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REGISTERED NUMBER: 07249678 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

APPELLATIONS LIMITED

APPELLATIONS LIMITED (REGISTERED NUMBER: 07249678)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


APPELLATIONS LIMITED

Company Information
for the year ended 31 May 2024







Directors: N Hallet
J Harris
A J Delamain





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 07249678 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

APPELLATIONS LIMITED (REGISTERED NUMBER: 07249678)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 10,074 11,513

Current assets
Stocks 5 2,193,878 2,178,737
Debtors 6 204,264 179,658
Cash at bank and in hand 106,229 254,317
2,504,371 2,612,712
Creditors
Amounts falling due within one year 7 274,466 328,599
Net current assets 2,229,905 2,284,113
Total assets less current liabilities 2,239,979 2,295,626

Capital and reserves
Called up share capital 8 87 87
Share premium 8,144 8,144
Retained earnings 2,231,748 2,287,395
Shareholders' funds 2,239,979 2,295,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





N Hallet - Director


APPELLATIONS LIMITED (REGISTERED NUMBER: 07249678)

Notes to the Financial Statements
for the year ended 31 May 2024


1. Statutory information

Appellations Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 20% on reducing balance

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

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


APPELLATIONS LIMITED (REGISTERED NUMBER: 07249678)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Tangible fixed assets
Improvements Fixtures
to and
property fittings Totals
£    £    £   
Cost
At 1 June 2023
and 31 May 2024 14,391 1,500 15,891
Depreciation
At 1 June 2023 2,878 1,500 4,378
Charge for year 1,439 - 1,439
At 31 May 2024 4,317 1,500 5,817
Net book value
At 31 May 2024 10,074 - 10,074
At 31 May 2023 11,513 - 11,513

5. Stocks
2024 2023
£    £   
Finished goods 2,193,878 2,178,737

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 188,142 173,783
Other debtors 5,875 5,875
VAT 10,247 -
204,264 179,658

APPELLATIONS LIMITED (REGISTERED NUMBER: 07249678)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 254,250 268,499
Tax 17,042 54,552
Social security and other taxes 103 103
VAT - 2,374
Directors' current accounts 1,568 1,568
Accruals and deferred income 1,503 1,503
274,466 328,599

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
85 Ordinary A £1 85 85
2 Ordinary C £1 2 2
87 87

9. Related party disclosures

As at 31 May 2024, the company owed £1,568 (2023: £1,568) to the directors of the company. This amount is unsecured interest free and repayable on demand.