Laurence Philippe Wines Limited Filleted accounts for Companies House (small and micro)
Laurence Philippe Wines Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
01552679
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
7 |
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--------- |
--------- |
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Net current assets |
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--------- |
--------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
– |
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--------- |
--------- |
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Net assets |
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--------- |
--------- |
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Capital and reserves
Called up share capital |
8 |
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Profit and loss account |
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--------- |
--------- |
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Shareholders funds |
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--------- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
12 July 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
01552679
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Notes to the Financial Statements |
Year ended 30th April 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Brewery Fields, Great Baddow, Chelmsford, Essex.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property |
- |
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Plant and equipment |
- |
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Motor vehicles |
- |
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Stocks
Finance leases and hire purchase contracts
Provisions
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
6
(2020:
10
).
5.
Tangible assets
Land and buildings |
Plant and machinery |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1st May 2020 and 30th April 2021 |
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------- |
------- |
-------- |
-------- |
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Depreciation |
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At 1st May 2020 |
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Charge for the year |
– |
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------- |
------- |
-------- |
-------- |
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At 30th April 2021 |
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------- |
------- |
-------- |
-------- |
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Carrying amount |
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At 30th April 2021 |
– |
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------- |
------- |
-------- |
-------- |
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At 30th April 2020 |
– |
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------- |
------- |
-------- |
-------- |
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6.
Debtors
2021 |
2020 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Corporation tax repayable |
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Director's loan account |
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Other debtors |
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– |
--------- |
--------- |
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--------- |
--------- |
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7.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
Trade creditors |
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Accruals and deferred income |
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Obligations under finance leases and hire purchase contracts |
– |
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Other taxes and social security |
11,430 |
14,807 |
Other creditors |
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– |
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--------- |
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8.
Called up share capital
Authorised share capital
2021 |
2020 |
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No. |
£ |
No. |
£ |
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10,000 |
10,000 |
10,000 |
10,000 |
-------- |
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Issued, called up and fully paid
2021 |
2020 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
---- |
---- |
---- |
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9.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2021 |
2020 |
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£ |
£ |
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Not later than 1 year |
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------- |
------- |
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10.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2021 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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---- |
---- |
---- |
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2020 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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---- |
---- |
---- |
---- |
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11.
Related party transactions
Increase/ decrease to loan | Balance at 30 April Dr/(Cr) | ||
£ | £ | ||
Other related parties | |||
30 April 2020 | 2,940 | – | |