Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-06-27The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseManufacturing of soft drinks3falsetrue 14963812 2023-06-26 14963812 2023-06-27 2024-06-30 14963812 2022-07-01 2023-06-26 14963812 2024-06-30 14963812 c:Director3 2023-06-27 2024-06-30 14963812 d:CurrentFinancialInstruments 2024-06-30 14963812 d:Non-currentFinancialInstruments 2024-06-30 14963812 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14963812 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 14963812 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 14963812 d:ShareCapital 2024-06-30 14963812 d:RetainedEarningsAccumulatedLosses 2024-06-30 14963812 c:FRS102 2023-06-27 2024-06-30 14963812 c:AuditExempt-NoAccountantsReport 2023-06-27 2024-06-30 14963812 c:FullAccounts 2023-06-27 2024-06-30 14963812 c:PrivateLimitedCompanyLtd 2023-06-27 2024-06-30 14963812 e:PoundSterling 2023-06-27 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 14963812









REKT DRINKS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
REKT DRINKS LTD
REGISTERED NUMBER: 14963812

BALANCE SHEET
AS AT 30 JUNE 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
  
10

Cash at bank and in hand
 5 
3,718

  
3,728

Creditors: amounts falling due within one year
 6 
(2,400)

Net current assets
  
 
 
1,328

Total assets less current liabilities
  
1,328

Creditors: amounts falling due after more than one year
  
(40,000)

  

Net (liabilities)/assets
  
(38,672)


Capital and reserves
  

Called up share capital 
  
10

Profit and loss account
  
(38,682)

  
(38,672)


Page 1

 
REKT DRINKS LTD
REGISTERED NUMBER: 14963812
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 September 2024.




................................................
Mr O Faruq
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
REKT DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

The company is a private company limited by shares incorporated in England and Wales. The address of its registered office is: 12 Old Bond Street, Mayfair, London, W1S 4PW, United Kingdom. The financial statements are prepared in GBP ("£") which is the functional and presentational currency of the primary economic environment in which the company operates.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £38,672. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
REKT DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is
Page 4

 
REKT DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.8
Financial instruments (continued)

immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




The average monthly number of employees, including the directors, during the period was as follows:


        2024
            No.






Average number of employees
3


4.


Debtors

2024
£


Other debtors
10

10



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
3,718

3,718


Page 5

 
REKT DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
£

Accruals and deferred income
2,400

2,400



7.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
40,000

40,000



8.


Loans


Analysis of the maturity of loans is given below:


2024
£


Amounts falling due 1-2 years

Bank loans
40,000


40,000



40,000


 
Page 6