Big Dr1nks Ltd - Accounts

Big Dr1nks Ltd
Contents Page
For the year ended 31 December 2024

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

Big Dr1nks Ltd Accountants' Report For the year ended 31 December 2024
Accountants report You consider that the company is exempt from an audit for the year ended 31 December 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Forbes Watson Limited 31 December 2024 .................................................... Forbes Watson Limited The Old Bakery Green Street Lytham FY8 5LG 05 September 2025 1

Big Dr1nks Ltd
Accountants' Report
For the year ended 31 December 2024

Accountants report
You consider that the company is exempt from an audit for the year ended 31 December 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Forbes Watson Limited
31 December 2024

....................................................

Forbes Watson Limited
The Old Bakery
Green Street
Lytham
FY8 5LG
05 September 2025

1

Big Dr1nks Ltd
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Intangible fixed assets	3	139,982	105,821
Tangible fixed assets	4	87,728	32,185
		227,710	138,006
Current assets
Stocks		21,788	12,120
Debtors		63,155	54,828
Cash at bank and in hand		65,608	188,785
		150,551	255,733
Creditors: amount falling due within one year		(408,395)	(109,647)
Net current assets		(257,844)	146,086

Total assets less current liabilities		(30,134)	284,092
Provisions for liabilities		(1,056)	(880)
Net assets		(31,190)	283,212

Capital and reserves
Called up share capital		100	100
Revaluation Reserves		41,324	41,324
Profit and loss account		(72,614)	241,788
Shareholders' funds		(31,190)	283,212

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

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

The financial statements were approved by the board of directors on 05 September 2025 and were signed on its behalf by:

-------------------------------
Steve Quinn
Director

2

Big Dr1nks Ltd
Notes to the Abridged Financial Statements
For the year ended 31 December 2024

General Information

Big Dr1nks Ltd is a private company, limited by shares, registered in England and Wales, registration number 07733198, registration address The Old Bakery, Green Street, Lytham, FY8 5LG.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Development expenditures
Research and development expenditure is charged to the income statement in the period in which it is incurred. However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, development expenditure is deferred and amortised over years during which the company is expected to benefit.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	12.5% Reducing Balance
Motor Vehicles	25% Straight Line
Fixtures and Fittings	25% Straight Line
Computer Equipment	33% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 4 (2023 : 3).

3.

Intangible fixed assets

Cost	Research and Development	Patents	Total
	£	£	£
At 01 January 2024	4,850	100,971	105,821
Additions	26,633	7,528	34,161
Disposals	-	-	-
At 31 December 2024	31,483	108,499	139,982
Amortisation
At 01 January 2024	-	-	-
Charge for year	-	-	-
On disposals	-	-	-
At 31 December 2024	-	-	-
Net book values
At 31 December 2024	31,483	108,499	139,982
At 31 December 2023	4,850	100,971	105,821

4.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Investment properties	Total
	£	£	£	£	£	£
At 01 January 2024	393,121	12,250	24,590	3,069	6,275	439,305
Additions	28,694	52,490	120	1,850	-	83,154
Disposals	-	-	-	-	-	-
At 31 December 2024	421,815	64,740	24,710	4,919	6,275	522,459
Depreciation
At 01 January 2024	387,501	3,063	8,344	1,937	6,275	407,120
Charge for year	485	24,222	1,995	909	-	27,611
On disposals	-	-	-	-	-	-
At 31 December 2024	387,986	27,285	10,339	2,846	6,275	434,731
Net book values
Closing balance as at 31 December 2024	33,829	37,455	14,371	2,073	-	87,728
Opening balance as at 01 January 2024	5,620	9,187	16,246	1,132	-	32,185

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Registered Number: 07733198
England and Wales
Abridged Accounts

for the year ended 31 December 2024
for
BIG DR1NKS LTD