Liquor Library Ltd iXBRL

Company Registration Number: 13021072

Liquor Library Ltd

Unaudited Financial Statements

for the financial year ended 30 November 2025

Liquor Library Ltd

DIRECTOR AND OTHER INFORMATION


Director	Nicholas Wilks


Company Registration Number	13021072


Registered Office	Suite G30 Genesis Centre
	Innovation Way
	Stoke On Trent
	Staffordshire
	ST6 4BF
	United Kingdom


Business Address	Unit 1A Airfield Industrial Estate
	Hixon
	Stafford
	Staffordshire
	ST18 0PF
	United Kingdom


Accountants	Shires Accountants
	AAT Licenced Accountant
	Suite G30 Genesis Centre
	Innovation Way
	Stoke On Trent
	Staffordshire
	ST6 4BF
	United Kingdom

Liquor Library Ltd

Company Registration Number: 13021072

BALANCE SHEET

as at 30 November 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

31,287

19,883

─────────

Current Assets

Stocks

210,000

112,632

Debtors

24,094

6,202

Cash at bank and in hand

427,918

152,000

─────────

662,012

270,834

─────────

Creditors: amounts falling due within one year

(569,895)

(249,320)

─────────

Net Current Assets

92,117

21,514

─────────

Total Assets less Current Liabilities

123,404

41,397

Provisions for liabilities

(7,822)

(3,778)

─────────

Net Assets

115,582

37,619

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

115,482

37,519

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Shareholders' Funds

115,582

37,619

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 27 August 2026



________________________________
Nicholas Wilks
Director

Liquor Library Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 November 2025

General Information

Liquor Library Ltd is a company limited by shares incorporated and registered in England. The registered number of the company is 13021072. The registered office of the company is Suite G30 Genesis Centre, Innovation Way, Stoke On Trent, Staffordshire, ST6 4BF, United Kingdom. that of online retail store selling alcoholic and non-alcoholic beverages The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 30 November 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

20% Straight Line

Motor vehicles

20% Reducing Balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Leasing

Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Adoption of FRS 102 Section 1A

This is the first set of financial statements prepared by Liquor Library Ltd prepared in accordance with accounting standards issued by the Financial Reporting Council, including FRS 102, The Financial Reporting Standard applicable in the UK, Section 1A Small Entities.

The company previously prepared its financial statements in accordance with FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The date of transition to FRS 102 was 1st December 2023.

Under FRS 105, deferred taxation was not recognised. On transition to FRS 102, a deferred tax liability of £4,173 was recognised at 1 December 2023, with a corresponding reduction in retained earnings.

At 30 November 2024, the deferred tax liability was £3,778. The reduction in the liability during the comparative period resulted in a deferred tax credit of £395 in the restated comparative profit and loss account.

The transition to FRS 102 had no other material effect on the company’s previously reported financial position or results.

Employees

The average monthly number of employees, including director, during the financial year was 4, (2024 - 2).

2025

2024

Number

Number

Employees

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5.	Tangible assets
		Fixtures,	Motor	Total
		fittings and	vehicles
		equipment
		£	£	£
	Cost
	At 1 December 2024	15,551	15,892	31,443
	Additions	20,526	-	20,526
		─────────	─────────	─────────
	At 30 November 2025	36,077	15,892	51,969
		─────────	─────────	─────────
	Depreciation
	At 1 December 2024	5,204	6,356	11,560
	Charge for the financial year	7,215	1,907	9,122
		─────────	─────────	─────────
	At 30 November 2025	12,419	8,263	20,682
		─────────	─────────	─────────
	Net book value
	At 30 November 2025	23,658	7,629	31,287
		═════════	═════════	═════════
	At 30 November 2024	10,347	9,536	19,883
		═════════	═════════	═════════


6.	Stocks	2025	2024
		£	£

	Finished goods and goods for resale	210,000	112,632
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.


7.	Debtors	2025	2024
		£	£

	Other debtors	24,094	4,036
	Taxation	-	2,166
		─────────	─────────
		24,094	6,202
		═════════	═════════


8.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Trade creditors	374,257	199,896
	Taxation	56,052	7,079
	Other creditors	139,586	42,345
		─────────	─────────
		569,895	249,320
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

3,778

3,778

4,173

Charged to profit and loss

4,044

4,044

(395)

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At financial year end

7,822

3,778

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10.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.

11.

Transition to FRS 102

Reconciliation of equity and profit

Reconciliation of equity at 1 December 2023

Equity previously reported under FRS 105: £63,261

Recognition of deferred tax liability: (£4,173)

Equity reported under FRS 102: £59,088

Reconciliation of equity at 30 November 2024

Equity previously reported under FRS 105: £41,296

Recognition of deferred tax liability: (£3,778)

Equity reported under FRS 102: £37,518

Reconciliation of profit for the year ended 30 November 2024

Profit after taxation previously reported under FRS 105: £2,035

Deferred tax credit arising from the reduction in the deferred tax liability: £395

Profit after taxation reported under FRS 102: £2,430