Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falseNo description of principal activity2024-01-01false33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13211666 2024-01-01 2024-12-31 13211666 2023-01-01 2023-12-31 13211666 2024-12-31 13211666 2023-12-31 13211666 c:Director1 2024-01-01 2024-12-31 13211666 c:Director2 2024-01-01 2024-12-31 13211666 c:RegisteredOffice 2024-01-01 2024-12-31 13211666 d:PlantMachinery 2024-01-01 2024-12-31 13211666 d:PlantMachinery 2024-12-31 13211666 d:PlantMachinery 2023-12-31 13211666 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13211666 d:OfficeEquipment 2024-01-01 2024-12-31 13211666 d:OfficeEquipment 2024-12-31 13211666 d:OfficeEquipment 2023-12-31 13211666 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13211666 d:ComputerEquipment 2024-01-01 2024-12-31 13211666 d:ComputerEquipment 2024-12-31 13211666 d:ComputerEquipment 2023-12-31 13211666 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13211666 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 13211666 d:ComputerSoftware 2024-12-31 13211666 d:ComputerSoftware 2023-12-31 13211666 d:CurrentFinancialInstruments 2024-12-31 13211666 d:CurrentFinancialInstruments 2023-12-31 13211666 d:Non-currentFinancialInstruments 2024-12-31 13211666 d:Non-currentFinancialInstruments 2023-12-31 13211666 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13211666 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13211666 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 13211666 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13211666 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 13211666 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 13211666 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 13211666 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 13211666 d:ShareCapital 2024-12-31 13211666 d:ShareCapital 2023-12-31 13211666 d:SharePremium 2024-12-31 13211666 d:SharePremium 2023-12-31 13211666 d:RetainedEarningsAccumulatedLosses 2024-12-31 13211666 d:RetainedEarningsAccumulatedLosses 2023-12-31 13211666 c:OrdinaryShareClass1 2024-01-01 2024-12-31 13211666 c:OrdinaryShareClass1 2024-12-31 13211666 c:OrdinaryShareClass1 2023-12-31 13211666 c:FRS102 2024-01-01 2024-12-31 13211666 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13211666 c:FullAccounts 2024-01-01 2024-12-31 13211666 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13211666 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2024-01-01 2024-12-31 13211666 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 13211666 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13211666









FRACTION DRINKS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
FRACTION DRINKS LTD
 
 
COMPANY INFORMATION


Directors
F Clark 
R Radhakrishnan 




Registered number
13211666



Registered office
3rd Floor 45 Albemarle Street
Mayfair

London

England

W1S 4JL




Accountants
Donald Reid Limited

1010 Eskdale Road

Winnersh

Wokingham

England

RG41 5TS





 
FRACTION DRINKS LTD
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 12


 
FRACTION DRINKS LTD
REGISTERED NUMBER: 13211666

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
12,451
7,116

Tangible assets
 5 
7,744
11,159

  
20,195
18,275

Current assets
  

Stocks
 6 
80,000
65,133

Debtors: amounts falling due within one year
 7 
44,583
133,468

Cash at bank and in hand
 8 
146,455
283,716

  
271,038
482,317

Creditors: amounts falling due within one year
 9 
(123,308)
(98,689)

Net current assets
  
 
 
147,730
 
 
383,628

Total assets less current liabilities
  
167,925
401,903

Creditors: amounts falling due after more than one year
 10 
(2,959)
(5,035)

  

Net assets
  
164,966
396,868


Capital and reserves
  

Called up share capital 
 12 
2
2

Share premium account
  
1,484,645
1,191,069

Profit and loss account
  
(1,319,681)
(794,203)

  
164,966
396,868


Page 1

 
FRACTION DRINKS LTD
REGISTERED NUMBER: 13211666
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 year 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 statement of income and retained earnings 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 on 12 August 2025.




F Clark
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
FRACTION DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Fraction Drinks Ltd is a private company limited by shares. The company was incorporated in the United Kingdom and is registered in England and Wales. The registration number is 13211666. The registered office address is 3rd Floor 45 Albemarle Street, Mayfair, London, England, W1S 4JL.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
FRACTION DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

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.

Page 4

 
FRACTION DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

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:

Plant and machinery
-
25%
Office equipment
-
25%
Computer equipment
-
25%

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.

 
2.8

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. 
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.

 
2.9

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.

 
2.10

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.

 
2.11

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

 
FRACTION DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted
Page 6

 
FRACTION DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 7

 
FRACTION DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Computer software

£



Cost


At 1 January 2024
13,525


Additions
10,264



At 31 December 2024

23,789



Amortisation


At 1 January 2024
6,409


Charge for the year on owned assets
4,929



At 31 December 2024

11,338



Net book value



At 31 December 2024
12,451



At 31 December 2023
7,116



Page 8

 
FRACTION DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
6,917
2,996
3,722
13,635



At 31 December 2024

6,917
2,996
3,722
13,635



Depreciation


At 1 January 2024
759
351
1,366
2,476


Charge for the year on owned assets
1,728
747
940
3,415



At 31 December 2024

2,487
1,098
2,306
5,891



Net book value



At 31 December 2024
4,430
1,898
1,416
7,744



At 31 December 2023
6,158
2,645
2,356
11,159


6.


Stocks

2024
2023
£
£

Stocks
80,000
65,133

80,000
65,133



7.


Debtors

2024
2023
£
£


Trade debtors
10,984
12,128

Other debtors
26,090
45,785

Prepayments and accrued income
7,509
75,555

44,583
133,468


Page 9

 
FRACTION DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
146,455
283,716

146,455
283,716



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
2,076
1,955

Trade creditors
60,065
74,621

Other taxation and social security
28,358
5,383

Other creditors
32,809
15,080

Accruals and deferred income
-
1,650

123,308
98,689



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
2,959
5,035

2,959
5,035


Page 10

 
FRACTION DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
2,076
1,955


2,076
1,955

Amounts falling due 1-2 years

Other loans
2,204
2,076


2,204
2,076

Amounts falling due 2-5 years

Other loans
755
2,959


755
2,959


5,035
6,990



12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,685,482 (2023 - 1,590,181) Ordinary shares of £0.000001 each
2
2

During the year 95,301 Ordinary shares with a nominal value of £0.000001 per share were allotted for the aggregate consideration of £296,975.



13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £2,757 (2023: £775). Contributions totalling £452 (2023: £1,809) were payable to the fund at the balance sheet date and are included in creditors.

Page 11

 
FRACTION DRINKS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

14.


Transactions with directors

During the year, advances were made to a director totalling £5,935 (2023: £1,360). There were repayments during the year of £437 (2023: £534).


15.


Related party transactions

At the year end, included within creditors due within one year is an amount owed by the company to the directors of £2,509 (2023: £2,307). 
At the year end, included within debtors due within one year is an amount owed to the company by the directors of £6,324 
(2023: £826).

Page 12