NG Cellar Ltd
Registered number: | 13222431
Balance Sheet
as at 28 February 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Intangible assets | 3 |  |  | 228,563 |  |  | 246,101
Tangible assets | 4 |  |  | 92,996 |  |  | 116,245
|  |  |  | 321,559 |  |  | 362,346
Current assets
Stocks |  |  | 247,145 |  |  | 125,784
Cash at bank and in hand |  |  | 3,338 |  |  | 3,803
|  |  | 250,483 |  |  | 129,587
Creditors: amounts falling due within one year | 5 |  | (24,025) |  |  | (14,265)
Net current assets |  |  |  | 226,458 |  |  | 115,322
Total assets less current liabilities |  |  |  | 548,017 |  |  | 477,668
Creditors: amounts falling due after more than one year | 6 |  |  | (549,579) |  |  | (477,954)
Net liabilities |  |  |  | (1,562) |  |  | (286)
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | (1,662) |  |  | (386)
Shareholders' funds |  |  |  | (1,562) |  |  | (286)
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.
Mr N Arunthavanathan
Director
Approved by the board on 11 November 2025

NG Cellar Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 | Accounting policies
| 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.
| 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.
| 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.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 13 |  | 12
3 | Intangible fixed assets | £
| Goodwill:
| Cost
| At 1 March 2024 | 263,680
| At 28 February 2025 | 263,680
| Amortisation
| Provided during the year | 17,538
| At 28 February 2025 | 35,117
| Net book value
| At 28 February 2025 | 228,563
| At 29 February 2024 | 246,101
| Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 | Tangible fixed assets
|  | Land and buildings |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £ | £
| Cost
| Additions | - |  | - |  | - |  | -
| At 28 February 2025 | 60,170 |  | 30,795 |  | 41,075 |  | 132,040
| Depreciation
| Charge for the year | 11,031 |  | 5,646 |  | 6,572 |  | 23,249
| At 28 February 2025 | 16,045 |  | 8,212 |  | 14,787 |  | 39,044
| Net book value
| At 28 February 2025 | 44,125 |  | 22,583 |  | 26,288 |  | 92,996
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 16,852 |  | 13,952
| Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 1,325 |  | (2,002)
| Taxation and social security costs | 5,848 |  | 2,315
|  |  |  |  |  | 24,025 |  | 14,265
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 45,726 |  | 35,833
| Obligations under finance lease and hire purchase contracts | 58,610 |  | 76,940
| Trade creditors | 13,857 |  | 8,574
| Other creditors | 431,386 |  | 356,607
|  |  |  |  |  | 549,579 |  | 477,954
7 | Other information
| NG Cellar Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| 188 Ridgway Road
| Sheffield
| S12 2TA

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