Laurence Philippe Wines Limited Filleted accounts for Companies House (small and micro)

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
	----	----	-------	-------