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REGISTERED NUMBER: 04386827 (England and Wales)









STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

WINEFLOW FREIGHT FORWARDING LTD

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025










Page

Company Information 1

Strategic Report 2 to 3

Report of the Directors 4 to 5

Report of the Independent Auditors 6 to 9

Statement of Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15 to 23


WINEFLOW FREIGHT FORWARDING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2025







DIRECTORS: M J Treleaven
I R Liddell





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





BUSINESS ADDRESS: Bolney Place
Cowfold Road
Bolney
West Sussex
RH17 5QT





REGISTERED NUMBER: 04386827 (England and Wales)





AUDITORS: Hartley Fowler LLP
Statutory Auditors
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025


The directors present their strategic report for Wineflow Freight Forwarding Limited (''the company'') for the year ended 30 April 2025.

REVIEW OF BUSINESS
The company provides global beverage transportation services specialising in the delivery and customs clearance of wines, spirits, and beers. Our supply chain management services include european and worldwide logistics, customs clearance, deep-sea consignments, and cargo consolidation.

Over the last three years, the company has seen consistent growth. This has been attributed to several factors:
- Expansion of the current business and acquiring new business through existing contacts;
- A concerted effort to advance our IT systems to support our internal technology and our customers which creates greater collaboration and better working relationships.

Turnover has increased to £30.5m in the year to 30 April 2025, compared to £26.1m in the year to 30 April 2024.
Due to this growth the staff quota over the past 12 months has increased from 38 to 43 staff.

The company recognises that to continue to grow we need to plan now. This will mean being able to adjust to the changing demands and commit to future investment. We need to make ourselves and the services we offer a greater attraction to our customers, in order to continue prospering in a competitive industry.

We remain aware that cost of living increases in sectors like food, energy and fuel can impact the business, as well as tax increases on alcohol. However, the company has many positives to build on such as environmental issues, sustainability, and carbon footprint monitoring.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors continually monitor and review the principal risks and uncertainties which the company may face.
The company's principal financial risk is foreign currency exposure resulting from trading with foreign companies. Bank accounts are maintained in several foreign currencies and the company also utilises forward cover contracts to mitigate foreign currency risk.

The company uses credit verification procedures to assess the credit worthiness of clients and continues to monitor credit limits and payment patterns to manage credit risk.

The company has exposure to commercial risks. These include above inflationary cost increases in several areas including utility bills, wages, fuel, and increased volatility in foreign exchange rates. These are managed on an ongoing basis.

FINANCIAL KEY PERFORMANCE INDICATORS
The company's key performance indicators are turnover, turnover growth, cash generated from operations and profit before tax. A summary of these key performance indicators is as follows:


2025 2024 Movement
£m £m %
Turnover 30.5 26.1 16.9
Gross profit 6.8 6.6 3.0
Profit before tax 4.7 4.7 -
Cash generated from operations 4.7 4.4 6.8

OTHER KEY PERFORMANCE INDICATORS
The company's other key performance indicators include customer satisfaction, client retention, and growth reviews together with the development of new business and ensuring existing customer service levels are maintained.


WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025

FUTURE DEVELOPMENTS
The strategic direction for 2025 and beyond will be the structural enhancement of the company, taking a bigger market share of alcohol shipping.

Taking into consideration cost, environmentally friendly movements, and smoother supply chains.
We continue to invest in our internal IT development and linking to our clients directly. This will also automatically enhance growth.

BY ORDER OF THE BOARD:





M J Treleaven - Director


7 August 2025

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2025


The directors present their report with the financial statements of the company for the year ended 30 April 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of shipping and forwarding agents.

DIVIDENDS
The total distribution of dividends for the year ended 30 April 2025 was £2,320,000. No additional dividends are recommended to be declared in respect of the year ended 30 April 2025.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2024 to the date of this report.

M J Treleaven
I R Liddell

FINANCIAL INSTRUMENTS
The company has a normal level of exposure to price, credit, liquidity and cash flow risks arising from trading activities.

Price risk
The company carefully monitors costs incurred from suppliers and constantly reviews the pricing of its products to ensure that margins remain favourable.

Credit risk
The risk of financial loss due to third parties failing to honour their obligations arises where the company provides services to customers. The company has implemented policies to minimise such losses and require that terms are only granted to customers who meet the internal requirements for having suitable payment history and adequate creditworthiness.

