2023-03-012024-02-292024-02-29false02793727CAMBRIDGE WINE MERCHANTS LTD2024-09-1246342iso4217:GBPxbrli:pure027937272023-03-01027937272024-02-29027937272023-03-012024-02-29027937272022-03-01027937272023-02-28027937272022-03-012023-02-2802793727bus:SmallEntities2023-03-012024-02-2902793727bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2902793727bus:AbridgedAccounts2023-03-012024-02-2902793727bus:PrivateLimitedCompanyLtd2023-03-012024-02-2902793727core:WithinOneYear2024-02-2902793727core:AfterOneYear2024-02-2902793727core:WithinOneYear2023-02-2802793727core:AfterOneYear2023-02-2802793727core:ShareCapital2024-02-2902793727core:SharePremium2024-02-2902793727core:RevaluationReserve2024-02-2902793727core:OtherReservesSubtotal2024-02-2902793727core:RetainedEarningsAccumulatedLosses2024-02-2902793727core:ShareCapital2023-02-2802793727core:SharePremium2023-02-2802793727core:RevaluationReserve2023-02-2802793727core:OtherReservesSubtotal2023-02-2802793727core:RetainedEarningsAccumulatedLosses2023-02-2802793727core:LandBuildings2024-02-2902793727core:PlantMachinery2024-02-2902793727core:Vehicles2024-02-2902793727core:FurnitureFittings2024-02-2902793727core:OfficeEquipment2024-02-2902793727core:NetGoodwill2024-02-2902793727core:IntangibleAssetsOtherThanGoodwill2024-02-2902793727core:ListedExchangeTraded2024-02-2902793727core:UnlistedNon-exchangeTraded2024-02-2902793727core:LandBuildings2023-02-2802793727core:PlantMachinery2023-02-2802793727core:Vehicles2023-02-2802793727core:FurnitureFittings2023-02-2802793727core:OfficeEquipment2023-02-2802793727core:NetGoodwill2023-02-2802793727core:IntangibleAssetsOtherThanGoodwill2023-02-2802793727core:ListedExchangeTraded2023-02-2802793727core:UnlistedNon-exchangeTraded2023-02-2802793727core:LandBuildings2023-03-012024-02-2902793727core:PlantMachinery2023-03-012024-02-2902793727core:Vehicles2023-03-012024-02-2902793727core:FurnitureFittings2023-03-012024-02-2902793727core:OfficeEquipment2023-03-012024-02-2902793727core:NetGoodwill2023-03-012024-02-2902793727core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2902793727core:ListedExchangeTraded2023-03-012024-02-2902793727core:UnlistedNon-exchangeTraded2023-03-012024-02-2902793727core:MoreThanFiveYears2023-03-012024-02-2902793727core:Non-currentFinancialInstruments2024-02-2902793727core:Non-currentFinancialInstruments2023-02-2802793727dpl:CostSales2023-03-012024-02-2902793727dpl:DistributionCosts2023-03-012024-02-2902793727core:LandBuildings2023-03-012024-02-2902793727core:PlantMachinery2023-03-012024-02-2902793727core:Vehicles2023-03-012024-02-2902793727core:FurnitureFittings2023-03-012024-02-2902793727core:OfficeEquipment2023-03-012024-02-2902793727dpl:AdministrativeExpenses2023-03-012024-02-2902793727core:NetGoodwill2023-03-012024-02-2902793727core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2902793727dpl:GroupUndertakings2023-03-012024-02-2902793727dpl:ParticipatingInterests2023-03-012024-02-2902793727dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2902793727core:ListedExchangeTraded2023-03-012024-02-2902793727dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2902793727core:UnlistedNon-exchangeTraded2023-03-012024-02-2902793727dpl:CostSales2022-03-012023-02-2802793727dpl:DistributionCosts2022-03-012023-02-2802793727core:LandBuildings2022-03-012023-02-2802793727core:PlantMachinery2022-03-012023-02-2802793727core:Vehicles2022-03-012023-02-2802793727core:FurnitureFittings2022-03-012023-02-2802793727core:OfficeEquipment2022-03-012023-02-2802793727dpl:AdministrativeExpenses2022-03-012023-02-2802793727core:NetGoodwill2022-03-012023-02-2802793727core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2802793727dpl:GroupUndertakings2022-03-012023-02-2802793727dpl:ParticipatingInterests2022-03-012023-02-2802793727dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2802793727core:ListedExchangeTraded2022-03-012023-02-2802793727dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2802793727core:UnlistedNon-exchangeTraded2022-03-012023-02-2802793727core:NetGoodwill2024-02-2902793727core:IntangibleAssetsOtherThanGoodwill2024-02-2902793727core:LandBuildings2024-02-2902793727core:PlantMachinery2024-02-2902793727core:Vehicles2024-02-2902793727core:FurnitureFittings2024-02-2902793727core:OfficeEquipment2024-02-2902793727core:AfterOneYear2024-02-2902793727core:WithinOneYear2024-02-2902793727core:ListedExchangeTraded2024-02-2902793727core:UnlistedNon-exchangeTraded2024-02-2902793727core:ShareCapital2024-02-2902793727core:SharePremium2024-02-2902793727core:RevaluationReserve2024-02-2902793727core:OtherReservesSubtotal2024-02-2902793727core:RetainedEarningsAccumulatedLosses2024-02-2902793727core:NetGoodwill2023-02-2802793727core:IntangibleAssetsOtherThanGoodwill2023-02-2802793727core:LandBuildings2023-02-2802793727core:PlantMachinery2023-02-2802793727core:Vehicles2023-02-2802793727core:FurnitureFittings2023-02-2802793727core:OfficeEquipment2023-02-2802793727core:AfterOneYear2023-02-2802793727core:WithinOneYear2023-02-2802793727core:Liste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CAMBRIDGE WINE MERCHANTS LTD

Registered Number
02793727
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

CAMBRIDGE WINE MERCHANTS LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

TURNER, Brett Alexander Charles
WILSON, Timothy Hal Quentin

Company Secretary

WILSON, Timothy Hal Quentin

Registered Address

46 Harvey Goodwin Avenue
Cambridge
Cambs
CB4 3EU

Registered Number

02793727 (England and Wales)
CAMBRIDGE WINE MERCHANTS LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets331,19132,377
31,19132,377
Current assets
Stocks1,508,6971,456,050
Debtors511,526611,044
Cash at bank and on hand153,34256,153
2,173,5652,123,247
Creditors amounts falling due within one year4(963,442)(1,048,397)
Net current assets (liabilities)1,210,1231,074,850
Total assets less current liabilities1,241,3141,107,227
Provisions for liabilities(8,760)(8,760)
Net assets1,232,5541,098,467
Capital and reserves
Called up share capital93,28593,285
Profit and loss account1,139,2691,005,182
Shareholders' funds1,232,5541,098,467
The financial statements were approved and authorised for issue by the Board of Directors on 12 September 2024, and are signed on its behalf by:
WILSON, Timothy Hal Quentin
Director
Registered Company No. 02793727
CAMBRIDGE WINE MERCHANTS LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year4138
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 23425,798
Additions16,161
At 29 February 24441,959
Depreciation and impairment
At 01 March 23393,421
Charge for year17,347
At 29 February 24410,768
Net book value
At 29 February 2431,191
At 28 February 2332,377
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables614,737675,087
Bank borrowings and overdrafts23,95671,806
Taxation and social security299,694277,707
Other creditors1,102440
Accrued liabilities and deferred income23,95323,357
Total963,4421,048,397
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.