Sell My Wine Limited - Filleted accounts

Registered number

10471671

Sell My Wine Limited

Unaudited Filleted Accounts

31 March 2025

Sell My Wine Limited
Registered number:		10471671
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		218			290

Current assets
Stocks		665,248			547,481
Debtors	4	41,108			225,556
Cash at bank and in hand		169,540			124,362
		875,896			897,399

Creditors: amounts falling due within one year	5	(113,147)			(155,973)

Net current assets			762,749			741,426

Total assets less current liabilities			762,967			741,716

Creditors: amounts falling due after more than one year	6		(52,500)			(62,500)



Net assets			710,467			679,216

Capital and reserves
Called up share capital			2			2
Profit and loss account			710,465			679,214

Shareholders' funds			710,467			679,216

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D Haigh
Director
Approved by the board on 18 August 2025

Sell My Wine Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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).

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer equipment	25% reducing balance method

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		3		3


3	Tangible fixed assets
					Computer equipment
£
	Cost
	At 1 April 2024				516
	At 31 March 2025				516

	Depreciation
	At 1 April 2024				226
	Charge for the year				72
	At 31 March 2025				298

	Net book value
	At 31 March 2025				218
	At 31 March 2024				290


4	Debtors		2025		2024
£				£

	Trade debtors		23,928		213,556
	Other debtors		17,180		12,000
			41,108		225,556


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loan		10,000		10,000
	Trade creditors		35,159		94,052
	Taxation and social security costs		28,374		11,380
	Other creditors		39,614		40,541
			113,147		155,973


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loan		2,500		12,500
	Other creditors		50,000		50,000
			52,500		62,500


7	Other information

	Sell My Wine Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1 Stockton Court Greycoat Street
	Westminster
	London
	England
	SW1P 2QE