Liquidity risk
The company manages daily the cost requirements and is not reliant on external borrowing.

Cash flow risk
The company maintains strong cash reserves to meet all of its costs.

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2025


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Hartley Fowler LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

BY ORDER OF THE BOARD:





M J Treleaven - Director


7 August 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WINEFLOW FREIGHT FORWARDING LTD


Opinion
We have audited the financial statements of Wineflow Freight Forwarding Ltd (the 'company') for the year ended 30 April 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WINEFLOW FREIGHT FORWARDING LTD


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WINEFLOW FREIGHT FORWARDING LTD


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks.

Audit approach to identifying and assessing potential risks related to irregularities
Our procedures for identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, included the following:

- Enquiring of management, including obtaining and reviewing supporting documentation, concerning the company's policies and procedures relating to:


- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances
of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or
alleged fraud; and
- the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.

- Discussing among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

- Obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company.

The key laws and regulations we considered to have a direct effect on the financial statements included the Financial Reporting Standard FRS 102 "The Financial Reporting applicable in the UK and Republic of Ireland" and the Companies Act 2006, distributable profits legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Audit approach in response to identified risks
Our procedures to respond to risks identified included the following:

- Inquiring of management and, where appropriate, those charged with governance, as to whether the entity is in compliance with such laws and regulations.

- Inspecting correspondence, if any, with the relevant licensing or regulatory authorities.

- Reviewing the financial statement disclosures and test to supporting documentation to assess compliance with reporting requirements.

- Reviewing meeting minutes where available for any indication of non-compliance.

- In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

- Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.

Through these procedures, we have not become aware of any actual or suspected non-compliance.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WINEFLOW FREIGHT FORWARDING LTD

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements. This is particularly true for those laws and regulations far removed from transactions reflected in the financial statements. As with any audit, there remained a higher risk of non-detection of irregularities that result from fraud, due to an implied intent behind this, than from those that result from error. As stated in the audit standards, we are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

As part of an audit, in accordance with the ISAs (UK), we have exercised professional judgment and maintained professional skepticism throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Guy Rolliston (Senior Statutory Auditor)
for and on behalf of Hartley Fowler LLP
Statutory Auditors
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

7 August 2025

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2025

2025 2024
Notes £    £   

TURNOVER 3 30,510,918 26,091,091

Cost of sales 23,664,289 19,459,191
GROSS PROFIT 6,846,629 6,631,900

Administrative expenses 2,179,184 2,008,416
4,667,445 4,623,484

Other operating income 37,969 34,101
OPERATING PROFIT 5 4,705,414 4,657,585

Interest receivable and similar income 29,773 1,709
4,735,187 4,659,294

Interest payable and similar expenses 6 11,043 2,201
PROFIT BEFORE TAXATION 4,724,144 4,657,093

Tax on profit 7 1,213,758 1,170,187
PROFIT FOR THE FINANCIAL YEAR 3,510,386 3,486,906

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

3,510,386

3,486,906

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

BALANCE SHEET
30 APRIL 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 192,355 43,705

CURRENT ASSETS
Debtors 10 4,520,286 3,732,547
Cash at bank 7,374,165 6,297,465
11,894,451 10,030,012
CREDITORS
Amounts falling due within one year 11 5,124,237 4,362,806
NET CURRENT ASSETS 6,770,214 5,667,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,962,569

5,710,911

CREDITORS
Amounts falling due after more than one
year

12

(52,267

)

-

PROVISIONS FOR LIABILITIES 15 (18,730 ) (9,725 )
NET ASSETS 6,891,572 5,701,186

CAPITAL AND RESERVES
Called up share capital 16 80 80
Capital redemption reserve 17 20 20
Retained earnings 17 6,891,472 5,701,086
SHAREHOLDERS' FUNDS 6,891,572 5,701,186

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:





M J Treleaven - Director


WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 May 2023 80 4,214,180 20 4,214,280

Changes in equity
Total comprehensive income - 3,486,906 - 3,486,906
Dividends - (2,000,000 ) - (2,000,000 )
Balance at 30 April 2024 80 5,701,086 20 5,701,186

Changes in equity
Total comprehensive income - 3,510,386 - 3,510,386
Dividends - (2,320,000 ) - (2,320,000 )
Balance at 30 April 2025 80 6,891,472 20 6,891,572

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2025

2025 2024
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 4,708,115 4,373,898
Interest paid (3,267 ) (2,201 )
Interest element of finance lease payments
paid

