Real Wine Cellar Limited - Abbreviated accounts

REAL WINE CELLAR LIMITED - Company Information

Registered number

08717977

Real Wine Cellar Limited

Abbreviated Accounts

31 October 2015

Real Wine Cellar Limited

Report to the directors on the preparation of the unaudited abbreviated accounts of Real Wine Cellar Limited for the year ended 31 October 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Real Wine Cellar Limited for the year ended 31 October 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Accounting for the future Limited
Chartered Certified Accountants
85 London Road
Cheltenham
Gloucestershire
GL52 6HL

31 August 2016

Real Wine Cellar Limited
Registered number:		08717977
Abbreviated Balance Sheet
as at 31 October 2015

Notes			2015			2014
£				£
Current assets
Stocks		9,931			25,451
Debtors		22,049			4,027
Cash at bank and in hand		2,449			26,444
		34,429			55,922

Creditors: amounts falling due within one year		(78,032)			(61,169)

Net current liabilities			(43,603)			(5,247)

Net liabilities			(43,603)			(5,247)

Capital and reserves
Called up share capital	2		100			100
Profit and loss account			(43,703)			(5,347)

Shareholder's funds			(43,603)			(5,247)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr F Migliuolo
Director
Approved by the board on 31 August 2016

Real Wine Cellar Limited
Notes to the Abbreviated Accounts
for the year ended 31 October 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			18% straight line
	Motor vehicles			18% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.






2	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100