Sugarvine Limited - Accounts to registrar (filleted) - small 18.2

Sugarvine Limited - Accounts to registrar (filleted) - small 18.2


IRIS Accounts Production v19.1.0.735 08094965 Board of Directors Board of Directors 1.11.17 31.10.18 31.10.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure080949652017-10-31080949652018-10-31080949652017-11-012018-10-31080949652016-10-31080949652016-11-012017-10-31080949652017-10-3108094965ns15:EnglandWales2017-11-012018-10-3108094965ns14:PoundSterling2017-11-012018-10-3108094965ns10:Director12017-11-012018-10-3108094965ns10:Director22017-11-012018-10-3108094965ns10:PrivateLimitedCompanyLtd2017-11-012018-10-3108094965ns10:SmallEntities2017-11-012018-10-3108094965ns10:AuditExempt-NoAccountantsReport2017-11-012018-10-3108094965ns10:SmallCompaniesRegimeForDirectorsReport2017-11-012018-10-3108094965ns10:SmallCompaniesRegimeForAccounts2017-11-012018-10-3108094965ns10:FullAccounts2017-11-012018-10-310809496512017-11-012018-10-3108094965ns10:RegisteredOffice2017-11-012018-10-3108094965ns5:CurrentFinancialInstruments2018-10-3108094965ns5:CurrentFinancialInstruments2017-10-3108094965ns5:ShareCapital2018-10-3108094965ns5:ShareCapital2017-10-3108094965ns5:RetainedEarningsAccumulatedLosses2018-10-3108094965ns5:RetainedEarningsAccumulatedLosses2017-10-3108094965ns5:NetGoodwill2017-11-012018-10-3108094965ns5:FurnitureFittings2017-11-012018-10-3108094965ns5:ComputerEquipment2017-11-012018-10-3108094965ns5:NetGoodwill2017-10-3108094965ns5:NetGoodwill2018-10-3108094965ns5:NetGoodwill2017-10-3108094965ns5:FurnitureFittings2017-10-3108094965ns5:ComputerEquipment2017-10-3108094965ns5:FurnitureFittings2018-10-3108094965ns5:ComputerEquipment2018-10-3108094965ns5:FurnitureFittings2017-10-3108094965ns5:ComputerEquipment2017-10-3108094965ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-10-3108094965ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-10-31


REGISTERED NUMBER: 08094965 (England and Wales)












Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 October 2018

for

SUGARVINE LIMITED

SUGARVINE LIMITED (REGISTERED NUMBER: 08094965)






Contents of the Financial Statements
for the Year Ended 31 October 2018




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


SUGARVINE LIMITED

Company Information
for the Year Ended 31 October 2018







DIRECTORS: A M Holland
C Holland





REGISTERED OFFICE: The Old Tannery
Eastgate
Accrington
Lancashire
BB5 6PW





REGISTERED NUMBER: 08094965 (England and Wales)





ACCOUNTANTS: Haworths Limited
Chartered Accountants
The Old Tannery
Eastgate
Accrington
Lancashire
BB5 6PW

SUGARVINE LIMITED (REGISTERED NUMBER: 08094965)

Report of the Directors
for the Year Ended 31 October 2018

The directors present their report with the financial statements of the company for the year ended 31 October 2018.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the promotion of restaurants and other
associated hospitality businesses.

REVIEW OF BUSINESS
During the financial years 2017 and 2018 there has been a major change in direction for the company with investment in
two key areas to transform our offering. This investment both in time and cost contributed to the poor trading
performance of these years. However, this planned strategic decision taken two years ago has resulted in the Sugarvine
dining portal being completely redesigned with a new look and new features and we subsequently developed and
launched a real-time online booking and table management system- SVTables.

The booking system was launched to the market at the beginning of 2019 and has had very positive responses. Our core
market of restaurants and pubs can now not only increase revenues by marketing to the dining public through the
Sugarvine dining portal but at the same time reduce costs by switching to SVTables, which has no per-cover costs and no
monthly fees.

It's a compelling proposition and in the financial years 2019 and 2020 we expect to see significant growth in revenues
and profits.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2017 to the date of this
report.

A M Holland
C Holland

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





A M Holland - Director


26 July 2019

SUGARVINE LIMITED (REGISTERED NUMBER: 08094965)

Balance Sheet
31 October 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,097 3,643
3,097 3,643

CURRENT ASSETS
Debtors 7 209,549 200,396
Cash at bank 836 3,056
210,385 203,452
CREDITORS
Amounts falling due within one year 8 208,221 212,213
NET CURRENT ASSETS/(LIABILITIES) 2,164 (8,761 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,261

(5,118

)

PROVISIONS FOR LIABILITIES 292 -
NET ASSETS/(LIABILITIES) 4,969 (5,118 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,968 (5,119 )
SHAREHOLDERS' FUNDS 4,969 (5,118 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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.

SUGARVINE LIMITED (REGISTERED NUMBER: 08094965)

Balance Sheet - continued
31 October 2018


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 26 July 2019 and were signed on its behalf by:




A M Holland - Director



C Holland - Director


SUGARVINE LIMITED (REGISTERED NUMBER: 08094965)

Notes to the Financial Statements
for the Year Ended 31 October 2018

1. STATUTORY INFORMATION

Sugarvine 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. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

During the period the company met its day to day working capital requirements by the financial support of its
directors. The directors have agreed to continue to support the company by way of loans to the company.

On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The
financial statements do not include any adjustments that would result from a withdrawal of this support.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised
evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Website - 33% on cost

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.

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.

SUGARVINE LIMITED (REGISTERED NUMBER: 08094965)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2017
and 31 October 2018 2,500
AMORTISATION
At 1 November 2017
and 31 October 2018 2,500
NET BOOK VALUE
At 31 October 2018 -
At 31 October 2017 -

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings Website Totals
£    £    £   
COST
At 1 November 2017
and 31 October 2018 7,545 7,067 14,612
DEPRECIATION
At 1 November 2017 3,902 7,067 10,969
Charge for year 546 - 546
At 31 October 2018 4,448 7,067 11,515
NET BOOK VALUE
At 31 October 2018 3,097 - 3,097
At 31 October 2017 3,643 - 3,643

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 37,049 44,524
Other debtors 172,500 155,872
209,549 200,396

SUGARVINE LIMITED (REGISTERED NUMBER: 08094965)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 7,090 7,188
Amounts owed to group undertakings 144,172 140,545
Taxation and social security 16,210 9,798
Other creditors 40,749 54,682
208,221 212,213

9. ULTIMATE PARENT COMPANY

Kimberley Holland Holdings Limited is regarded by the directors as being the company's ultimate parent
company.