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REGISTERED NUMBER: SC557347 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

WEST HIGHLAND BREWERIES LIMITED

WEST HIGHLAND BREWERIES LIMITED (REGISTERED NUMBER: SC557347)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST HIGHLAND BREWERIES LIMITED

COMPANY INFORMATION
For The Year Ended 29 February 2024







DIRECTORS: Ms L A Hicks
I P Macdonald





REGISTERED OFFICE: Tirindrish Steading
SPEAN BRIDGE
PH34 4EU





REGISTERED NUMBER: SC557347 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

WEST HIGHLAND BREWERIES LIMITED (REGISTERED NUMBER: SC557347)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,596 8,245
Tangible assets 5 48,798 55,860
55,394 64,105

CURRENT ASSETS
Stocks 22,000 20,000
Debtors 6 20,369 17,167
Cash at bank and in hand 1,294 668
43,663 37,835
CREDITORS
Amounts falling due within one year 7 124,091 106,911
NET CURRENT LIABILITIES (80,428 ) (69,076 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,034

)

(4,971

)

CREDITORS
Amounts falling due after more than one year 8 (29,652 ) (39,774 )

ACCRUALS AND DEFERRED INCOME (6,008 ) (8,011 )
NET LIABILITIES (60,694 ) (52,756 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (60,695 ) (52,757 )
SHAREHOLDERS' FUNDS (60,694 ) (52,756 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

WEST HIGHLAND BREWERIES LIMITED (REGISTERED NUMBER: SC557347)

BALANCE SHEET - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





Ms L A Hicks - Director


WEST HIGHLAND BREWERIES LIMITED (REGISTERED NUMBER: SC557347)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024

1. STATUTORY INFORMATION

West Highland Breweries 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.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 25% 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.

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.

WEST HIGHLAND BREWERIES LIMITED (REGISTERED NUMBER: SC557347)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 March 2023
and 29 February 2024 16,490
AMORTISATION
At 1 March 2023 8,245
Amortisation for year 1,649
At 29 February 2024 9,894
NET BOOK VALUE
At 29 February 2024 6,596
At 28 February 2023 8,245

WEST HIGHLAND BREWERIES LIMITED (REGISTERED NUMBER: SC557347)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 March 2023 14,219 76,679 28,190 119,088
Additions - 8,730 - 8,730
At 29 February 2024 14,219 85,409 28,190 127,818
DEPRECIATION
At 1 March 2023 7,110 40,217 15,901 63,228
Charge for year 1,422 11,298 3,072 15,792
At 29 February 2024 8,532 51,515 18,973 79,020
NET BOOK VALUE
At 29 February 2024 5,687 33,894 9,217 48,798
At 28 February 2023 7,109 36,462 12,289 55,860

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023
and 29 February 2024 28,190
DEPRECIATION
At 1 March 2023 11,804
Charge for year 3,072
At 29 February 2024 14,876
NET BOOK VALUE
At 29 February 2024 13,314
At 28 February 2023 16,386

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,369 15,055
Other debtors - 2,112
20,369 17,167

WEST HIGHLAND BREWERIES LIMITED (REGISTERED NUMBER: SC557347)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 521
Hire purchase contracts 4,149 6,323
Trade creditors 14,381 14,547
Taxation and social security 9,365 504
Other creditors 96,196 85,016
124,091 106,911

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,142 5,289
Other creditors 28,510 34,485
29,652 39,774