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REGISTERED NUMBER: 08174601 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Winzers LTD

Winzers LTD (Registered number: 08174601)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Winzers LTD (Registered number: 08174601)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 4,000 4,500
Tangible assets 5 11,625 14,232
15,625 18,732

CREDITORS
Amounts falling due within one year 6 153,961 137,888
NET CURRENT LIABILITIES (153,961 ) (137,888 )
TOTAL ASSETS LESS CURRENT LIABILITIES (138,336 ) (119,156 )

CREDITORS
Amounts falling due after more than one year 7 14,033 31,263
NET LIABILITIES (152,369 ) (150,419 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (152,370 ) (150,420 )
(152,369 ) (150,419 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





Mr R Lees - Director


Winzers LTD (Registered number: 08174601)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Winzers LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08174601

Registered office: 38 St. Annes Avenue
Middlewich
Cheshire
CW10 0AE

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis notwithstanding the deficit in net assets. The main creditors of the company are the related parties totalling £129,941 (2023 - £106,203). The director is satisfied that the shareholders are prepared to continue to support the company for the next year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.


Winzers LTD (Registered number: 08174601)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 10,000
AMORTISATION
At 1 September 2023 5,500
Amortisation for year 500
At 31 August 2024 6,000
NET BOOK VALUE
At 31 August 2024 4,000
At 31 August 2023 4,500

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 1,134 28,336 305 29,775
Additions - - 299 299
At 31 August 2024 1,134 28,336 604 30,074
DEPRECIATION
At 1 September 2023 852 14,466 225 15,543
Charge for year 56 2,774 76 2,906
At 31 August 2024 908 17,240 301 18,449
NET BOOK VALUE
At 31 August 2024 226 11,096 303 11,625
At 31 August 2023 282 13,870 80 14,232

Winzers LTD (Registered number: 08174601)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 28,336
DEPRECIATION
At 1 September 2023 14,466
Charge for year 2,774
At 31 August 2024 17,240
NET BOOK VALUE
At 31 August 2024 11,096
At 31 August 2023 13,870

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,617 6,192
Hire purchase contracts 2,256 4,999
Trade creditors 1,938 5,045
Taxation and social security - 2,885
Other creditors 142,150 118,767
153,961 137,888

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,033 16,660
Hire purchase contracts - 14,603
14,033 31,263

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,562 5,188

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 2,256 19,602

The hire purchase is secured against the asset to which it relates.