G M Drinks Limited - Filleted accounts

Registered number

08315178

G M Drinks Limited

Filleted Accounts

31 December 2025

G M Drinks Limited
Registered number:		08315178
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Current assets
Stocks		140,980			226,882
Debtors	3	418,318			609,163
Cash at bank and in hand		142,985			106,590
		702,283			942,635

Creditors: amounts falling due within one year	4	(429,983)			(632,603)

Net current assets			272,300			310,032

Total assets less current liabilities			272,300			310,032

Creditors: amounts falling due after more than one year	5		-			(5,286)



Net assets			272,300			304,746

Capital and reserves
Called up and fully paid share capital			100			100
Profit and loss account			272,200			304,646

Shareholders' funds			272,300			304,746

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M Patch
Director
Approved by the board and authorised for issue on 17 July 2026

G M Drinks Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 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 when the service has been provided.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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.

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


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	1		0


3	Debtors	2025		2024
£			£

	Trade debtors	395,967		605,328
	Other debtors	22,351		3,835
		418,318		609,163


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Bank loans and overdrafts	5,286		10,375
	Trade creditors	301,413		474,865
	Taxation and social security costs	54,711		100,803
	Other creditors	68,573		46,560
		429,983		632,603


5	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	-		5,286


6	Other information

	G M Drinks Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
	The Old School House
	West Street
	Southwick
	Hampshire
	PO17 6EA