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REGISTERED NUMBER: 04871627 (England and Wales)















Financial Statements for the Year Ended 31st August 2024

for

B & G LIQUOR LIMITED

B & G LIQUOR LIMITED (Registered number: 04871627)

Contents of the Financial Statements
for the Year Ended 31st August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & G LIQUOR LIMITED

Company Information
for the Year Ended 31st August 2024







DIRECTORS: G S GILL
S KAUR





SECRETARY: S KAUR





REGISTERED OFFICE: 334 LONDONDERRY ROAD
OLDBURY
Birmingham
West Midlands
B68 9NB





REGISTERED NUMBER: 04871627 (England and Wales)





ACCOUNTANT: A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX

B & G LIQUOR LIMITED (Registered number: 04871627)

Balance Sheet
31st August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 40,000 40,000
Property, plant and equipment 5 69,440 76,439
109,440 116,439

CURRENT ASSETS
Inventories 6 118,707 147,881
Debtors 7 8,210 8,786
Cash at bank and in hand 62,563 56,839
189,480 213,506
CREDITORS
Amounts falling due within one year 8 63,285 75,979
NET CURRENT ASSETS 126,195 137,527
TOTAL ASSETS LESS CURRENT LIABILITIES 235,635 253,966

CREDITORS
Amounts falling due after more than one
year

9

21,112

30,556

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 214,521 223,408
SHAREHOLDERS' FUNDS 214,523 223,410
235,635 253,966

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

B & G LIQUOR LIMITED (Registered number: 04871627)

Balance Sheet - continued
31st August 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 Board of Directors and authorised for issue on 25th September 2024 and were signed on its behalf by:





G S GILL - Director


B & G LIQUOR LIMITED (Registered number: 04871627)

Notes to the Financial Statements
for the Year Ended 31st August 2024


1. STATUTORY INFORMATION

B & G LIQUOR 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.

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

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.

Fixtures and fittings 15% pa on reducing balance

Motor vehicles 25% pa on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


B & G LIQUOR LIMITED (Registered number: 04871627)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2023
and 31st August 2024 40,000
NET BOOK VALUE
At 31st August 2024 40,000
At 31st August 2023 40,000

B & G LIQUOR LIMITED (Registered number: 04871627)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st September 2023 139,468 31,684 4,550 175,702
Disposals (43,500 ) - - (43,500 )
At 31st August 2024 95,968 31,684 4,550 132,202
DEPRECIATION
At 1st September 2023 65,389 30,827 3,047 99,263
Charge for year 8,523 214 312 9,049
Eliminated on disposal (45,550 ) - - (45,550 )
At 31st August 2024 28,362 31,041 3,359 62,762
NET BOOK VALUE
At 31st August 2024 67,606 643 1,191 69,440
At 31st August 2023 74,079 857 1,503 76,439

6. INVENTORIES
31.8.24 31.8.23
£    £   
Stocks 118,707 147,881

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 3,891 4,775
Prepayments and accrued income 4,319 4,011
8,210 8,786

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 38,119 46,077
Tax - 2,976
Social security and other taxes 11,899 13,659
Directors' current accounts 11,267 11,267
Accrued expenses 2,000 2,000
63,285 75,979

B & G LIQUOR LIMITED (Registered number: 04871627)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 10) 21,112 30,556

10. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 21,112 30,556

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary Share Capital £1 2 2

12. RESERVES
Retained
earnings
£   

At 1st September 2023 223,408
Deficit for the year (8,887 )
At 31st August 2024 214,521