Better Tasting Drinks Co. Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09697717

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		133		411
Tangible Assets	5		218,933		306,916

			219,066		307,327
CURRENT ASSETS
Stocks	6	147,198		104,401
Debtors	7	212,159		237,428
Cash at bank and in hand		834,044		638,372

		1,193,401		980,201
Creditors: Amounts Falling Due Within One Year	8	(294,245 )		(262,132 )

NET CURRENT ASSETS (LIABILITIES)			899,156		718,069

TOTAL ASSETS LESS CURRENT LIABILITIES			1,118,222		1,025,396

Creditors: Amounts Falling Due After More Than One Year	9		(33,000 )		(44,000 )

NET ASSETS			1,085,222		981,396

CAPITAL AND RESERVES
Called up share capital	10		2,574		1,502
Share premium account			6,711,974		5,595,191
Profit and Loss Account			(5,629,326 )		(4,615,297 )

SHAREHOLDERS' FUNDS			1,085,222		981,396

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Better Tasting Drinks Co. Limited

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

Ms L Avery

Director

30/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Better Tasting Drinks Co. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09697717 . The registered office is Timsons Business Centre, Bath Road, Kettering, NN16 8NQ.

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. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are trademark costs. They are amortised to profit and loss account over its estimated economic life of 5 years.

2.5. 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:

Leasehold	20% Straight line
Plant & Machinery	20% Straight line

2.6. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.7. 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.

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Better Tasting Drinks Co. Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.10. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.11. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.12. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was 15 (2023: 17)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	1,386

As at 31 December 2024	1,386

Amortisation
As at 1 January 2024	975
Provided during the period	278

As at 31 December 2024	1,253

Net Book Value
As at 31 December 2024	133

As at 1 January 2024	411

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 January 2024	188,753	484,653	673,406
Additions	-	28,743	28,743

As at 31 December 2024	188,753	513,396	702,149

...CONTINUED

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Better Tasting Drinks Co. Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	117,529	248,961	366,490
Provided during the period	34,174	82,552	116,726

As at 31 December 2024	151,703	331,513	483,216

Net Book Value
As at 31 December 2024	37,050	181,883	218,933

As at 1 January 2024	71,224	235,692	306,916

6. Stocks

	2024	2023
	£	£
Stock -materials and finished goods	147,198	104,401

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	136,080	158,951
Prepayments and accrued income	26,881	10,156
Other debtors	39,784	39,784
VAT	9,414	28,537

	212,159	237,428

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	196,389	169,810
Bank loans and overdrafts	11,000	33,000
Other taxes and social security	9,047	12,009
Other creditors	37,227	33,680
Accruals and deferred income	40,582	13,633

	294,245	262,132

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

	2024	2023
	£	£
Bank loans	33,000	44,000

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2,574	1,502

Following on from winning a number of significant new customers and continued support from existing and new shareholders, the company secured £1,149,243 of new funding through the issue of 1,072,290 Ordinary Shares of £0.001 each.

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Better Tasting Drinks Co. Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

11. Contingent Liabilities

In September 2019 the company set up an Enterprise Management Incentive Scheme. In that month the company granted options on shares to four employees totalling 48,000 £0.001 Ordinary shares at an exercise price of £5.37 per share.

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases is £40,605 (2023: £82,913).

	2024	2023
	£	£
Not later than one year	35,493	35,493
Later than one year and not later than five years	5,112	47,420

	40,605	82,913

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