Chelmer Wines Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08959694

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		107,288		119,163
Tangible Assets	5		12,347		12,112
Investments	6		28,966		-

			148,601		131,275
CURRENT ASSETS
Stocks	7	86,620		91,665
Debtors	8	9,376		5,825
Cash at bank and in hand		53,831		61,599

		149,827		159,089
Creditors: Amounts Falling Due Within One Year	9	(178,108 )		(153,763 )

NET CURRENT ASSETS (LIABILITIES)			(28,281 )		5,326

TOTAL ASSETS LESS CURRENT LIABILITIES			120,320		136,601

NET ASSETS			120,320		136,601

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			120,220		136,501

SHAREHOLDERS' FUNDS			120,320		136,601

Page 1

Page 2

Chelmer Wines Limited

Balance Sheet (continued)

As At 31 March 2025

For the year 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Raspal Singh Bhatia

Director

31/12/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Chelmer Wines Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08959694 . The registered office is 161 Chelmer Crescent, Barking, IG11 0QA.

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.

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.

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:

Motor Vehicles	20% WDV
Fixtures & Fittings	20% WDV
Computer Equipment	20% WDV

2.5. 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.

Page 3

Page 4

Chelmer Wines Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 12)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	237,500

As at 31 March 2025	237,500

Amortisation
As at 1 April 2024	118,337
Provided during the period	11,875

As at 31 March 2025	130,212

Net Book Value
As at 31 March 2025	107,288

As at 1 April 2024	119,163

5. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 April 2024	33,446
Additions	2,890

As at 31 March 2025	36,336

Depreciation
As at 1 April 2024	21,334
Provided during the period	2,655

As at 31 March 2025	23,989

...CONTINUED

Page 4

Page 5

Chelmer Wines Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	12,347

As at 1 April 2024	12,112

6. Investments

	Listed
	£
Cost or Valuation
As at 1 April 2024	-
Additions	28,966

As at 31 March 2025	28,966

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	28,966

As at 1 April 2024	-

7. Stocks

	2025	2024
	£	£
Finished goods	86,620	91,665

8. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	9,376	5,825

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	26,765	16,333
Bank loans and overdrafts	100,836	76,303
Other creditors	29,020	38,976
Taxation and social security	21,487	22,151

	178,108	153,763

Page 5

Page 6

Chelmer Wines Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

Page 6