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REGISTERED NUMBER: 14120461 (England and Wales)


Financial Statements for the Period 20 May 2022 to 31 May 2023

for

Cool Drinks Ltd

Cool Drinks Ltd (Registered number: 14120461)






Contents of the Financial Statements
for the Period 20 May 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cool Drinks Ltd

Company Information
for the Period 20 May 2022 to 31 May 2023







DIRECTOR: Mr Harpreet Singh





REGISTERED OFFICE: Bridge House,
9 - 13 Holbrook Lane,
Coventry,
West Midlands,
England,
CV6 4AD





REGISTERED NUMBER: 14120461 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Cool Drinks Ltd (Registered number: 14120461)

Balance Sheet
31 May 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 54,771
Tangible assets 5 17,774
72,545

CURRENT ASSETS
Stocks 42,975
Debtors 6 6,026
Cash at bank and in hand 31,840
80,841
CREDITORS
Amounts falling due within one year 7 148,513
NET CURRENT LIABILITIES (67,672 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,873

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings 4,773
SHAREHOLDERS' FUNDS 4,873

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

Cool Drinks Ltd (Registered number: 14120461)

Balance Sheet - continued
31 May 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 19 February 2024 and were signed by:





Mr Harpreet Singh - Director


Cool Drinks Ltd (Registered number: 14120461)

Notes to the Financial Statements
for the Period 20 May 2022 to 31 May 2023

1. STATUTORY INFORMATION

Cool 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 54,771
At 31 May 2023 54,771
NET BOOK VALUE
At 31 May 2023 54,771

Cool Drinks Ltd (Registered number: 14120461)

Notes to the Financial Statements - continued
for the Period 20 May 2022 to 31 May 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 1 23,057 23,058
At 31 May 2023 1 23,057 23,058
DEPRECIATION
Charge for period - 5,284 5,284
At 31 May 2023 - 5,284 5,284
NET BOOK VALUE
At 31 May 2023 1 17,773 17,774

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 4,500
Other debtors 1,526
6,026

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,063
Taxation and social security 3,682
Other creditors 142,768
148,513

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.