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Registered Number: 14639760
England and Wales

 

 

 

PAWD DRINKS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 05 February 2023

End date: 29 February 2024
Directors Rory Hanna
Archie Wilson
Registered Number 14639760
Registered Office 6-7 Waterside Station Road
Harpenden
England
AL5 4US
Accountants Cubed Consultancy Limited
6-7 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US
1
 
 
Notes
 
2024
£
Current assets    
Stocks 3 9,517 
Debtors 4 300 
Cash at bank and in hand 218,141 
227,958 
Creditors: amount falling due within one year 5 (7,579)
Net current assets 220,379 
 
Total assets less current liabilities 220,379 
Net assets 220,379 
 

Capital and reserves
   
Called up share capital 6 14 
Share premium account 7 280,246 
Profit and loss account (59,881)
Shareholders' funds 220,379 
 


For the period ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 January 2025 and were signed on its behalf by:


-------------------------------
Rory Hanna
Director
-------------------------------
Archie Wilson
Director
2
General Information
PAWD Drinks Limited is a private company, limited by shares, registered in England and Wales, registration number 14639760, registration address 6-7 Waterside Station Road, Harpenden, England, AL5 4US.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.
2.

Average number of employees

Average number of employees during the period was 2.
3.

Stocks

2024
£
Stocks 9,517 
9,517 

4.

Debtors: amounts falling due within one year

2024
£
Other Debtors 300 
300 

5.

Creditors: amount falling due within one year

2024
£
Trade Creditors 1,481 
Taxation and Social Security 892 
Other Creditors 5,206 
7,579 

6.

Share Capital

Authorised
1,397,153 Ordinary shares of £0.00001 each
Allotted, called up and fully paid
2024
£
1,397,153 Ordinary shares of £0.00001 each 14 
14 

7.

Share premium account

2024
£
Equity Share Premium - New Issue 280,246 
280,246 

3