Vine & Wine Ltd - Limited company - abbreviated - 11.0.0
Vine & Wine Ltd - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 December 2013 |
| for |
| Vine & Wine Ltd |
| Vine & Wine Ltd (Registered number: 04838930) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 December 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Vine & Wine Ltd |
| Company Information |
| for the Year Ended 31 December 2013 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Vine & Wine Ltd (Registered number: 04838930) |
| Abbreviated Balance Sheet |
| 31 December 2013 |
| 2013 | 2012 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Vine & Wine Ltd (Registered number: 04838930) |
| Abbreviated Balance Sheet - continued |
| 31 December 2013 |
| The financial statements were approved by the Board of Directors on |
| Vine & Wine Ltd (Registered number: 04838930) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 December 2013 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents the value of goods sold during the period, net of VAT and trade discounts. Turnover is |
| recognised when goods are physically delivered to the customer. |
| Uninvoiced deliveries at the year-end are included in accrued income. Invoiced deliveries are included in |
| debtors. Where customers pay in advance for goods, the amount is recorded as deferred income until the goods |
| have been delivered. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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 are differences between the taxable profits and the results as stated in the |
| financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from |
| those in which they are recognised in the financial statements. |
| A net deferred tax asset is regarded as recoverable and therefore recognised only when it can be regarded as |
| more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing |
| differences can be deducted. |
| Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding |
| agreement to sell the revalued assets and the assets have been revalued to selling price. Neither is deferred tax |
| recognised when fixed assets are sold and it is more likely than not that the taxable gain will be rolled over, |
| being charged to tax only if and when replacement assets are sold. |
| Deferred tax is measured at the average rates that are expected to apply in the periods in which the timing |
| differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date. |
| Deferred tax is measured on a non-discounted basis. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2013 |
| Additions |
| At 31 December 2013 |
| DEPRECIATION |
| At 1 January 2013 |
| Charge for year |
| At 31 December 2013 |
| NET BOOK VALUE |
| At 31 December 2013 |
| At 31 December 2012 |
| Vine & Wine Ltd (Registered number: 04838930) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 December 2013 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2013 | 2012 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 December 2013 and |
| 31 December 2012: |
| 2013 | 2012 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| At the year-end an amount of £11,794 (2012: £9,351) was due to the directors. The loan is interest free and has |
| no fixed repayment terms. |
| 5. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £30,000 (2012 - £30,000) were paid to directors. |
| During the year the company made sales of £22,737 (2012: £12,147) and purchases of £2,158 (2012: £NIL) |
| between themselves and Once Upon A Tree Limited, a company which is associated with the directors of this |
| company, S R Day and Mrs H E Day. |
| At the year end, an amount of £10,752 (2012: £9,741) was outstanding from Once Upon A Tree Limited and |
| £1,464 (2012: £NIL) was due to Once Upon a Tree Limited. |
| 6. | ULTIMATE CONTROLLING PARTY |
| During the year, the company's ultimate controlling party was directors of the company. |