REGISTERED NUMBER: 03838613 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

The Wine Library Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P J W Prescott

Mr H J Krzymuski

SECRETARY:

L C Prescott

REGISTERED OFFICE:

BCL House

2 Pavilon Business Park

Royds Hall Road

LEEDS

West Yorkshire

LS12 6AJ

REGISTERED NUMBER:

03838613 (England and Wales)

ACCOUNTANTS:

SMH BCL Accountants Ltd

2, Pavilion Business Park

Royds Hall Road

Lower Wortley

Leeds

LS12 6AJ

FIXED ASSETS

Tangible assets

4

2,035

2,556

CURRENT ASSETS

Stocks

19,955

17,847

Debtors

5

1,234

2,180

Cash at bank

48,927

34,474

70,116

54,501

CREDITORS

Amounts falling due within one year

6

112,819

107,563

NET CURRENT LIABILITIES

(42,703

)

(53,062

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(40,668

)

(50,506

)

CREDITORS

Amounts falling due after more than one year

7

15,086

15,008

NET LIABILITIES

(55,754

)

(65,514

)

CAPITAL AND RESERVES

Called up share capital

67

67

Other reserves

33

33

Retained earnings

(55,854

)

(65,614

)

SHAREHOLDERS' FUNDS

(55,754

)

(65,514

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2026 and were signed on its behalf by:

Mr P J W Prescott - Director

1.	STATUTORY INFORMATION

The Wine Library 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

At the balance sheet date, the Company had net liabilities of £55,754 (2024: £65,514).

The directors have confirmed their intention to continue providing financial support to the Company, where required, and not to seek repayment of amounts due to them in a manner that would prejudice the Company's ability to meet its obligations as they fall due.

Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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 Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

and 30 November 2025

45,000

29,003

7,017

1,726

82,746

DEPRECIATION

At 1 December 2024

45,000

26,992

6,567

1,631

80,190

Charge for year

-

402

78

41

521

At 30 November 2025

45,000

27,394

6,645

1,672

80,711

NET BOOK VALUE

At 30 November 2025

-

1,609

372

54

2,035

At 30 November 2024

-

2,011

450

95

2,556

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,234

2,180

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,310

11,401

Trade creditors

57,863

59,539

Taxation and social security

10,615

15,563

Other creditors

40,031

21,060

112,819

107,563

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

15,086

15,008

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

16,600

16,600

Between one and five years

5,533

22,133

22,133

38,733