REGISTERED NUMBER: 04003226 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Sorrells Wine Racks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Lewis

Mrs L D Christoforou

Mr A J Lewis

Ms L Y Lewis

Mr C J Christoforou

SECRETARY:

Mr T Lewis

REGISTERED OFFICE:

Broom House

39/43 London Road

Hadleigh

Benfleet

Essex

SS7 2QL

REGISTERED NUMBER:

04003226 (England and Wales)

ACCOUNTANTS:

BPSL

Brooms Professional Services Limited

Chartered Certified Accountants

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

FIXED ASSETS

Tangible assets

4

329,280

391,201

Investments

5

175,112

157,385

504,392

548,586

CURRENT ASSETS

Stocks

192,000

187,118

Debtors

6

918,015

911,567

Cash at bank

32,152

27,356

1,142,167

1,126,041

CREDITORS

Amounts falling due within one year

7

1,130,920

744,695

NET CURRENT ASSETS

11,247

381,346

TOTAL ASSETS LESS CURRENT LIABILITIES

515,639

929,932

CREDITORS

Amounts falling due after more than one year

8

157,281

286,854

NET ASSETS

358,358

643,078

CAPITAL AND RESERVES

Called up share capital

795

795

Retained earnings

357,563

642,283

358,358

643,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 23 September 2025 and were signed on its behalf by:

Mr T Lewis - Director

1.	STATUTORY INFORMATION

Sorrells Wine Racks 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 50 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 July 2024

9,227

591,069

33,006

Additions

-

19,200

-

Disposals

-

-

-

At 30 June 2025

9,227

610,269

33,006

DEPRECIATION

At 1 July 2024

-

352,693

30,876

Charge for year

-

51,515

426

Eliminated on disposal

-

-

-

At 30 June 2025

-

404,208

31,302

NET BOOK VALUE

At 30 June 2025

9,227

206,061

1,704

At 30 June 2024

9,227

238,376

2,130

Motor

vehicles

Equipment

Totals

£

£

£

COST

At 1 July 2024

236,702

47,796

917,800

Additions

-

1,615

20,815

Disposals

(12,008

)

-

(12,008

)

At 30 June 2025

224,694

49,411

926,607

DEPRECIATION

At 1 July 2024

106,458

36,572

526,599

Charge for year

25,799

2,325

80,065

Eliminated on disposal

(9,337

)

-

(9,337

)

At 30 June 2025

122,920

38,897

597,327

NET BOOK VALUE

At 30 June 2025

101,774

10,514

329,280

At 30 June 2024

130,244

11,224

391,201

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2024

157,385

Additions

17,727

At 30 June 2025

175,112

NET BOOK VALUE

At 30 June 2025

175,112

At 30 June 2024

157,385

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

422,072

570,826

Other Debtors

49,219

72,581

R&D Provision

111,712

59,762

Prepayments

335,012

208,398

918,015

911,567

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

2,987

19,144

Funding Loans

216,454

118,932

Hire purchase contracts

89,123

113,477

Trade creditors

304,562

339,786

Social security and other taxes

271,388

36,307

VAT

124,620

93,487

Other creditors

55,161

4,862

Credit cards

10,568

8,119

Directors' current accounts

53,757

-

Accrued expenses

2,300

10,581

1,130,920

744,695

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Funding Loan

156,446

228,798

Hire purchase contracts

835

58,056

157,281

286,854