Vine Trail Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04520633 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

VINE TRAIL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J N W Brookes

C L Brookes

J Barris

R Rodriguez

SECRETARY:

C L Brookes

REGISTERED OFFICE:

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

REGISTERED NUMBER:

04520633 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

4

-

2,017

Tangible assets

5

13,987

16,326

13,987

18,343

CURRENT ASSETS

Stocks

1,704,271

1,568,548

Debtors

6

528,308

637,758

Cash at bank and in hand

679,088

557,913

2,911,667

2,764,219

CREDITORS

Amounts falling due within one year

7

740,893

918,868

NET CURRENT ASSETS

2,170,774

1,845,351

TOTAL ASSETS LESS CURRENT LIABILITIES

2,184,761

1,863,694

PROVISIONS FOR LIABILITIES

250

135

NET ASSETS

2,184,511

1,863,559

CAPITAL AND RESERVES

Called up share capital

8

900

900

Capital redemption reserve

100

100

Retained earnings

2,183,511

1,862,559

SHAREHOLDERS' FUNDS

2,184,511

1,863,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 30 April 2024 and were signed on its behalf by:

J N W Brookes - Director

1.	STATUTORY INFORMATION

Vine Trail Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 9 (2022 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 November 2022

and 31 October 2023

10,083

AMORTISATION

At 1 November 2022

8,066

Charge for year

2,017

At 31 October 2023

10,083

NET BOOK VALUE

At 31 October 2023

-

At 31 October 2022

2,017

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 November 2022

46,782

15,490

62,272

Additions

4,777

-

4,777

At 31 October 2023

51,559

15,490

67,049

DEPRECIATION

At 1 November 2022

42,073

3,873

45,946

Charge for year

3,244

3,872

7,116

At 31 October 2023

45,317

7,745

53,062

NET BOOK VALUE

At 31 October 2023

6,242

7,745

13,987

At 31 October 2022

4,709

11,617

16,326

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Trade debtors

516,227

542,204

Other debtors

12,081

95,554

528,308

637,758

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Trade creditors

272,009

411,924

Taxation and social security

310,784

394,252

Other creditors

158,100

112,692

740,893

918,868

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.23

31.10.22

value:

£

£

900

Ordinary A

£1

900

900

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors £427 (2022 £265).

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.