Winebuyers Ltd

1 November 2018falseTaxfiler2020.1209816569business:PrivateLimitedCompanyLtd2018-11-012019-10-31098165692018-10-31098165692018-11-012019-10-3109816569business:AuditExempt-NoAccountantsReport2018-11-012019-10-3109816569business:FullAccounts2018-11-012019-10-31098165692019-10-3109816569business:Director12018-11-012019-10-3109816569business:Director22018-11-012019-10-3109816569business:Director42018-11-012019-10-3109816569business:RegisteredOffice2018-11-012019-10-31098165692018-10-3109816569core:WithinOneYear2019-10-3109816569core:WithinOneYear2018-10-3109816569core:AfterOneYear2019-10-3109816569core:AfterOneYear2018-10-3109816569core:ShareCapital2019-10-3109816569core:ShareCapital2018-10-3109816569core:SharePremium2019-10-3109816569core:SharePremium2018-10-3109816569core:RetainedEarningsAccumulatedLosses2019-10-3109816569core:RetainedEarningsAccumulatedLosses2018-10-3109816569business:SmallEntities2018-11-012019-10-3109816569countries:EnglandWales2018-11-012019-10-3109816569core:FurnitureFittings2018-11-012019-10-3109816569core:ComputerEquipment2018-11-012019-10-3109816569core:IntangibleAssetsOtherThanGoodwill2018-10-3109816569core:IntangibleAssetsOtherThanGoodwill2019-10-3109816569core:IntangibleAssetsOtherThanGoodwill2018-11-012019-10-3109816569core:PlantMachinery2018-10-3109816569core:FurnitureFittings2018-10-3109816569core:PlantMachinery2018-11-012019-10-3109816569core:PlantMachinery2019-10-3109816569core:FurnitureFittings2019-10-31098165692017-11-012018-10-31iso4217:GBPxbrli:pure
Company Registration No. 09816569 (England and Wales)
Winebuyers LtdUnaudited accounts for the year ended 31 October 2019
Winebuyers LtdUnaudited accounts Contents
Page
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Winebuyers Ltd Company Information for the year ended 31 October 2019
Directors
Benjamin RevellFrederic BilletSantiago Barbat
Company Number
09816569 (England and Wales)
Registered Office
33 Soho SquareSohoLondonW1D 3QU
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Winebuyers Ltd Statement of financial position as at 31 October 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Intangible assets
24,632 
57,475 
Tangible assets
6,738 
2,590 
31,370 
60,065 
Current assets
Debtors
119,187 
69,442 
Cash at bank and in hand
2,834 
- 
122,021 
69,442 
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)
Capital and reserves
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
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Winebuyers Ltd Notes to the Accounts for the year ended 31 October 2019
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Winebuyers Ltd Notes to the Accounts for the year ended 31 October 2019
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2018
98,529 
At 31 October 2019
98,529 
Amortisation
At 1 November 2018
41,054 
Charge for the year
32,843 
At 31 October 2019
73,897 
Net book value
At 31 October 2019
24,632 
At 31 October 2018
57,475 
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 
Depreciation
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 
Net book value
At 31 October 2019
6,103 
635 
6,738 
At 31 October 2018
2,590 
- 
2,590 
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Winebuyers Ltd Notes to the Accounts for the year ended 31 October 2019
6
Debtors
2019 
2018 
£ 
£ 
Trade debtors
5,110 
- 
Accrued income and prepayments
21,465 
- 
Other debtors
92,612 
69,442 
119,187 
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 
Accruals
27,174 
- 
522,496 
314,675 
8
Creditors: amounts falling due after more than one year
2019 
2018 
£ 
£ 
Other creditors
- 
11,250 
9
Average number of employees
During the year the average number of employees was 14 (2018: 7).
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