2025-06-01 2026-05-31 09603776 Vine Wine Limited false 09603776 2025-06-01 2026-05-31 09603776 uk-bus:Director1 2025-06-01 2026-05-31 09603776 uk-bus:AuditExempt-NoAccountantsReport 2025-06-01 2026-05-31 09603776 uk-bus:SmallEntities 2025-06-01 2026-05-31 09603776 uk-bus:FullAccounts 2025-06-01 2026-05-31 09603776 uk-bus:PrivateLimitedCompanyLtd 2025-06-01 2026-05-31 09603776 2025-06-01 09603776 2026-05-31 09603776 2025-05-31 xbrli:pure iso4217:GBP 09603776 2024-06-01 2025-05-31

Company Registration Number : 09603776 (England and Wales)
09603776
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2026-05-31
false
Vine Wine Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2025-06-01
Vine Wine Limited Unaudited filleted financial statements For the year ended 31 May 2026

Vine Wine Limited Contents For the year ended 31 May 2026

CONTENTS | PAGE
Company Information | 3
Statement of Financial Position | 4
Notes to the Financial Statements | 5 - 7

Vine Wine Limited Company Information For the year ended 31 May 2026

Company registration number |  | 09603776 (England and Wales)
Directors |  | Patrick Magill
|  | Sophie Magill
Registered office address |  | The Old Emporium
|  | Bow Street
|  | Langport
|  | Somerset
|  | TA10 9PQ
Accountant |  | Chalmers & Co (SW) Limited
|  | Chartered Accountants
|  | The Old Emporium
|  | Bow Street, Langport, Somerset
|  | TA10 9PQ
|  | UK
Bank |  | Barclays
|  | 46 North St
|  | Taunton
|  | England
|  | TA1 1LZ
|  | UK

Vine Wine Limited Statement of Financial Position For the year ended 31 May 2026

|  |  | 2026 |  | 2025
| Notes |  | £ |  | £
Fixed assets |  |  |  |  |
Property, plant and equipment |  |  | 20,891 |  | 7,981
| 9 |  | 20,891 |  | 7,981
Current assets |  |  |  |  |
Inventories |  |  | 44,894 |  | 50,100
Debtors | 5 |  | 52,624 |  | 54,270
Cash and cash equivalents |  |  | 27,141 |  | 46,450
|  |  | 124,658 |  | 150,820
Current liabilities |  |  |  |  |
Creditors: Amounts falling due within one year | 6 |  | (114,681) |  | (129,018)
Corporation tax payable |  |  | (10,664) |  | (14,994)
|  |  | (125,344) |  | (144,012)
Net current (liabilities)/assets |  |  | (686) |  | 6,807
Total assets less current liabilities |  |  | 20,205 |  | 14,788
Non-current liabilities |  |  |  |  |
Creditors: Amounts falling due after more than one year | 7 |  | (13,972) |  | (833)
Provisions for liabilities |  |  | - |  | (1,995)
Net assets/(liabilities) |  |  | 6,234 |  | 11,960
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Retained earnings |  |  | 6,233 |  | 11,959
Shareholder's funds |  |  | 6,234 |  | 11,960
For the year ended 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 31 May 2026 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 24 July 2026
.............................
Patrick Magill (Director)
Company registration number: 09603776

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */

Balance sheet at 2026-05-31 31 May 2026
|  |  |  | 2026 |  | 2025
|  |  |  | £ |  | £
Fixed Assets |  |  |  | 20,891 |  | 7,981
Current Assets |  |  |  | 124,658 |  | 150,235
Cash in Hand/Bank |  |  |  | 27,141 |  | 46,450
Prepayments and accrued income |  |  |  | 0 |  | 585
Creditors: amounts falling due within one year |  |  |  | (125,344) |  | (144,012)
Net current assets/(liabilities) |  |  |  | (686) |  | 6,807
Total assets less current liabilities |  |  |  | 20,205 |  | 14,788
CREDITORS: Amounts falling due more than one year |  |  |  | (13,972) |  | (833)
Provisions for liabilities |  |  |  | 0 |  | (1,995)
Net Assets/(liabilities) |  |  |  | 6,234 |  | 11,960
Capital and Reserves |  |  |  | 6,234 |  | 11,960
Called up share capital |  |  |  | 1 |  | 1
Profit and loss account |  |  |  | 6,233 |  | 11,959
SHAREHOLDER'S FUND |  |  |  | 6,234 |  | 11,960
For the year ending 31/05/2026 the company was entitled to exemption 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. For the year ending 31-05-2026 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 24 July 2026 2026-07-24 and signed on behalf of the board, |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Patrick Magill |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |
Company registration number: 09603776 |  |  |  |  |  |  |  |  |  |

Vine Wine Limited Notes to the Financial Statements For the year ended 31 May 2026

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is The Old Emporium, Bow Street, Langport, Somerset, TA10 9PQ.
(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.
(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Tangible assets
Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows: Plant & Machinery - 25% reducing balance basis and 3 years straight line Motor Vehicles - 25% reducing balance
Asset class and depreciation rate
Land and Buildings |
Plant and Machinery |
Short Leasehold Properties |
Investment Properties |
Long Leasehold Properties |
Commercial Vehicles |
Fixtures and Fittings |
Equipment |
Motor Cars |
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, cash and cash equivalents, trade and other payables, and loans and borrowings. Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instruments. Financial assets and financial liabilities are initially measured at fair value.
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases. Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income statement. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, the aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis over the lease period.
Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(4) Employees
During the year, the average number of employees including director was 2 (2025 : 1).
(5) Debtors
(6) Creditors: Amounts falling due within one year
| 2026 |  | 2025
| £ |  | £
Trade creditors | 101,248 |  | 103,569
Bank loans and overdrafts | 834 |  | 10,000
Finance leases | 4,299 |  | -
Other taxes and social security | 800 |  | 7,086
Other creditors | 5,352 |  | 6,442
Accruals and deferred income | 2,148 |  | 1,920
| 114,681 |  | 129,017
(7) Creditors: Amounts falling due after more than one year
| 2026 |  | 2025
| £ |  | £
Bank loans and overdrafts | - |  | 833
Finance leases | 13,972 |  | -
| 13,972 |  | 833
(8) Related party transactions
Included in creditors, amount falling due within one year, is an amount of £3,903 (2025: £6,442) owed to the director of the company. This amount is interest free and repayable on demand.
(9) Fixed assets
| Tangible £
Cost |
As at 01 June 2025 | 40,385
Additions | 22,934
Disposals | (24,540)
As at 31 May 2026 | 38,779
Depreciation/Amortisation |
As at 01 June 2025 | 32,404
For the year | 6,607
Write off on disposals | (21,124)
As at 31 May 2026 | 17,887
Net book value |
As at 31 May 2026 | 20,892
As at 31 May 2025 | 7,981