Company Registration No. 09816569 (England and Wales)
Winebuyers Ltd
Unaudited accounts
for the year ended 31 October 2019
Winebuyers Ltd
Unaudited accounts
Contents
Winebuyers Ltd
Company Information
for the year ended 31 October 2019
Directors
Benjamin Revell
Frederic Billet
Santiago Barbat
Company Number
09816569 (England and Wales)
Registered Office
33 Soho Square
Soho
London
W1D 3QU
Winebuyers Ltd
Statement of financial position
as at 31 October 2019
Intangible assets
24,632
57,475
Tangible assets
6,738
2,590
Cash at bank and in hand
2,834
-
Creditors: amounts falling due within one year
(522,496)
(314,675)
Net current liabilities
(400,475)
(245,233)
Total assets less current liabilities
(369,105)
(185,168)
Creditors: amounts falling due after more than one year
-
(11,250)
Net liabilities
(369,105)
(196,418)
Called up share capital
1
1
Share premium
928,344
318,843
Profit and loss account
(1,297,450)
(515,262)
Shareholders' funds
(369,105)
(196,418)
For the year ending 31 October 2019 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.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2020 and were signed on its behalf by
Benjamin Revell
Director
Company Registration No. 09816569
Winebuyers Ltd
Notes to the Accounts
for the year ended 31 October 2019
Winebuyers Ltd is a private company, limited by shares, registered in England and Wales, registration number 09816569. The registered office is 33 Soho Square, Soho, London, W1D 3QU.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 Years
Computer equipment
2 Years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Winebuyers Ltd
Notes to the Accounts
for the year ended 31 October 2019
4
Intangible fixed assets
Other
Charge for the year
32,843
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Development costs 33% straight line
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2018
3,648
-
3,648
Additions
12,814
843
13,657
At 31 October 2019
16,462
843
17,305
At 1 November 2018
1,058
-
1,058
Charge for the year
9,301
208
9,509
At 31 October 2019
10,359
208
10,567
At 31 October 2019
6,103
635
6,738
At 31 October 2018
2,590
-
2,590
Winebuyers Ltd
Notes to the Accounts
for the year ended 31 October 2019
Accrued income and prepayments
21,465
-
Other debtors
92,612
69,442
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
65,186
4,225
Trade creditors
341,968
97,155
Taxes and social security
(61,043)
24,159
Other creditors
149,211
189,136
8
Creditors: amounts falling due after more than one year
2019
2018
9
Average number of employees
During the year the average number of employees was 14 (2018: 7).
