TAPP'D COCKTAILS LTD

Company Registration Number:
11777759 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

TAPP'D COCKTAILS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

TAPP'D COCKTAILS LTD

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 34,419 1,025,504
Total fixed assets: 34,419 1,025,504
Current assets
Stocks: 498,053 510,018
Debtors:   3,803,872 1,103,798
Total current assets: 4,301,925 1,613,816
Creditors: amounts falling due within one year: 4 (2,689,876) (1,273,618)
Net current assets (liabilities): 1,612,049 340,198
Total assets less current liabilities: 1,646,468 1,365,702
Total net assets (liabilities): 1,646,468 1,365,702
Capital and reserves
Called up share capital: 1,030 1,030
Share premium account: 802,276 802,276
Profit and loss account: 843,162 562,396
Shareholders funds: 1,646,468 1,365,702

The notes form part of these financial statements

TAPP'D COCKTAILS LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 October 2024
and signed on behalf of the board by:

Name: Tony Plato
Status: Director

The notes form part of these financial statements

TAPP'D COCKTAILS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery 10% reducing balance Motor Vehicles 15% reducing balance Fixtures & Fittings 15% reducing balance Computer Equipment 15% reducing balance

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

TAPP'D COCKTAILS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 18 11

TAPP'D COCKTAILS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 1,210,715
Additions 463,204
Disposals (1,615,992)
At 31 January 2024 57,927
Depreciation
At 01 February 2023 185,211
Charge for year 6,074
On disposals (167,777)
At 31 January 2024 23,508
Net book value
At 31 January 2024 34,419
At 31 January 2023 1,025,504

TAPP'D COCKTAILS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

Creditors for 2024 and 2023 respectively are as follows: Net obligations under finance lease and hire purchase contracts - 9,418 Trade creditors 580,967 464,524 Bank loans and overdrafts 118,606 184,063 Other taxes and social security 6,087 7,471 VAT 25,437 - Other creditors 1,111,182 71,510 Accruals and deferred income 900 800 Directors' loan accounts 846,697 535,832