Jim & Tonic Limited

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

Registered number: 10044474

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,118,112		1,105,863
Investments	5		30		30

			1,118,142		1,105,893
CURRENT ASSETS
Stocks	6	315,862		237,735
Debtors	7	822,720		330,092
Cash at bank and in hand		8,308		43,057

		1,146,890		610,884
Creditors: Amounts Falling Due Within One Year	8	(1,515,233 )		(961,110 )

NET CURRENT ASSETS (LIABILITIES)			(368,343 )		(350,226 )

TOTAL ASSETS LESS CURRENT LIABILITIES			749,799		755,667

Creditors: Amounts Falling Due After More Than One Year	9		(362,200 )		(385,029 )

NET ASSETS			387,599		370,638

CAPITAL AND RESERVES
Called up share capital	11		2,001		2,001
Revaluation reserve	13		39,046		39,046
Profit and Loss Account			346,552		329,591

SHAREHOLDERS' FUNDS			387,599		370,638

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Jim & Tonic 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

Mr John Mark

Director

30/09/2025

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

1. General Information

Jim & Tonic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10044474 . The registered office is C/O Connected Accounting, 2 Victoria Square, Victoria Street, St. Albans, Hertfordshire, AL1 3TF.

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 identified that there is a deficit on the current net assets and liabilities due to the upcoming requirement to refinance the borrowings of the business. The directors believe that this will be achieved and that the company has sufficient cashflows to justify that the going concern basis remains appropriate.

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. 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	8 years on cost
Plant & Machinery	3-4 years on cost
Motor Vehicles	5 years on cost
Computer Equipment	3 years on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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

2.6. 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.

2.7. 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.

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Jim & Tonic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 30 (2023: 20)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	1,055,750	207,141	9,467	1,272,358
Additions	54,698	-	-	54,698

As at 31 December 2024	1,110,448	207,141	9,467	1,327,056

Depreciation
As at 1 January 2024	125,133	36,672	4,690	166,495
Provided during the period	34,804	6,690	955	42,449

As at 31 December 2024	159,937	43,362	5,645	208,944

Net Book Value
As at 31 December 2024	950,511	163,779	3,822	1,118,112

As at 1 January 2024	930,617	170,469	4,777	1,105,863

5. Investments

	Unlisted
	£
Cost
As at 1 January 2024	30

As at 31 December 2024	30

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	30

As at 1 January 2024	30

Investment is held in Hejlo Limited, incorporated in England & Wales (copmany number 13352544), a dormant company, with registered address of 53 Rodney Road, SE17 1BA.

6. Stocks

	2024	2023
	£	£
Materials	315,862	237,735

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Jim & Tonic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	202,632	148,637
Prepayments and accrued income	365,996	28,408
Other debtors	254,092	153,047

	822,720	330,092

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	1,568	13,037
Trade creditors	289,899	452,086
Bank loans and overdrafts	582,810	327,043
Other taxes and social security	26,439	58,779
VAT	94,407	101,618
Other creditors	500,281	3,015
Accruals and deferred income	19,829	5,532

	1,515,233	961,110

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

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	18,355
Bank loans	162,200	34,334
Other taxes and social security	-	37,047
Other creditors	200,000	295,293

	362,200	385,029

10. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	1,568	13,037
Later than one year and not later than five years	-	18,355

	1,568	31,392

	1,568	31,392

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2,001	2,001

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Jim & Tonic Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Contingent Liabilities

	2024	2023
	£	£
At the end of the period	240,000	-

There is a disputed set of facts with a former utilities provider which the directors do not believe will be payable. The liability is not subject to litigation at the date of this report, but may be subject to litigation in the future.

13. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	39,046

As at 31 December 2024	39,046

14. Related Party Transactions

An interest free loan was outstanding at the reporting date of £200,000 (2023: £250,000).

15. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking and controlling party is German Kraft Brewing Limited (10797599) . German Kraft Brewing Limited (10797599) was incorporated in England & Wales. Exemption from consolidation is claimed under S.399 of Companies Act 2006 and Section 9.3 of FRS 102 Section 1A.

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