Accounts Submission

Accounts Submission

THE WINE EDUCATION SERVICE LIMITED - Company Information

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THE WINE EDUCATION SERVICE LIMITED

Company Registration Number:
04512634 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

Page 1

THE WINE EDUCATION SERVICE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

Page 2

THE WINE EDUCATION SERVICE LIMITED

Company Information

for the Period Ended 31 March 2020




Director: Mr A M Leckie
Dr M L Franks
Secretary: Dr M L Franks
Registered office: 18
Hazel Gardens
Edgware
England
HA8 8PB
Company Registration Number: 04512634 (England and Wales)

Page 3

THE WINE EDUCATION SERVICE LIMITED

Directors' Report Period Ended 31 March 2020

The directors present their report with the financial statements of the company for the period ended 31 March 2020

Principal Activities

The provision of training and consultancy particularly in wine and wine related fields

Directors

The directors shown below have held office during the whole of the period from 01 April 2019 to 31 March 2020
Mr A M Leckie
Dr M L Franks

Secretary
Dr M L Franks

This report was approved by the board of directors on 15 June 2020
And Signed On Behalf Of The Board By:

Name: Dr M L Franks
Status: Director

Page 4

THE WINE EDUCATION SERVICE LIMITED

Profit and Loss Account

for the Period Ended 31 March 2020


Notes
2020
£
2019
£
Turnover 9,844 13,689
Cost of sales (2,841) (3,252)
Gross Profit or (Loss) 7,003 10,437
Distribution Costs (0) (18)
Administrative Expenses (11,557) (14,462)
Other operating income 0 0
Operating Profit or (Loss) (4,554) (4,043)
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges (0) (0)
Profit or (Loss) Before Tax (4,554) (4,043)
Tax on Profit (0) (0)
Profit or (Loss) for Period (4,554) (4,043)

The notes form part of these financial statements

Page 5

THE WINE EDUCATION SERVICE LIMITED

Balance sheet

As at 31 March 2020


Notes
2020
£
2019
£
Fixed assets
Intangible assets: 4 50,000 50,000
Total fixed assets: 50,000 50,000
Current assets
Stocks: 12,549 12,873
Debtors: 5 1,787 2,788
Cash at bank and in hand: 500 1,006
Total current assets: 14,836 16,667
Creditors: amounts falling due within one year: 6 ( 29,132 ) ( 26,409 )
Net current assets (liabilities): ( 14,296 ) ( 9,742 )
Total assets less current liabilities: 35,704 40,258
Total net assets (liabilities): 35,704 40,258

The notes form part of these financial statements

Page 6

THE WINE EDUCATION SERVICE LIMITED

Balance sheet continued

As at 31 March 2020


Notes
2020
£
2019
£
Capital and reserves
Called up share capital: 50,100 50,100
Profit and loss account: ( 14,396 ) ( 9,842 )
Shareholders funds: 35,704 40,258

For the year ending 31 March 2020 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.

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 June 2020
And Signed On Behalf Of The Board By:

Name: Dr M L Franks
Status: Director

The notes form part of these financial statements

Page 7

THE WINE EDUCATION SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Page 8

THE WINE EDUCATION SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 2. Employees


    2020
    2019
    Average number of employees during the period 0 0

Page 9

THE WINE EDUCATION SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

  • 3. Off balance sheet disclosure

    No

Page 10

THE WINE EDUCATION SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Intangible assets

Goodwill Total
Cost £ £
At 01 April 2019 50,000 50,000
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2020 50,000 50,000
Amortisation
Amortisation at 01 April 2019 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 March 2020 - -
Net book value
Net book value at 31 March 2020 50,000 50,000
Net book value at 31 March 2019 50,000 50,000

Page 11

THE WINE EDUCATION SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

5. Debtors


2020
£
2019
£
Trade debtors 1,787 2,788
Total 1,787 2,788

Page 12

THE WINE EDUCATION SERVICE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

6.Creditors: amounts falling due within one year note


2020
£
2019
£
Trade creditors 29,132 26,409
Total 29,132 26,409

Page 13