COUNTER CULTURE DRINKS LTD


Directors	MCDOWELL, Harry
	SMART, Tom


Registered Address	Unit 1 St Catherines Trading Estate
	Whitehouse Lane
	Bristol
	BS3 4DJ


Registered Number	13509128 (England and Wales)

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		3,155		3,155
Tangible assets	4		58,701		48,384
			61,856		51,539
Current assets
Stocks	5	29,139		17,300
Debtors		36,073		11,591
Cash at bank and on hand		8,218		829
		73,430		29,720
Creditors amounts falling due within one year	6	(217,120)		(27,456)
Net current assets (liabilities)			(143,690)		2,264
Total assets less current liabilities			(81,834)		53,803
Creditors amounts falling due after one year	7		(250,000)		(250,000)
Net assets			(331,834)		(196,197)
Capital and reserves
Called up share capital			3		2
Share premium			1,359		1,358
Profit and loss account			(333,196)		(197,557)
Shareholders' funds			(331,834)		(196,197)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 September 2025, and are signed on its behalf by:

SMART, Tom
Director
Registered Company No. 13509128

COUNTER CULTURE DRINKS LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The company continues to adopt the going concern basis in preparing its financial statements.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	5
	Fixtures and fittings	5
	Vehicles	5
	Office Equipment	3

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	4		3

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 24	3,155	3,155
At 31 December 24	3,155	3,155
Net book value
At 31 December 24	3,155	3,155
At 31 December 23	3,155	3,155

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	-	48,296	30,990	1,232	80,518
Additions	2,523	26,686	-	1,294	30,503
At 31 December 24	2,523	74,982	30,990	2,526	111,021
Depreciation and impairment
At 01 January 24	-	18,273	13,429	432	32,134
Charge for year	2,102	11,439	6,198	447	20,186
At 31 December 24	2,102	29,712	19,627	879	52,320
Net book value
At 31 December 24	421	45,270	11,363	1,647	58,701
At 31 December 23	-	30,023	17,561	800	48,384

5.	Stocks

	2024	2023
	£	£
Other stocks	29,139	17,300
Total	29,139	17,300

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	61,669	3,156
Taxation and social security	2,447	2,058
Other creditors	152,419	21,657
Accrued liabilities and deferred income	585	585
Total	217,120	27,456


	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.

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Amounts owed to related parties	250,000	250,000
Total	250,000	250,000


	Unsecured, interest-free loan notes of £250,000 (2023: £250,000) are outstanding. The notes are repayable in full on 1 January 2030, unless redeemed earlier at the company's option.

8.	Related party transactions
	At the year end the company owed £250,000 (2023: £250,000) to Tom Smart, a director, in respect of unsecured, interest-free loan notes repayable by 1 January 2030.