Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31true2024-04-01falseWholesale of wine, beer, spirits and other alcoholic beverages54trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04390918 2024-04-01 2025-03-31 04390918 2023-04-01 2024-03-31 04390918 2025-03-31 04390918 2024-03-31 04390918 c:Director1 2024-04-01 2025-03-31 04390918 d:PlantMachinery 2024-04-01 2025-03-31 04390918 d:PlantMachinery 2025-03-31 04390918 d:PlantMachinery 2024-03-31 04390918 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04390918 d:MotorVehicles 2024-04-01 2025-03-31 04390918 d:MotorVehicles 2025-03-31 04390918 d:MotorVehicles 2024-03-31 04390918 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04390918 d:FurnitureFittings 2024-04-01 2025-03-31 04390918 d:FurnitureFittings 2025-03-31 04390918 d:FurnitureFittings 2024-03-31 04390918 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04390918 d:OfficeEquipment 2024-04-01 2025-03-31 04390918 d:OfficeEquipment 2025-03-31 04390918 d:OfficeEquipment 2024-03-31 04390918 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04390918 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 04390918 d:CurrentFinancialInstruments 2025-03-31 04390918 d:CurrentFinancialInstruments 2024-03-31 04390918 d:Non-currentFinancialInstruments 2025-03-31 04390918 d:Non-currentFinancialInstruments 2024-03-31 04390918 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 04390918 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04390918 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 04390918 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04390918 d:ShareCapital 2025-03-31 04390918 d:ShareCapital 2024-03-31 04390918 d:RetainedEarningsAccumulatedLosses 2025-03-31 04390918 d:RetainedEarningsAccumulatedLosses 2024-03-31 04390918 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 04390918 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04390918 d:RetirementBenefitObligationsDeferredTax 2025-03-31 04390918 d:RetirementBenefitObligationsDeferredTax 2024-03-31 04390918 c:OrdinaryShareClass1 2024-04-01 2025-03-31 04390918 c:OrdinaryShareClass1 2025-03-31 04390918 c:OrdinaryShareClass1 2024-03-31 04390918 c:FRS102 2024-04-01 2025-03-31 04390918 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04390918 c:FullAccounts 2024-04-01 2025-03-31 04390918 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04390918 2 2024-04-01 2025-03-31 04390918 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2025-03-31 04390918 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-03-31 04390918 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-03-31 04390918 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 04390918 d:LeasedAssetsHeldAsLessee 2025-03-31 04390918 d:LeasedAssetsHeldAsLessee 2024-03-31 04390918 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04390918









T J WINES LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
T J WINES LTD
REGISTERED NUMBER: 04390918

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
37,221
26,964

  
37,221
26,964

CURRENT ASSETS
  

Stocks
  
185,668
186,551

Debtors: amounts falling due within one year
 5 
102,475
73,591

Cash at bank and in hand
  
206,341
233,804

  
494,484
493,946

Creditors: amounts falling due within one year
 6 
(234,395)
(264,407)

NET CURRENT ASSETS
  
 
 
260,089
 
 
229,539

TOTAL ASSETS LESS CURRENT LIABILITIES
  
297,310
256,503

Creditors: amounts falling due after more than one year
 7 
(46,740)
(41,543)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(4,733)
(3,618)

  
 
 
(4,733)
 
 
(3,618)

NET ASSETS
  
245,837
211,342


CAPITAL AND RESERVES
  

Called up share capital 
 9 
1
1

Profit and loss account
  
245,836
211,341

  
245,837
211,342

Page 1

 
T J WINES LTD
REGISTERED NUMBER: 04390918
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T J Wadsworth
Director

Date: 14 August 2025

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
T J WINES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


GENERAL INFORMATION

The Company is a private company limited by shares and is incorporated in England and Wales. The registered office is 8 Suffolk Close, St Ives, Huntingdon, Cambridgeshire, PE27 3DS.
 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
T J WINES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

TURNOVER

Turnover comprises the fair value of the consideration recieved or receivable for the sale of goods and provision of services in the ordinary course of the Company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

OPERATING LEASES: THE COMPANY AS LESSEE

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

 
2.5

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
T J WINES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.8

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
reducing balance
Office equipment
-
33%
and 20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
T J WINES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

STOCKS

Stocks comprise drink stocks held for resale and are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

DIVIDENDS

Equity dividends are recognised when they become legally payable.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 5 (2024 - 4).

Page 6

 
T J WINES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



COST OR VALUATION


At 1 April 2024
22,750
39,000
6,097
9,693
77,540


Additions
-
21,245
-
431
21,676


Disposals
-
(18,500)
-
-
(18,500)



At 31 March 2025

22,750
41,745
6,097
10,124
80,716



DEPRECIATION


At 1 April 2024
9,820
28,137
4,406
8,213
50,576


Charge for the year on owned assets
2,586
4,937
338
517
8,378


Disposals
-
(15,459)
-
-
(15,459)



At 31 March 2025

12,406
17,615
4,744
8,730
43,495



NET BOOK VALUE



At 31 March 2025
10,344
24,130
1,353
1,394
37,221



At 31 March 2024
12,930
10,863
1,691
1,480
26,964

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2025
2024
£
£



Plant and machinery
9,120
11,400

Motor vehicles
24,130
10,863

33,250
22,263

Page 7

 
T J WINES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


DEBTORS

2025
2024
£
£


Trade debtors
96,363
67,703

Prepayments and accrued income
6,112
5,888

102,475
73,591



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025
2024
£
£

Bank loans
5,250
5,120

Trade creditors
91,527
90,533

Corporation tax
2,941
14,548

Other taxation and social security
27,979
35,754

Obligations under finance lease and hire purchase contracts
11,535
7,671

Other creditors
93,178
108,891

Accruals and deferred income
1,985
1,890

234,395
264,407


Bank loans represent a Government backed 'Bounce Back Loan'. The loan is 100% guaranteed by the government and there were no fees or interest payable in the first 12 months. Following this, interest was charged at a fixed rate of 2.5% per annum. The loan is repayable by instalments until the end date in 2030.
Included within other creditors are amounts due to the defined contribution pension scheme of £1,330 (2024 - £NIL).
Obligations under finance lease and hire purchase contracts are secured on the assets concerned.

Page 8

 
T J WINES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025
2024
£
£

Bank loans
24,180
29,430

Net obligations under finance leases and hire purchase contracts
22,560
12,113

46,740
41,543


Bank loans represent a Government backed 'Bounce Back Loan'. The loan is 100% guaranteed by the government and there were no fees or interest payable in the first 12 months. Following this, interest was charged at a fixed rate of 2.5% per annum. The loan is repayable by instalments until the end date in 2030.
Obligations under finance lease and hire purchase contracts are secured on the assets concerned.


8.


DEFERRED TAXATION




2025


£






At beginning of year
(3,618)


Charged to profit or loss
(1,115)



AT END OF YEAR
(4,733)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(4,841)
(3,618)

Short term timing differences
108
-

(4,733)
(3,618)


9.


SHARE CAPITAL

2025
2024
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 (2024 - 1) Ordinary share of £1.00
1
1


 
Page 9