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REGISTERED NUMBER: SC628453 (Scotland)















Cairngorm Gin Company Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024






Cairngorm Gin Company Ltd (Registered number: SC628453)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Cairngorm Gin Company Ltd

Company Information
for the year ended 30 April 2024







DIRECTORS: Mr A Smith
Mr J Smith





REGISTERED OFFICE: Caralan
Carr Road
Carrbridge
Highland
PH23 3AD





REGISTERED NUMBER: SC628453 (Scotland)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

Cairngorm Gin Company Ltd (Registered number: SC628453)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 51,991 57,136
Tangible assets 5 52,216 49,166
104,207 106,302

CURRENT ASSETS
Stocks 45,607 39,491
Debtors 6 10,579 11,135
Cash at bank and in hand 8,832 16,597
65,018 67,223
CREDITORS
Amounts falling due within one year 7 104,365 108,300
NET CURRENT LIABILITIES (39,347 ) (41,077 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,860

65,225

CREDITORS
Amounts falling due after more than one
year

8

7,500

12,500
NET ASSETS 57,360 52,725

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 7,360 2,725
57,360 52,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Cairngorm Gin Company Ltd (Registered number: SC628453)

Balance Sheet - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mr J Smith - Director


Cairngorm Gin Company Ltd (Registered number: SC628453)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Cairngorm Gin Company Ltd 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.

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.

Computer software is being amortised evenly over its estimated useful life of five 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 - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% 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 Statement of Income and Retained Earnings, 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.


Cairngorm Gin Company Ltd (Registered number: SC628453)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

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.

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.

Going concern
The financial statements have been prepared on a going concern basis, the validity of which is dependent upon the continuing financial support of the company's directors and creditors. The directors of the company have confirmed this support will continue, and will enable the company to trade in the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST
At 1 May 2023 77,544 10,800 88,344
Additions - 5,400 5,400
At 30 April 2024 77,544 16,200 93,744
AMORTISATION
At 1 May 2023 22,568 8,640 31,208
Amortisation for year 7,755 2,790 10,545
At 30 April 2024 30,323 11,430 41,753
NET BOOK VALUE
At 30 April 2024 47,221 4,770 51,991
At 30 April 2023 54,976 2,160 57,136

Cairngorm Gin Company Ltd (Registered number: SC628453)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 74,151 - - 74,151
Additions 3,416 9,800 934 14,150
At 30 April 2024 77,567 9,800 934 88,301
DEPRECIATION
At 1 May 2023 24,985 - - 24,985
Charge for year 10,313 653 134 11,100
At 30 April 2024 35,298 653 134 36,085
NET BOOK VALUE
At 30 April 2024 42,269 9,147 800 52,216
At 30 April 2023 49,166 - - 49,166

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,637 9,892
Other debtors 942 1,243
10,579 11,135

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 4,436 9,844
Taxation and social security 2,379 274
Other creditors 92,550 93,182
104,365 108,300

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,500 12,500