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REGISTERED NUMBER: 08589762 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PREMIUM BEVERAGES LTD

PREMIUM BEVERAGES LTD (REGISTERED NUMBER: 08589762)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIUM BEVERAGES LTD

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: M J Henshaw
Mrs A M Henshaw





REGISTERED OFFICE: 2 Claire Court
Rawmarsh Road
Rotherham
South Yorkshire
S60 1RU





REGISTERED NUMBER: 08589762 (England and Wales)

PREMIUM BEVERAGES LTD (REGISTERED NUMBER: 08589762)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,812 8,025

CURRENT ASSETS
Stocks 65,017 72,475
Debtors 6 147,675 123,357
Cash at bank 315,076 355,566
527,768 551,398
CREDITORS
Amounts falling due within one year 7 221,937 241,127
NET CURRENT ASSETS 305,831 310,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,643

318,296

CREDITORS
Amounts falling due after more than one
year

8

(4,409

)

(14,806

)

PROVISIONS FOR LIABILITIES (1,453 ) (2,006 )
NET ASSETS 305,781 301,484

CAPITAL AND RESERVES
Called up share capital 9 20 20
Retained earnings 305,761 301,464
SHAREHOLDERS' FUNDS 305,781 301,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PREMIUM BEVERAGES LTD (REGISTERED NUMBER: 08589762)

BALANCE SHEET - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





M J Henshaw - Director


PREMIUM BEVERAGES LTD (REGISTERED NUMBER: 08589762)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Premium Beverages Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


All monetary values stated within these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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


PREMIUM BEVERAGES LTD (REGISTERED NUMBER: 08589762)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

PREMIUM BEVERAGES LTD (REGISTERED NUMBER: 08589762)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024
and 31 December 2024 167 1,955 13,837 4,978 20,937
DEPRECIATION
At 1 January 2024 45 1,497 6,486 4,884 12,912
Charge for year 42 251 1,838 82 2,213
At 31 December 2024 87 1,748 8,324 4,966 15,125
NET BOOK VALUE
At 31 December 2024 80 207 5,513 12 5,812
At 31 December 2023 122 458 7,351 94 8,025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 145,619 121,454
Other debtors 2,056 1,903
147,675 123,357

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,397 10,140
Trade creditors 100,254 121,975
Taxation and social security 94,139 99,417
Other creditors 17,147 9,595
221,937 241,127

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 4,409 14,806

PREMIUM BEVERAGES LTD (REGISTERED NUMBER: 08589762)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
20 Ordinary £1 20 20

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
M J Henshaw
Balance outstanding at start of year (820 ) 3,014
Amounts advanced 33,645 32,830
Amounts repaid (33,645 ) (36,664 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (820 ) (820 )

Mrs A M Henshaw
Balance outstanding at start of year (70 ) 3,556
Amounts advanced 27,527 26,372
Amounts repaid (27,527 ) (29,998 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (70 ) (70 )

The above loans are unsecured, interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J Henshaw.