(7,776

)

-
Tax paid (1,214,536 ) (976,530 )
Net cash from operating activities 3,482,536 3,395,167

Cash flows from investing activities
Purchase of tangible fixed assets (199,268 ) (36,106 )
Interest received 29,773 1,709
Net cash from investing activities (169,495 ) (34,397 )

Cash flows from financing activities
Capital repayments in year 76,770 -
Amount introduced by directors 71,440 (1,889 )
Amount withdrawn by directors (64,551 ) (4,173 )
Equity dividends paid (2,320,000 ) (2,000,000 )
Net cash from financing activities (2,236,341 ) (2,006,062 )

Increase in cash and cash equivalents 1,076,700 1,354,708
Cash and cash equivalents at beginning
of year

2

6,297,465

4,942,757

Cash and cash equivalents at end of
year

2

7,374,165

6,297,465

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2025


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025 2024
£    £   
Profit before taxation 4,724,144 4,657,093
Depreciation charges 50,618 22,741
Finance costs 11,043 2,201
Finance income (29,773 ) (1,709 )
4,756,032 4,680,326
Increase in trade and other debtors (789,628 ) (551,613 )
Increase in trade and other creditors 741,711 245,185
Cash generated from operations 4,708,115 4,373,898

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2025
30/4/25 1/5/24
£    £   
Cash and cash equivalents 7,374,165 6,297,465
Year ended 30 April 2024
30/4/24 1/5/23
£    £   
Cash and cash equivalents 6,297,465 4,942,757


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/5/24 Cash flow At 30/4/25
£    £    £   
Net cash
Cash at bank 6,297,465 1,076,700 7,374,165
6,297,465 1,076,700 7,374,165
Debt
Finance leases - (76,770 ) (76,770 )
- (76,770 ) (76,770 )
Total 6,297,465 999,930 7,297,395

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025


1. STATUTORY INFORMATION

Wineflow Freight Forwarding 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
Wineflow Freight Forwarding Ltd is a private company, limited by shares, incorporated and 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 (£).

Significant judgements and estimates
In the application of the company's accounting policies, which are described below, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both the current and future periods.

The areas for which estimation has been applied are considered to be in calculating depreciation and the useful economic lives of assets, bad debt provision, deferred income, deferred tax and accrued and prepaid expenditure. Although these areas are subject to judgement, they are not considered to be subject to significant estimation.

Turnover
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated customer refunds, rebates and other similar allowances.

Revenue from services is recognised when the shipping contract has been completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - over the lease term
Furniture and computer equipment - 33% on cost and 25% on reducing balance

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying
amount and the present value of the estimated cash flows discounted at the asset’s original effective interest
rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and bank loans are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

(iii) Derivatives

Derivatives are non-basic financial instruments.

Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss within the line item the derivative relates to. Currently the company has forward exchange contracts to cover the fluctuation in the exchange rates related to the purchase of logistic services; hence, the changes in fair value of the derivatives are recorded within cost of sales.

The company does not currently apply hedge accounting.

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


WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


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.

Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Translations in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2025 2024
£    £   
United Kingdom 29,113,973 25,044,613
Europe 1,089,382 757,065
Rest of the world 307,563 289,413
30,510,918 26,091,091

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


4. EMPLOYEES AND DIRECTORS
2025 2024
£    £   
Wages and salaries 1,788,132 1,541,420
Social security costs 194,778 160,062
Other pension costs 50,732 40,100
2,033,642 1,741,582

The average number of employees during the year was as follows:
2025 2024

Sales 2 3
Administration 36 30
Management 5 5
43 38

2025 2024
£    £   
Directors' remuneration 256,776 263,570

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes - 1

Information regarding the highest paid director is as follows:
2025 2024
£    £   
Emoluments etc 256,776 263,570

The company does not contribute to any retirement benefits for the directors.

