REGISTERED NUMBER: 06689788 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

G R WINES LIMITED

TRADING AS

TIPSY FOX DRINKS CO.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Gregor James Reid

REGISTERED OFFICE:

Lawrence House

James Nicolson Link

Clifton Moor

York

North Yorkshire

YO30 4WG

REGISTERED NUMBER:

06689788 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

Lawrence House

James Nicolson Link

Clifton Moor

York

North Yorkshire

YO30 4WG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

9,983

7,270

9,983

7,270

CURRENT ASSETS

Stocks

215,785

225,909

Debtors

6

3,175

33,465

Cash at bank and in hand

127,987

129,612

346,947

388,986

CREDITORS

Amounts falling due within one year

7

38,104

75,241

NET CURRENT ASSETS

308,843

313,745

TOTAL ASSETS LESS CURRENT LIABILITIES

318,826

321,015

PROVISIONS FOR LIABILITIES

2,473

1,818

NET ASSETS

316,353

319,197

CAPITAL AND RESERVES

Called up share capital

1

1

Profit and loss account

316,352

319,196

316,353

319,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2026 and were signed by:

Gregor James Reid - Director

1.	STATUTORY INFORMATION

G R Wines Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Income recognition

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Leasing commitments

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the lease period on a straight line basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

12,126

AMORTISATION

At 1 September 2024

and 31 August 2025

12,126

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2024

56,278

Additions

6,040

At 31 August 2025

62,318

DEPRECIATION

At 1 September 2024

49,008

Charge for year

3,327

At 31 August 2025

52,335

NET BOOK VALUE

At 31 August 2025

9,983

At 31 August 2024

7,270

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

349

4,749

Directors' loan accounts

-

25,978

Prepayments and accrued income

2,826

2,738

3,175

33,465

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

7,290

52,378

Tax

7,685

16,074

VAT

13,082

3,430

Other creditors

613

726

Directors' loan accounts

5,384

-

Accruals and deferred income

4,050

2,633

38,104

75,241

8.	PENSION COMMITMENTS

The company operates a defined contribution scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund which amounted to £1,786 (2024: £1,728). Contributions totalling £165 (2024: £191) were payable to the fund at the year ended and are included in creditors.

9.	OTHER FINANCIAL COMMITMENTS

The company had capital and other commitments contracted but not provided for totalling £147,500 (2024: £182,500).

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the company made advances to the Directors totalling £51,443 (2024: £123,664). These were repayable on demand. The company received repayments totalling £70,249 (2024: £37,500).