Erik Laan Fine Wines Limited - Accounts to registrar (filleted) - small 18.2
Erik Laan Fine Wines Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2020 |
| for |
| Erik Laan Fine Wines Limited |
| Erik Laan Fine Wines Limited (Registered number: 04768821) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2020 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Erik Laan Fine Wines Limited |
| Company Information |
| for the Year Ended 30 June 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Unit 111, The Light Bulb |
| 1 Filament Walk |
| London |
| SW18 4GQ |
| Erik Laan Fine Wines Limited (Registered number: 04768821) |
| Abridged Balance Sheet |
| 30 June 2020 |
| 30.6.20 | 30.6.19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| 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. |
| Erik Laan Fine Wines Limited (Registered number: 04768821) |
| Abridged Balance Sheet - continued |
| 30 June 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Erik Laan Fine Wines Limited (Registered number: 04768821) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2020 |
| 1. | STATUTORY INFORMATION |
| Erik Laan Fine Wines Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Government grants |
| Government grants are credited to income in the year in which they are received. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Erik Laan Fine Wines Limited (Registered number: 04768821) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 July 2019 |
| Additions |
| Disposals | ( |
) |
| At 30 June 2020 |
| DEPRECIATION |
| At 1 July 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 June 2020 |
| NET BOOK VALUE |
| At 30 June 2020 |
| At 30 June 2019 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Totals |
| £ |
| COST |
| At 1 July 2019 | 33,340 |
| Additions | 9,500 |
| Disposals | (18,910 | ) |
| At 30 June 2020 | 23,930 |
| DEPRECIATION |
| At 1 July 2019 | 18,822 |
| Charge for year | 5,786 |
| Eliminated on disposal | (16,710 | ) |
| At 30 June 2020 | 7,898 |
| NET BOOK VALUE |
| At 30 June 2020 | 16,032 |
| At 30 June 2019 | 14,518 |
| The net book value of motor vehicles includes £16,032 (2019 £16,091) in respect of assets held under hire purchase. The amount of depreciation in respect of such assets amounted to £7,898 (2019 £8,839). |
| Erik Laan Fine Wines Limited (Registered number: 04768821) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2020 |
| 5. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 30.6.20 | 30.6.19 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable operating | leases |
| 30.6.20 | 30.6.19 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 6. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.6.20 | 30.6.19 |
| £ | £ |
| Bank overdraft |
| Other loans |
| The bank overdraft and bank loans are secured on guarantees by the directors. |
| 7. | RELATED PARTY DISCLOSURES |
| The director R Devitt provided loan finance of £100,000 to the company, at the year end £10,000 (2019 £11,359) was outstanding. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The controlling party is CE Laan. |