Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302025-05-20truefalse22023-06-19Manufacture of energy and workout drinksfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14945038 2023-06-18 14945038 2023-06-19 2024-06-30 14945038 2022-06-19 2023-06-18 14945038 2024-06-30 14945038 c:Director2 2023-06-19 2024-06-30 14945038 d:ComputerEquipment 2023-06-19 2024-06-30 14945038 d:ComputerEquipment 2024-06-30 14945038 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-19 2024-06-30 14945038 d:CurrentFinancialInstruments 2024-06-30 14945038 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14945038 d:ShareCapital 2024-06-30 14945038 d:RetainedEarningsAccumulatedLosses 2024-06-30 14945038 c:FRS102 2023-06-19 2024-06-30 14945038 c:AuditExempt-NoAccountantsReport 2023-06-19 2024-06-30 14945038 c:FullAccounts 2023-06-19 2024-06-30 14945038 c:PrivateLimitedCompanyLtd 2023-06-19 2024-06-30 14945038 e:PoundSterling 2023-06-19 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 14945038










SAVITAR DRINKS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2024

 
SAVITAR DRINKS LIMITED
REGISTERED NUMBER: 14945038

BALANCE SHEET
AS AT 30 JUNE 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
644

  
644

Current assets
  

Stocks
 5 
65,067

Debtors: amounts falling due within one year
 6 
22,086

Cash at bank and in hand
 7 
10,168

  
97,321

Creditors: amounts falling due within one year
 8 
(152,946)

Net current (liabilities)/assets
  
 
 
(55,625)

Total assets less current liabilities
  
(54,981)

  

Net (liabilities)/assets
  
(54,981)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(54,982)

  
(54,981)


Page 1

 
SAVITAR DRINKS LIMITED
REGISTERED NUMBER: 14945038
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Taylor Rees-Zammit
Director

Date: 20 May 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SAVITAR DRINKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

Savitar Drinks Limited is a private company, limited by shares, registered in England and
Wales. The company's registered number is 14945038 and the registered office address is MHA House Charter Court, Phoenix Way, Swansea Enterprise Park, Swansea, United Kingdom, SA7 9FS.
The presentation currency of the financial statements is the pound sterling (£) and have been rounded
to the nearest pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company and consider the company will retain sufficient working capital to continue trading for the foreseeable future.

Page 3

 
SAVITAR DRINKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Development costs

All the expenses associated with the development of the workout drinks are recognised in the profit and loss account in the year they were incurred.

Page 4

 
SAVITAR DRINKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
SAVITAR DRINKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
666



At 30 June 2024

666



Depreciation


Charge for the period on owned assets
22



At 30 June 2024

22



Net book value



At 30 June 2024
644


5.


Stocks

2024
£

Finished goods and goods for resale
65,067

65,067



6.


Debtors

2024
£


Other debtors
22,086

22,086


Page 6

 
SAVITAR DRINKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
10,168

10,168



8.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
9,369

Other creditors
141,577

Accruals and deferred income
2,000

152,946


 
Page 7