Global Wines (Birmingham) Limited - Limited company - abbreviated - 11.6

Global Wines (Birmingham) Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 04096253 (England and Wales)



















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

GLOBAL WINES (BIRMINGHAM) LIMITED

GLOBAL WINES (BIRMINGHAM) LIMITED (REGISTERED NUMBER: 04096253)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

GLOBAL WINES (BIRMINGHAM) LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2015







DIRECTORS: Mr Baljinder Singh Dulay
Mrs Balvinder Kaur Dulay





SECRETARY: Mr Baljinder Singh Dulay





REGISTERED OFFICE: 2-4 Abbey Road
Smethwick
Warley
Smethwick
West Midlands
B67 5RD





REGISTERED NUMBER: 04096253 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

GLOBAL WINES (BIRMINGHAM) LIMITED (REGISTERED NUMBER: 04096253)

ABBREVIATED BALANCE SHEET
31 March 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,069,948 924,135

CURRENT ASSETS
Stocks 120,815 139,255
Debtors 22,896 20,991
Cash at bank and in hand 156,367 111,252
300,078 271,498
CREDITORS
Amounts falling due within one year 59,018 60,804
NET CURRENT ASSETS 241,060 210,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,311,008

1,134,829

CREDITORS
Amounts falling due after more than one
year

3

(133,688
)
-

PROVISIONS FOR LIABILITIES (985 ) (985 )
NET ASSETS 1,176,335 1,133,844

CAPITAL AND RESERVES
Called up share capital 4 2,475 2,475
Share premium 214,492 214,492
Profit and loss account 959,368 916,877
SHAREHOLDERS' FUNDS 1,176,335 1,133,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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.

GLOBAL WINES (BIRMINGHAM) LIMITED (REGISTERED NUMBER: 04096253)

ABBREVIATED BALANCE SHEET - continued
31 March 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 30 December 2015 and were signed on its behalf
by:





Mr Baljinder Singh Dulay - Director


GLOBAL WINES (BIRMINGHAM) LIMITED (REGISTERED NUMBER: 04096253)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 1,060,474
Additions 151,660
At 31 March 2015 1,212,134
DEPRECIATION
At 1 April 2014 136,339
Charge for year 5,847
At 31 March 2015 142,186
NET BOOK VALUE
At 31 March 2015 1,069,948
At 31 March 2014 924,135

GLOBAL WINES (BIRMINGHAM) LIMITED (REGISTERED NUMBER: 04096253)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 March 2015

3. CREDITORS

Creditors include the following debts falling due in more than five years:

2015 2014
£    £   
Repayable by instalments 64,472 -

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
NIL Ordinary £1 2,475 2,475
(2014 - 2,475 )
1,176 Ordinary A £1 - -
1,175 Ordinary B £1 - -
62 Ordinary C £1 - -
62 Ordinary D £1 - -
2,475 2,475

5. ULTIMATE CONTROLLING PARTY

Ultimate Controlling Parties are Mr Baljinder Singh Dulay and Mrs Balvinder Kaur Dulay.