Vine Trail Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04520633 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

VINE TRAIL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J N W Brookes

Mrs C L Brookes

SECRETARY:

Mrs C L Brookes

REGISTERED OFFICE:

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

REGISTERED NUMBER:

04520633 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

15,309

12,421

CURRENT ASSETS

Stocks

916,178

837,962

Debtors

5

438,212

502,532

Cash at bank and in hand

483,200

351,171

1,837,590

1,691,665

CREDITORS

Amounts falling due within one year

6

424,453

516,256

NET CURRENT ASSETS

1,413,137

1,175,409

TOTAL ASSETS LESS CURRENT LIABILITIES

1,428,446

1,187,830

PROVISIONS FOR LIABILITIES

378

-

NET ASSETS

1,428,068

1,187,830

CAPITAL AND RESERVES

Called up share capital

7

900

900

Capital redemption reserve

8

100

100

Retained earnings

8

1,427,068

1,186,830

SHAREHOLDERS' FUNDS

1,428,068

1,187,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 4 July 2018 and were signed on its behalf by:

J N W Brookes - Director

1.	STATUTORY INFORMATION

Vine Trail Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of

exchange ruling at the balance sheet date. Transactions in foreign currencies are translated

into sterling at the rate of exchange ruling at the date of transaction. Exchange differences

are taken into account in arriving at the operating result.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 November 2016

22,553

16,540

39,093

Additions

11,551

-

11,551

At 31 October 2017

34,104

16,540

50,644

DEPRECIATION

At 1 November 2016

19,921

6,751

26,672

Charge for year

4,528

4,135

8,663

At 31 October 2017

24,449

10,886

35,335

NET BOOK VALUE

At 31 October 2017

9,655

5,654

15,309

At 31 October 2016

2,632

9,789

12,421

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

408,567

412,620

Other debtors

29,645

89,912

438,212

502,532

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

54,286

165,111

Taxation and social security

234,178

230,120

Other creditors

135,989

121,025

424,453

516,256

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.17

31.10.16

value:

£

£

900

Ordinary A

£1

900

900

100

Ordinary B

£1

-

-

900

900

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 November 2016

1,186,830

100

1,186,930

Profit for the year

311,038

311,038

Dividends

(70,800

)

(70,800

)

At 31 October 2017

1,427,068

100

1,427,168

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors, J N W Brookes and Mrs C L

Brookes, £114,330 (2016 - £80,620).

The company also owed A R H Nicholls (a former director who resigned on 15/10/2016) £nil

(2016- £30,000).

During the year, the following dividends were paid to the directors:

J N W Brookes - £35,400 (2016: £33,500)

C L Brookes - £35,400 (2016: £33,500)

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.