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REGISTERED NUMBER: 04579202















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

DRINKSWORLD LIMITED

DRINKSWORLD LIMITED (REGISTERED NUMBER: 04579202)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRINKSWORLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mrs Sukhjit Kaur





REGISTERED OFFICE: Unit 6
Unicorn Hill
Redditch
Worcestershire
B97 4QR





REGISTERED NUMBER: 04579202






DRINKSWORLD LIMITED (REGISTERED NUMBER: 04579202)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,121 49,846

CURRENT ASSETS
Stocks 5 570,212 186,104
Debtors 6 500,353 735,680
Cash at bank and in hand 50,548 33,184
1,121,113 954,968
CREDITORS
Amounts falling due within one year 7 706,767 537,900
NET CURRENT ASSETS 414,346 417,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

480,467

466,914

PROVISIONS FOR LIABILITIES 8 9,441 5,664
NET ASSETS 471,026 461,250

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 471,024 461,248
SHAREHOLDERS' FUNDS 471,026 461,250

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

DRINKSWORLD LIMITED (REGISTERED NUMBER: 04579202)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 8 April 2024 and were signed by:





Mrs Sukhjit Kaur - Director


DRINKSWORLD LIMITED (REGISTERED NUMBER: 04579202)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Drinksworld Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 22 (2022 - 19 ) .

DRINKSWORLD LIMITED (REGISTERED NUMBER: 04579202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 16,257 348,831 6,600 371,688
Additions - 27,943 - 27,943
At 31 March 2023 16,257 376,774 6,600 399,631
DEPRECIATION
At 1 April 2022 14,575 301,513 5,754 321,842
Charge for year 252 11,289 127 11,668
At 31 March 2023 14,827 312,802 5,881 333,510
NET BOOK VALUE
At 31 March 2023 1,430 63,972 719 66,121
At 31 March 2022 1,682 47,318 846 49,846

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 570,212 186,104

6. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 8,591 6,147
Prepayments 36,107 -
Rent deposit refundable 8,798 8,798
Lottery deposit refundable 10,000 10,000
63,496 24,945

Amounts falling due after more than one year:
Amounts owed by group undertakings 436,857 710,735

Aggregate amounts 500,353 735,680

DRINKSWORLD LIMITED (REGISTERED NUMBER: 04579202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 54,002 41,653
Trade creditors 183,269 69,216
Tax 8,437 8,437
Social security and other taxes 88,315 77,042
Pension control account (429 ) 350
VAT 24,024 10,285
Other creditors 181,000 181,000
Directors' current accounts 163,399 145,417
Accrued expenses 4,750 4,500
706,767 537,900

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 9,441 5,664

Deferred
tax
£   
Balance at 1 April 2022 5,664
Provided during year 3,777
Balance at 31 March 2023 9,441

9. ULTIMATE PARENT COMPANY

khera (Holdings) Limited is regarded by the directors as being the company's ultimate parent company.