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REGISTERED NUMBER: 06787443 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

Drinkrite Limited

Drinkrite Limited (Registered number: 06787443)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Drinkrite Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M J Slattery





SECRETARY:





REGISTERED OFFICE: Hillhouse Farm
Barbers Lane
Antrobus
Cheshire
CW9 6JT





REGISTERED NUMBER: 06787443 (England and Wales)





ACCOUNTANTS: TF & Partners Ltd t/a Hatherlows
Chartered Accountants
The Studio, Hatherlow House
Hatherlow
Romiley
Stockport
Cheshire
SK6 3DY

Drinkrite Limited (Registered number: 06787443)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 70 94

CURRENT ASSETS
Debtors 6 112,999 169,020
Cash at bank 349,283 283,149
462,282 452,169
CREDITORS
Amounts falling due within one year 7 48,552 82,509
NET CURRENT ASSETS 413,730 369,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,800

369,754

CAPITAL AND RESERVES
Called up share capital 70 70
Capital redemption reserve 70 70
Retained earnings 413,660 369,614
413,800 369,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 23 August 2024 and were signed by:




M J Slattery - Director


Drinkrite Limited (Registered number: 06787443)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Drinkrite Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

Drinkrite Limited (Registered number: 06787443)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 299
DEPRECIATION
At 1 April 2023 205
Charge for year 24
At 31 March 2024 229
NET BOOK VALUE
At 31 March 2024 70
At 31 March 2023 94

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 98,895 47,250
Other debtors 14,104 121,770
112,999 169,020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 35,801 61,785
Taxation and social security 10,801 7,015
Other creditors 1,950 13,709
48,552 82,509

8. POST BALANCE SHEET EVENTS

The financial statements were authorised for issue by the director on 23 August 2024.

9. ULTIMATE CONTROLLING PARTY

The controlling party is M J Slattery.

The ultimate controlling party is M J Slattery.