Acorah Software Products - Accounts Production 16.3.350 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 13863121 Mrs L Jackson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13863121 2024-01-31 13863121 2025-01-31 13863121 2024-02-01 2025-01-31 13863121 frs-core:CurrentFinancialInstruments 2025-01-31 13863121 frs-core:Non-currentFinancialInstruments 2025-01-31 13863121 frs-core:PlantMachinery 2025-01-31 13863121 frs-core:PlantMachinery 2024-02-01 2025-01-31 13863121 frs-core:PlantMachinery 2024-01-31 13863121 frs-core:ShareCapital 2025-01-31 13863121 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 13863121 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13863121 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 13863121 frs-bus:SmallEntities 2024-02-01 2025-01-31 13863121 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 13863121 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13863121 frs-bus:Director1 2024-02-01 2025-01-31 13863121 frs-countries:EnglandWales 2024-02-01 2025-01-31 13863121 2023-01-31 13863121 2024-01-31 13863121 2023-02-01 2024-01-31 13863121 frs-core:CurrentFinancialInstruments 2024-01-31 13863121 frs-core:Non-currentFinancialInstruments 2024-01-31 13863121 frs-core:ShareCapital 2024-01-31 13863121 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 13863121
Wines by the Sea Ltd
Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13863121
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 417 1,767
417 1,767
CURRENT ASSETS
Stocks 5 - 6,102
Debtors 6 - 939
Cash at bank and in hand - 10,868
- 17,909
Creditors: Amounts Falling Due Within One Year 7 (15,855 ) (14,341 )
NET CURRENT ASSETS (LIABILITIES) (15,855 ) 3,568
TOTAL ASSETS LESS CURRENT LIABILITIES (15,438 ) 5,335
Creditors: Amounts Falling Due After More Than One Year 8 - (9,462 )
NET LIABILITIES (15,438 ) (4,127 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (15,538 ) (4,227 )
SHAREHOLDERS' FUNDS (15,438) (4,127)
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs L Jackson
Director
31 May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Wines by the Sea Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13863121 . The registered office is 40 Uplands Crescent, Fareham, PO16 7JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The directors have reviewed the company’s financial position, including expected future cash flows, and have concluded that it is appropriate to prepare the financial statements on a going concern basis. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2024 3,784
Disposals (3,043 )
As at 31 January 2025 741
Depreciation
As at 1 February 2024 2,017
Provided during the period 139
Disposals (1,832 )
As at 31 January 2025 324
Net Book Value
As at 31 January 2025 417
As at 1 February 2024 1,767
Page 2
Page 3
5. Stocks
2025 2024
£ £
Stock - 6,102
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 93
Other debtors - 846
- 939
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts - 3,946
Other creditors 15,855 8,445
Taxation and social security - 1,950
15,855 14,341
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 9,462
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included within other creditors is the amount of £15,855 owed to the director (2024 - £5,561). This amount is
undated, unsecured, interest free and repayable upon demand.
Page 3