293523 core:RetainedEarningsAccumulatedLosses 2023-09-30 01293523 2023-10-01 2024-09-30 01293523 bus:FilletedAccounts 2023-10-01 2024-09-30 01293523 bus:SmallEntities 2023-10-01 2024-09-30 01293523 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 01293523 bus:CompanyLimitedByGuarantee 2023-10-01 2024-09-30 01293523 bus:Director1 2023-10-01 2024-09-30 01293523 bus:Director2 2023-10-01 2024-09-30 01293523 bus:Director3 2023-10-01 2024-09-30 01293523 bus:Director4 2023-10-01 2024-09-30 01293523 bus:Director5 2023-10-01 2024-09-30 01293523 bus:Director6 2023-10-01 2024-09-30 01293523 bus:Director7 2023-10-01 2024-09-30 01293523 bus:Director8 2023-10-01 2024-09-30 01293523 bus:Director9 2023-10-01 2024-09-30 01293523 bus:Director10 2023-10-01 2024-09-30 01293523 bus:Director11 2023-10-01 2024-09-30 01293523 bus:Director12 2023-10-01 2024-09-30 01293523 bus:Director13 2023-10-01 2024-09-30 01293523 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Company No: 01293523 (England and Wales)

I.W.B.C. LIMITED

(A company limited by guarantee)

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

I.W.B.C. LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

I.W.B.C. LIMITED

BALANCE SHEET

As at 30 September 2024
I.W.B.C. LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Current assets
Debtors 3 3,540 310
Cash at bank and in hand 21,691 16,026
25,231 16,336
Creditors: amounts falling due within one year 4 ( 21,337) ( 1,887)
Net current assets 3,894 14,449
Total assets less current liabilities 3,894 14,449
Net assets 3,894 14,449
Reserves
Profit and loss account 3,894 14,449
Total reserves 3,894 14,449

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

Directors' responsibilities:

The financial statements of I.W.B.C. Limited (registered number: 01293523) were approved and authorised for issue by the Board of Directors on 01 April 2025. They were signed on its behalf by:

C E C Wharton
Director
I.W.B.C. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
I.W.B.C. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 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

I.W.B.C. Limited (the Company) is a private company, limited by guarantee, 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 Unit 9c, A30 Business Park Lodge Way, Indian Queens, St. Columb, TR9 6FZ, 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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

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 Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Members' liability

The company is limited by guarantee, not having a share capital, and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £100.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Debtors

2024 2023
£ £
Corporation tax 686 0
Other debtors 2,854 310
3,540 310

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 20,037 0
Taxation and social security 0 686
Other creditors 1,300 1,201
21,337 1,887