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REGISTERED NUMBER: 06214872 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Tarleton World of Wines Limited

Tarleton World of Wines Limited (Registered number: 06214872)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tarleton World of Wines Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: I A Jack





REGISTERED OFFICE: 191 Blowick Moss Lane
Southport
Merseyside
PR8 5QB





REGISTERED NUMBER: 06214872 (England and Wales)





ACCOUNTANTS: Boardman Conway
23A High Street
Weaverham
Northwich
Cheshire
CW8 3HA

Tarleton World of Wines Limited (Registered number: 06214872)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,251 3,319
Investments 5 - 3,527
3,251 6,846

CURRENT ASSETS
Debtors 6 30,601 31,135
Cash at bank 30,838 23,575
61,439 54,710
CREDITORS
Amounts falling due within one year 7 17,923 27,777
NET CURRENT ASSETS 43,516 26,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,767

33,779

PROVISIONS FOR LIABILITIES 16,463 16,476
NET ASSETS 30,304 17,303

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,204 17,203
SHAREHOLDERS' FUNDS 30,304 17,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Tarleton World of Wines Limited (Registered number: 06214872)

Balance Sheet - continued
31 May 2023


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 director and authorised for issue on 22 November 2023 and were signed by:





I A Jack - Director


Tarleton World of Wines Limited (Registered number: 06214872)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Tarleton World of Wines 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 represents net sales of services and goods, excluding value added tax, and is measured at the fair value of the consideration receivable. Income is recognised in the month that the company receives the right to consideration and when goods are dispatched.

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% straight line

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment losses, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the assets belongs.

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.

Tarleton World of Wines Limited (Registered number: 06214872)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Fixed asset investment
The Big Screen Productions 17 LLP investment is shown at cost less any provision for impairment. The directors have reduced the carrying value of the investment by the amount of income received to date. In view of the reduction of the income the directors have further reduced the carrying value to £NIL to reflect the decreasing amount of the expected future receipts. They feel this is a prudent policy to show a value that is reasonable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2022 18,030
Additions 1,129
Disposals (1,088 )
At 31 May 2023 18,071
DEPRECIATION
At 1 June 2022 14,711
Charge for year 1,197
Eliminated on disposal (1,088 )
At 31 May 2023 14,820
NET BOOK VALUE
At 31 May 2023 3,251
At 31 May 2022 3,319

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.5.23 31.5.22
£    £   
Film partnership investment 20,684 20,684
Reduction in carrying value (20,684 ) (17,157 )
- 3,527

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 10,601 11,135
Other debtors 20,000 20,000
30,601 31,135

Tarleton World of Wines Limited (Registered number: 06214872)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 5,701 8,877
Tax 6,888 11,424
VAT 3,767 4,221
Directors' current accounts 17 1,555
Accruals and other creditors 1,550 1,700
17,923 27,777