2023-03-012024-02-292024-02-29false13187903TEAL & WINE LTD2024-11-1847910iso4217:GBPxbrli:pure131879032023-03-01131879032024-02-29131879032023-03-012024-02-29131879032022-03-01131879032023-02-28131879032022-03-012023-02-2813187903bus:SmallEntities2023-03-012024-02-2913187903bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2913187903bus:FullAccounts2023-03-012024-02-2913187903bus:PrivateLimitedCompanyLtd2023-03-012024-02-2913187903core:WithinOneYear2024-02-2913187903core:AfterOneYear2024-02-2913187903core:WithinOneYear2023-02-2813187903core:AfterOneYear2023-02-2813187903core:ShareCapital2024-02-2913187903core:SharePremium2024-02-2913187903core:RevaluationReserve2024-02-2913187903core:OtherReservesSubtotal2024-02-2913187903core:RetainedEarningsAccumulatedLosses2024-02-2913187903core:ShareCapital2023-02-2813187903core:SharePremium2023-02-2813187903core:RevaluationReserve2023-02-2813187903core:OtherReservesSubtotal2023-02-2813187903core:RetainedEarningsAccumulatedLosses2023-02-2813187903core:LandBuildings2024-02-2913187903core:PlantMachinery2024-02-2913187903core:Vehicles2024-02-2913187903core:FurnitureFittings2024-02-2913187903core:OfficeEquipment2024-02-2913187903core:NetGoodwill2024-02-2913187903core:IntangibleAssetsOtherThanGoodwill2024-02-2913187903core:ListedExchangeTraded2024-02-2913187903core:UnlistedNon-exchangeTraded2024-02-2913187903core:LandBuildings2023-02-2813187903core:PlantMachinery2023-02-2813187903core:Vehicles2023-02-2813187903core:FurnitureFittings2023-02-2813187903core:OfficeEquipment2023-02-2813187903core:NetGoodwill2023-02-2813187903core:IntangibleAssetsOtherThanGoodwill2023-02-2813187903core:ListedExchangeTraded2023-02-2813187903core:UnlistedNon-exchangeTraded2023-02-2813187903core:LandBuildings2023-03-012024-02-2913187903core:PlantMachinery2023-03-012024-02-2913187903core:Vehicles2023-03-012024-02-2913187903core:FurnitureFittings2023-03-012024-02-2913187903core:OfficeEquipment2023-03-012024-02-2913187903core:NetGoodwill2023-03-012024-02-2913187903core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2913187903core:ListedExchangeTraded2023-03-012024-02-2913187903core:UnlistedNon-exchangeTraded2023-03-012024-02-2913187903core:MoreThanFiveYears2023-03-012024-02-2913187903core:Non-currentFinancialInstruments2024-02-2913187903core:Non-currentFinancialInstruments2023-02-2813187903dpl:CostSales2023-03-012024-02-2913187903dpl:DistributionCosts2023-03-012024-02-2913187903core:LandBuildings2023-03-012024-02-2913187903core:PlantMachinery2023-03-012024-02-2913187903core:Vehicles2023-03-012024-02-2913187903core:FurnitureFittings2023-03-012024-02-2913187903core:OfficeEquipment2023-03-012024-02-2913187903dpl:AdministrativeExpenses2023-03-012024-02-2913187903core:NetGoodwill2023-03-012024-02-2913187903core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2913187903dpl:GroupUndertakings2023-03-012024-02-2913187903dpl:ParticipatingInterests2023-03-012024-02-2913187903dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2913187903core:ListedExchangeTraded2023-03-012024-02-2913187903dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2913187903core:UnlistedNon-exchangeTraded2023-03-012024-02-2913187903dpl:CostSales2022-03-012023-02-2813187903dpl:DistributionCosts2022-03-012023-02-2813187903core:LandBuildings2022-03-012023-02-2813187903core:PlantMachinery2022-03-012023-02-2813187903core:Vehicles2022-03-012023-02-2813187903core:FurnitureFittings2022-03-012023-02-2813187903core:OfficeEquipment2022-03-012023-02-2813187903dpl:AdministrativeExpenses2022-03-012023-02-2813187903core:NetGoodwill2022-03-012023-02-2813187903core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2813187903dpl:GroupUndertakings2022-03-012023-02-2813187903dpl:ParticipatingInterests2022-03-012023-02-2813187903dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2813187903core:ListedExchangeTraded2022-03-012023-02-2813187903dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2813187903core:UnlistedNon-exchangeTraded2022-03-012023-02-2813187903core:NetGoodwill2024-02-2913187903core:IntangibleAssetsOtherThanGoodwill2024-02-2913187903core:LandBuildings2024-02-2913187903core:PlantMachinery2024-02-2913187903core:Vehicles2024-02-2913187903core:FurnitureFittings2024-02-2913187903core:OfficeEquipment2024-02-2913187903core:AfterOneYear2024-02-2913187903core:WithinOneYear2024-02-2913187903core:ListedExchangeTraded2024-02-2913187903core:UnlistedNon-exchangeTraded2024-02-2913187903core:ShareCapital2024-02-2913187903core:SharePremium2024-02-2913187903core:RevaluationReserve2024-02-2913187903core:OtherReservesSubtotal2024-02-2913187903core:RetainedEarningsAccumulatedLosses2024-02-2913187903core:NetGoodwill2023-02-2813187903core:IntangibleAssetsOtherThanGoodwill2023-02-2813187903core:LandBuildings2023-02-2813187903core:PlantMachinery2023-02-2813187903core:Vehicles2023-02-2813187903core:FurnitureFittings2023-02-2813187903core:OfficeEquipment2023-02-2813187903core:AfterOneYear2023-02-2813187903core:WithinOneYear2023-02-2813187903core:ListedExc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TEAL & WINE LTD

Registered Number
13187903
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

TEAL & WINE LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

DOE, Jonathan Michael
LU, Ping

Registered Address

15 Ridgehill
Bristol
BS9 4SB

Registered Number

13187903 (England and Wales)
TEAL & WINE LTD
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,748-
1,748-
Current assets
Stocks48,1915,195
Debtors-44
Cash at bank and on hand9,9999,540
18,19014,779
Creditors amounts falling due within one year5(15,772)(14,247)
Net current assets (liabilities)2,418532
Total assets less current liabilities4,166532
Net assets4,166532
Capital and reserves
Called up share capital1100
Profit and loss account4,165432
Shareholders' funds4,166532
The financial statements were approved and authorised for issue by the Board of Directors on 18 November 2024, and are signed on its behalf by:
DOE, Jonathan Michael
Director
Registered Company No. 13187903
TEAL & WINE 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.
Going concern
The company continues to adopt the going concern basis in preparing its financial statements.
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.
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stocks 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 year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
Additions2,2482,248
At 29 February 242,2482,248
Depreciation and impairment
Charge for year500500
At 29 February 24500500
Net book value
At 29 February 241,7481,748
At 28 February 23--
4.Stocks

2024

2023

££
Other stocks8,1915,195
Total8,1915,195
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security9351,057
Other creditors14,83713,190
Total15,77214,247
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.