Harefield Food & Wine Limited Filleted accounts for Companies House (small and micro)

HAREFIELD FOOD & WINE LIMITED - Company Information

8 false false false false false false false false false true false false false false false false No description of principal activity 2021-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 08502403 2021-08-01 2022-07-31 08502403 2022-07-31 08502403 2020-08-01 2021-07-31 08502403 2021-07-31 08502403 core:FurnitureFittings 2021-08-01 2022-07-31 08502403 core:MotorVehicles 2021-08-01 2022-07-31 08502403 bus:Director1 2021-08-01 2022-07-31 08502403 core:WithinOneYear 2022-07-31 08502403 core:WithinOneYear 2021-07-31 08502403 core:AfterOneYear 2022-07-31 08502403 core:AfterOneYear 2021-07-31 08502403 core:ShareCapital 2022-07-31 08502403 core:ShareCapital 2021-07-31 08502403 core:RetainedEarningsAccumulatedLosses 2022-07-31 08502403 core:RetainedEarningsAccumulatedLosses 2021-07-31 08502403 bus:Director1 2021-07-31 08502403 bus:Director1 2020-07-31 08502403 bus:Director1 2021-07-31 08502403 bus:Director1 2020-08-01 2021-07-31 08502403 bus:SmallEntities 2021-08-01 2022-07-31 08502403 bus:AuditExemptWithAccountantsReport 2021-08-01 2022-07-31 08502403 bus:FullAccounts 2021-08-01 2022-07-31 08502403 bus:SmallCompaniesRegimeForAccounts 2021-08-01 2022-07-31 08502403 bus:PrivateLimitedCompanyLtd 2021-08-01 2022-07-31 08502403 core:LandBuildings core:LongLeaseholdAssets 2021-08-01 2022-07-31

COMPANY REGISTRATION NUMBER: 08502403

Harefield Food & Wine Limited

Filleted Unaudited Financial Statements

31 July 2022

Harefield Food & Wine Limited

Statement of Financial Position

31 July 2022

	2022		2021
Note	£	£	£

Current assets

Debtors	5	129,571	105,810
Cash at bank and in hand		789	39,054
		---------	---------
		130,360	144,864

Creditors: amounts falling due within one year	6	52,961		57,481
		---------		---------
Net current assets			77,399	87,383
			--------	--------
Total assets less current liabilities			77,399	87,383

Creditors: amounts falling due after more than one year	7		36,386	39,560

Provisions

Taxation including deferred tax	2,159	2,159
	--------	--------
Net assets	38,854	45,664
	--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	38,754	45,564
	--------	--------
Shareholders funds	38,854	45,664
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Harefield Food & Wine Limited

Statement of Financial Position (continued)

31 July 2022

These financial statements were approved by the board of directors and authorised for issue on 20 April 2023 , and are signed on behalf of the board by:

Mrs T K Tal
Director

Company registration number: 08502403

Harefield Food & Wine Limited

Notes to the Financial Statements

Year ended 31 July 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 High Street, Harefield, Uxbridge, Middlesex, UB9 6BU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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:

Long leasehold property	-	Over the term of lease
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	20% reducing balance
Equipment	-	20% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Particulars of employees

The average number of persons employed by the company during the year amounted to 8 (2021: 8 ).

5. Debtors

	2022	2021
	£	£
Other debtors	129,571	105,810
	---------	---------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Bank loans and overdrafts	13,332	13,982
Trade creditors	540	540
Corporation tax	–	12,641
Social security and other taxes	6,737	6,599
Other creditors	32,352	23,719
	--------	--------
	52,961	57,481
	--------	--------

7. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Bank loans and overdrafts	36,386	39,560
	--------	--------

8. Secured debt:

Included within other creditors are liabilities of £3,333 (2020:£4,786) which have been secured on the assets of the company.

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2022
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mrs T K Tal	( 2,071)	2,071	–
	-------	-------	----

	2021
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mrs T K Tal	( 75,032)	72,961	( 2,071)
	--------	--------	-------