IRIS Accounts Production v19.1.1.57 00911202 Board of Directors Board of Directors 1.4.18 31.3.19 31.3.19 27/8/19 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 00911202 2018-03-31 00911202 2019-03-31 00911202 2018-04-01 2019-03-31 00911202 2017-03-31 00911202 2017-04-01 2018-03-31 00911202 2018-03-31 00911202 ns15:EnglandWales 2018-04-01 2019-03-31 00911202 ns14:PoundSterling 2018-04-01 2019-03-31 00911202 ns10:Director1 2018-04-01 2019-03-31 00911202 ns10:Director2 2018-04-01 2019-03-31 00911202 ns10:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31 00911202 ns10:SmallEntities 2018-04-01 2019-03-31 00911202 ns10:Audited 2018-04-01 2019-03-31 00911202 ns10:SmallCompaniesRegimeForDirectorsReport 2018-04-01 2019-03-31 00911202 ns10:SmallCompaniesRegimeForAccounts 2018-04-01 2019-03-31 00911202 ns10:FullAccounts 2018-04-01 2019-03-31 00911202 ns10:OrdinaryShareClass1 2018-04-01 2019-03-31 00911202 ns10:Director3 2018-04-01 2019-03-31 00911202 ns10:Director4 2018-04-01 2019-03-31 00911202 ns10:Director5 2018-04-01 2019-03-31 00911202 ns10:Director6 2018-04-01 2019-03-31 00911202 ns10:CompanySecretary1 2018-04-01 2019-03-31 00911202 ns10:RegisteredOffice 2018-04-01 2019-03-31 00911202 ns5:CurrentFinancialInstruments 2019-03-31 00911202 ns5:CurrentFinancialInstruments 2018-03-31 00911202 ns5:Non-currentFinancialInstruments 2019-03-31 00911202 ns5:Non-currentFinancialInstruments 2018-03-31 00911202 ns5:ShareCapital 2019-03-31 00911202 ns5:ShareCapital 2018-03-31 00911202 ns5:CapitalRedemptionReserve 2019-03-31 00911202 ns5:CapitalRedemptionReserve 2018-03-31 00911202 ns5:RetainedEarningsAccumulatedLosses 2019-03-31 00911202 ns5:RetainedEarningsAccumulatedLosses 2018-03-31 00911202 ns5:PlantMachinery 2018-04-01 2019-03-31 00911202 ns5:PlantMachinery 2018-03-31 00911202 ns5:PlantMachinery 2019-03-31 00911202 ns5:PlantMachinery 2018-03-31 00911202 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2019-03-31 00911202 ns5:CurrentFinancialInstruments ns5:WithinOneYear 2018-03-31 00911202 ns5:MoreThanFiveYears 2019-03-31 00911202 ns5:MoreThanFiveYears 2018-03-31 00911202 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2019-03-31 00911202 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2018-03-31 00911202 ns5:Secured 2019-03-31 00911202 ns5:Secured 2018-03-31 00911202 ns5:AcceleratedTaxDepreciationDeferredTax 2019-03-31 00911202 ns5:AcceleratedTaxDepreciationDeferredTax 2018-03-31 00911202 ns5:DeferredTaxation 2018-03-31 00911202 ns5:DeferredTaxation 2018-04-01 2019-03-31 00911202 ns5:DeferredTaxation 2019-03-31 00911202 ns10:OrdinaryShareClass1 2019-03-31 00911202 ns10:OrdinaryShareClass1 2017-04-01 2018-03-31


REGISTERED NUMBER: 00911202 (England and Wales)














Financial Statements

for the Year Ended 31st March 2019

for

The Merchant Vintners Company Limited

The Merchant Vintners Company Limited (Registered number: 00911202)






Contents of the Financial Statements
for the year ended 31st March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Merchant Vintners Company Limited

Company Information
for the year ended 31st March 2019







DIRECTORS: J.J. Eustace
J.J. Tanner
J.C. Townend
N. Hillman
A.A. Cleary
M.E. Trease



