Promotion Wine Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04714032

Promotion Wine Limited

Filleted Unaudited Financial Statements

30 June 2026

Promotion Wine Limited

Statement of Financial Position

30 June 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		11,749	570

Current assets

Stocks		74,879	90,657
Debtors	6	44,338	62,118
Investments	7	100	100
Cash at bank and in hand		17,201	36,786
		---------	---------
		136,518	189,661

Creditors: amounts falling due within one year	8	100,853		117,945
		---------		---------
Net current assets			35,665	71,716
			--------	--------
Total assets less current liabilities			47,414	72,286

Creditors: amounts falling due after more than one year	9		–	7,869

Provisions

Taxation including deferred tax	–	143
	--------	--------
Net assets	47,414	64,274
	--------	--------

Capital and reserves

Called up share capital	10	1	1
Capital redemption reserve		1	1
Profit and loss account		47,412	64,272
		--------	--------
Shareholders funds		47,414	64,274
		--------	--------

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 30 June 2026 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 .

Promotion Wine Limited

Statement of Financial Position (continued)

30 June 2026

These financial statements were approved by the board of directors and authorised for issue on 8 September 2026 , and are signed on behalf of the board by:

Mr R T Newton-Ferguson
Director

Company registration number: 04714032

Promotion Wine Limited

Notes to the Financial Statements

Year ended 30 June 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

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.

Government grants

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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:

Fixtures and Fittings	-	20% straight line
Motor Vehicles	-	20% straight line
Equipment	-	20 % straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2025: 4 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 July 2025	11,014	41,839	6,881	59,734
Additions	–	11,990	–	11,990
Disposals	–	( 17,381)	–	( 17,381)
	--------	--------	-------	--------
At 30 June 2026	11,014	36,448	6,881	54,343
	--------	--------	-------	--------
Depreciation
At 1 July 2025	11,014	41,839	6,311	59,164
Charge for the year	–	300	511	811
Disposals	–	( 17,381)	–	( 17,381)
	--------	--------	-------	--------
At 30 June 2026	11,014	24,758	6,822	42,594
	--------	--------	-------	--------
Carrying amount
At 30 June 2026	–	11,690	59	11,749
	--------	--------	-------	--------
At 30 June 2025	–	–	570	570
	--------	--------	-------	--------

6. Debtors

	2026	2025
	£	£
Trade debtors	43,811	62,118
Corporation tax repayable	527	–
	--------	--------
	44,338	62,118
	--------	--------

7. Investments

	2026	2025
	£	£
Investments in group undertakings	100	100
	----	----

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	7,886	10,315
Trade creditors	56,624	58,987
Accruals and deferred income	3,833	3,833
Corporation tax	–	527
Social security and other taxes	1,274	6,279
Director loan accounts	28,384	33,357
Other creditors	2,852	4,647
	---------	---------
	100,853	117,945
	---------	---------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	7,869
	----	-------

10. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
A Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	1,280	1,280
Later than 1 year and not later than 5 years	320	1,600
	-------	-------
	1,600	2,880
	-------	-------

12. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2026	2025	2026	2025
	£	£	£	£
Directors loan account	(307)	(462)	( 28,384)	( 33,357)
	----	----	--------	--------

There are no fixed repayment terms with the directors loan accounts.