Sohal Food & Wine Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11118859 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Sohal Food & Wine Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Davinder Singh Sohal

Mrs Jaswinder Sohal

REGISTERED OFFICE:

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

REGISTERED NUMBER:

11118859 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Intangible assets

4

100,000

Property, plant and equipment

5

37,295

49,728

137,295

149,728

CURRENT ASSETS

Inventories

34,125

34,038

Debtors

6

3,928

3,964

Cash at bank and in hand

288,428

219,884

326,481

257,886

CREDITORS

Amounts falling due within one year

7

406,722

292,518

NET CURRENT LIABILITIES

(80,241

)

(34,632

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,054

115,096

CREDITORS

Amounts falling due after more than one
year

8

2,952

57,614

NET ASSETS

54,102

57,482

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

54,100

57,480

SHAREHOLDERS' FUNDS

54,102

57,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 26 September 2025 and were signed on its behalf by:

Mr Davinder Singh Sohal - Director

1.	STATUTORY INFORMATION

Sohal Food & Wine 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.

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

Revenue 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 0, is being amortised evenly over its estimated useful life of nil 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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

100,000

NET BOOK VALUE

At 31 December 2024

100,000

At 31 December 2023

100,000

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

80,125

DEPRECIATION

At 1 January 2024

30,397

Charge for year

12,433

At 31 December 2024

42,830

NET BOOK VALUE

At 31 December 2024

37,295

At 31 December 2023

49,728

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

3,928

3,964

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

81,994

70,605

Taxation and social security

18,029

19,210

Other creditors

306,699

202,703

406,722

292,518

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.24

31.12.23

£

Bank loans

2,952

57,614

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

2

Ordinary Shares

1

2

10.	RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £12,000 (2023: £12,000) in respect of use of business property owned by the directors.