SECRETARY: J.P. Robson



REGISTERED OFFICE: c/o House of Townend
Wyke Way
Melton West Industrial Estate
Melton
East Yorkshire
HU14 3BQ



REGISTERED NUMBER: 00911202 (England and Wales)



AUDITORS: cbaSadofskys
Statutory Auditors
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: HSBC PLC
3-4 Jameson Street
Hull
East Yorkshire
HU1 3JX



SOLICITORS: Andrew Jackson
Marina Court
Castle Street
Hull
East Yorkshire
HU1 1TJ

The Merchant Vintners Company Limited (Registered number: 00911202)

Balance Sheet
31st March 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 602 716

CURRENT ASSETS
Stocks 1,709,398 1,597,689
Debtors 5 510,976 534,738
Cash at bank and in hand 177,009 165,025
2,397,383 2,297,452
CREDITORS
Amounts falling due within one year 6 1,353,133 1,290,847
NET CURRENT ASSETS 1,044,250 1,006,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,044,852

1,007,321

CREDITORS
Amounts falling due after more than one
year

7

(318,880

)

(311,915

)

PROVISIONS FOR LIABILITIES 9 (114 ) (136 )
NET ASSETS 725,858 695,270

CAPITAL AND RESERVES
Called up share capital 10 40,000 40,000
Capital redemption reserve 17,000 17,000
Retained earnings 668,858 638,270
SHAREHOLDERS' FUNDS 725,858 695,270

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 21st August 2019 and were signed on its behalf
by:




J.J. Tanner - Director



J.C. Townend - Director


The Merchant Vintners Company Limited (Registered number: 00911202)

Notes to the Financial Statements
for the year ended 31st March 2019

1. STATUTORY INFORMATION

The Merchant Vintners Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and
net of VAT. Turnover is recognised when the goods have been dispatched.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stock is valued at the lower of the average cost and net realisable value. The average cost is calculated by
including all direct expenditure and a proportion of fixed and variable overheads. The average cost is updated
upon delivery of each order.

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 3 (2018 - 3 ) .

The Merchant Vintners Company Limited (Registered number: 00911202)

Notes to the Financial Statements - continued
for the year ended 31st March 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2018 12,305
Additions 264
Disposals (616 )
At 31st March 2019 11,953
DEPRECIATION
At 1st April 2018 11,589
Charge for year 378
Eliminated on disposal (616 )
At 31st March 2019 11,351
NET BOOK VALUE
At 31st March 2019 602
At 31st March 2018 716

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 479,699 503,062
Other debtors 11,397 14,429
Prepayments 19,880 17,247
510,976 534,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 202,747 261,455
Trade creditors 986,401 861,520
Taxation 7,197 7,484
Social security and other taxes 2,385 -
Other creditors 52,872 52,891
Accrued expenses 101,531 107,497
1,353,133 1,290,847

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Shareholders' unsecured loans 78,880 71,915
Convertible loan stock 240,000 240,000
318,880 311,915

The Merchant Vintners Company Limited (Registered number: 00911202)

Notes to the Financial Statements - continued
for the year ended 31st March 2019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2019 2018
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Shareholders' unsecured loans 78,880 71,915
Convertible loan stock 240,000 240,000
318,880 311,915

8. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank overdrafts 202,747 261,455

The bank overdraft is secured by a debenture including fixed and floating charges over the assets of the
company.

9. PROVISIONS FOR LIABILITIES
2019 2018
£    £   
Deferred tax
Accelerated capital allowances 114 136

Deferred
tax
£   
Balance at 1st April 2018 136
Credit to Statement of Comprehensive Income during year (22 )
Balance at 31st March 2019 114

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
40,000 Ordinary £1 40,000 40,000

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alan Brocklehurst (Senior Statutory Auditor)
for and on behalf of cbaSadofskys

12. RELATED PARTY DISCLOSURES

Rebates payable to the company's members for the year amounted to £35,000 (2018 - £37,000).