Gosnells Beverages Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08188344

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		78,179		83,050

			78,179		83,050
CURRENT ASSETS
Stocks	5	62,091		59,942
Debtors	6	152,770		50,095
Cash at bank and in hand		-		4

		214,861		110,041
Creditors: Amounts Falling Due Within One Year	7	(218,567 )		(166,411 )

NET CURRENT ASSETS (LIABILITIES)			(3,706 )		(56,370 )

TOTAL ASSETS LESS CURRENT LIABILITIES			74,473		26,680

Creditors: Amounts Falling Due After More Than One Year	8		(57,210 )		(70,311 )

NET ASSETS/(LIABILITIES)			17,263		(43,631 )

CAPITAL AND RESERVES
Called up share capital	9		68,810		62,105
Share premium account			2,313,816		1,879,879
Profit and Loss Account			(2,365,363 )		(1,985,615 )

SHAREHOLDERS' FUNDS			17,263		(43,631)

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Gosnells Beverages Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Thomas Gosnell

Director

18/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Gosnells Beverages Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08188344 . The registered office is 1st Floor Olympus House, Quedgeley, Gloucester, GL2 4NF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	33% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2023: 11)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	75,540	101,689	4,742	181,971
Additions	6,038	11,624	-	17,662
Disposals	-	(1,100 )	-	(1,100 )

As at 31 December 2024	81,578	112,213	4,742	198,533

...CONTINUED

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Gosnells Beverages Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	48,130	47,509	3,282	98,921
Provided during the period	6,978	13,968	487	21,433

As at 31 December 2024	55,108	61,477	3,769	120,354

Net Book Value
As at 31 December 2024	26,470	50,736	973	78,179

As at 1 January 2024	27,410	54,180	1,460	83,050

5. Stocks

	2024	2023
	£	£
Stock	62,091	59,942

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	131,846	30,401
Other debtors	20,924	19,694

	152,770	50,095

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	44,276	82,763
Bank loans and overdrafts	23,476	21,650
Other creditors	104,437	40,623
Taxation and social security	46,378	21,375

	218,567	166,411

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	26,888	33,656
Other creditors	30,322	36,655

	57,210	70,311

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	68,810	62,105

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