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REGISTERED NUMBER: 09895112 (England and Wales)












GUNNA DRINKS LIMITED

Unaudited Financial Statements

for the Year Ended 30 November 2023






GUNNA DRINKS LIMITED (REGISTERED NUMBER: 09895112)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


GUNNA DRINKS LIMITED

Company Information
for the Year Ended 30 November 2023







Director: M G W Jay





Registered office: Ward House 6
Ward Street
Guildford
Surrey
GU1 4LH





Registered number: 09895112 (England and Wales)





Accountants: Outsource-FD Limited t/a eFM
NP-105, iCentre
Howard Way
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 9PY

Accountants' Report to the Director
on the Unaudited Financial Statements of
Gunna Drinks Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gunna Drinks Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Gunna Drinks Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gunna Drinks Limited and state those matters that we have agreed to state to the director of Gunna Drinks Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Gunna Drinks Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Gunna Drinks Limited. You consider that Gunna Drinks Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gunna Drinks Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Outsource-FD Limited t/a eFM
NP-105, iCentre
Howard Way
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 9PY


25 November 2024

GUNNA DRINKS LIMITED (REGISTERED NUMBER: 09895112)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 30,882 3,852
Tangible assets 5 107,538 134,344
138,420 138,196

Current assets
Stocks 173,991 189,099
Debtors 6 1,028,181 402,234
Cash at bank 125,782 177,321
1,327,954 768,654
Creditors
Amounts falling due within one year 7 231,262 141,869
Net current assets 1,096,692 626,785
Total assets less current liabilities 1,235,112 764,981

Creditors
Amounts falling due after more than one year 8 133,371 160,839
Net assets 1,101,741 604,142

Capital and reserves
Called up share capital 9 112 101
Share premium 10 7,486,468 5,526,522
Retained earnings 10 (6,384,839 ) (4,922,481 )
Shareholders' funds 1,101,741 604,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 25 November 2024 and were signed by:





M G W Jay - Director


GUNNA DRINKS LIMITED (REGISTERED NUMBER: 09895112)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. Statutory information

Gunna Drinks 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.

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.

Intangible assets
Intangible assets (including Website and Capital Cost) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Website Cost - 3 Years Staright Line
Capital Cost - 5 Years Staright Line

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles - 5 Years Straight Line
Computer Equipment - 3 Years Straight Line

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 3 ) .

GUNNA DRINKS LIMITED (REGISTERED NUMBER: 09895112)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. Intangible fixed assets
Development Computer
costs software Totals
£    £    £   
Cost
At 1 December 2022 - 25,288 25,288
Additions 19,491 14,854 34,345
At 30 November 2023 19,491 40,142 59,633
Amortisation
At 1 December 2022 - 21,436 21,436
Amortisation for year 925 6,390 7,315
At 30 November 2023 925 27,826 28,751
Net book value
At 30 November 2023 18,566 12,316 30,882
At 30 November 2022 - 3,852 3,852

5. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 December 2022 143,453 5,068 148,521
Additions - 3,146 3,146
At 30 November 2023 143,453 8,214 151,667
Depreciation
At 1 December 2022 10,966 3,211 14,177
Charge for year 28,690 1,262 29,952
At 30 November 2023 39,656 4,473 44,129
Net book value
At 30 November 2023 103,797 3,741 107,538
At 30 November 2022 132,487 1,857 134,344

6. Debtors: amounts falling due within one year
30/11/23 30/11/22
£    £   
Trade debtors 51,931 102,086
Amounts owed by group undertakings 919,389 267,554
VAT 56,400 32,502
Prepayments 461 92
1,028,181 402,234

GUNNA DRINKS LIMITED (REGISTERED NUMBER: 09895112)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. Creditors: amounts falling due within one year
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 24,192 22,902
Trade creditors 72,134 89,245
Social security and other taxes 26,839 9,750
Other creditors 7,867 2,517
Accrued expenses 100,230 17,455
231,262 141,869

8. Creditors: amounts falling due after more than one year
30/11/23 30/11/22
£    £   
Bounce Back Loan 17,500 27,500
Hire purchase contracts 115,871 133,339
133,371 160,839

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
11,150,161 Ordinary Shares 0.00001 112 101
47,798 B Investment 0.00001 - -
112 101

10. Reserves
Retained Share
earnings premium Totals
£    £    £   

At 1 December 2022 (4,922,481 ) 5,526,522 604,041
Deficit for the year (1,469,251 ) (1,469,251 )
Purchase of own shares 6,893 - 6,893
Cash share issue - 1,959,946 1,959,946
At 30 November 2023 (6,384,839 ) 7,486,468 1,101,629

11. Related party disclosures

During the year the company's subsidiary Gunna Craft Soft Inc was receiving investment on behalf of Gunna Drinks from US investors which has been charged to inter-company of £919,389 (2022: £267,554).