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Company Registration No. 04108541 (England and Wales)
DRINK WORKS LIMITED Unaudited accounts for the year ended 31 December 2024
DRINK WORKS LIMITED Unaudited accounts Contents
Page
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DRINK WORKS LIMITED Company Information for the year ended 31 December 2024
Director
Mr Leyton James Hardwick
Company Number
04108541 (England and Wales)
Registered Office
1 Windsor Grey Close Ascot Berkshire SL5 7FZ England
Accountants
Azoth Digital Accountants Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH
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DRINK WORKS LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
195,437 
198,333 
Investments
174,999 
174,999 
370,436 
373,332 
Current assets
Debtors
132,715 
154,921 
Cash at bank and in hand
(33,019)
104,783 
99,696 
259,704 
Creditors: amounts falling due within one year
(116,484)
(3,040)
Net current (liabilities)/assets
(16,788)
256,664 
Total assets less current liabilities
353,648 
629,996 
Creditors: amounts falling due after more than one year
(85,000)
(205,000)
Net assets
268,648 
424,996 
Capital and reserves
Called up share capital
31 
30 
Capital contribution reserve
37 
37 
Profit and loss account
268,580 
424,929 
Shareholders' funds
268,648 
424,996 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 2 April 2025 and were signed on its behalf by
Mr Leyton James Hardwick Director Company Registration No. 04108541
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DRINK WORKS LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
DRINK WORKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04108541. The registered office is 1 Windsor Grey Close, Ascot, Berkshire, SL5 7FZ, 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.
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:
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.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which
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DRINK WORKS LIMITED Notes to the Accounts for the year ended 31 December 2024
the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
192,647 
307,518 
500,165 
At 31 December 2024
192,647 
307,518 
500,165 
Depreciation
At 1 January 2024
- 
301,832 
301,832 
Charge for the year
- 
2,896 
2,896 
At 31 December 2024
- 
304,728 
304,728 
Net book value
At 31 December 2024
192,647 
2,790 
195,437 
At 31 December 2023
192,647 
5,686 
198,333 
5
Investments
Other investments 
£ 
Valuation at 1 January 2024
174,999 
Valuation at 31 December 2024
174,999 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,461 
2,192 
Trade debtors
53,051 
51,313 
Deferred tax asset
67,029 
69,983 
Accrued income and prepayments
8,698 
19,299 
Other debtors
2,476 
12,134 
132,715 
154,921 
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DRINK WORKS LIMITED Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
60,000 
- 
Trade creditors
5,675 
(7,698)
Taxes and social security
11,667 
(1,060)
Other creditors
(116,078)
11,201 
Loans from directors
155,220 
597 
116,484 
3,040 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
85,000 
205,000 
9
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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