Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01retail sale of beverages in specialised storesfalse88truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07084191 2023-06-01 2024-05-31 07084191 2022-06-01 2023-05-31 07084191 2024-05-31 07084191 2023-05-31 07084191 2022-06-01 07084191 c:Director1 2023-06-01 2024-05-31 07084191 d:Buildings d:ShortLeaseholdAssets 2023-06-01 2024-05-31 07084191 d:Buildings d:ShortLeaseholdAssets 2024-05-31 07084191 d:Buildings d:ShortLeaseholdAssets 2023-05-31 07084191 d:MotorVehicles 2023-06-01 2024-05-31 07084191 d:MotorVehicles 2024-05-31 07084191 d:MotorVehicles 2023-05-31 07084191 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07084191 d:FurnitureFittings 2023-06-01 2024-05-31 07084191 d:FurnitureFittings 2024-05-31 07084191 d:FurnitureFittings 2023-05-31 07084191 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07084191 d:ComputerEquipment 2023-06-01 2024-05-31 07084191 d:ComputerEquipment 2024-05-31 07084191 d:ComputerEquipment 2023-05-31 07084191 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07084191 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 07084191 d:Goodwill 2023-06-01 2024-05-31 07084191 d:Goodwill 2024-05-31 07084191 d:Goodwill 2023-05-31 07084191 d:ComputerSoftware 2024-05-31 07084191 d:ComputerSoftware 2023-05-31 07084191 d:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 07084191 d:CurrentFinancialInstruments 2024-05-31 07084191 d:CurrentFinancialInstruments 2023-05-31 07084191 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 07084191 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 07084191 d:ShareCapital 2024-05-31 07084191 d:ShareCapital 2023-05-31 07084191 d:RetainedEarningsAccumulatedLosses 2024-05-31 07084191 d:RetainedEarningsAccumulatedLosses 2023-05-31 07084191 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 07084191 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 07084191 d:RetirementBenefitObligationsDeferredTax 2024-05-31 07084191 d:RetirementBenefitObligationsDeferredTax 2023-05-31 07084191 c:FRS102 2023-06-01 2024-05-31 07084191 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07084191 c:FullAccounts 2023-06-01 2024-05-31 07084191 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07084191 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2023-06-01 2024-05-31 07084191 d:InternallyGeneratedIntangibleAssets 2023-06-01 2024-05-31 07084191 d:Goodwill d:OwnedIntangibleAssets 2023-06-01 2024-05-31 07084191 d:ComputerSoftware d:OwnedIntangibleAssets 2023-06-01 2024-05-31 07084191 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 07084191










HATTERSLEY WINES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
HATTERSLEY WINES LIMITED
REGISTERED NUMBER: 07084191

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
19,652
16,250

Tangible assets
 5 
102,569
109,108

  
122,221
125,358

Current assets
  

Stocks
  
180,482
180,018

Debtors: amounts falling due within one year
 6 
138,311
140,421

Cash at bank and in hand
  
133,556
116,378

  
452,349
436,817

Creditors: amounts falling due within one year
 7 
(490,084)
(477,913)

Net current liabilities
  
 
 
(37,735)
 
 
(41,096)

Total assets less current liabilities
  
84,486
84,262

Provisions for liabilities
  

Deferred tax
 8 
(9,167)
(12,000)

Net assets
  
75,319
72,262


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
75,317
72,260

  
75,319
72,262


Page 1

 
HATTERSLEY WINES LIMITED
REGISTERED NUMBER: 07084191
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 February 2025.




J N Hattersley
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
HATTERSLEY WINES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Hattersley Wine Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 07084191). Its registered office is The Wine Warehouse, Milford, Bakewell, Derbyshire, DE45 1DX. The principal activity of the Company throughout the year continued to be that of wine merchants. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentation currency is sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
HATTERSLEY WINES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

 
2.5

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
HATTERSLEY WINES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


 
2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life of 20 years.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website
-
3
years

Page 5

 
HATTERSLEY WINES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Short-term leasehold property
-
Straight line basis over the term of the lease remaining
Motor vehicles
-
25% straight line
Fixtures and fittings
-
15% reducing balance
Computer equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

Page 6

 
HATTERSLEY WINES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans
and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).

Page 7

 
HATTERSLEY WINES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Intangible assets




Computer software
Goodwill
Total

£
£
£



Cost


At 1 June 2023
-
50,000
50,000


Additions
6,250
-
6,250



At 31 May 2024

6,250
50,000
56,250



Amortisation


At 1 June 2023
-
33,750
33,750


Charge for the year on owned assets
348
2,500
2,848



At 31 May 2024

348
36,250
36,598



Net book value



At 31 May 2024
5,902
13,750
19,652



At 31 May 2023
-
16,250
16,250



Page 8

 
HATTERSLEY WINES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
142,285
16,165
20,013
43,128
221,591


Additions
6,888
-
4,846
1,810
13,544



At 31 May 2024

149,173
16,165
24,859
44,938
235,135



Depreciation


At 1 June 2023
66,884
3,031
4,793
37,775
112,483


Charge for the year on owned assets
9,460
4,041
2,573
4,009
20,083



At 31 May 2024

76,344
7,072
7,366
41,784
132,566



Net book value



At 31 May 2024
72,829
9,093
17,493
3,154
102,569



At 31 May 2023
75,401
13,134
15,220
5,353
109,108


6.


Debtors

2024
2023
£
£


Trade debtors
134,630
122,895

Prepayments and accrued income
3,681
17,526

138,311
140,421


Page 9

 
HATTERSLEY WINES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
334,791
312,553

Corporation tax
47,794
30,095

Other taxation and social security
30,774
33,455

Other creditors
72,635
101,810

Accruals and deferred income
4,090
-

490,084
477,913



8.


Deferred taxation




2024
2023


£

£






At beginning of year
12,000
6,700


Charged to the Statement of Income and Retained Earnings
(2,833)
5,300



At end of year
9,167
12,000

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
9,255
12,000

Pension surplus
88
-

9,167
12,000


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,568 (2023: £8,688). Contributions totalling £355 (2023: £295) were payable to the fund at the Balance Sheet date and are included in creditors.

 
Page 10