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REGISTERED NUMBER: 04415443 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

THEATRE OF WINE LTD

THEATRE OF WINE LTD (REGISTERED NUMBER: 04415443)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THEATRE OF WINE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: D Illsley
J C Jackson
T A Fedrick-Illsley





REGISTERED OFFICE: 75 Trafalgar Road
Greenwich
LONDON
SE10 9TS





REGISTERED NUMBER: 04415443 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

THEATRE OF WINE LTD (REGISTERED NUMBER: 04415443)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 20,137 15,261
Property, plant and equipment 5 9,464 9,107
29,601 24,368

CURRENT ASSETS
Inventories 314,638 289,526
Debtors 6 182,709 144,852
Cash at bank 102,546 99,805
599,893 534,183
CREDITORS
Amounts falling due within one year 7 (263,334 ) (174,382 )
NET CURRENT ASSETS 336,559 359,801
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,160

384,169

PROVISIONS FOR LIABILITIES (5,568 ) (4,562 )
NET ASSETS 360,592 379,607

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 360,492 379,507
360,592 379,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

THEATRE OF WINE LTD (REGISTERED NUMBER: 04415443)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:




D Illsley - Director



J C Jackson - Director


THEATRE OF WINE LTD (REGISTERED NUMBER: 04415443)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Theatre of 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.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

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 - 25% on reducing balance
Motor vehicles - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 21 (2022 - 21 ) .

THEATRE OF WINE LTD (REGISTERED NUMBER: 04415443)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022 18,734
Additions 7,500
At 30 April 2023 26,234
AMORTISATION
At 1 May 2022 3,473
Charge for year 2,624
At 30 April 2023 6,097
NET BOOK VALUE
At 30 April 2023 20,137
At 30 April 2022 15,261

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 53,969 19,800 73,769
Additions 4,122 - 4,122
Disposals (3,032 ) - (3,032 )
At 30 April 2023 55,059 19,800 74,859
DEPRECIATION
At 1 May 2022 44,862 19,800 64,662
Charge for year 2,555 - 2,555
Eliminated on disposal (1,822 ) - (1,822 )
At 30 April 2023 45,595 19,800 65,395
NET BOOK VALUE
At 30 April 2023 9,464 - 9,464
At 30 April 2022 9,107 - 9,107

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 164,012 116,375
Other debtors 4,375 4,375
Prepayments 14,322 24,102
182,709 144,852

THEATRE OF WINE LTD (REGISTERED NUMBER: 04415443)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 132,688 66,060
Tax 680 13,083
Social security and other taxes 103,013 75,955
Other creditors 12,625 5,752
Directors' current accounts 11,608 10,812
Accrued expenses 2,720 2,720
263,334 174,382

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,522 were paid to the directors .