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Registered number: 07763516
Vinotopia Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Dark Consulting Ltd
34c High Street
Yatton
Bristol
BS49 4JA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07763516
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,874 76,120
61,874 76,120
CURRENT ASSETS
Stocks 5 95,481 100,344
Debtors 6 80,419 110,321
Cash at bank and in hand 39,648 27,029
215,548 237,694
Creditors: Amounts Falling Due Within One Year 7 (295,135 ) (263,462 )
NET CURRENT ASSETS (LIABILITIES) (79,587 ) (25,768 )
TOTAL ASSETS LESS CURRENT LIABILITIES (17,713 ) 50,352
Creditors: Amounts Falling Due After More Than One Year 8 (65,523 ) (79,164 )
NET LIABILITIES (83,236 ) (28,812 )
CAPITAL AND RESERVES
Called up share capital 10 330,000 330,000
Profit and Loss Account (413,236 ) (358,812 )
SHAREHOLDERS' FUNDS (83,236) (28,812)
Page 1
Page 2
For the year ending 31 December 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 directors acknowledge their 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
Mr Andrew Cole
Director
14/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Vinotopia Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07763516 . The registered office is Unit 61 Nailsworth Mills Estate, Avening Road, Nailsworth, Stroud, GL6 0BS.
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. 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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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 15%
Motor Vehicles 15%
Fixtures & Fittings 15%
Computer Equipment 15%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 12)
9 12
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 61,047 46,423 - 107,470
Additions - 1,350 855 2,205
As at 31 December 2024 61,047 47,773 855 109,675
Depreciation
As at 1 January 2024 13,907 17,443 - 31,350
Provided during the period 9,157 7,166 128 16,451
As at 31 December 2024 23,064 24,609 128 47,801
Net Book Value
As at 31 December 2024 37,983 23,164 727 61,874
As at 1 January 2024 47,140 28,980 - 76,120
5. Stocks
2024 2023
£ £
Stock 95,481 100,344
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 66,124 98,508
Prepayments and accrued income 14,295 11,813
80,419 110,321
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 238,172 217,078
Other taxes and social security 5,642 2,388
VAT 35,116 22,810
Accruals and deferred income 4,599 2,186
Directors' loan accounts 11,606 19,000
295,135 263,462
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 31,567 37,839
Bank loans 33,956 41,325
65,523 79,164
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Page 5
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 31,567 37,839
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 330,000 330,000
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