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REGISTERED NUMBER: SC427805 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Whisky Trail Limited

Whisky Trail Limited (Registered number: SC427805)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Whisky Trail Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: G Singh Landa
B Singh





REGISTERED OFFICE: 174 High Street
Edinburgh
EH1 1QS





REGISTERED NUMBER: SC427805 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Whisky Trail Limited (Registered number: SC427805)

Statement of Financial Position
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,200 10,800
Property, plant and equipment 5 45,258 40,191
52,458 50,991

CURRENT ASSETS
Inventories 678,350 580,278
Debtors 6 621,226 622,091
Cash at bank and in hand 54,810 8,440
1,354,386 1,210,809
CREDITORS
Amounts falling due within one year 7 516,569 674,593
NET CURRENT ASSETS 837,817 536,216
TOTAL ASSETS LESS CURRENT
LIABILITIES

890,275

587,207

CREDITORS
Amounts falling due after more than one
year

8

(186,667

)

(266,667

)

PROVISIONS FOR LIABILITIES (9,000 ) (1,500 )
NET ASSETS 694,608 319,040

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 694,508 318,940
SHAREHOLDERS' FUNDS 694,608 319,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Whisky Trail Limited (Registered number: SC427805)

Statement of Financial Position - continued
31 January 2023


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 12 October 2023 and were signed on its behalf by:





B Singh - Director


Whisky Trail Limited (Registered number: SC427805)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Whisky Trail Limited is a private company, limited by shares , registered in Scotland. 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.

The company has a strong balance sheet and the directors are constantly monitoring the situation carefully over this difficult time.The directors believe that it remains appropriate to prepare the financial statements on a going concern basis.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Lease premiums are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property improvements - 15% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Stocks
Inventories 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 statement of financial position date.


Whisky Trail Limited (Registered number: SC427805)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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 30 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2022
and 31 January 2023 18,000
AMORTISATION
At 1 February 2022 7,200
Charge for year 3,600
At 31 January 2023 10,800
NET BOOK VALUE
At 31 January 2023 7,200
At 31 January 2022 10,800

Whisky Trail Limited (Registered number: SC427805)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 February 2022 121,514
Additions 24,258
At 31 January 2023 145,772
DEPRECIATION
At 1 February 2022 81,323
Charge for year 19,191
At 31 January 2023 100,514
NET BOOK VALUE
At 31 January 2023 45,258
At 31 January 2022 40,191

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors - 16,300
Amounts owed by associates 369,302 419,854
Other debtors 251,924 185,937
621,226 622,091

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 80,000 151,376
Trade creditors 104,793 256,895
Amounts owed to associates 22,365 22,365
Taxation and social security 242,543 118,977
Other creditors 66,868 124,980
516,569 674,593

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 186,667 266,667

Whisky Trail Limited (Registered number: SC427805)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank overdraft - 71,376
Bank loans 266,667 346,667
266,667 418,043

The Royal Bank of Scotland has a floating charge covering all the property or undertaking of the company.

10. ULTIMATE CONTROLLING PARTY

The Directors, as listed on Page 1, control the entity by virtue of their combined 100% shareholding.