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BURNOBENNIE DISTILLERY LIMITED

Registered Number
SC645313
(Scotland)

Unaudited Financial Statements for the Year ended
31 July 2023

BURNOBENNIE DISTILLERY LIMITED
Company Information
for the year from 1 August 2022 to 31 July 2023

Directors

AITKEN, William John Scott
MCLEOD, Stuart David
RITCHIE, Samuel Smith

Registered Address

Marywell Commercial Park
Portlethen
Aberdeen
AB12 4SB

Registered Number

SC645313 (Scotland)
BURNOBENNIE DISTILLERY LIMITED
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3533,603914,031
Investments4205,620-
739,223914,031
Current assets
Stocks52,019,8951,166,560
Debtors187,134419,546
Current asset investments650,00050,000
Cash at bank and on hand9,84821,081
2,266,8771,657,187
Creditors amounts falling due within one year7(959,499)(189,622)
Net current assets (liabilities)1,307,3781,467,565
Total assets less current liabilities2,046,6012,381,596
Creditors amounts falling due after one year8(1,121,369)(1,435,219)
Provisions for liabilities10(96,394)(173,666)
Net assets828,838772,711
Capital and reserves
Called up share capital200,000200,000
Profit and loss account628,838572,711
Shareholders' funds828,838772,711
The financial statements were approved and authorised for issue by the Board of Directors on 31 July 2024, and are signed on its behalf by:
AITKEN, William John Scott
Director
Registered Company No. SC645313
BURNOBENNIE DISTILLERY LIMITED
Notes to the Financial Statements
for the year ended 31 July 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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 by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Fixtures and fittings4
Vehicles4
Office Equipment4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year56
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 August 22973,487152,821179,50642,5531,348,367
Additions73,955---73,955
Disposals(30,540)-(172,500)-(203,040)
At 31 July 231,016,902152,8217,00642,5531,219,282
Depreciation and impairment
At 01 August 22332,40338,20545,11018,618434,336
Charge for year254,22538,2051,75110,622304,803
On disposals(10,335)-(43,125)-(53,460)
At 31 July 23576,29376,4103,73629,240685,679
Net book value
At 31 July 23440,60976,4113,27013,313533,603
At 31 July 22641,084114,616134,39623,935914,031
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
Additions205,620205,620
At 31 July 23205,620205,620
Net book value
At 31 July 23205,620205,620
At 31 July 22--

Notes

1Other investments other than loans
5.Stocks

2023

2022

££
Raw materials and consumables2,019,8951,166,560
Total2,019,8951,166,560
6.Current asset investments
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables305,711126,836
Taxation and social security146,20560,419
Other creditors75,800-
Accrued liabilities and deferred income431,7832,367
Total959,499189,622
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.
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts40,15344,500
Other creditors1,081,2161,390,719
Total1,121,3691,435,219
9.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts217,017258,053
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)96,394173,666
Total96,394173,666