PRESTIGE FOOD & WINE LIMITED - Filleted accounts

Registered number

05310891

PRESTIGE FOOD & WINE LIMITED

Filleted Accounts

31 March 2026

PRESTIGE FOOD & WINE LIMITED
Registered number:		05310891
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		17,193			17,193
Tangible assets	4		332,088			320,731
			349,281			337,924

Current assets
Stocks		1,277,333			1,047,334
Debtors	5	847,486			1,038,421
Cash at bank and in hand		153,494			79,688
		2,278,313			2,165,443

Creditors: amounts falling due within one year	6	(1,062,999)			(858,005)

Net current assets			1,215,314			1,307,438

Total assets less current liabilities			1,564,595			1,645,362

Creditors: amounts falling due after more than one year	7		(1,099,522)			(1,185,943)

Provisions for liabilities			(16,322)			(16,322)


Net assets			448,751			443,097

Capital and reserves
Called up share capital			110			110
Profit and loss account			448,641			442,987

Shareholders' funds			448,751			443,097

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Massimo Puzone
Director
Approved by the board on 10 October 2026

PRESTIGE FOOD & WINE LIMITED
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:


	Motor Vehicles			20% Reducing balance
	Plant and machinery			20% Reducing balance
	Fixtures, fittings, tools and equipment			20% Reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					35		35


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2025							17,193
	At 31 March 2026							17,193

	Amortisation
	At 31 March 2026							-

	Net book value
	At 31 March 2026							17,193
	At 31 March 2025							17,193

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Fixture & Fittings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	26,324		186,861		351,400		564,585
	Additions	-		80,517		15,790		96,307
	Disposals	-		-		(10,250)		(10,250)
	At 31 March 2026	26,324		267,378		356,940		650,642

	Depreciation
	At 1 April 2025	7,896		102,438		133,520		243,854
	Charge for the year	-		32,968		46,734		79,702
	On disposals	-		-		(5,002)		(5,002)
	At 31 March 2026	7,896		135,406		175,252		318,554

	Net book value
	At 31 March 2026	18,428		131,972		181,688		332,088
	At 31 March 2025	18,428		84,423		217,880		320,731


5	Debtors					2026		2025
£							£

	Trade debtors					432,091		385,752
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					131,668		97,250
	Prepayments and deposits					283,727		499,365
	Rent Deposit					-		8,715
	Other debtors staff loan					-		47,339
						847,486		1,038,421


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					327,948		2,283
	Credit cards					27,630		-
	Trade creditors					524,001		730,061
	Taxation and social security costs					42,620		35,145
	Pension payable					2,453		2,976
	Vat Control					103,203		60,040
	Net Salary payable					7,644		-
	Proposed dividend					27,500		27,500
						1,062,999		858,005


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Private Loan					41,405		90,000
	Bank loans					190,167		277,908
	Loan Funding Circule					195,773		292,634
	Loan Flexi and oak					219,389		363,996
	Obligations under finance lease and hire purchase contracts					89,069		65,914
	Loan Maximise					300,000		-
	Director Loan account					63,719		95,491
						1,099,522		1,185,943


8	Other information

	PRESTIGE FOOD & WINE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 10, Fairway Trading Estate
	Hounslow
	TW4 6BU