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REGISTERED NUMBER: 10468645 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

JG Drinks Ltd

JG Drinks Ltd (Registered number: 10468645)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JG Drinks Ltd

Company Information
for the Year Ended 31st March 2023







DIRECTOR: J R F Grant





REGISTERED OFFICE: The Distillery at Dowsetts Farm
Dowsetts Lane
Colliers End
Ware
Hertfordshire
SG11 1EF





REGISTERED NUMBER: 10468645 (England and Wales)





ACCOUNTANTS: Warner & Co Accountants Limited
First Floor Extension
Widbury Barns
Widbury Hill
Ware
Hertfordshire
SG12 7QE

JG Drinks Ltd (Registered number: 10468645)

Abridged Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,982 74,406

CURRENT ASSETS
Stocks 100,631 83,997
Debtors 54,146 64,319
Investments 3,404 1,812
Cash at bank and in hand 33,029 77,672
191,210 227,800
CREDITORS
Amounts falling due within one year 40,007 60,791
NET CURRENT ASSETS 151,203 167,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,185

241,415

CREDITORS
Amounts falling due after more than one
year

28,612

42,955
NET ASSETS 185,573 198,460

CAPITAL AND RESERVES
Called up share capital 2,768 2,768
Share premium 29,300 29,300
Retained earnings 153,505 166,392
185,573 198,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

JG Drinks Ltd (Registered number: 10468645)

Abridged Balance Sheet - continued
31st March 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th October 2023 and were signed by:





J R F Grant - Director


JG Drinks Ltd (Registered number: 10468645)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

JG Drinks Ltd 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.

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 etc - 25% on reducing balance and 10% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

JG Drinks Ltd (Registered number: 10468645)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2022 126,914
Additions 11,461
At 31st March 2023 138,375
DEPRECIATION
At 1st April 2022 52,508
Charge for year 22,885
At 31st March 2023 75,393
NET BOOK VALUE
At 31st March 2023 62,982
At 31st March 2022 74,406

5. OTHER FINANCIAL COMMITMENTS

There were other financial commitments at 31st March 2023 of £25,800.

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

31.3.23 31.3.22
£    £   
J R F Grant
Balance outstanding at start of year 2,570 12,779
Amounts advanced - 2,570
Amounts repaid (2,721 ) (12,779 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (151 ) 2,570