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REGISTERED NUMBER: 04815223 (England and Wales)















Financial Statements for the Year Ended 31 July 2017

for

A & R Wine Cellar Limited

A & R Wine Cellar Limited (Registered number: 04815223)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & R Wine Cellar Limited

Company Information
for the Year Ended 31 July 2017







DIRECTORS: Mr Abas Gohar
Mr Usman Abas Gohar





SECRETARY:





REGISTERED OFFICE: 100 Beaconsfield Street
Arthurs Hill
Newcastle upon Tyne
Tyne and Wear
NE4 5JN





REGISTERED NUMBER: 04815223 (England and Wales)





ACCOUNTANTS: Flannagans - Gateshead
7 Bankside
The Watermark
Gateshead
NE11 9SY

A & R Wine Cellar Limited (Registered number: 04815223)

Balance Sheet
31 July 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 95,000 95,000
Tangible assets 5 16,042 24,804
111,042 119,804

CURRENT ASSETS
Stocks 6 41,500 22,500
Debtors 7 - 75
Cash at bank and in hand 9,280 3,119
50,780 25,694
CREDITORS
Amounts falling due within one year 8 155,362 100,229
NET CURRENT LIABILITIES (104,582 ) (74,535 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,460

45,269

CREDITORS
Amounts falling due after more than one
year

9

(2,337

)

(39,524

)

PROVISIONS FOR LIABILITIES (2,986 ) (4,961 )
NET ASSETS 1,137 784

A & R Wine Cellar Limited (Registered number: 04815223)

Balance Sheet - continued
31 July 2017

2017 2016
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 1,037 684
SHAREHOLDERS' FUNDS 1,137 784

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

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

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 5 December 2017 and were signed on
its behalf by:




Mr Abas Gohar - Director



Mr Usman Abas Gohar - Director


A & R Wine Cellar Limited (Registered number: 04815223)

Notes to the Financial Statements
for the Year Ended 31 July 2017

1. STATUTORY INFORMATION

A & R Wine Cellar 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Goodwill
It is the company's policy not to amortise goodwill.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% 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.

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.


A & R Wine Cellar Limited (Registered number: 04815223)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2016
and 31 July 2017 95,000
NET BOOK VALUE
At 31 July 2017 95,000
At 31 July 2016 95,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2016
and 31 July 2017 24,943 23,055 47,998
DEPRECIATION
At 1 August 2016 13,348 9,846 23,194
Charge for year 2,998 5,764 8,762
At 31 July 2017 16,346 15,610 31,956
NET BOOK VALUE
At 31 July 2017 8,597 7,445 16,042
At 31 July 2016 11,595 13,209 24,804

A & R Wine Cellar Limited (Registered number: 04815223)

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

6. STOCKS
2017 2016
£    £   
Stocks 41,500 22,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Prepayments - 75

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts (see note 10) 6,708 8,489
Trade creditors 7,598 8,385
Tax 6,137 2,937
Social security and other taxes 618 744
VAT 1,597 2,023
Directors' loan accounts 129,981 75,601
Other creditors and accruals 2,723 2,050
155,362 100,229

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2017 2016
£    £   
Bank loans (see note 10) - 30,728
Hire purchase contracts 2,337 8,796
2,337 39,524

10. LOANS

An analysis of the maturity of loans is given below:

2017 2016
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 6,708 8,489

Amounts falling due between two and five years:
Bank loans - 2-5 years - 30,728

A & R Wine Cellar Limited (Registered number: 04815223)

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

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 August 2016 684
Profit for the year 18,353
Dividends (18,000 )
At 31 July 2017 1,037

13. ULTIMATE CONTROLLING PARTY

The company was under the joint control of Mr A Gohar and Mr U Gohar.