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REGISTERED NUMBER: 06761750 (England and Wales)















TASTE FINE WINES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2023






TASTE FINE WINES LTD (REGISTERED NUMBER: 06761750)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TASTE FINE WINES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: D Marriott
T J Marriott
Mrs A Marriott





SECRETARY: T J Marriott





REGISTERED OFFICE: 1 Westgate
Almondbury
Huddersfield
HD5 8XF





REGISTERED NUMBER: 06761750 (England and Wales)





ACCOUNTANTS: STEAD ROBINSON
Dipford House, Queens Square
Huddersfield Road
Honley
Holmfirth
HD9 6QZ

TASTE FINE WINES LTD (REGISTERED NUMBER: 06761750)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,500 12,000
Tangible assets 5 5,674 7,582
16,174 19,582

CURRENT ASSETS
Stocks 73,495 83,275
Debtors 6 66,628 76,066
Cash at bank and in hand 10,541 2,710
150,664 162,051
CREDITORS
Amounts falling due within one year 7 132,719 138,182
NET CURRENT ASSETS 17,945 23,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,119

43,451

CREDITORS
Amounts falling due after more than one year 8 32,500 42,500
NET ASSETS 1,619 951

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,616 948
SHAREHOLDERS' FUNDS 1,619 951

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

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

TASTE FINE WINES LTD (REGISTERED NUMBER: 06761750)

BALANCE SHEET - continued
31 AUGUST 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 16 April 2024 and were signed on its behalf by:





D Marriott - Director


TASTE FINE WINES LTD (REGISTERED NUMBER: 06761750)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Taste Fine Wines 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
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 in 2010, is being amortised evenly over its estimated useful life of twenty 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 - 15% on cost

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 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.

TASTE FINE WINES LTD (REGISTERED NUMBER: 06761750)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 30,000
AMORTISATION
At 1 September 2022 18,000
Charge for year 1,500
At 31 August 2023 19,500
NET BOOK VALUE
At 31 August 2023 10,500
At 31 August 2022 12,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 27,723 3,210 3,000 33,933
DEPRECIATION
At 1 September 2022 20,489 2,863 2,999 26,351
Charge for year 1,835 73 - 1,908
At 31 August 2023 22,324 2,936 2,999 28,259
NET BOOK VALUE
At 31 August 2023 5,399 274 1 5,674
At 31 August 2022 7,234 347 1 7,582

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,625 70,825
Other debtors 4,003 5,241
66,628 76,066

TASTE FINE WINES LTD (REGISTERED NUMBER: 06761750)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,189
Trade creditors 121,129 126,809
Taxation and social security 8,128 6,421
Other creditors 3,462 3,763
132,719 138,182

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 32,500 42,500