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REGISTERED NUMBER: 01205135 (England and Wales)















The Bacchus Wine Company (Kensington)
Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






The Bacchus Wine Company (Kensington)
Limited (Registered number: 01205135)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Bacchus Wine Company (Kensington)
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J J Eustace
Mrs S Astbury
M J Gordon Clark
W Bannister



SECRETARY: M J Gordon Clark



REGISTERED OFFICE: Sheep Street
Stow-on-the-wold
Gloucestershire
GL54 1AA



REGISTERED NUMBER: 01205135 (England and Wales)



ACCOUNTANTS: DSJ Partners (UK) Limited
2nd Floor
1 Bell Street
London
NW1 5BY



SOLICITORS: Charles Russell Speechlys LLP
Compass House
Lypiatt Road
Cheltenham
Gloucestershire
GL50 2QJ

The Bacchus Wine Company (Kensington)
Limited (Registered number: 01205135)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 266,480 246,742
Investments 5 2,000 2,000
268,480 248,742

CURRENT ASSETS
Stocks 6 1,418,354 1,310,311
Debtors 7 593,835 512,308
Cash at bank and in hand 348,623 263,094
2,360,812 2,085,713
CREDITORS
Amounts falling due within one year 8 (1,156,226 ) (1,002,844 )
NET CURRENT ASSETS 1,204,586 1,082,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,473,066

1,331,611

CREDITORS
Amounts falling due after more than one
year

9

(11,713

)

(21,735

)

PROVISIONS FOR LIABILITIES (21,403 ) (11,302 )
NET ASSETS 1,439,950 1,298,574

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,439,850 1,298,474
SHAREHOLDERS' FUNDS 1,439,950 1,298,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

The Bacchus Wine Company (Kensington)
Limited (Registered number: 01205135)

Balance Sheet - continued
31 March 2024


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 2 October 2024 and were signed on its behalf by:




M J Gordon Clark - Director



J J Eustace - Director


The Bacchus Wine Company (Kensington)
Limited (Registered number: 01205135)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

The Bacchus Wine Company (Kensington) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - straight line over life of lease
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value. Costs comprise cost of purchase plus duty and shipping and warehousing charges.

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.

Foreign currencies
Liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

The Bacchus Wine Company (Kensington)
Limited (Registered number: 01205135)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

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
Contributions payable to the pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Short and Motor
property leasehold fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 159,689 223,333 387,417 14,491 784,930
Additions - - 29,480 31,165 60,645
At 31 March 2024 159,689 223,333 416,897 45,656 845,575
DEPRECIATION
At 1 April 2023 9,558 223,333 301,674 3,623 538,188
Charge for year 1,593 - 28,806 10,508 40,907
At 31 March 2024 11,151 223,333 330,480 14,131 579,095
NET BOOK VALUE
At 31 March 2024 148,538 - 86,417 31,525 266,480
At 31 March 2023 150,131 - 85,743 10,868 246,742


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 2,000
NET BOOK VALUE
At 31 March 2024 2,000
At 31 March 2023 2,000

The Bacchus Wine Company (Kensington)
Limited (Registered number: 01205135)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. STOCKS
2024 2023
£    £   
Goods for resale 1,418,354 1,310,311

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 541,849 463,258
Other debtors 51,986 49,050
593,835 512,308

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 900,865 776,450
Taxation and social security 153,457 144,784
Other creditors 91,904 71,610
1,156,226 1,002,844

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,713 21,735

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 21,713 31,735

11. CONTINGENT LIABILITIES

At 31 March 2024, the company had outstanding forward exchange contracts amounting to £256,314.

12. OTHER FINANCIAL COMMITMENTS

At 31 March 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £234,275 (2023:£288,925).