REGISTERED NUMBER: 14340738 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BOBO WINE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Chris Wawak

REGISTERED OFFICE:

11a Carlingford Road

London

NW3 1RY

REGISTERED NUMBER:

14340738 (England and Wales)

ACCOUNTANTS:

Defries Weiss (Accountants) Limited

C/O Simmons Gainsford

14th Floor

33 Cavendish Square

London

W1G 0PW

FIXED ASSETS

Intangible assets

4

8,636

7,241

Tangible assets

5

1,670

1,050

10,306

8,291

CURRENT ASSETS

Stocks

55,000

19,656

Debtors

6

3,694

3,269

Cash at bank

57,121

21,833

115,815

44,758

CREDITORS

Amounts falling due within one year

7

249,870

107,976

NET CURRENT LIABILITIES

(134,055

)

(63,218

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(123,749

)

(54,927

)

PROVISIONS FOR LIABILITIES

418

263

NET LIABILITIES

(124,167

)

(55,190

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(124,168

)

(55,191

)

(124,167

)

(55,190

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 September 2025 and were signed by:

Chris Wawak - Director

1.	STATUTORY INFORMATION

Bobo 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets

Amortisation is provided at the following annual rates on a straight line basis in order to write off each asset on a straight line basis over its estimated useful life:

Patents & licences

10 years

Website development

5 years

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off plant and machinery over its estimated useful life of 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.

Financial instruments

Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangements constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets and liabilities classified as receivable or payable within one year are not amortised.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2023

9,011

Additions

3,957

At 30 September 2024

12,968

AMORTISATION

At 1 October 2023

1,770

Charge for year

2,562

At 30 September 2024

4,332

NET BOOK VALUE

At 30 September 2024

8,636

At 30 September 2023

7,241

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

1,400

Additions

1,177

At 30 September 2024

2,577

DEPRECIATION

At 1 October 2023

350

Charge for year

557

At 30 September 2024

907

NET BOOK VALUE

At 30 September 2024

1,670

At 30 September 2023

1,050

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

3,500

387

Other debtors

194

2,882

3,694

3,269

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

10,131

-

Taxation and social security

4,606

-

Other creditors

235,133

107,976

249,870

107,976

8.	POST BALANCE SHEET EVENTS

On 15 November 2024, Mr Wawak converted £149,999 of the director's current account balance into 149,999 ordinary £1 shares in the company.

9.	GOING CONCERN

The financial statements have been prepared on a going concern basis which depends on the continuing support of the director Chris Wawak. Mr Wawak intends to continue supporting the company for the foreseeable future and therefore the going concern basis is appropriate.