Albion Fine Wines Limited - Abbreviated accounts 16.1

Albion Fine Wines Limited - Abbreviated accounts 16.1

ALBION FINE WINES LTD - Company Information

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REGISTERED NUMBER: 03511147 (England and Wales)


















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

FOR

ALBION FINE WINES LIMITED

ALBION FINE WINES LIMITED (REGISTERED NUMBER: 03511147)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

ALBION FINE WINES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2016







DIRECTORS: P Amery
S Fortheringham





SECRETARY: L J Roosloot





REGISTERED OFFICE: 9 Mansfield Street
London
W1G 9NY





REGISTERED NUMBER: 03511147 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
9 Mansfield Street
London
W1G 9NY
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ALBION FINE WINES LIMITED (REGISTERED NUMBER: 03511147)

ABBREVIATED BALANCE SHEET
28 FEBRUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 7 10

CURRENT ASSETS
Stocks 45,696 40,989
Debtors 3,473 7,653
Cash at bank 1,778 2,576
50,947 51,218
CREDITORS
Amounts falling due within one year 19,837 19,276
NET CURRENT ASSETS 31,110 31,942
TOTAL ASSETS LESS CURRENT
LIABILITIES
31,117
31,952

CAPITAL AND RESERVES
Called up share capital 3 100 100
Share premium 49,950 49,950
Profit and loss account (18,933 ) (18,098 )
SHAREHOLDERS' FUNDS 31,117 31,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 28 October 2016 and were signed on
its behalf by:





P Amery - Director


The notes form part of these abbreviated accounts

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ALBION FINE WINES LIMITED (REGISTERED NUMBER: 03511147)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016


1. ACCOUNTING POLICIES

ACCOUNTING CONVENTION
The financial statements 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 net invoiced sales of goods, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 25% on reducing balance

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

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date. No provision has been made in the accounts as the amount is immaterial.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 28 February 2016 1,405
DEPRECIATION
At 1 March 2015 1,395
Charge for year 3
At 28 February 2016 1,398
NET BOOK VALUE
At 28 February 2016 7
At 28 February 2015 10

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary shares £1 100 100

4. ULTIMATE CONTROLLING PARTY

During the year, the company was under the control of the directors.

Page 3