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REGISTERED NUMBER: 09111007 (England and Wales)


Financial Statements for the Year Ended 30 June 2024

for

Value Food & Wine Ltd

Value Food & Wine Ltd (Registered number: 09111007)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Value Food & Wine Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Daljit Singh Arorra
Mr Meet Singh Arorra





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





REGISTERED NUMBER: 09111007 (England and Wales)





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

Value Food & Wine Ltd (Registered number: 09111007)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 36,065 34,140

CURRENT ASSETS
Inventories 69,858 66,485
Debtors 5 105,063 2,858
Cash at bank and in hand 5,255 53,822
180,176 123,165
CREDITORS
Amounts falling due within one year 6 34,383 25,200
NET CURRENT ASSETS 145,793 97,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,858

132,105

CREDITORS
Amounts falling due after more than one
year

7

172,637

130,231
NET ASSETS 9,221 1,874

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9,121 1,774
SHAREHOLDERS' FUNDS 9,221 1,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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

Value Food & Wine Ltd (Registered number: 09111007)

Statement of Financial Position - continued
30 June 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 18 October 2024 and were signed on its behalf by:





Mr Daljit Singh Arorra - Director


Value Food & Wine Ltd (Registered number: 09111007)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Value 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 invoiced goods and services excluding Value Added Tax.

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 5 (2023 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 1 80,289 80,290
Additions - 13,946 13,946
At 30 June 2024 1 94,235 94,236
DEPRECIATION
At 1 July 2023 - 46,150 46,150
Charge for year - 12,021 12,021
At 30 June 2024 - 58,171 58,171
NET BOOK VALUE
At 30 June 2024 1 36,064 36,065
At 30 June 2023 1 34,139 34,140

Value Food & Wine Ltd (Registered number: 09111007)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 104,889 2,694
Other debtors 174 164
105,063 2,858

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 4,386 -
Trade creditors 18,669 18,705
Taxation and social security 7,354 6,123
Other creditors 3,974 372
34,383 25,200

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 159,228 111,793
Hire purchase contracts 13,409 18,438
172,637 130,231

Amounts falling due in more than five years:

Repayable by instalments
Bank Loan 2 20,809 32,648

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 1 100 100