REGISTERED NUMBER: 11672026 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Global Drinks Intelligence Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms C Wake-Walker

W P Smith

A V S Smith

REGISTERED OFFICE:

Suite C

2 North Street

Dorking

Surrey

RH4 1DN

REGISTERED NUMBER:

11672026 (England and Wales)

ACCOUNTANTS:

Mapperson Price, Chartered Accountants

Suite C

2 North Street

Dorking

Surrey

RH4 1DN

CURRENT ASSETS

Debtors

4

55,060

54,389

Cash at bank and in hand

2,681

26,474

57,741

80,863

CREDITORS

Amounts falling due within one year

5

93,847

85,091

NET CURRENT LIABILITIES

(36,106

)

(4,228

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(36,106

)

(4,228

)

CREDITORS

Amounts falling due after more than one year

6

330,429

261,649

NET LIABILITIES

(366,535

)

(265,877

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

14,850

14,850

Retained earnings

(382,385

)

(281,727

)

(366,535

)

(265,877

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

A V S Smith - Director

1.	STATUTORY INFORMATION

Global Drinks Intelligence Ltd 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.

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.

The accounts have been prepared on a going concern basis on the basis of support from the long term shareholder loan. No repayments will be made on this loan until the company is in a viable financial position.

Turnover

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

52,380

50,467

Other debtors

2,680

3,922

55,060

54,389

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

6,443

6,313

Trade creditors

5,362

9,482

Taxation and social security

6,905

6,827

Other creditors

75,137

62,469

93,847

85,091

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

28,455

34,675

Other creditors

301,974

226,974

330,429

261,649

Bank loans comprise Bounce Back Loans drawn in May and November 2020. Repayments commenced during 2023. Shareholder loans are provided to support the company on a long term basis and have no fixed repayment arrangements. Interest on shareholder loans is waived in the current period.