Acorah Software Products - Accounts Production 16.3.350 false true 31 May 2024 1 June 2023 true 1 June 2024 31 March 2025 31 March 2025 02046703 David Moran Michael Howard Stephen Brogan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02046703 2024-05-31 02046703 2025-03-31 02046703 2024-06-01 2025-03-31 02046703 frs-core:CurrentFinancialInstruments 2025-03-31 02046703 frs-core:Non-currentFinancialInstruments 2025-03-31 02046703 frs-core:BetweenOneFiveYears 2025-03-31 02046703 frs-core:FurnitureFittings 2025-03-31 02046703 frs-core:FurnitureFittings 2024-06-01 2025-03-31 02046703 frs-core:FurnitureFittings 2024-05-31 02046703 frs-core:NetGoodwill 2025-03-31 02046703 frs-core:NetGoodwill 2024-06-01 2025-03-31 02046703 frs-core:NetGoodwill 2024-05-31 02046703 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 02046703 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-01 2025-03-31 02046703 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-31 02046703 frs-core:MotorVehicles 2025-03-31 02046703 frs-core:MotorVehicles 2024-06-01 2025-03-31 02046703 frs-core:MotorVehicles 2024-05-31 02046703 frs-core:WithinOneYear 2025-03-31 02046703 frs-core:ShareCapital 2025-03-31 02046703 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02046703 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-03-31 02046703 frs-bus:FullAccounts 2024-06-01 2025-03-31 02046703 frs-bus:SmallEntities 2024-06-01 2025-03-31 02046703 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-03-31 02046703 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-03-31 02046703 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-03-31 02046703 frs-bus:Director1 2024-06-01 2025-03-31 02046703 frs-bus:Director1 2025-03-31 02046703 frs-bus:Director2 2024-06-01 2025-03-31 02046703 frs-bus:Director2 2025-03-31 02046703 frs-bus:Director3 2024-06-01 2025-03-31 02046703 frs-bus:Director3 2025-03-31 02046703 frs-bus:Director4 2024-06-01 2025-03-31 02046703 frs-bus:Director4 2025-03-31 02046703 frs-bus:Director5 2024-06-01 2025-03-31 02046703 frs-bus:Director5 2025-03-31 02046703 frs-core:CurrentFinancialInstruments 2 2025-03-31 02046703 frs-countries:EnglandWales 2024-06-01 2025-03-31 02046703 2023-05-31 02046703 2024-05-31 02046703 2023-06-01 2024-05-31 02046703 frs-core:CurrentFinancialInstruments 2024-05-31 02046703 frs-core:Non-currentFinancialInstruments 2024-05-31 02046703 frs-core:BetweenOneFiveYears 2024-05-31 02046703 frs-core:WithinOneYear 2024-05-31 02046703 frs-core:ShareCapital 2024-05-31 02046703 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 02046703 frs-core:CurrentFinancialInstruments 2 2024-05-31
Registered number: 02046703
General Wine and Liquor Company Limited
Directors' Report and
Unaudited Financial Statements
For the Period 1 June 2024 to 31 March 2025
Contents
Page
Company Information 1
Directors' Report 2
Profit and Loss Account 3
Balance Sheet 4
Notes to the Financial Statements 5—8
Page 1
Company Information
Directors David Moran
Michael Howard
Stephen Brogan
Company Number 02046703
Registered Office 9 Queen's Square
Ascot Business Park
Ascot
Berkshire
SL5 9FE
Business Unit 3-5 Beaver Ind Estate
Midhurst Road
Liphook
Hampshire
GU30 7EU
Bankers HSBC UK Bank
8 Canada Square
London
E14 5HQ
Solicitors Burges Salmon LLP
Atria One
144 Morrison Street
Edinburgh
EH3 8EX
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the period ended 31 March 2025.
Principal Activity
The company's principal activity continues to be that of wholesale of wine & spirits to the UK hospitality sector.
Review of the Business
The business changed ownership on 30 November 2024, being bought by D21 Investments Ltd, which is a subsidiary of Drinks21 Group Ltd. The new owners consider General Wine a strategic investment and will be continuing the business in the same trade with a view to growth over the next 5 years to be the leading independent wine & spirits wholesaler in the south of England.
