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REGISTERED NUMBER: 14962932 (England and Wales)


Financial Statements for the Period 26 June 2023 to 30 June 2024

for

Bassaleg Food & Wine Ltd

Bassaleg Food & Wine Ltd (Registered number: 14962932)






Contents of the Financial Statements
for the Period 26 June 2023 to 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bassaleg Food & Wine Ltd

Company Information
for the Period 26 June 2023 to 30 June 2024







DIRECTOR: Mr Daljit Singh Arorra





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 14962932 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Bassaleg Food & Wine Ltd (Registered number: 14962932)

Statement of Financial Position
30 June 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 109,999
Tangible assets 5 31,251
141,250

CURRENT ASSETS
Stocks 7,560
Debtors 6 6,000
Cash at bank and in hand 25,891
39,451
CREDITORS
Amounts falling due within one year 7 155,649
NET CURRENT LIABILITIES (116,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,052

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings 24,952
SHAREHOLDERS' FUNDS 25,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

Bassaleg Food & Wine Ltd (Registered number: 14962932)

Statement of Financial Position - continued
30 June 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 5 March 2025 and were signed by:





Mr Daljit Singh Arorra - Director


Bassaleg Food & Wine Ltd (Registered number: 14962932)

Notes to the Financial Statements
for the Period 26 June 2023 to 30 June 2024

1. STATUTORY INFORMATION

Bassaleg Food & Wine 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 represents net sales of invoiced goods and services excluding Value Added Tax.

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.
Plant and machinery etc - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 109,999
At 30 June 2024 109,999
NET BOOK VALUE
At 30 June 2024 109,999

Bassaleg Food & Wine Ltd (Registered number: 14962932)

Notes to the Financial Statements - continued
for the Period 26 June 2023 to 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 1 33,333 33,334
At 30 June 2024 1 33,333 33,334
DEPRECIATION
Charge for period - 2,083 2,083
At 30 June 2024 - 2,083 2,083
NET BOOK VALUE
At 30 June 2024 1 31,250 31,251

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 6,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 4,379
Taxation and social security 2,951
Other creditors 148,319
155,649

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal
value: £   
100 Share capital 1 1 100

100 Ordinary shares of 1 each were allotted at par during the period.