Katies Fizz Shack Ltd iXBRL

Company Registration Number: 12829136

Katies Fizz Shack Ltd

Unaudited Financial Statements

for the financial year ended 31 August 2025

Katies Fizz Shack Ltd

Company Registration Number: 12829136

STATEMENT OF FINANCIAL POSITION

as at 31 August 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

2,101

258

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Current Assets

Inventories

500

500

Receivables

109

255

Cash and cash equivalents

─────────

657

841

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Payables: amounts falling due within one year

(3,424)

(7,079)

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Net Current Liabilities

(2,767)

(6,238)

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Total Assets less Current Liabilities

(666)

(5,980)

Payables:

amounts falling due after more than one year

(583)

Provisions for liabilities

(399)

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Net Liabilities

(1,648)

(5,980)

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Capital and Reserves

Called up share capital

Retained earnings

(1,650)

(5,982)

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Equity attributable to owners of the company

(1,648)

(5,980)

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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 19 May 2026 and signed on its behalf by



________________________________
Mr Nicholas James Pell
Director

Katies Fizz Shack Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 August 2025

General Information

Katies Fizz Shack Ltd is a company limited by shares incorporated and registered in England. The registered number of the company is 12829136. The registered office of the company is The Oast, EMR Centre, New Road, East Malling, Kent, ME19 6BJ. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 August 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable in respect of alcohol retail.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

25% Straight line

Computer Equipment

25% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories

Inventories are valued at the lower of cost and net realisable value. Inventories are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Employees

The average monthly number of employees, including directors, during the financial year was 2, (2024 - 2).

2025

2024

Number

Number

Average number of persons employed

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4.	Property, plant and equipment
		Plant and	Computer	Total
		machinery	Equipment

		£	£	£
	Cost
	At 1 September 2024	7,516	-	7,516
	Additions	2,000	188	2,188
		─────────	─────────	─────────
	At 31 August 2025	9,516	188	9,704
		─────────	─────────	─────────
	Depreciation
	At 1 September 2024	7,258	-	7,258
	Charge for the financial year	337	8	345
		─────────	─────────	─────────
	At 31 August 2025	7,595	8	7,603
		─────────	─────────	─────────
	Net book value
	At 31 August 2025	1,921	180	2,101
		═════════	═════════	═════════
	At 31 August 2024	258	-	258
		═════════	═════════	═════════


5.	Inventories	2025	2024
		£	£

	Stock	500	500
		═════════	═════════


6.	Receivables	2025	2024
		£	£

	Other debtors	-	211
	Prepayments and accrued income	109	44
		─────────	─────────
		109	255
		═════════	═════════


7.	Payables	2025	2024
	Amounts falling due within one year	£	£

	Loan	1,000	-
	Taxation	684	219
	Other creditors	1,065	6,185
	Accruals	675	675
		─────────	─────────
		3,424	7,079
		═════════	═════════


8.	Payables	2025	2024
	Amounts falling due after more than one year	£	£

	Loan	583	-
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 7)	1,000	-
	Repayable between one and two years	583	-
		─────────	─────────
		1,583	-
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

Charged to profit and loss

399

399

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At financial year end

399

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