2 2 Twiss Drinks Limited 07461394 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of manufacturing and wholesale distribution of soft drinks. The company has remained dormant in the year. Digita Accounts Production Advanced 6.30.9574.0 true 07461394 2023-04-01 2024-03-31 07461394 2024-03-31 07461394 core:CurrentFinancialInstruments 2024-03-31 07461394 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07461394 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 07461394 core:FurnitureFittings 2024-03-31 07461394 core:OfficeEquipment 2024-03-31 07461394 bus:SmallEntities 2023-04-01 2024-03-31 07461394 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07461394 bus:FilletedAccounts 2023-04-01 2024-03-31 07461394 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07461394 bus:RegisteredOffice 2023-04-01 2024-03-31 07461394 bus:Director2 2023-04-01 2024-03-31 07461394 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07461394 bus:Agent1 2023-04-01 2024-03-31 07461394 countries:UnitedKingdom 2023-04-01 2024-03-31 07461394 2023-03-31 07461394 core:FurnitureFittings 2023-03-31 07461394 core:OfficeEquipment 2023-03-31 07461394 2022-04-01 2023-03-31 07461394 2023-03-31 07461394 core:CurrentFinancialInstruments 2023-03-31 07461394 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07461394 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 07461394 core:FurnitureFittings 2023-03-31 07461394 core:OfficeEquipment 2023-03-31 xbrli:pure iso4217:GBP

Registration number: 07461394

Twiss Drinks Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2024

 

Twiss Drinks Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Twiss Drinks Limited

Company Information

Directors

Mr Nitin Menon

Mr Sridhar Subramanian

Company secretary

Mr Nitin Menon

Registered office

46 Gainsborough Road
New Malden
Surrey
KT3 5NU

Accountants

Sterling Associates
Chartered Certified Accountants5 Theobald Court
Theobald Street
Elstree
Hertfordshire
WD6 4RN

 

Twiss Drinks Limited

(Registration number: 07461394)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

17,696

17,696

Tangible assets

5

1,124

1,124

 

18,820

18,820

Current assets

 

Debtors

6

170,658

170,658

Cash at bank and in hand

 

820

820

 

171,478

171,478

Creditors: Amounts falling due within one year

(105,190)

(105,190)

Net current assets

 

66,288

66,288

Total assets less current liabilities

 

85,108

85,108

Creditors: Amounts falling due after more than one year

(2,880,021)

(2,880,021)

Provisions for liabilities

(835)

(835)

Accruals and deferred income

 

(38,825)

(38,465)

Net liabilities

 

(2,834,573)

(2,834,213)

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

(2,835,573)

(2,835,213)

Shareholders' deficit

 

(2,834,573)

(2,834,213)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Twiss Drinks Limited

(Registration number: 07461394)
Abridged Balance Sheet as at 31 March 2024

Approved and authorised by the Board on 1 April 2025 and signed on its behalf by:
 

.........................................
Mr Sridhar Subramanian
Director

 

Twiss Drinks Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
46 Gainsborough Road
New Malden
Surrey
KT3 5NU
United Kingdom

These financial statements were authorised for issue by the Board on 1 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

 

Twiss Drinks Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

The sum of £174,000 disclosed as amounts owed by participating interest represents a loan to Vinformax Systems Limited, a company incorporated in England and Wales. At 31 March 2024, Sridhar Subramarian was also a director of Vinformax Systems Limited.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Twiss Drinks Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2023

40,541

At 31 March 2024

40,541

Amortisation

At 1 April 2023

22,845

At 31 March 2024

22,845

Carrying amount

At 31 March 2024

17,696

At 31 March 2023

17,696

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

3,347

1,971

5,318

At 31 March 2024

3,347

1,971

5,318

Depreciation

At 1 April 2023

2,628

1,566

4,194

At 31 March 2024

2,628

1,566

4,194

Carrying amount

At 31 March 2024

719

405

1,124

At 31 March 2023

719

405

1,124

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

 

Twiss Drinks Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

2024

2023

No.

£

No.

£

Ordinary of £1 each

1,000

1,000

1,000

1,000