CLEAR_BLACK_WINE_RETAIL_L - Accounts

CLEAR BLACK WINE RETAIL LTD - Company Information

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CLEAR BLACK WINE RETAIL LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2013

Company Registration No. 07442311 (England and Wales)

CLEAR BLACK WINE RETAIL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CLEAR BLACK WINE RETAIL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

1,871

2,260

Current assets

Stocks

28,128

27,540

Debtors

1,081

6,104

Cash at bank and in hand

1,120

2,030

30,329

35,674

Creditors: amounts falling due within one year

(33,880)

(44,299)

Net current liabilities

(3,551)

(8,625)

Total assets less current liabilities

(1,680)

(6,365)

Capital and reserves

Called up share capital

Profit and loss account

(1,682)

(6,367)

Shareholders' funds

(1,680)

(6,365)

For the financial year ended 31 July 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 21 July 2014

Mr P S R Minshull

Director

Company Registration No. 07442311

CLEAR BLACK WINE RETAIL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

10% Straight line

Plant and machinery

25% Straight Line

Computer equipment

25% Straight line

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

CLEAR BLACK WINE RETAIL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2013

- 3 -

Fixed assets

Tangible assets

Cost

At 1 August 2012

2,984

Additions

215

At 31 July 2013

3,199

Depreciation

At 1 August 2012

724

Charge for the year

604

At 31 July 2013

1,328

Net book value

At 31 July 2013

1,871

At 31 July 2012

2,260

Share capital

2013

2012

Allotted, called up and fully paid

2 Ordinary shares of £1 each