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# KHOSLA WINES LTD

## Company Registration Number:
07150715 (England and Wales)

## Unaudited abridged accounts for the year ended 30 May 2025

## Period of accounts

## Start date: 31 May 2024

## End date: 30 May 2025

# KHOSLA WINES LTD

## Contents of the Financial Statements

for the Period Ended 30 May 2025

Balance sheet |
Notes |

# KHOSLA WINES LTD

## Balance sheet

As at 30 May 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 970,668 | 997,182
Total fixed assets: |  | 970,668 | 997,182
Current assets
Stocks: |  | 326,040 | 390,926
Debtors: |  | 1,868,661 | 1,847,948
Cash at bank and in hand: |  | 39,523 | 81,019
Total current assets: |  | 2,234,224 | 2,319,893
Creditors: amounts falling due within one year: |  | (1,240,344) | (1,302,717)
Net current assets (liabilities): |  | 993,880 | 1,017,176
Total assets less current liabilities: |  | 1,964,548 | 2,014,358
Creditors: amounts falling due after more than one year: | 4 | (1,223,769) | (1,289,421)
Provision for liabilities: |  | (25,899) | (27,018)
Total net assets (liabilities): |  | 714,880 | 697,919
Capital and reserves
Called up share capital: |  | 10,000 | 10,000
Profit and loss account: |  | 704,880 | 687,919
Shareholders funds: |  | 714,880 | 697,919

The notes form part of these financial statements

# KHOSLA WINES LTD

## Balance sheet statements

For the year ending 30 May 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 February 2026
and signed on behalf of the board by:

Name: Mr R Khosla
Status: Director

The notes form part of these financial statements

# KHOSLA WINES LTD

## Notes to the Financial Statements

for the Period Ended 30 May 2025

## 1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

## Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT.

## Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Land and buildings freehold 2% straight line Fixtures, fittings and equipment 15% reducing balance Computer equipment 33.33% straight line Motor vehicles 20% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

## Valuation and information policy

Stock Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises of finished goods for resale.

## Other accounting policies

Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and the bank loan are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Taxation The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date. Deferred tax Deferred tax liabilities are generally recognised for all timing differences and 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 calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

# KHOSLA WINES LTD

## Notes to the Financial Statements

for the Period Ended 30 May 2025

## 2. Employees

| 2025 | 2024
--- | --- | ---
Average number of employees during the period | 25 | 29

# KHOSLA WINES LTD

## Notes to the Financial Statements

for the Period Ended 30 May 2025

## 3. Tangible Assets

| Total
--- | ---
Cost | £
At 31 May 2024 | 1,327,980
Additions | 40,673
Disposals | (56,165)
At 30 May 2025 | 1,312,488
Depreciation |
At 31 May 2024 | 330,798
Charge for year | 40,447
On disposals | (29,425)
At 30 May 2025 | 341,820
Net book value |
At 30 May 2025 | 970,668
At 30 May 2024 | 997,182

# KHOSLA WINES LTD

## Notes to the Financial Statements

for the Period Ended 30 May 2025

## 4. Creditors: amounts falling due after more than one year note

Creditors: amounts falling due after more than one year 2025 2024 £ £ Creditors which fall due after five years are payable as follows: Payable by instalments 984,426 1,032,208 Loans 2025 2024 £ £ Bank loans 1,155,944 1,203,352 Bank overdraft 25,696 - Other loan 172,441 171,028 1,354,081 1,374,380 Payable within one year 139,993 110,590 Payable after one year 1,214,088 1,263,790 Bank loan amounting to £1,143,708 (2024 - £1,180,018) is secured by way of a charge against the freehold property.

# KHOSLA WINES LTD

## Notes to the Financial Statements

for the Period Ended 30 May 2025

## 5. Financial commitments

Finance lease obligations 2025 2024 Amounts due: £ £ Within one year 15,950 22,506 After more than one year 9,681 25,631 25,631 48,137

# KHOSLA WINES LTD

## Notes to the Financial Statements

for the Period Ended 30 May 2025

## 6. Related party transactions

Name of the related party: |
Relationship: | Directors
Description of the Transaction: | The company owed £172,441 (2024 - £171,029) to the directors at the balance sheet date. The unsecured loan is provided free of any interest charge and without any repayment terms.
£
Balance at 31 May 2024 |  | 171,029
Balance at 30 May 2025 |  | 172,441