Abbreviated Company Accounts - WILDFLOWER WINES LIMITED

WILDFLOWER WINES LIMITED - Company Information

SC235731 WILDFLOWER WINES LIMITED 2016-09-30 false 2015-10-01 2016-09-30 true SC235731 2015-10-01 2016-09-30 SC235731 2016-09-30 SC235731 2015-09-30 SC235731 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 SC235731 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:Director3 2015-10-01 2016-09-30 uk-gaap-cd-bus:Director3 2016-09-30 uk-gaap-cd-bus:Director3 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number SC235731

WILDFLOWER WINES LIMITED

Abbreviated Accounts

30 September 2016

WILDFLOWER WINES LIMITED Registered Number SC235731

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	-	97
		-	97
Current assets
Stocks		59,555	72,625
Debtors		75,085	75,090
Cash at bank and in hand		4,057	10,542
		138,697	158,257
Creditors: amounts falling due within one year		(147,728)	(151,684)
Net current assets (liabilities)		(9,031)	6,573
Total assets less current liabilities		(9,031)	6,670
Total net assets (liabilities)		(9,031)	6,670
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(9,131)	6,570
Shareholders' funds		(9,031)	6,670

For the year ending 30 September 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 June 2017

And signed on their behalf by:
Mr R A Chapman, Director

WILDFLOWER WINES LIMITED Registered Number SC235731

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts receivable for goods provided in the normal course of business, net of trade discounts, VAT and other sales related taxes.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Equipment 25% straight line

Other accounting policies
Leasing

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Stock

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

Pensions

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.

Deferred taxation

Deferred tax is recognised in respect of timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.

2Tangible fixed assets

	£
Cost
At 1 October 2015	2,346
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2016	2,346
Depreciation
At 1 October 2015	2,249
Charge for the year	97
On disposals	-
At 30 September 2016	2,346
Net book values
At 30 September 2016	0
At 30 September 2015	97

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	Mr D K Moore
Description of the transaction:	Directors Loan Account
Balance at 1 October 2015:	£ 12,751
Advances or credits made:	£ 17,503
Advances or credits repaid:	£ 18,672
Balance at 30 September 2016:	£ 11,582

Mr R A Chapman - Directors Loan Account

Balance at 1 October 2015: £44,382
Advances or credits made: £16,201
Advances or credits repaid: £6,000
Balance at 30 September 2016: £54,583

The loans are interest free and repayable on demand.