Sugarvine Limited - Accounts to registrar (filleted) - small 18.1

Sugarvine Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 08094965 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 October 2017

for

SUGARVINE LIMITED

SUGARVINE LIMITED (REGISTERED NUMBER: 08094965)






Contents of the Financial Statements
for the Year Ended 31 October 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUGARVINE LIMITED

Company Information
for the Year Ended 31 October 2017







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)

Balance Sheet
31 October 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,643 3,912
3,643 3,912

CURRENT ASSETS
Debtors 7 200,396 145,369
Cash at bank 3,056 4,826
203,452 150,195
CREDITORS
Amounts falling due within one year 8 212,213 153,793
NET CURRENT LIABILITIES (8,761 ) (3,598 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,118

)

314

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (5,119 ) 313
SHAREHOLDERS' FUNDS (5,118 ) 314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 2017


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 3 July 2018 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 2017

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 2017

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2016
and 31 October 2017 2,500
AMORTISATION
At 1 November 2016
and 31 October 2017 2,500
NET BOOK VALUE
At 31 October 2017 -
At 31 October 2016 -

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings Website Totals
£    £    £   
COST
At 1 November 2016 7,163 7,067 14,230
Additions 382 - 382
At 31 October 2017 7,545 7,067 14,612
DEPRECIATION
At 1 November 2016 3,259 7,059 10,318
Charge for year 643 8 651
At 31 October 2017 3,902 7,067 10,969
NET BOOK VALUE
At 31 October 2017 3,643 - 3,643
At 31 October 2016 3,904 8 3,912

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 44,524 53,227
Other debtors 155,872 92,142
200,396 145,369

SUGARVINE LIMITED (REGISTERED NUMBER: 08094965)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 7,188 15,391
Amounts owed to group undertakings 140,545 83,442
Taxation and social security 9,798 18,548
Other creditors 54,682 36,412
212,213 153,793

9. ULTIMATE PARENT COMPANY

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

10. FIRST YEAR ADOPTION

This is the company's first set of financial statements prepared under FRS102. The date of transition to FRS102
was 1 November 2015.

The accounting policies are unchanged and there are no changes to profits and equity as previously reported.