Company Registration No. 06407935 (England and Wales)
Arcadian Wines Limited
Unaudited accounts
for the year ended 31 October 2023
Arcadian Wines Limited
Unaudited accounts
Contents
Arcadian Wines Limited
Company Information
for the year ended 31 October 2023
Directors
Justin Howard-Sneyd
Amanda Horton-Mastin
Secretary
Amanda Horton-Mastin
Company Number
06407935 (England and Wales)
Registered Office
44 HERTFORD AVENUE
LONDON
SW14 8EQ
ENGLAND
Accountants
Sue Kowszun, Harlequin Accounting & Financial Services Ltd
Bancroft, Mill Road
West chiltington
Pulborough
West Sussex
RH20 2PZ
Arcadian Wines Limited
Statement of financial position
as at 31 October 2023
Tangible assets
1,558
3,829
Inventories
144,242
107,666
Cash at bank and in hand
19,377
42,576
Creditors: amounts falling due within one year
(31,433)
(55,538)
Net current assets
136,873
97,349
Total assets less current liabilities
138,431
101,178
Creditors: amounts falling due after more than one year
(20,000)
(20,000)
Called up share capital
100
100
Profit and loss account
118,331
81,078
Shareholders' funds
118,431
81,178
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 March 2024 and were signed on its behalf by
Justin Howard-Sneyd
Director
Company Registration No. 06407935
Arcadian Wines Limited
Notes to the Accounts
for the year ended 31 October 2023
Arcadian Wines Limited is a private company, limited by shares, registered in England and Wales, registration number 06407935. The registered office is 44 HERTFORD AVENUE, LONDON, SW14 8EQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
At each reporting date, an assessment is made of impairment. Any excesssof the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit and loss. Reversals of impairment losses are also recognised in profit and loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Arcadian Wines Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
15,820
3,226
19,046
At 31 October 2023
15,820
3,226
19,046
At 1 November 2022
13,431
1,786
15,217
Charge for the year
1,194
1,077
2,271
At 31 October 2023
14,625
2,863
17,488
At 31 October 2023
1,195
363
1,558
At 31 October 2022
2,389
1,440
3,829
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,405
9,074
Other creditors
20,000
46,464
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
20,000
20,000
8
Average number of employees
During the year the average number of employees was 1 (2022: 2).
