2022-03-012023-02-282023-02-28false13187903TEAL & WINE 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TEAL & WINE LTD

Registered Number
13187903
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

TEAL & WINE LTD
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

DOE, Jonathan Michael
LU, Ping

Registered Address

15 Ridgehill
Bristol
BS9 4SB

Registered Number

13187903 (England and Wales)
TEAL & WINE LTD
Statement of Financial Position
28 February 2023

Notes

2023

2022

£

£

£

£

Current assets
Stocks55,19524,600
Debtors644-
Cash at bank and on hand9,54023,159
14,77947,759
Creditors amounts falling due within one year7(14,247)(46,868)
Net current assets (liabilities)532891
Total assets less current liabilities532891
Net assets532891
Capital and reserves
Called up share capital100100
Profit and loss account432791
Shareholders' funds532891
The financial statements were approved and authorised for issue by the Board of Directors on 23 November 2023, and are signed on its behalf by:
DOE, Jonathan Michael
Director
Registered Company No. 13187903
TEAL & WINE LTD
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Going concern
The company continues to adopt the going concern basis in preparing its financial statements.
4.Employee information

20232022
Average number of employees during the year22
5.Stocks

2023

2022

££
Other stocks5,19524,600
Total5,19524,600
6.Debtors

2023

2022

££
Other debtors44-
Total44-
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Taxation and social security1,0571,875
Other creditors13,19044,993
Total14,24746,868
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.