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REGISTERED NUMBER: 08724654 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

DRAGON SLAYER DISTILLERY LIMITED

DRAGON SLAYER DISTILLERY LIMITED (REGISTERED NUMBER: 08724654)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DRAGON SLAYER DISTILLERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTORS: P F Gibson
Miss Y P F Gibson





REGISTERED OFFICE: Spa Wells
Low Dinsdale
Neasham
Darlington
DL2 1PL





REGISTERED NUMBER: 08724654 (England and Wales)





ACCOUNTANTS: Baines Jewitt Limited
Chartered Accountants
Spitfire House
19 Falcon Court
Preston Farm Ind. Est.
Stockton-on-Tees
TS18 3TU

DRAGON SLAYER DISTILLERY LIMITED (REGISTERED NUMBER: 08724654)

ABRIDGED BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 32,895 34,516
Tangible assets 5 35,905 39,267
68,800 73,783

CURRENT ASSETS
Stocks 84,366 46,723
Debtors 19,215 15,276
Cash at bank and in hand 437 118
104,018 62,117
CREDITORS
Amounts falling due within one year 276,371 185,322
NET CURRENT LIABILITIES (172,353 ) (123,205 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(103,553

)

(49,422

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (103,653 ) (49,522 )
SHAREHOLDERS' FUNDS (103,553 ) (49,422 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

DRAGON SLAYER DISTILLERY LIMITED (REGISTERED NUMBER: 08724654)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 October 2023 and were signed on its behalf by:





P F Gibson - Director


DRAGON SLAYER DISTILLERY LIMITED (REGISTERED NUMBER: 08724654)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022


1. STATUTORY INFORMATION

Dragon Slayer Distillery 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% 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.


DRAGON SLAYER DISTILLERY LIMITED (REGISTERED NUMBER: 08724654)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1 November 2021 40,772
Additions 2,625
At 31 October 2022 43,397
AMORTISATION
At 1 November 2021 6,255
Amortisation for year 4,247
At 31 October 2022 10,502
NET BOOK VALUE

At 31 October 2022 32,895
At 31 October 2021 34,517

DRAGON SLAYER DISTILLERY LIMITED (REGISTERED NUMBER: 08724654)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 November 2021 39,267
Additions 2,850
At 31 October 2022 42,117
DEPRECIATION
Charge for year 6,212
At 31 October 2022 6,212
NET BOOK VALUE
At 31 October 2022 35,905
At 31 October 2021 39,267

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2022 and 31 October 2021:

2022 2021
£ £
P F Gibson
Balance outstanding at start of year (54,260 ) (53,000 )
Amounts repaid (214,650 ) (1,260 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (268,910 ) (54,260 )