Registered number
06348554
GREASBY FOOD AND WINES (WIRRAL) LIMITED
Filleted Accounts
30 September 2024
GREASBY FOOD AND WINES (WIRRAL) LIMITED
Registered number: 06348554
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 67,000 67,000
Tangible assets 4 7,703 9,894
74,703 76,894
Current assets
Stocks 95,776 100,442
Cash at bank and in hand 21,186 17,822
116,962 118,264
Creditors: amounts falling due within one year 5 (174,942) (169,307)
Net current liabilities (57,980) (51,043)
Total assets less current liabilities 16,723 25,851
Creditors: amounts falling due after more than one year 6 (17,391) (25,473)
Net (liabilities)/assets (668) 378
Capital and reserves
Called up share capital 100 100
Profit and loss account (768) 278
Shareholder's funds (668) 378
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Parminder Kaur Lally
Director
Approved by the board on 25 June 2025
GREASBY FOOD AND WINES (WIRRAL) LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 67,000
At 30 September 2024 67,000
Amortisation
At 30 September 2024 -
Net book value
At 30 September 2024 67,000
At 30 September 2023 67,000
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 28,865
At 30 September 2024 28,865
Depreciation
At 1 October 2023 18,971
Charge for the year 2,191
At 30 September 2024 21,162
Net book value
At 30 September 2024 7,703
At 30 September 2023 9,894
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 17,607 11,707
Corporation tax 12,012 9,803
Other taxes and social security costs 5,028 31,952
Other creditors 140,295 115,845
174,942 169,307
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,391 25,473
7 Other information
GREASBY FOOD AND WINES (WIRRAL) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
95
Arrowe Road
Wirral
CH49 1RY
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