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REGISTERED NUMBER: 09003511 (England and Wales)


Financial Statements for the Year Ended 31 March 2024

for

7 To 10 Food & Wine Ltd

7 To 10 Food & Wine Ltd (Registered number: 09003511)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


7 To 10 Food & Wine Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Amrik Singh





REGISTERED OFFICE: 104 Wentloog Road
Rumney
Cardiff
Wales
CF3 3EA





REGISTERED NUMBER: 09003511 (England and Wales)





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

7 To 10 Food & Wine Ltd (Registered number: 09003511)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 153,748 153,748
Property, plant and equipment 5 50,438 44,717
204,186 198,465

CURRENT ASSETS
Inventories 95,273 91,475
Debtors 6 252,171 302,891
Cash at bank and in hand 196,477 42,053
543,921 436,419
CREDITORS
Amounts falling due within one year 7 421,185 451,824
NET CURRENT ASSETS/(LIABILITIES) 122,736 (15,405 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

326,922

183,060

CREDITORS
Amounts falling due after more than one
year

8

197,231

66,171
NET ASSETS 129,691 116,889

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 129,491 116,689
SHAREHOLDERS' FUNDS 129,691 116,889

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 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.

7 To 10 Food & Wine Ltd (Registered number: 09003511)

Statement of Financial Position - 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 director and authorised for issue on 17 October 2024 and were signed by:





Mr Amrik Singh - Director


7 To 10 Food & Wine Ltd (Registered number: 09003511)

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

1. STATUTORY INFORMATION

7 To 10 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
Turnover represents net sales of goods, excluding value added tax.

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 - 20% 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 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 153,748
NET BOOK VALUE
At 31 March 2024 153,748
At 31 March 2023 153,748

7 To 10 Food & Wine Ltd (Registered number: 09003511)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1 77,817 77,818
Additions - 18,330 18,330
At 31 March 2024 1 96,147 96,148
DEPRECIATION
At 1 April 2023 - 33,101 33,101
Charge for year - 12,609 12,609
At 31 March 2024 - 45,710 45,710
NET BOOK VALUE
At 31 March 2024 1 50,437 50,438
At 31 March 2023 1 44,716 44,717

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 251,955 302,570
Other debtors 216 321
252,171 302,891

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 64,592 62,256
Taxation and social security 11,252 20,371
Other creditors 345,341 369,197
421,185 451,824

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 174,174 35,833
Hire purchase contracts 23,057 30,338
197,231 66,171

7 To 10 Food & Wine Ltd (Registered number: 09003511)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
200 Ordinary £ 1 200 200

10. RELATED PARTY DISCLOSURES

During the year, the company has paid rent of £10,000 (£15,000 : 2023) in respect of use of business
property "104 Wentloog Road, Rumney, Cardiff, CF3 3EA" owned by the directors.