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REGISTERED NUMBER: 12346887 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 December 2023

for

Lazydog Distillery Ltd

Lazydog Distillery Ltd (Registered number: 12346887)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lazydog Distillery Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M W Thompson
Mrs L J Thompson





REGISTERED OFFICE: Unit R Hall Farm
Ashby Road
Coleorton
Leicestershire
LE67 8FB





REGISTERED NUMBER: 12346887 (England and Wales)





ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB

Lazydog Distillery Ltd (Registered number: 12346887)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,763 20,205

CURRENT ASSETS
Stocks 11,784 8,123
Debtors 5 1,075 699
Cash at bank 36,331 22,376
49,190 31,198
CREDITORS
Amounts falling due within one year 6 45,046 46,320
NET CURRENT ASSETS/(LIABILITIES) 4,144 (15,122 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,907

5,083

CREDITORS
Amounts falling due after more than one
year

7

(8,641

)

(12,539

)

PROVISIONS FOR LIABILITIES (3,565 ) (3,839 )
NET ASSETS/(LIABILITIES) 10,701 (11,295 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 10,699 (11,297 )
SHAREHOLDERS' FUNDS 10,701 (11,295 )

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

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

Lazydog Distillery Ltd (Registered number: 12346887)

Statement of Financial Position - continued
31 December 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 18 September 2024 and were signed on its behalf by:





M W Thompson - Director


Lazydog Distillery Ltd (Registered number: 12346887)

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

1. STATUTORY INFORMATION

Lazydog Distillery Ltd 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.

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.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

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.

Loans from directors
Any loans from the Director's to the company are interest free and repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Lazydog Distillery Ltd (Registered number: 12346887)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 15,295 16,500 - 31,795
Additions 3,830 - 233 4,063
At 31 December 2023 19,125 16,500 233 35,858
DEPRECIATION
At 1 January 2023 7,465 4,125 - 11,590
Charge for year 2,333 3,094 78 5,505
At 31 December 2023 9,798 7,219 78 17,095
NET BOOK VALUE
At 31 December 2023 9,327 9,281 155 18,763
At 31 December 2022 7,830 12,375 - 20,205

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 654 239
Prepayments 421 460
1,075 699

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,007 4,007
Directors' current accounts 40,156 41,472
Accrued expenses 883 841
45,046 46,320

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 4,007 4,007
Bank loans - 2-5 years 4,634 8,532
8,641 12,539

Lazydog Distillery Ltd (Registered number: 12346887)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2