5. OPERATING PROFIT

The operating profit is stated after charging:

2025 2024
£    £   
Other operating leases 42,414 42,941
Depreciation - owned assets 32,371 22,741
Depreciation - assets on finance leases 18,247 -
Auditors' remuneration 20,900 19,175
Auditors' remuneration for non audit work 9,086 7,591

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
£    £   
Interest payable 3,267 2,201
Leasing 7,776 -
11,043 2,201

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 1,204,753 1,166,036
Adjustments in respect of
prior years taxation - 217
Total current tax 1,204,753 1,166,253

Deferred tax 9,005 3,934
Tax on profit 1,213,758 1,170,187

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025 2024
£    £   
Profit before tax 4,724,144 4,657,093
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2024 - 25%)

1,181,036

1,164,273

Effects of:
Expenses not deductible for tax purposes 4,563 5,886
Capital allowances in excess of depreciation (8,877 ) (189 )
Adjustments to tax charge in respect of previous periods 28,031 217
Deferred tax movement 9,005 -
Total tax charge 1,213,758 1,170,187

8. DIVIDENDS
2025 2024
£    £   
Interim 2,320,000 2,000,000

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


9. TANGIBLE FIXED ASSETS
Furniture
and
Plant and Motor computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2024 - - 144,909 144,909
Additions 20,300 133,213 45,755 199,268
At 30 April 2025 20,300 133,213 190,664 344,177
DEPRECIATION
At 1 May 2024 - - 101,204 101,204
Charge for year 846 18,500 31,272 50,618
At 30 April 2025 846 18,500 132,476 151,822
NET BOOK VALUE
At 30 April 2025 19,454 114,713 58,188 192,355
At 30 April 2024 - - 43,705 43,705

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
Additions 131,389
At 30 April 2025 131,389
DEPRECIATION
Charge for year 18,247
At 30 April 2025 18,247
NET BOOK VALUE
At 30 April 2025 113,142

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 3,896,443 3,253,063
Derivatives - 2,122
Directors' current accounts - 1,889
VAT 99,188 85,455
Accrued income 5,918 -
Prepayments 518,737 390,018
4,520,286 3,732,547

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Finance leases (see note 13) 24,503 -
Trade creditors 3,777,375 3,367,559
Purchase Accruals 153,335 168,879
Tax 564,753 574,536
Social security and other taxes 2,832 2,859
Other creditors & Accruals 369,025 130,368
Insurance claims 10,556 9,811
Derivatives 30,830 8,108
Directors' current accounts 5,000 -
Deferred income 186,028 100,686
5,124,237 4,362,806

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Finance leases (see note 13) 52,267 -

13. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2025 2024
£    £   
Gross obligations repayable:
Within one year 38,500 -
Between one and five years 60,958 -
99,458 -

Finance charges repayable:
Within one year 13,997 -
Between one and five years 8,691 -
22,688 -

Net obligations repayable:
Within one year 24,503 -
Between one and five years 52,267 -
76,770 -

Non-cancellable operating leases
2025 2024
£    £   
Within one year 40,498 41,119
Between one and five years 16,919 54,287
57,417 95,406

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


13. LEASING AGREEMENTS - continued

Lease payments from operating lease agreements recognised as an expense in the profit and loss are £42,414 (2024: £42,941).

14. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Other creditors 3,061 5,373
Derivatives 30,830 5,986
33,891 11,359

The creditors are secured by an all monies debenture over the whole assets of the company.

15. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 19,803 10,926
Other timing differences (1,073 ) (1,201 )
18,730 9,725

Deferred
tax
£   
Balance at 1 May 2024 9,725
Charge to Statement of Comprehensive Income during year 9,005
Balance at 30 April 2025 18,730

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
80 Ordinary £1 80 80

Ordinary share rights
The company's ordinary shares, which carry no right to fixed income, each carry the right to one vote at general meetings of the company.

WINEFLOW FREIGHT FORWARDING LTD (REGISTERED NUMBER: 04386827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


17. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 May 2024 5,701,086 20 5,701,106
Profit for the year 3,510,386 3,510,386
Dividends (2,320,000 ) (2,320,000 )
At 30 April 2025 6,891,472 20 6,891,492

Retained earnings
Cumulative profit and loss net of distributions to owners.

18. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to a director totalling £64,551, of which £71,440 was repaid prior to the year end. At the year end the company owed the director £5,000 (2024: £1,889 owed to the company).

19. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity
2025 2024
£    £   
Sales 54,629 69,300
Purchases 3,215,853 1,400,467
Amount due from related party 46,945 37,606
Amount due to related party 166,267 289,925

During the year, a total of key management personnel compensation of £ 557,271 (2024 - £ 497,535 ) was paid.

20. ULTIMATE CONTROLLING PARTY

The company is jointly owned by Uniserve Holdings Limited and Mr M J Treleaven.

The ultimate controlling party is M J Treleaven.