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London Wines & Beers Limited

Registered Number
14370291
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

London Wines & Beers Limited
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

Dharaben Dharmeshkumar Patel

Registered Address

2 St. Georges Road
London
E7 8HY

Registered Number

14370291 (England and Wales)
London Wines & Beers Limited
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets353,00053,000
Tangible assets42,215-
55,21553,000
Current assets
Stocks540,78535,550
Debtors6,75,2644,913
Cash at bank and on hand2,7811,557
48,83042,020
Creditors amounts falling due within one year8(101,542)(85,511)
Net current assets (liabilities)(52,712)(43,491)
Total assets less current liabilities2,5039,509
Net assets2,5039,509
Capital and reserves
Called up share capital100100
Profit and loss account2,4039,409
Shareholders' funds2,5039,509
The financial statements were approved and authorised for issue by the Director on 21 May 2025, and are signed on its behalf by:
Dharaben Dharmeshkumar Patel
Director
Registered Company No. 14370291
London Wines & Beers Limited
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows :

Reducing balance (%)
Plant and machinery25
Office Equipment25
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 October 2353,00053,000
At 30 September 2453,00053,000
Net book value
At 30 September 2453,00053,000
At 30 September 2353,00053,000
4.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
Additions2,4172,417
At 30 September 242,4172,417
Depreciation and impairment
Charge for year202202
At 30 September 24202202
Net book value
At 30 September 242,2152,215
At 30 September 23--
5.Stocks

2024

2023

££
Finished goods40,78535,550
Total40,78535,550
6.Debtors: amounts due within one year

2024

2023

££
Other debtors4,6714,650
Prepayments and accrued income593263
Total5,2644,913
7.Debtors: amounts due after one year
8.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5472,644
Taxation and social security8,3375,229
Dividends payable50012,000
Other creditors92,15865,638
Total101,54285,511
9.Creditors: amounts due after one year