Rodney Fletcher Vintners Ltd - Filleted accounts

Registered number

07228117

Rodney Fletcher Vintners Ltd

Filleted Accounts

31 March 2025

Rodney Fletcher Vintners Ltd
Registered number:		07228117
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	4		-			-
Tangible assets	5		-			-
			-			-

Current assets
Stocks		190,000			185,000
Debtors	6	104,679			103,926
Cash at bank and in hand		10,333			3,731
		305,012			292,657

Creditors: amounts falling due within one year	7	(226,572)			(206,025)

Net current assets			78,440			86,632

Total assets less current liabilities			78,440			86,632

Creditors: amounts falling due after more than one year	8		(17,577)			(28,068)



Net assets			60,863			58,564

Capital and reserves
Called up share capital			110			110
Profit and loss account			60,753			58,454

Shareholders' funds			60,863			58,564

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.


T Fletcher
Director
Approved by the board on 31 December 2025

Rodney Fletcher Vintners Ltd
Notes to the Accounts
for the year ended 31 March 2025


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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. The goodwill is amortised over its useful life of 10 years.

	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:

	Motor Vehicles			over 4 years
	Plant and machinery			over 4 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Directors Remuneration					2025		2024
£							£

	Directors remuneration - Tim Fletcher					12,000		12,000

						12,000		12,000


3	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


4	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							35,000
	At 31 March 2025							35,000

	Amortisation
	At 1 April 2024							35,000
	At 31 March 2025							35,000

	Net book value
	At 31 March 2025							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


5	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	-		12,877		25,195		38,072
	Additions					-		-
	Disposals					-
	At 31 March 2025	-		12,877		25,195		38,072

	Depreciation
	At 1 April 2024	-		12,877		25,195		38,072
	At 31 March 2025	-		12,877		25,195		38,072

	Net book value
	At 31 March 2025	-		-		-		-


6	Debtors					2025		2024
£							£

	Trade debtors					101,179		100,425
	Other debtors					3,500		3,501
						104,679		103,926


7	Creditors: amounts falling due within one year					2025		2024
£							£

	Accruals					1,489		1,489
	Bank loans and overdrafts					10,068		10,648
	Trade creditors					134,398		101,568
	Taxation and social security costs					14,473		20,551
	Other creditors					66,144		71,769
						226,572		206,025


8	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					17,577		28,068


9	Related party transactions

	At the year end, the loan balance due by the director was £11,678 (2024: £10,643). This amount was due and payable a year and a day after the year end of the disclosed accounts.


10	Controlling party

	Mr T Fletcher owns more than 50% of the total share capital and thereby controls the company


11	Other information

	Rodney Fletcher Vintners Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	C/O Premier Uk Business Lyndum House
	12-14 High Street
	Petersfield
	Hampshire
	GU32 3JG