REGISTERED NUMBER: 07348869 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2025

for

Spiced Wine Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Humphries

Mr P A Humphries

REGISTERED OFFICE:

80 Elms Avenue

Littleover

Derby

Derbyshire

DE23 6FD

REGISTERED NUMBER:

07348869 (England and Wales)

ACCOUNTANTS:

Adrian Mooy & Co Limited

Chartered Certified Accountants

61 Friar Gate

Derby

DE1 1DJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

70,195

81,025

70,195

81,025

CURRENT ASSETS

Stocks

6

153,731

125,331

Debtors

7

12,511

31,308

Cash at bank and in hand

432,173

348,008

598,415

504,647

CREDITORS

Amounts falling due within one year

8

(74,135

)

(68,636

)

NET CURRENT ASSETS

524,280

436,011

TOTAL ASSETS LESS CURRENT LIABILITIES

594,475

517,036

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

594,375

516,936

SHAREHOLDERS' FUNDS

594,475

517,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 13th August 2025 and were signed on its behalf by:

Mr P Humphries - Director

Mr P A Humphries - Director

1.	STATUTORY INFORMATION

Spiced Wine Company 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

Turnover 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 2010, is being amortised evenly over its estimated useful life of five 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.

Wine equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 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.

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.

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 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

10,000

AMORTISATION

At 1st April 2024

and 31st March 2025

10,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Wine

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2024

40,069

154,386

12,220

206,675

Additions

12,569

-

-

12,569

At 31st March 2025

52,638

154,386

12,220

219,244

DEPRECIATION

At 1st April 2024

14,146

102,158

9,346

125,650

Charge for year

9,623

13,057

719

23,399

At 31st March 2025

23,769

115,215

10,065

149,049

NET BOOK VALUE

At 31st March 2025

28,869

39,171

2,155

70,195

At 31st March 2024

25,923

52,228

2,874

81,025

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

153,731

125,331

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

7,488

26,524

Other debtors

5,023

4,784

12,511

31,308

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

421

385

Tax

46,913

38,642

VAT

8,036

10,431

Other creditors

475

469

Directors' current accounts

14,035

14,734

Accrued expenses

4,255

3,975

74,135

68,636