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Company Registration No. 10931705 (England and Wales)
H R Drinks (Wholesale) Ltd Unaudited accounts for the year ended 31 August 2024
H R Drinks (Wholesale) Ltd Unaudited accounts Contents
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H R Drinks (Wholesale) Ltd Company Information for the year ended 31 August 2024
Director
Devinder Kaur Dhillon
Company Number
10931705 (England and Wales)
Registered Office
14 Thornham Grove London E15 1DN England
Accountants
Capital Talks LLP Accountants & Tax consultants 310D - EW Sterling House Langston Road Loughton IG10 3TS
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H R Drinks (Wholesale) Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
384,188 
182,686 
Current assets
Inventories
329,823 
185,000 
Debtors
287,051 
135,710 
Cash at bank and in hand
206,785 
161,510 
823,659 
482,220 
Creditors: amounts falling due within one year
(298,983)
(163,581)
Net current assets
524,676 
318,639 
Total assets less current liabilities
908,864 
501,325 
Creditors: amounts falling due after more than one year
(380,217)
(156,206)
Net assets
528,647 
345,119 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
528,547 
345,019 
Shareholders' funds
528,647 
345,119 
For the year ending 31 August 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 her 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 22 April 2025 and were signed on its behalf by
Devinder Kaur Dhillon Director Company Registration No. 10931705
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H R Drinks (Wholesale) Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
H R Drinks (Wholesale) Ltd is a private company, limited by shares, registered in England and Wales, registration number 10931705. The registered office is 14 Thornham Grove, London, E15 1DN, 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.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
15% on cost.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
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H R Drinks (Wholesale) Ltd Notes to the Accounts for the year ended 31 August 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
289,070 
Additions
261,246 
At 31 August 2024
550,316 
Depreciation
At 1 September 2023
106,384 
Charge for the year
59,744 
At 31 August 2024
166,128 
Net book value
At 31 August 2024
384,188 
At 31 August 2023
182,686 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
272,625 
121,731 
Accrued income and prepayments
14,426 
13,979 
287,051 
135,710 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
31,772 
31,772 
VAT
26,261 
17,127 
Trade creditors
168,463 
31,289 
Taxes and social security
66,863 
82,003 
Other creditors
5,551 
1,105 
Accruals
73 
285 
298,983 
163,581 
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H R Drinks (Wholesale) Ltd Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
135,655 
85,807 
Obligations under finance leases and hire purchase contracts
244,562 
70,399 
380,217 
156,206 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
The director, D K Dhillons controls the company as a result of controlling directly 100% of the issued shares capital.
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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