Company Registration No. 04230169 (England and Wales)
The Mullwood Wine Company Limited
Unaudited accounts
for the year ended 30 June 2017
The Mullwood Wine Company Limited
Unaudited accounts
Contents
The Mullwood Wine Company Limited
Company Information
for the year ended 30 June 2017
Directors
Mr David Fleetwood
Mrs Karen Fleetwood
Company Number
04230169 (England and Wales)
Registered Office
Unit 4 Plantaion Rd
Burscough Industrial Estate
Burscough
L40 8TJ
Accountants
RJB Accountancy Services
Apartment 1
62 High Street
Mold
Flintshire
CH7 1BH
The Mullwood Wine Company Limited
Statement of financial position
as at 30 June 2017
Tangible assets
106,876
118,428
Inventories
480,339
402,428
Cash at bank and in hand
142,365
316,528
Creditors: amounts falling due within one year
(903,477)
(1,239,382)
Net current assets/(liabilities)
85,032
(6,832)
Total assets less current liabilities
191,908
111,596
Creditors: amounts falling due after more than one year
-
(3,334)
Net assets
191,908
108,262
Called up share capital
2
2
Profit and loss account
191,906
108,260
Shareholders' funds
191,908
108,262
For the year ending 30 June 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 2 August 2017.
Mr David Fleetwood
Director
Company Registration No. 04230169
The Mullwood Wine Company Limited
Notes to the Accounts
for the year ended 30 June 2017
The Mullwood Wine Company Limited is a private company, limited by shares, registered in England and Wales, registration number 04230169. The registered office and principal place of business is Unit 4 Plantaion Rd, Burscough Industrial Estate, Burscough, L40 8TJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 June 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
The Mullwood Wine Company Limited
Notes to the Accounts
for the year ended 30 June 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2016
29,078
107,367
84,182
220,627
Additions
-
33,231
312
33,543
Disposals
-
(25,592)
-
(25,592)
At 30 June 2017
29,078
115,006
84,494
228,578
At 1 July 2016
13,966
34,434
53,799
102,199
Charge for the year
3,299
20,153
5,799
29,251
On disposals
-
(9,748)
-
(9,748)
At 30 June 2017
17,265
44,839
59,598
121,702
At 30 June 2017
11,813
70,167
24,896
106,876
At 30 June 2016
15,112
72,933
30,383
118,428
Finished goods
480,339
402,428
Trade debtors
347,627
500,191
Accrued income and prepayments
18,178
13,403
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
22,723
5,826
Obligations under finance leases and hire purchase contracts
-
3,333
Trade creditors
389,732
542,454
Corporation tax
64,709
63,470
Other taxes and social security costs
65,259
205,779
Loans from directors
359,854
417,320
8
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
-
3,334
The Mullwood Wine Company Limited
Notes to the Accounts
for the year ended 30 June 2017
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
100,175
-
-
100,175
Directors Loan
77,145
-
-
77,145
11
Average number of employees
During the year the average number of employees was 0 (2016: 0).
