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REGISTERED NUMBER: 08402384 (England and Wales)


Financial Statements for the Year Ended 31 January 2024

for

Sanghera Food & Wine Ltd

Sanghera Food & Wine Ltd (Registered number: 08402384)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Sanghera Food & Wine Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs Parminder Kaur Sanghera
Mr Sukhjinder Singh Sanghera





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 08402384 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Sanghera Food & Wine Ltd (Registered number: 08402384)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 37,080 41,475

CURRENT ASSETS
Inventories 89,148 84,577
Debtors 5 10,454 8,076
Cash at bank and in hand 14,420 99,063
114,022 191,716
CREDITORS
Amounts falling due within one year 6 33,881 100,128
NET CURRENT ASSETS 80,141 91,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,221

133,063

CREDITORS
Amounts falling due after more than one
year

7

53,696

69,543
NET ASSETS 63,525 63,520

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 63,325 63,320
SHAREHOLDERS' FUNDS 63,525 63,520

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

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

Sanghera Food & Wine Ltd (Registered number: 08402384)

Statement of Financial Position - continued
31 January 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 15 October 2024 and were signed on its behalf by:





Mr Sukhjinder Singh Sanghera - Director


Sanghera Food & Wine Ltd (Registered number: 08402384)

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

1. STATUTORY INFORMATION

Sanghera Food & 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.

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 reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

Sanghera Food & Wine Ltd (Registered number: 08402384)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 February 2023 89,726
Additions 7,965
At 31 January 2024 97,691
DEPRECIATION
At 1 February 2023 48,251
Charge for year 12,360
At 31 January 2024 60,611
NET BOOK VALUE
At 31 January 2024 37,080
At 31 January 2023 41,475

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 10,082 8,076
Other debtors 372 -
10,454 8,076

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts - 78,157
Trade creditors 20,838 4,676
Taxation and social security 11,372 9,639
Other creditors 1,671 7,656
33,881 100,128

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 28,544 35,514
Hire purchase contracts 25,152 34,029
53,696 69,543

Sanghera Food & Wine Ltd (Registered number: 08402384)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
200 Ordinary £1 200 200

9. RELATED PARTY DISCLOSURES

During the year, the Company has to pay rent of £12,000 (2023:12,000) in respect of the business property owned by the directors.