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REGISTERED NUMBER: 03986649 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Define Food and Wine Limited

Define Food and Wine Limited (Registered number: 03986649)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Define Food and Wine Limited

Company Information
for the year ended 31 July 2023







DIRECTOR: Mr J Campbell





SECRETARY: Mrs A J Campbell





REGISTERED OFFICE: Chester Road
Sandiway
Northwich
Cheshire
CW8 2NH





REGISTERED NUMBER: 03986649 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
2nd Floor Fairbank House
27 Ashley Road
Altrincham
Cheshire
WA14 2DP

Define Food and Wine Limited (Registered number: 03986649)

Balance Sheet
31 July 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 118,029 130,021
118,029 130,021

CURRENT ASSETS
Stocks 339,698 305,820
Debtors 6 88,461 82,606
Cash at bank and in hand 5,569 23,493
433,728 411,919
CREDITORS
Amounts falling due within one year 7 (258,900 ) (251,315 )
NET CURRENT ASSETS 174,828 160,604
TOTAL ASSETS LESS CURRENT LIABILITIES 292,857 290,625

CREDITORS
Amounts falling due after more than one year 8 (96,399 ) (107,336 )

PROVISIONS FOR LIABILITIES (11,726 ) (10,676 )
NET ASSETS 184,732 172,613

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 184,632 172,513
SHAREHOLDERS' FUNDS 184,732 172,613

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

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

Define Food and Wine Limited (Registered number: 03986649)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 February 2024 and were signed by:





Mr J Campbell - Director


Define Food and Wine Limited (Registered number: 03986649)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Define Food and Wine 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
Turnover 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, is being amortised evenly over its estimated useful life.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings - 10% straight line
Fixtures and fittings - 25% straight line
Computers - 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Stocks
Stocks 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 Statement of Income and Retained Earnings, 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.


Define Food and Wine Limited (Registered number: 03986649)

Notes to the Financial Statements - continued
for the year ended 31 July 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.

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 24 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 August 2022
and 31 July 2023 6,000
AMORTISATION
At 1 August 2022
and 31 July 2023 6,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Define Food and Wine Limited (Registered number: 03986649)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 August 2022 311,016 150,368 - 18,336 479,720
Additions - 15,387 10,500 408 26,295
Disposals - (33,029 ) - - (33,029 )
At 31 July 2023 311,016 132,726 10,500 18,744 472,986
DEPRECIATION
At 1 August 2022 192,669 144,669 - 12,361 349,699
Charge for year 28,205 4,909 1,750 3,423 38,287
Eliminated on disposal - (33,029 ) - - (33,029 )
At 31 July 2023 220,874 116,549 1,750 15,784 354,957
NET BOOK VALUE
At 31 July 2023 90,142 16,177 8,750 2,960 118,029
At 31 July 2022 118,347 5,699 - 5,975 130,021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 82,508 75,656
Prepayments & accrued income 5,953 6,950
88,461 82,606

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 13,894 13,894
Trade creditors 177,818 183,343
Tax 7,973 6,384
Social security & other taxes 1,814 1,474
VAT 35,593 30,708
Other creditors 15,895 11,277
Accruals & deferred income 5,913 4,235
258,900 251,315

Bank loans totalling £2,597 (2022 - £2,597) are secured by a fixed and floating charge over the company's assets.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans - 1-2 years 18,435 31,408
Directors' loan accounts 77,964 75,928
96,399 107,336

Bank loans totalling £1,171 (2022 - £3,918) are secured by a fixed and floating charge over the company's assets.

Define Food and Wine Limited (Registered number: 03986649)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

9. LEASING AGREEMENTS
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:


2023 2022
£    £   

105,730 135,188



10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary Gbp1 Shares 1 100 100

11. RELATED PARTY DISCLOSURES

Amounts due to related parties 2023 2022
£    £   
Director 77,964 75,928


Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Define Food and Wine Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Define Food and Wine Limited for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Define Food and Wine Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Define Food and Wine Limited and state those matters that we have agreed to state to the director of Define Food and Wine Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Define Food and Wine Limited and its director for our work or for this report.

It is your duty to ensure that Define Food and Wine Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Define Food and Wine Limited. You consider that Define Food and Wine Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Define Food and Wine Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
2nd Floor Fairbank House
27 Ashley Road
Altrincham
Cheshire
WA14 2DP


23 February 2024