REGISTERED NUMBER: 07439914 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

THINK DRINKS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M S Vowles

J Collins

G A Trujillo

M J W Thorne

T A Batlle

REGISTERED OFFICE:

65 Whiteladies Road

Bristol

BS8 2LY

REGISTERED NUMBER:

07439914 (England and Wales)

ACCOUNTANTS:

Gravita

Chartered Accountants

6-8 Bath Street

Bristol

BS1 6HL

FIXED ASSETS

Intangible assets

4

47

19

Tangible assets

5

575

557

Investments

6

250

250

872

826

CURRENT ASSETS

Stocks

499

351

Debtors

7

715

580

Cash at bank

347

337

1,561

1,268

CREDITORS

Amounts falling due within one year

8

(1,456

)

(1,010

)

NET CURRENT ASSETS

105

258

TOTAL ASSETS LESS CURRENT LIABILITIES

977

1,084

CREDITORS

Amounts falling due after more than one year

9

(134

)

(283

)

PROVISIONS FOR LIABILITIES

11

(123

)

(82

)

NET ASSETS

720

719

CAPITAL AND RESERVES

Called up share capital

12

-

-

Share premium

321

321

Retained earnings

399

398

SHAREHOLDERS' FUNDS

720

719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

J Collins - Director

1.	COMPANY INFORMATION

Think Drinks Limited 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.

The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £'000.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below:

Going concern

The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information including annual budgets and future cash-flows in making their assessment. Based on these assessments, given the measures that could be undertaken, and current resources available, the directors have concluded that they are able to continue to adopt the going concern basis in prepared the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Goodwill

Goodwill has been fully amortised over a 10 year period following the acquisition of a business in 2011.

After initial recognition, goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses. Impairment reviews are carried out annually.

Intangible assets

Intangible assets relate to capitalised trademark costs and website development costs. They are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation. These costs will be amortised over their useful economic life of five years. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Impairment reviews are carried out annually.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

20% on cost

Plant and machinery

-

15% on reducing balance

Computer software & equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account 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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. The assets of the scheme are held separately from those of the company in an independently administered fund.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£'000

£'000

£'000

COST

At 1 April 2024

102

27

129

Additions

-

37

37

At 31 March 2025

102

64

166

AMORTISATION

At 1 April 2024

102

8

110

Charge for year

-

9

9

At 31 March 2025

102

17

119

NET BOOK VALUE

At 31 March 2025

-

47

47

At 31 March 2024

-

19

19

5.	TANGIBLE FIXED ASSETS

Computer

Leasehold

Plant and

software

improvements

machinery

& equipment

Totals

£'000

£'000

£'000

£'000

COST

At 1 April 2024

87

989

58

1,134

Additions

17

134

10

161

Disposals

-

(91

)

-

(91

)

At 31 March 2025

104

1,032

68

1,204

DEPRECIATION

At 1 April 2024

32

507

38

577

Charge for year

17

78

12

107

Eliminated on disposal

-

(55

)

-

(55

)

At 31 March 2025

49

530

50

629

NET BOOK VALUE

At 31 March 2025

55

502

18

575

At 31 March 2024

55

482

20

557

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£'000

COST

At 1 April 2024

and 31 March 2025

250

NET BOOK VALUE

At 31 March 2025

250

At 31 March 2024

250

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£'000

£'000

Trade debtors

662

563

Amounts owed by group undertakings

25

-

Prepayments

28

17

715

580

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£'000

£'000

Bank loans and overdrafts

95

89

Other loans

56

53

Hire purchase contracts (see note 10)

2

2

Trade creditors

1,029

704

Amounts owed to group undertakings

-

14

Social security and other taxes

18

33

Pensions payable

-

2

VAT

68

1

Other creditors

112

59

Accruals & deferred income

76

53

1,456

1,010

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£'000

£'000

Bank loans - 1-2 years

70

95

Bank loans - 2-5 years

-

70

Other loans

50

57

Other loans - 2-5 years

-

45

Hire purchase contracts (see note 10)

14

16

134

283

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£'000

£'000

Net obligations repayable:

Within one year

2

2

Between one and five years

14

16

16

18

Non-cancellable

operating leases

2025

2024

£'000

£'000

Within one year

29

55

Between one and five years

21

28

50

83

11.	PROVISIONS FOR LIABILITIES

2025

2024

£'000

£'000

Deferred tax

Accelerated capital allowances

141

121

Tax losses carried forward

(18

)

(39

)

123

82

Deferred

tax

£'000

Balance at 1 April 2024

82

Charge to Profit and Loss Account during year

41

Balance at 31 March 2025

123

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

16,029

Ordinary 1p

1p

160

160

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	ULTIMATE CONTROLLING PARTY

The company has no controlling party.