IRIS Accounts Production v24.1.4.33 11856315 director 1.3.23 29.2.24 29.2.24 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118563152023-02-28118563152024-02-29118563152023-03-012024-02-29118563152022-02-28118563152022-03-012023-02-28118563152023-02-2811856315ns15:EnglandWales2023-03-012024-02-2911856315ns14:PoundSterling2023-03-012024-02-2911856315ns10:Director12023-03-012024-02-2911856315ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2911856315ns10:SmallEntities2023-03-012024-02-2911856315ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2911856315ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2911856315ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2911856315ns10:FullAccounts2023-03-012024-02-291185631512023-03-012024-02-2911856315ns10:RegisteredOffice2023-03-012024-02-2911856315ns5:CurrentFinancialInstruments2024-02-2911856315ns5:CurrentFinancialInstruments2023-02-2811856315ns5:Non-currentFinancialInstruments2024-02-2911856315ns5:Non-currentFinancialInstruments2023-02-2811856315ns5:ShareCapital2024-02-2911856315ns5:ShareCapital2023-02-2811856315ns5:RetainedEarningsAccumulatedLosses2024-02-2911856315ns5:RetainedEarningsAccumulatedLosses2023-02-2811856315ns5:NetGoodwill2023-03-012024-02-2911856315ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911856315ns5:NetGoodwill2023-02-2811856315ns5:NetGoodwill2024-02-2911856315ns5:NetGoodwill2023-02-2811856315ns5:LandBuildings2023-02-2811856315ns5:PlantMachinery2023-02-2811856315ns5:LandBuildings2023-03-012024-02-2911856315ns5:PlantMachinery2023-03-012024-02-2911856315ns5:LandBuildings2024-02-2911856315ns5:PlantMachinery2024-02-2911856315ns5:LandBuildings2023-02-2811856315ns5:PlantMachinery2023-02-2811856315ns5:RetainedEarningsAccumulatedLosses2023-02-2811856315ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 11856315 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

The Wineseller Ltd

The Wineseller Ltd (Registered number: 11856315)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Wineseller Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: S S Gakhal





REGISTERED OFFICE: 16b Church Street
St. Georges
Telford
United Kingdom
TF2 9JU





REGISTERED NUMBER: 11856315 (England and Wales)





ACCOUNTANTS: HR Accountants
149 Spon Lane
West Bromwich
West Midlands
B70 6AS

The Wineseller Ltd (Registered number: 11856315)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 62,000 62,000
Tangible assets 5 121,117 123,249
183,117 185,249

CURRENT ASSETS
Stocks 56,160 50,409
Cash at bank and in hand 14,517 23,705
70,677 74,114
CREDITORS
Amounts falling due within one year 6 136,383 137,607
NET CURRENT LIABILITIES (65,706 ) (63,493 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,411

121,756

CREDITORS
Amounts falling due after more than one
year

7

61,606

64,783
NET ASSETS 55,805 56,973

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 55,804 56,972
55,805 56,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

The Wineseller Ltd (Registered number: 11856315)

Balance Sheet - continued
29 February 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 21 November 2024 and were signed by:





S S Gakhal - Director


The Wineseller Ltd (Registered number: 11856315)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

The Wineseller 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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

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.

3. EMPLOYEES AND DIRECTORS

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

The Wineseller Ltd (Registered number: 11856315)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 62,000
NET BOOK VALUE
At 29 February 2024 62,000
At 28 February 2023 62,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 112,949 13,124 126,073
DEPRECIATION
At 1 March 2023 1,133 1,691 2,824
Charge for year - 2,132 2,132
At 29 February 2024 1,133 3,823 4,956
NET BOOK VALUE
At 29 February 2024 111,816 9,301 121,117
At 28 February 2023 111,816 11,433 123,249

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts - 8,301
Trade creditors 30,056 24,014
Taxation and social security 27,866 23,623
Other creditors 78,461 81,669
136,383 137,607

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 61,606 64,783

The Wineseller Ltd (Registered number: 11856315)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. RESERVES
Retained
earnings
£   

At 1 March 2023 56,972
Profit for the year 8,832
Dividends (10,000 )
At 29 February 2024 55,804