REGISTERED NUMBER: 04815223 (England and Wales)

Financial Statements for the Year Ended 31 July 2018

for

A & R Wine Cellar Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Intangible assets

4

90,250

95,000

Tangible assets

5

7,400

16,042

97,650

111,042

CURRENT ASSETS

Stocks

6

62,500

41,500

Cash at bank and in hand

9,904

9,280

72,404

50,780

CREDITORS

Amounts falling due within one year

7

166,059

155,362

NET CURRENT LIABILITIES

(93,655

)

(104,582

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,995

6,460

CREDITORS

Amounts falling due after more than one year

8

-

(2,337

)

PROVISIONS FOR LIABILITIES

(1,878

)

(2,986

)

NET ASSETS

2,117

1,137

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

2,017

1,037

SHAREHOLDERS' FUNDS

2,117

1,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 8 April 2019 and were signed on its behalf by:

Mr Abas Gohar - Director

Mr Usman Abas Gohar - Director

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

Goodwill amortisation straight-line basis over 20 years

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2017

and 31 July 2018

95,000

AMORTISATION

Amortisation for year

4,750

At 31 July 2018

4,750

NET BOOK VALUE

At 31 July 2018

90,250

At 31 July 2017

95,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 August 2017

and 31 July 2018

24,943

23,055

47,998

DEPRECIATION

At 1 August 2017

16,346

15,610

31,956

Charge for year

2,878

5,764

8,642

At 31 July 2018

19,224

21,374

40,598

NET BOOK VALUE

At 31 July 2018

5,719

1,681

7,400

At 31 July 2017

8,597

7,445

16,042

6.

STOCKS

2018

2017

£

£

Stocks

62,500

41,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts (see note 9)

5,162

6,708

HMRC SMP advance

2,029

-

Trade creditors

-

7,598

Tax

9,346

6,137

Social security and other taxes

1,234

618

NEST - Pension

15

-

VAT

1,636

1,597

Directors' loan accounts

144,226

129,981

Other creditors and accruals

2,411

2,723

166,059

155,362

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

-

2,337

9.

LOANS

An analysis of the maturity of loans is given below:

2018

2017

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

5,162

6,708

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 August 2017

1,037

Profit for the year

9,980

Dividends

(9,000

)

At 31 July 2018

2,017

12.	ULTIMATE CONTROLLING PARTY

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