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REGISTERED NUMBER: 09586808 (England and Wales)















Financial Statements for the Year Ended 29 May 2023

for

J D Wines Premier Limited

J D Wines Premier Limited (Registered number: 09586808)






Contents of the Financial Statements
for the Year Ended 29 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J D Wines Premier Limited

Company Information
for the Year Ended 29 May 2023







DIRECTOR: Mr Shazad Akbar





REGISTERED OFFICE: 46 Houghton Place
BRADFORD
BD1 3RG





REGISTERED NUMBER: 09586808 (England and Wales)





ACCOUNTANTS: Abraham Accountants
Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG

J D Wines Premier Limited (Registered number: 09586808)

Balance Sheet
29 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,796 5,062
Property, plant and equipment 5 8,132 10,844
11,928 15,906

CURRENT ASSETS
Inventories 38,827 35,829
Cash at bank and in hand 71,686 90,595
110,513 126,424
CREDITORS
Amounts falling due within one year 6 5,542 7,033
NET CURRENT ASSETS 104,971 119,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,899

135,297

CREDITORS
Amounts falling due after more than
one year

7

(34,113

)

(44,113

)

PROVISIONS FOR LIABILITIES (1,546 ) (2,061 )
NET ASSETS 81,240 89,123

J D Wines Premier Limited (Registered number: 09586808)

Balance Sheet - continued
29 May 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 81,140 89,023
SHAREHOLDERS' FUNDS 81,240 89,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

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 14 February 2024 and were signed by:





Mr Shazad Akbar - Director


J D Wines Premier Limited (Registered number: 09586808)

Notes to the Financial Statements
for the Year Ended 29 May 2023

1. STATUTORY INFORMATION

J D Wines Premier 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 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 2015, is being amortised evenly over its estimated useful life of ten 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 cost and 20% on cost

Stocks
Inventories 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.


J D Wines Premier Limited (Registered number: 09586808)

Notes to the Financial Statements - continued
for the Year Ended 29 May 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 May 2022
and 29 May 2023 18,000
AMORTISATION
At 30 May 2022 12,938
Amortisation for year 1,266
At 29 May 2023 14,204
NET BOOK VALUE
At 29 May 2023 3,796
At 29 May 2022 5,062

J D Wines Premier Limited (Registered number: 09586808)

Notes to the Financial Statements - continued
for the Year Ended 29 May 2023

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 30 May 2022
and 29 May 2023 31,240 7,495 38,735
DEPRECIATION
At 30 May 2022 23,442 4,449 27,891
Charge for year 1,950 762 2,712
At 29 May 2023 25,392 5,211 30,603
NET BOOK VALUE
At 29 May 2023 5,848 2,284 8,132
At 29 May 2022 7,798 3,046 10,844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Taxation and social security 5,542 7,033

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 34,113 44,113

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 34,113 44,113

J D Wines Premier Limited (Registered number: 09586808)

Notes to the Financial Statements - continued
for the Year Ended 29 May 2023

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 34,113 44,113

9. RESERVES
Retained
earnings
£   

At 30 May 2022 89,023
Profit for the year 8,293
Dividends (16,176 )
At 29 May 2023 81,140