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Company Registration No. 13310731 (England and Wales)
Badwater Drinks Ltd Unaudited accounts for the year ended 30 April 2024
Badwater Drinks Ltd Unaudited accounts Contents
Page
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Badwater Drinks Ltd Company Information for the year ended 30 April 2024
Directors
D Spurr KM Dixon
Company Number
13310731 (England and Wales)
Registered Office
2 Exeter Street New Village Road COTTINGHAM East Yorkshire HU16 4LU England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Badwater Drinks Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
738 
33 
Current assets
Inventories
114,481 
125,315 
Debtors
86,746 
26,669 
Cash at bank and in hand
112,436 
100,708 
313,663 
252,692 
Creditors: amounts falling due within one year
(66,734)
(122,363)
Net current assets
246,929 
130,329 
Total assets less current liabilities
247,667 
130,362 
Creditors: amounts falling due after more than one year
(210,000)
(150,000)
Net assets/(liabilities)
37,667 
(19,638)
Capital and reserves
Called up share capital
3 
1 
Share premium
490,000 
230,000 
Profit and loss account
(452,336)
(249,639)
Shareholders' funds
37,667 
(19,638)
For the year ending 30 April 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by
D Spurr Director Company Registration No. 13310731
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Badwater Drinks Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Badwater Drinks Ltd is a private company, limited by shares, registered in England and Wales, registration number 13310731. The registered office is 2 Exeter Street, New Village Road, COTTINGHAM, East Yorkshire, HU16 4LU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director(s) will continue to financially support the company during this uncertain period.
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Badwater Drinks Ltd Notes to the Accounts for the year ended 30 April 2024
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% On Cost
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2023
99 
Additions
803 
At 30 April 2024
902 
Depreciation
At 1 May 2023
66 
Charge for the year
98 
At 30 April 2024
164 
Net book value
At 30 April 2024
738 
At 30 April 2023
33 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
18,577 
21,780 
Trade debtors
15,888 
3,627 
Accrued income and prepayments
52,281 
1,262 
86,746 
26,669 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
30,813 
22,566 
Taxes and social security
- 
2 
Loans from directors
35,921 
98,087 
Accruals
- 
1,708 
66,734 
122,363 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
210,000 
150,000 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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