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COMPANY REGISTRATION NUMBER: 01552679

Laurence Philippe Wines Limited

Filleted Unaudited Financial Statements

30 April 2025

Laurence Philippe Wines Limited

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 52,008 | 42,320

Current assets

Stocks | 258,768 |  | 250,294
Debtors | 6 | 364,342 |  | 338,237
Cash at bank and in hand | 240,399 |  | 255,714
| --------- |  | ---------
| 863,509 |  | 844,245

Creditors: amounts falling due within one year | 7 | 326,088 |  | 341,608
| --------- |  | ---------
Net current assets |  | 537,421 | 502,637
|  | --------- | ---------
Total assets less current liabilities |  | 589,429 | 544,957

Provisions

Taxation including deferred tax |  | 5,644 | 8,971
|  | --------- | ---------
Net assets |  | 583,785 | 535,986
|  | --------- | ---------

Capital and reserves

Called up share capital | 8 |  | 100 | 100
Profit and loss account |  | 583,685 | 535,886
|  | --------- | ---------
Shareholders funds |  | 583,785 | 535,986
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Laurence Philippe Wines Limited

Statement of Financial Position (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 29 October 2025 , and are signed on behalf of the board by:

A.W.M Lawrence |
Director |

Company registration number: 01552679

Laurence Philippe Wines Limited

Notes to the Financial Statements

Year ended 30th April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Brewery Fields, Great Baddow, Chelmsford, Essex.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold property | - | 33% straight line
| Plant and equipment | - | 15% straight line
| Motor vehicles | - | 20% straight line

Stocks
Stock is stated at the lower of cost and net realisable value. Cost includes all direct costs in bringing the stocks to their present location and condition including, where appropriate, a proportion of manufacturing overheads.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).
5. Tangible assets

| Land and buildings | Plant and machinery | Motor vehicles | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1st May 2024 | 1,756 | 11,816 | 103,782 | 117,354
Additions | – | – | 24,872 | 24,872
| ------- | -------- | --------- | ---------
At 30th April 2025 | 1,756 | 11,816 | 128,654 | 142,226
| ------- | -------- | --------- | ---------
Depreciation |  |  |  |
At 1st May 2024 | 1,756 | 8,164 | 65,114 | 75,034
Charge for the year | – | 619 | 14,565 | 15,184
| ------- | -------- | --------- | ---------
At 30th April 2025 | 1,756 | 8,783 | 79,679 | 90,218
| ------- | -------- | --------- | ---------
Carrying amount |  |  |  |
At 30th April 2025 | – | 3,033 | 48,975 | 52,008
| ------- | -------- | --------- | ---------
At 30th April 2024 | – | 3,652 | 38,668 | 42,320
| ------- | -------- | --------- | ---------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 321,517 | 310,783
Prepayments and accrued income | 41,007 | 26,142
Director's loan account | 156 | 312
Other debtors | 1,662 | 1,000
| --------- | ---------
| 364,342 | 338,237
| --------- | ---------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 62
Trade creditors | 242,739 | 251,445
Accruals and deferred income | 6,237 | 5,975
Corporation tax | 32,941 | 46,141
Other taxes and social security | 43,616 | 37,538
Other creditors | 555 | 447
| --------- | ---------
| 326,088 | 341,608
| --------- | ---------

8. Called up share capital
Authorised share capital

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 10,000 | 10,000 | 10,000 | 10,000
| -------- | -------- | -------- | --------

Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 100 | 100 | 100 | 100
| ---- | ---- | ---- | ----

9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | – | 3,875
| ---- | -------

10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the director | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| A.W.M Lawrence | 312 | 156 | ( 312) | 156
|  | ---- | ---- | ---- | ----

| 2024
|  | Balance brought forward | Advances/ (credits) to the director | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| A.W.M Lawrence | 312 | 312 | ( 312) | 312
|  | ---- | ---- | ---- | ----

11. Related party transactions
During the year the company entered into the following transactions with related parties:

| Transaction value | Balance owed by/(owed to)
| 2025 | 2024 | 2025 | 2024
| £ | £ | £ | £
International Drinks Agency Limited | – | – | 1,162 | 1,000
| ---- | ---- | ------- | -------