Acorah Software Products - Accounts Production 16.1.200 false true 23 April 2023 25 April 2022 false 24 April 2023 21 April 2024 21 April 2024 09006628 Mr M Sager iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09006628 2023-04-23 09006628 2024-04-21 09006628 2023-04-24 2024-04-21 09006628 frs-core:CurrentFinancialInstruments 2024-04-21 09006628 frs-core:Non-currentFinancialInstruments 2024-04-21 09006628 frs-core:BetweenOneFiveYears 2024-04-21 09006628 frs-core:ComputerEquipment 2024-04-21 09006628 frs-core:ComputerEquipment 2023-04-24 2024-04-21 09006628 frs-core:ComputerEquipment 2023-04-23 09006628 frs-core:FurnitureFittings 2024-04-21 09006628 frs-core:FurnitureFittings 2023-04-24 2024-04-21 09006628 frs-core:FurnitureFittings 2023-04-23 09006628 frs-core:MoreThanFiveYears 2024-04-21 09006628 frs-core:PlantMachinery 2024-04-21 09006628 frs-core:PlantMachinery 2023-04-24 2024-04-21 09006628 frs-core:PlantMachinery 2023-04-23 09006628 frs-core:WithinOneYear 2024-04-21 09006628 frs-core:ShareCapital 2024-04-21 09006628 frs-core:RetainedEarningsAccumulatedLosses 2024-04-21 09006628 frs-bus:PrivateLimitedCompanyLtd 2023-04-24 2024-04-21 09006628 frs-bus:FilletedAccounts 2023-04-24 2024-04-21 09006628 frs-bus:SmallEntities 2023-04-24 2024-04-21 09006628 frs-bus:AuditExemptWithAccountantsReport 2023-04-24 2024-04-21 09006628 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-24 2024-04-21 09006628 frs-bus:Director1 2023-04-24 2024-04-21 09006628 frs-core:CurrentFinancialInstruments 1 2024-04-21 09006628 frs-core:CurrentFinancialInstruments 9 2024-04-21 09006628 frs-countries:EnglandWales 2023-04-24 2024-04-21 09006628 2022-04-24 09006628 2023-04-23 09006628 2022-04-25 2023-04-23 09006628 frs-core:CurrentFinancialInstruments 2023-04-23 09006628 frs-core:Non-currentFinancialInstruments 2023-04-23 09006628 frs-core:BetweenOneFiveYears 2023-04-23 09006628 frs-core:MoreThanFiveYears 2023-04-23 09006628 frs-core:WithinOneYear 2023-04-23 09006628 frs-core:ShareCapital 2023-04-23 09006628 frs-core:RetainedEarningsAccumulatedLosses 2023-04-23 09006628 frs-core:CurrentFinancialInstruments 1 2023-04-23 09006628 frs-core:CurrentFinancialInstruments 9 2023-04-23
Registered number: 09006628
Sager and Wine Limited
Unaudited Financial Statements
For The Year Ended 21 April 2024
djca Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Sager and Wine Limited For The Year Ended 21 April 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Sager and Wine Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Sager and Wine Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Sager and Wine Limited and state those matters that we have agreed to state to the director of Sager and Wine Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sager and Wine Limited and its director as a body for our work or for this report.
It is your duty to ensure that Sager and Wine Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Sager and Wine Limited . You consider that Sager and Wine Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sager and Wine Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Robert Fiford FCCA
20/01/2025
djca Limited
ACCA
154-160 Fleet Street
London
EC4A 2DQ
Page 1
Page 2
Balance Sheet
Registered number: 09006628
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,370 29,189
28,370 29,189
CURRENT ASSETS
Stocks 5 722,011 675,603
Debtors 6 185,882 159,766
Cash at bank and in hand 27,759 65,723
935,652 901,092
Creditors: Amounts Falling Due Within One Year 7 (887,031 ) (905,977 )
NET CURRENT ASSETS (LIABILITIES) 48,621 (4,885 )
TOTAL ASSETS LESS CURRENT LIABILITIES 76,991 24,304
Creditors: Amounts Falling Due After More Than One Year 8 (30,392 ) (37,230 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (588 ) -
NET ASSETS/(LIABILITIES) 46,011 (12,926 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 46,009 (12,928 )
SHAREHOLDERS' FUNDS 46,011 (12,926)
Page 2
Page 3
For the year ending 21 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M Sager
Director
19/01/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Sager and Wine Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09006628 . The registered office is 193 Hackney Road, London, E2 8JL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 4
Page 5
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Change of Company Name
The company changed it's name from Sager and Wilde Restaurant Ltd to Sager and Wine Ltd on 31st October 2024.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 24)
23 24
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 24 April 2023 39,439 185,496 6,719 231,654
Additions 3,112 2,450 1,557 7,119
As at 21 April 2024 42,551 187,946 8,276 238,773
Depreciation
As at 24 April 2023 32,137 164,711 5,617 202,465
Provided during the period 2,061 5,437 440 7,938
As at 21 April 2024 34,198 170,148 6,057 210,403
Net Book Value
As at 21 April 2024 8,353 17,798 2,219 28,370
As at 24 April 2023 7,302 20,785 1,102 29,189
5. Stocks
2024 2023
£ £
Stock 722,011 675,603
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 165,257 119,660
Prepayments and accrued income 2,221 16,528
Other debtors 13,388 1,573
Supplier prepayments 4,411 9,659
Deferred tax current asset - 636
Amounts owed by group undertakings 605 11,710
185,882 159,766
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 294,707 276,064
Bank loans and overdrafts 6,374 5,417
Corporation tax 26,663 5,252
Other taxes and social security 18,195 30,281
VAT 85,409 111,074
Other creditors 36,284 18,797
Accruals and deferred income 14,211 17,354
Director's loan account 90,103 111,075
Amounts owed to group undertakings 315,085 330,663
887,031 905,977
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 30,392 37,230
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 62,630 60,000
Later than one year and not later than five years 240,657 240,000
Later than five years 16,438 16,438
319,725 316,438
Page 6