TRIP DRINK LTD

Company Registration Number:
11834475 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

TRIP DRINK LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

TRIP DRINK LTD

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 50,312 0
Tangible assets: 4 40,850 30,770
Total fixed assets: 91,162 30,770
Current assets
Stocks: 3,657,807 4,126,572
Debtors: 5 3,170,756 2,161,879
Cash at bank and in hand: 1,141,662 763,485
Total current assets: 7,970,225 7,051,936
Creditors: amounts falling due within one year: 6 (3,292,780) (2,785,655)
Net current assets (liabilities): 4,677,445 4,266,281
Total assets less current liabilities: 4,768,607 4,297,051
Creditors: amounts falling due after more than one year: 7   (291,774)
Total net assets (liabilities): 4,768,607 4,005,277
Capital and reserves
Called up share capital: 17 14
Share premium account: 18,689,032 12,369,406
Profit and loss account: (13,920,442) (8,364,143)
Shareholders funds: 4,768,607 4,005,277

The notes form part of these financial statements

TRIP DRINK LTD

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 March 2025
and signed on behalf of the board by:

Name: James Edmunds
Status: Director

The notes form part of these financial statements

TRIP DRINK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TRIP DRINK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 43 28

TRIP DRINK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Intangible Assets

Total
Cost £
At 01 March 2023 0
Additions 52,500
At 28 February 2024 52,500
Amortisation
At 01 March 2023 0
Charge for year 2,188
At 28 February 2024 2,188
Net book value
At 28 February 2024 50,312
At 28 February 2023 0

TRIP DRINK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Tangible Assets

Total
Cost £
At 01 March 2023 39,223
Additions 18,403
At 28 February 2024 57,626
Depreciation
At 01 March 2023 8,453
Charge for year 8,323
At 28 February 2024 16,776
Net book value
At 28 February 2024 40,850
At 28 February 2023 30,770

TRIP DRINK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

TRIP DRINK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Creditors: amounts falling due within one year note

Creditors: Amounts falling due within one year Group 29 February Unaudited Group 28 February Company 29 February Unaudited Company 28 February 2024 2023 2024 2023 £ £ £ £ Trade creditors 2,289,854 2,354,147 2,181,079 2,235,652 Other taxation and social security 289,910 219,367 289,667 219,367 Other creditors 29,425 6,349 29,425 6,350 Accruals and deferred income 683,591 205,792 640,065 200,223 3,292,780 2,785,655 3,140,236 2,661,592

TRIP DRINK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

7. Creditors: amounts falling due after more than one year note

Creditors: Amounts falling due after more than one year Group 29 February Unaudited Group 28 February Company 29 February Unaudited Company 28 February 2024 2023 2024 2023 £ £ £ £ Directors loans - 291,774 - 291,774

TRIP DRINK LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

8. Post balance sheet events

On 19 December 2024 Trip Drink Limited agreed an equity investment of £5.6m of which £4.3m has been received to date and the balance expected shortly.