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REGISTERED NUMBER: 05502722 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SHELDONS WINE CELLARS LTD

SHELDONS WINE CELLARS LTD (REGISTERED NUMBER: 05502722)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHELDONS WINE CELLARS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr S Slater
Mr P Taylor





SECRETARY: Mr P Taylor





REGISTERED OFFICE: 6 New Street
SHIPSTON-ON-STOUR
Warwickshire
CV36 4EN





REGISTERED NUMBER: 05502722 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

SHELDONS WINE CELLARS LTD (REGISTERED NUMBER: 05502722)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,244 2,001

CURRENT ASSETS
Stocks 5 927,915 871,640
Debtors 6 34,854 32,689
Cash at bank and in hand 102,662 130,798
1,065,431 1,035,127
CREDITORS
Amounts falling due within one year 7 240,548 249,756
NET CURRENT ASSETS 824,883 785,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

828,127

787,372

CREDITORS
Amounts falling due after more than one
year

8

(520,000

)

(520,000

)

PROVISIONS FOR LIABILITIES 9 (616 ) (437 )
NET ASSETS 307,511 266,935

CAPITAL AND RESERVES
Called up share capital 10 1,400 1,400
Share premium 39,600 39,600
Retained earnings 266,511 225,935
SHAREHOLDERS' FUNDS 307,511 266,935

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

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

SHELDONS WINE CELLARS LTD (REGISTERED NUMBER: 05502722)

BALANCE SHEET - continued
31 DECEMBER 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 23 May 2025 and were signed on its behalf by:





Mr S Slater - Director


SHELDONS WINE CELLARS LTD (REGISTERED NUMBER: 05502722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Sheldons Wine Cellars 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.

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.

The financial statements have been prepared on a going concern basis on the understanding that the company has received an undertaking from its directors, in that they will continue to support the company by not seeking repayment of their loans in preference to other creditors.

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.
Fixtures and fittings - 25% on cost
Computer equipment - Straight line over 3 years

Stocks
Stocks 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 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.

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.

SHELDONS WINE CELLARS LTD (REGISTERED NUMBER: 05502722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 29,079 6,839 35,918
Additions 2,583 415 2,998
At 31 December 2024 31,662 7,254 38,916
DEPRECIATION
At 1 January 2024 27,078 6,839 33,917
Charge for year 1,709 46 1,755
At 31 December 2024 28,787 6,885 35,672
NET BOOK VALUE
At 31 December 2024 2,875 369 3,244
At 31 December 2023 2,001 - 2,001

5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 927,915 871,640

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 29,097 27,356
Prepayments 5,757 5,333
34,854 32,689

SHELDONS WINE CELLARS LTD (REGISTERED NUMBER: 05502722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Payments on account 8,667 8,915
Trade creditors 48,185 53,315
Tax 9,256 21,889
Social security and other taxes 4,260 2,062
VAT 23,145 11,389
Other creditors 3,519 3,346
Directors' current accounts 135,054 134,124
Accruals & deferred income 8,462 14,716
240,548 249,756

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Directors' loan accounts 520,000 520,000

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 616 437

Deferred
tax
£   
Balance at 1 January 2024 437
Provided during year 179
Balance at 31 December 2024 616

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,400 Ordinary £1 1,400 1,400