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REGISTERED NUMBER: 11188009 (Wales)















DRINK AND FOOD GROUP LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024






DRINK AND FOOD GROUP LIMITED (REGISTERED NUMBER: 11188009)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRINK AND FOOD GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTOR: A J Govier





REGISTERED OFFICE: FAO: Charlotte Furley
Drink and Food Group Ltd
The Coal Exchange Hotel,4-5 Mount Square
Cardiff
Glamorgan
CF10 5FQ





REGISTERED NUMBER: 11188009 (Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

DRINK AND FOOD GROUP LIMITED (REGISTERED NUMBER: 11188009)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,900 8,332

CURRENT ASSETS
Stocks 3,537 3,648
Debtors 5 5,450 32,816
Cash at bank and in hand 2,433 1,787
11,420 38,251
CREDITORS
Amounts falling due within one year 6 469,395 253,094
NET CURRENT LIABILITIES (457,975 ) (214,843 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(452,075

)

(206,511

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (452,076 ) (206,512 )
SHAREHOLDERS' FUNDS (452,075 ) (206,511 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 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.

DRINK AND FOOD GROUP LIMITED (REGISTERED NUMBER: 11188009)

BALANCE SHEET - continued
29TH FEBRUARY 2024


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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th February 2025 and were signed by:





A J Govier - Director


DRINK AND FOOD GROUP LIMITED (REGISTERED NUMBER: 11188009)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Drink and Food Group Limited is a private company, limited by shares , registered in 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 Profit and Loss, 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.

DRINK AND FOOD GROUP LIMITED (REGISTERED NUMBER: 11188009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st March 2023 1,499 8,869 10,368
Additions - 6,436 6,436
Disposals (1,499 ) (8,869 ) (10,368 )
At 29th February 2024 - 6,436 6,436
DEPRECIATION
At 1st March 2023 594 1,442 2,036
Charge for year - 536 536
Eliminated on disposal (594 ) (1,442 ) (2,036 )
At 29th February 2024 - 536 536
NET BOOK VALUE
At 29th February 2024 - 5,900 5,900
At 28th February 2023 905 7,427 8,332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 26,008
Prepayments 5,450 6,808
5,450 32,816

DRINK AND FOOD GROUP LIMITED (REGISTERED NUMBER: 11188009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 303,728 165,890
Trade creditors 110,539 44,554
Social security and other taxes 5,333 18,722
VAT 39,886 19,769
Other creditors 6,609 40
Directors' current accounts - 1
Accruals and deferred income 3,300 4,118
469,395 253,094

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

During the year the company paid management charges of £26,000 to Bumax Limited a company in which Mr A J Govier has a controlling interest. These transactions were on an arm's length basis.

At the year end the company had the following outstanding loan balances to related parties, where the director, Mr A Govier, has a controlling interest in each company.

£146,167 owed to HSG Facilities Management Limited (2023: £118,629)
£7,172 owed to Eden Grove Properties Limited (2023: £5,461)
£46,594 owed to Bumax Limited (2023: £31,200)
£Nil owed to Eden Grove Developments Limited (2023: £4,800 debtor)
£1,000 owed to National Enforcement Solutions Limited (2023: £Nil)
£64,822 owed to TCS Education Catering Limited (2023: £Nil)
£24,173 owed to The School Lunch Company Limited (2023: £Nil)

9. GOING CONCERN

After reviewing the company's forecasts and projections, the director has 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 preparing its financial statements.