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REGISTERED NUMBER: 11118859 (England and Wales)


Financial Statements for the Year Ended 31 December 2021

for

Sohal Food & Wine Ltd

Sohal Food & Wine Ltd (Registered number: 11118859)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Sohal Food & Wine Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTORS: Mr Davinder Singh Sohal
Mrs Jaswinder Sohal





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 11118859 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Sohal Food & Wine Ltd (Registered number: 11118859)

Statement of Financial Position
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,000 100,000
Property, plant and equipment 5 16,645 10,665
116,645 110,665

CURRENT ASSETS
Inventories 32,526 31,736
Debtors 6 2,439 3,614
Cash at bank and in hand 150,301 114,521
185,266 149,871
CREDITORS
Amounts falling due within one year 7 162,693 115,874
NET CURRENT ASSETS 22,573 33,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,218

144,662

CREDITORS
Amounts falling due after more than one
year

8

113,590

119,813
NET ASSETS 25,628 24,849

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 25,626 24,847
SHAREHOLDERS' FUNDS 25,628 24,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Sohal Food & Wine Ltd (Registered number: 11118859)

Statement of Financial Position - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 8 September 2022 and were signed on its behalf by:





Mr Davinder Singh Sohal - Director


Sohal Food & Wine Ltd (Registered number: 11118859)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Sohal Food & Wine Ltd 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 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 4 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 100,000
NET BOOK VALUE
At 31 December 2021 100,000
At 31 December 2020 100,000

Sohal Food & Wine Ltd (Registered number: 11118859)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2021 21,093
Additions 11,528
At 31 December 2021 32,621
DEPRECIATION
At 1 January 2021 10,428
Charge for year 5,548
At 31 December 2021 15,976
NET BOOK VALUE
At 31 December 2021 16,645
At 31 December 2020 10,665

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Other debtors 2,439 3,614

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 44,251 18,592
Taxation and social security 14,655 16,400
Other creditors 103,787 80,882
162,693 115,874

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans 113,590 119,813

Sohal Food & Wine Ltd (Registered number: 11118859)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
2 Ordinary Shares 1 2 2

10. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £12,000 (2020: £12,000) in respect of use of business property owned by the directors.