REGISTERED NUMBER: 07184779 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Demon Drinks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S G Murray

D Murray

D Morgan

REGISTERED OFFICE:

63 Quarry Dale

Rumney

Cardiff

South Glamorgan

CF3 3BQ

REGISTERED NUMBER:

07184779 (England and Wales)

ACCOUNTANTS:

Quiff Accountancy Limited

32 Rhodfa Mes

Broadlands

Bridgend

Mid Glamorgan

CF31 5BF

BANKERS:

Lloyds TSB

Queen Street

Cardiff

South Glamorgan

FIXED ASSETS

Tangible assets

4

467,369

429,276

CURRENT ASSETS

Stocks

84,326

89,570

Debtors

5

86,752

102,956

Cash at bank

2,286

16,313

173,364

208,839

CREDITORS

Amounts falling due within one year

6

355,281

333,363

NET CURRENT LIABILITIES

(181,917

)

(124,524

)

TOTAL ASSETS LESS CURRENT LIABILITIES

285,452

304,752

CREDITORS

Amounts falling due after more than one year

7

113,015

122,937

NET ASSETS

172,437

181,815

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

172,337

181,715

SHAREHOLDERS' FUNDS

172,437

181,815

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

S G Murray - Director

1.	STATUTORY INFORMATION

Demon 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.

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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. 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 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

770,686

Additions

156,298

At 31 March 2025

926,984

DEPRECIATION

At 1 April 2024

341,410

Charge for year

118,205

At 31 March 2025

459,615

NET BOOK VALUE

At 31 March 2025

467,369

At 31 March 2024

429,276

Included within the net book value of £467,369 (2014-£429,276) is £140,645 (2015-£148,646) relating to assets held under hire purchase agreements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

82,225

101,056

Other debtors

4,527

1,900

86,752

102,956

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

36,959

29,397

Trade creditors

132,499

119,451

Amounts owed to group undertakings

18,000

-

Taxation and social security

31,826

30,487

Other creditors

135,997

154,028

355,281

333,363

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

113,015

122,937

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

149,974

152,334

The loan in respect of the hire purchase agreements which are secured against the assets to which they relate.

9.	OTHER FINANCIAL COMMITMENTS

The company rents storage space on a rolling one month lease. This can be relinquished by either side with 30 days notice.

10.	RELATED PARTY DISCLOSURES

During the year the company paid £45,000 (2024-£40,000) on the A ordinary shares and £Nil (2024-£1,000) on the B Ordinary Shares,

11.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of it's director, Mr S Murray, by virtue of his 85% shareholding.