Directors
The directors who held office during the period were as follows:
Sara Bangert Resigned 14/07/2025
David Moran Appointed 30/11/2024
Michael Howard Appointed 30/11/2024
Alan Snudden Resigned 29/09/2025
Stephen Brogan Appointed 14/07/2025
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Stephen Brogan
Director
30th December 2025
Page 2
Page 3
Profit and Loss Account
31 March 2025 31 May 2024
Notes £ £
TURNOVER 4,077,139 5,737,035
Cost of sales (3,056,152 ) (4,234,404 )
GROSS PROFIT 1,020,987 1,502,631
Distribution costs (20,143 ) (12,825 )
Administrative expenses (1,095,589 ) (1,373,112 )
OPERATING (LOSS)/PROFIT (94,745 ) 116,694
Profit on disposal of fixed assets 5,090 1,013
Other interest receivable and similar income 500 234
Interest payable and similar charges (42,480 ) (63,405 )
(LOSS)/PROFIT BEFORE TAXATION (131,635 ) 54,536
Tax on (Loss)/profit 29,401 (19,337 )
(LOSS)/PROFIT AFTER TAXATION BEING (LOSS)/PROFIT FOR THE FINANCIAL PERIOD (102,234 ) 35,199
The notes on pages 5 to 8 form part of these financial statements.
Page 3
Page 4
Balance Sheet
31 March 2025 31 May 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 68,566 120,704
68,567 120,705
CURRENT ASSETS
Stocks 6 1,191,121 1,387,250
Debtors 7 487,471 633,351
Cash at bank and in hand 20,938 11,277
1,699,530 2,031,878
Creditors 8 (924,918 ) (1,174,919 )
NET CURRENT ASSETS (LIABILITIES) 774,612 856,959
TOTAL ASSETS LESS CURRENT LIABILITIES 843,179 977,664
Long Term Liabilities 9 (27,295 ) (49,105 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,572 ) (14,013 )
NET ASSETS 812,312 914,546
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 812,212 914,446
SHAREHOLDERS' FUNDS 812,312 914,546
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Stephen Brogan
Director
30th December 2025
The notes on pages 5 to 8 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
General Wine and Liquor Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02046703 . The registered office is 9 Queen's Square, Ascot Business Park, Ascot, Berkshire, SL5 9FE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over period of the lease
Motor Vehicles 25% on cost
Fixtures & Fittings Between 20% & 33% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 5
Page 6
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 22 (2024: 22)
22 22
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2024 15,000
As at 31 March 2025 15,000
Amortisation
As at 1 June 2024 14,999
As at 31 March 2025 14,999
Net Book Value
As at 31 March 2025 1
As at 1 June 2024 1
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2024 52,802 160,039 280,370 493,211
Additions - - 7,807 7,807
Disposals - (74,579 ) - (74,579 )
As at 31 March 2025 52,802 85,460 288,177 426,439
Depreciation
As at 1 June 2024 50,471 92,262 229,774 372,507
...CONTINUED
Page 6
Page 7
Provided during the period 132 20,773 20,630 41,535
Disposals - (56,169 ) - (56,169 )
As at 31 March 2025 50,603 56,866 250,404 357,873
Net Book Value
As at 31 March 2025 2,199 28,594 37,773 68,566
As at 1 June 2024 2,331 67,777 50,596 120,704
6. Stocks
31 March 2025 31 May 2024
£ £
Stock 1,191,121 1,387,250
7. Debtors
31 March 2025 31 May 2024
£ £
Due within one year
Trade debtors 405,031 590,473
Other debtors 82,440 42,878
487,471 633,351
8. Creditors
31 March 2025 31 May 2024
£ £
Net obligations under finance lease and hire purchase contracts 27,458 27,458
Trade creditors 484,412 670,158
Invoice Finance 185,835 257,815
Other creditors 128,553 67,157
Taxation and social security 92,123 122,794
Directors' loan accounts 6,537 29,537
924,918 1,174,919
The Director' loan account balances relate to amounts due to Mr A Snudden
9. Long Term Liabilities
31 March 2025 31 May 2024
£ £
Net obligations under finance lease and hire purchase contracts 27,295 49,105
Page 7
Page 8
10. Obligations Under Finance Leases and Hire Purchase
31 March 2025 31 May 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 27,458 27,458
Later than one year and not later than five years 27,295 49,105
54,753 76,563
54,753 76,563
11. Share Capital
31 March 2025 31 May 2024
£ £
Allotted, Called up and fully paid 100 100
Page 8