REGISTERED NUMBER: 04918141 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Talking Wines Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Thomson

SECRETARY:

F E Thomson

REGISTERED OFFICE:

3 Emmervale Court

Midland Road

Cirencester

Gloucestershire

GL7 1PZ

REGISTERED NUMBER:

04918141 (England and Wales)

ACCOUNTANTS:

PPS Chartered Accountants

29 Devizes Road

Swindon

Wiltshire

SN1 4BG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

22,191

28,950

22,191

28,950

CURRENT ASSETS

Stocks

226,364

278,145

Debtors

6

159,246

149,763

Cash at bank and in hand

7,118

20,871

392,728

448,779

CREDITORS

Amounts falling due within one year

7

214,512

262,204

NET CURRENT ASSETS

178,216

186,575

TOTAL ASSETS LESS CURRENT LIABILITIES

200,407

215,525

CREDITORS

Amounts falling due after more than one year

8

(2,654

)

(13,093

)

PROVISIONS FOR LIABILITIES

(4,216

)

(5,833

)

NET ASSETS

193,537

196,599

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

193,437

196,499

SHAREHOLDERS' FUNDS

193,537

196,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 October 2025 and were signed by:

S Thomson - Director

1.	STATUTORY INFORMATION

Talking Wines 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

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, rebates and value added tax.

Revenue from the sales of goods is recognised when the significant risks and rewards of ownership have passed to the buyer, usually on despatch of the goods.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

4,216

AMORTISATION

At 1 April 2024

and 31 March 2025

4,216

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

48,157

43,875

4,112

96,144

Additions

2,000

-

416

2,416

At 31 March 2025

50,157

43,875

4,528

98,560

DEPRECIATION

At 1 April 2024

46,400

18,784

2,010

67,194

Charge for year

978

7,169

1,028

9,175

At 31 March 2025

47,378

25,953

3,038

76,369

NET BOOK VALUE

At 31 March 2025

2,779

17,922

1,490

22,191

At 31 March 2024

1,757

25,091

2,102

28,950

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

142,040

137,158

Other debtors

17,206

12,605

159,246

149,763

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,440

10,183

Trade creditors

146,074

178,912

Taxation and social security

51,642

61,052

Other creditors

6,356

12,057

214,512

262,204

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,654

13,093

9.

RESERVES

Retained

earnings

£

At 1 April 2024

196,499

Deficit for the year

(1,312

)

Dividends

(1,750

)

At 31 March 2025

193,437

10.	ULTIMATE CONTROLLING PARTY

The controlling party is S Thomson.