Dynamic Vines Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05530826 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DYNAMIC VINES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F M Grappe

REGISTERED OFFICE:

Unit 5

Discovery Business Park

Saint James Road

London

SE16 4RA

REGISTERED NUMBER:

05530826 (England and Wales)

ACCOUNTANTS:

Liles Morris Limited

1st Floor

80 Coombe Road

New Malden

Surrey

KT3 4QS

FIXED ASSETS

Intangible assets

5

47,024

-

Tangible assets

6

408,726

40,402

455,750

40,402

CURRENT ASSETS

Stocks

2,937,474

3,149,711

Debtors

7

341,086

442,043

Cash at bank

890

2,958

3,279,450

3,594,712

CREDITORS

Amounts falling due within one year

8

1,240,744

1,105,465

NET CURRENT ASSETS

2,038,706

2,489,247

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,494,456

2,529,649

CREDITORS

Amounts falling due after more than one year

9

(265,948

)

(251,162

)

PROVISIONS FOR LIABILITIES

(70,718

)

-

NET ASSETS

2,157,790

2,278,487

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

2,157,789

2,278,486

SHAREHOLDERS' FUNDS

2,157,790

2,278,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 July 2025 and were signed by:

F M Grappe - Director

1.	STATUTORY INFORMATION

Dynamic Vines Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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 on delivery to customer.

Intangible assets

Intangible assets represent Computer Software costs. Computer software is initially measured at cost and after initial recognition, recognised at cost less accumulated amortisation and accumulated impairment losses.

Computer Software is being amortised evenly over its estimated useful life of 3 years.

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.

Shop Improvements

-

Over term of lease

Shop fixtures, fittings and equipment

-

over 4 years

Warehouse equipment

-

over 4 years

Fixtures and fittings

-

over 4 years

Motor vehicles

-

over 3 years

Computer equipment

-

over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 April 2024

58,960

Additions

52,900

Disposals

(58,960

)

At 31 March 2025

52,900

AMORTISATION

At 1 April 2024

58,960

Amortisation for year

5,876

Eliminated on disposal

(58,960

)

At 31 March 2025

5,876

NET BOOK VALUE

At 31 March 2025

47,024

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Shop

fixtures,

fittings

Shop

and

Warehouse

Improvements

equipment

£

COST

At 1 April 2024

-

41,867

Additions

246,508

187,166

-

At 31 March 2025

246,508

187,166

41,867

DEPRECIATION

At 1 April 2024

-

34,964

Charge for year

28,759

15,597

3,444

At 31 March 2025

28,759

15,597

38,408

NET BOOK VALUE

At 31 March 2025

217,749

171,569

3,459

At 31 March 2024

-

6,903

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

39,522

49,835

9,855

141,079

Additions

1,710

-

435,384

At 31 March 2025

41,232

49,835

9,855

576,463

DEPRECIATION

At 1 April 2024

39,522

23,533

2,658

100,677

Charge for year

432

16,608

2,220

67,060

At 31 March 2025

39,954

40,141

4,878

167,737

NET BOOK VALUE

At 31 March 2025

1,278

9,694

4,977

408,726

At 31 March 2024

-

26,302

7,197

40,402

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Shop

fixtures,

fittings

and

Motor

equipment

vehicles

Totals

£

COST

At 1 April 2024

-

49,835

Additions

63,360

-

63,360

At 31 March 2025

63,360

49,835

113,195

DEPRECIATION

At 1 April 2024

-

23,533

Charge for year

5,697

16,608

22,305

At 31 March 2025

5,697

40,141

45,838

NET BOOK VALUE

At 31 March 2025

57,663

9,694

67,357

At 31 March 2024

-

26,302

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

242,852

357,190

Other debtors

98,234

84,853

341,086

442,043

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

104,854

39,323

Hire purchase contracts

28,988

13,482

Trade creditors

853,919

667,462

Taxation and social security

243,296

363,847

Other creditors

9,687

21,351

1,240,744

1,105,465

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

201,329

38,528

Hire purchase contracts

64,619

22,481

Other creditors

-

190,153

265,948

251,162

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

FFE SPV 2 Limited

216,349

-

FFE SPV 2 Limited holds a fixed and floating charge over the present and future assets of the company with reference to all current and future monies, liabilities and obligations owed to them.

11.	OTHER FINANCIAL COMMITMENTS

The company had total commitments for property rental leasing contracts of £843,237 (2024: £1,036,782) at the balance sheet date.

12.	RELATED PARTY DISCLOSURES

The company maintained a loan account with the director. As at the year end date of 31 March 2025 the company owed the director £889 (2024 : £190,153).

During the year under review the company paid the director £27,079 (2024: £40,500) in relation to rent of rooms in the directors home.