Gilbey Wine and Food Company Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01176669 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

Gilbey Wine and Food Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

The Hon M C Gilbey

The Hon W J Gilbey

Mrs L Gilbey

Mrs C S Gilbey

SECRETARY:

The Hon M C Gilbey

REGISTERED OFFICE:

82-83 High Street

Eton

Windsor

Berkshire

SL4 6AF

REGISTERED NUMBER:

01176669 (England and Wales)

ACCOUNTANT:

Resolve-Tax and Accounts Ltd

Suite 6, Bulldog House

London Road

Twyford

Berkshire

RG10 9EU

FIXED ASSETS

Tangible assets

2

68,158

78,103

CURRENT ASSETS

Stocks

38,470

23,798

Debtors

1,450,014

330,479

Cash at bank and in hand

46,657

24,818

1,535,141

379,095

CREDITORS

Amounts falling due within one year

1,602,175

464,168

NET CURRENT LIABILITIES

(67,034

)

(85,073

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,124

(6,970

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,024

(7,070

)

SHAREHOLDERS' FUNDS

1,124

(6,970

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 March 2015 and were signed on its behalf by:

The Hon M C Gilbey - Director

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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

15% on reducing balance

Stocks

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

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

481,838

Additions

3,903

At 30 June 2014

485,741

DEPRECIATION

At 1 July 2013

403,735

Charge for year

13,848

At 30 June 2014

417,583

NET BOOK VALUE

At 30 June 2014

68,158

At 30 June 2013

78,103

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

100

Ordinary

£1

100

100