Di Vine Importers Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03824754 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st August 2016

for

Di Vine Importers Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

F Evola

SECRETARY:

REGISTERED OFFICE:

Unit A4

Springhead Enterprise Park

Gravesend

Kent

DA11 8HB

REGISTERED NUMBER:

03824754 (England and Wales)

ACCOUNTANTS:

CWW Chartered Accountants

149-151 Mortimer Street

Herne Bay

Kent

CT6 5HA

FIXED ASSETS

Tangible assets

2

126,964

102,154

CURRENT ASSETS

Stocks

160,324

180,632

Debtors

740,682

520,562

Cash at bank and in hand

846,541

617,097

1,747,547

1,318,291

CREDITORS

Amounts falling due within one year

1,046,790

724,399

NET CURRENT ASSETS

700,757

593,892

TOTAL ASSETS LESS CURRENT LIABILITIES

827,721

696,046

CREDITORS

Amounts falling due after more than one year

(3,564

)

(21,336

)

PROVISIONS FOR LIABILITIES

(25,393

)

(20,666

)

NET ASSETS

798,764

654,044

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

797,764

653,044

SHAREHOLDERS' FUNDS

798,764

654,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 8th February 2017 and were signed by:

F Evola - Director

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

159,653

Additions

67,236

Disposals

(10,000

)

At 31st August 2016

216,889

DEPRECIATION

At 1st September 2015

57,499

Charge for year

36,066

Eliminated on disposal

(3,640

)

At 31st August 2016

89,925

NET BOOK VALUE

At 31st August 2016

126,964

At 31st August 2015

102,154

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

1,000

Ordinary

£1

1,000

4.	ULTIMATE PARENT COMPANY

Di Vine Importers Holdings Limited is regarded by the director as being the company's ultimate parent company.