REGISTERED NUMBER: 04185433 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PROPHETTS SOFT DRINKS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Prophett

Mrs J O Prophett

SECRETARY:

Mrs J O Prophett

REGISTERED OFFICE:

South Stour Offices

South Stour Road

Mersham

Ashford

Kent

TN25 7HS

REGISTERED NUMBER:

04185433 (England and Wales)

ACCOUNTANTS:

Cassidys Chartered Accountants

South Stour Offices

South Stour Road

Mersham

Ashford

Kent

TN25 7HS

FIXED ASSETS

Tangible assets

4

6,166

15,369

CURRENT ASSETS

Stocks

3,469

4,176

Debtors

5

31,151

18,358

Cash at bank and in hand

84

3,188

34,704

25,722

CREDITORS

Amounts falling due within one year

6

237,595

243,461

NET CURRENT LIABILITIES

(202,891

)

(217,739

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(196,725

)

(202,370

)

CREDITORS

Amounts falling due after more than one year

7

1,769

12,232

NET LIABILITIES

(198,494

)

(214,602

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(198,496

)

(214,604

)

SHAREHOLDERS' FUNDS

(198,494

)

(214,602

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

M Prophett - Director

1.	STATUTORY INFORMATION

Prophetts Soft Drinks Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

During the year the company made a profit of £16,318 (2024: £462) and at the balance sheet date had net liabilities of £198,284 (2024 - £214,602). These financial statement have been prepared on a going concern basis which assumes continuing support from the company' directors and bankers.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

276

8,380

40,898

49,554

Additions

547

142

350

1,039

Disposals

-

-

(21,244

)

(21,244

)

At 31 March 2025

823

8,522

20,004

29,349

DEPRECIATION

At 1 April 2024

239

6,413

27,533

34,185

Charge for year

116

421

1,003

1,540

Eliminated on disposal

-

-

(12,542

)

(12,542

)

At 31 March 2025

355

6,834

15,994

23,183

NET BOOK VALUE

At 31 March 2025

468

1,688

4,010

6,166

At 31 March 2024

37

1,967

13,365

15,369

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

21,244

Disposals

(21,244

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

12,542

Eliminated on disposal

(12,542

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

8,702

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

30,585

18,093

Other debtors

566

265

31,151

18,358

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

21,211

15,178

Hire purchase contracts

-

2,502

Trade creditors

38,426

40,984

Taxation and social security

2,364

2,724

Other creditors

175,594

182,073

237,595

243,461

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,769

12,232

Bank loans and overdrafts are secured against the company's assets, and directors personal guarantees.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

1

2

2

9.	RELATED PARTY DISCLOSURES

Mr M Prophett and Mrs J Prophett - Directors and Shareholders

At the balance sheet date Prophetts Soft Drinks Limited owed Mr and Mrs Prophett £172,516 (2024 - £179,130)

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who between them own 100% of the issued share capital.