Abbreviated Company Accounts - ORGANICO WINES LIMITED

Abbreviated Company Accounts - ORGANICO WINES LIMITED

ORGANICO WINES LIMITED - Company Information

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Registered Number 05712514

ORGANICO WINES LIMITED

Abbreviated Accounts

31 December 2013

ORGANICO WINES LIMITED Registered Number 05712514

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 9,718 13,846
9,718 13,846
Current assets
Stocks 32,768 51,515
Debtors 1,734 1,684
Cash at bank and in hand - 3,423
34,502 56,622
Creditors: amounts falling due within one year (61,475) (63,124)
Net current assets (liabilities) (26,973) (6,502)
Total assets less current liabilities (17,255) 7,344
Creditors: amounts falling due after more than one year (598,597) (607,629)
Total net assets (liabilities) (615,852) (600,285)
Capital and reserves
Called up share capital 2 2
Profit and loss account (615,854) (600,287)
Shareholders' funds (615,852) (600,285)
  • For the year ending 31 December 2013 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 4 September 2014

And signed on their behalf by:
Mr Peter Jackson, Director

ORGANICO WINES LIMITED Registered Number 05712514

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 33% Straight Line
Fixtures, Fittings & Equipment 20% Straight Line

2Tangible fixed assets
£
Cost
At 1 January 2013 57,085
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2013 57,085
Depreciation
At 1 January 2013 43,239
Charge for the year 4,128
On disposals -
At 31 December 2013 47,367
Net book values
At 31 December 2013 9,718
At 31 December 2012 13,846