2023-01-012023-12-312023-12-31false10537029HEDONIST DRINKS 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HEDONIST DRINKS LTD

Registered Number
10537029
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

HEDONIST DRINKS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

CROWTHER, Daniel Lee Howard
LEE, John
NEARY, Samantha Alex

Registered Address

Chengate House
61 Pepper Road
Leeds
LS10 2RU

Registered Number

10537029 (England and Wales)
HEDONIST DRINKS LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets374,63779,546
74,63779,546
Current assets
Debtors342,915197,848
Cash at bank and on hand14,775-
357,690197,848
Creditors amounts falling due within one year4(213,760)(138,549)
Net current assets (liabilities)143,93059,299
Total assets less current liabilities218,567138,845
Creditors amounts falling due after one year5(172,287)(35,544)
Net assets46,280103,301
Capital and reserves
Called up share capital11
Profit and loss account46,279103,300
Shareholders' funds46,280103,301
The financial statements were approved and authorised for issue by the Board of Directors on 20 May 2024, and are signed on its behalf by:
CROWTHER, Daniel Lee Howard
Director
Registered Company No. 10537029
HEDONIST DRINKS LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings4
Vehicles5
Office Equipment4
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year1414
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 January 2331,90037,76131,756101,417
Additions17,130-73217,862
At 31 December 2349,03037,76132,488119,279
Depreciation and impairment
At 01 January 236,3807,5527,93921,871
Charge for year22,771--22,771
At 31 December 2329,1517,5527,93944,642
Net book value
At 31 December 2319,87930,20924,54974,637
At 31 December 2225,52030,20923,81779,546
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables34,02262,895
Bank borrowings and overdrafts2,13618,467
Taxation and social security102,92619,615
Other creditors74,67637,572
Total213,760138,549
5.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts172,28735,544
Total172,28735,544