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REGISTERED NUMBER: 11408756 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

LLANFAIRPWLL DISTILLERY LTD

LLANFAIRPWLL DISTILLERY LTD (REGISTERED NUMBER: 11408756)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


LLANFAIRPWLL DISTILLERY LTD (REGISTERED NUMBER: 11408756)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,340 48,071

CURRENT ASSETS
Stocks 57,148 48,872
Debtors 5 12,303 10,289
Cash at bank and in hand 19,591 15,949
89,042 75,110
CREDITORS
Amounts falling due within one year 6 54,544 34,350
NET CURRENT ASSETS 34,498 40,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,838

88,831

CREDITORS
Amounts falling due after more than one
year

7

(108,554

)

(42,885

)

PROVISIONS FOR LIABILITIES (5,620 ) (7,108 )
NET ASSETS 28,664 38,838

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 28,654 38,828
28,664 38,838

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

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

LLANFAIRPWLL DISTILLERY LTD (REGISTERED NUMBER: 11408756)

BALANCE SHEET - continued
30 JUNE 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 31 October 2024 and were signed on its behalf by:





Mr R C Laming - Director


LLANFAIRPWLL DISTILLERY LTD (REGISTERED NUMBER: 11408756)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Llanfairpwll Distillery Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11408756

Registered office: 52 Tyddyn To
Menai Bridge
LL59 5BH

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 represents net invoiced sales of goods, excluding value added tax.

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 etc - 33% on cost, 15% on reducing balance and 10% 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 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.

LLANFAIRPWLL DISTILLERY LTD (REGISTERED NUMBER: 11408756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

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.

Grants
Grants which relate to revenue are recognised as income in the period the related costs for which the grant is intended to compensate are incurred.

Grants relating to capital expenditure are released to the income and expenditure account when the performance conditions of the grants have been met.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 70,509
Additions 79,771
At 30 June 2024 150,280
DEPRECIATION
At 1 July 2023 22,438
Charge for year 19,502
At 30 June 2024 41,940
NET BOOK VALUE
At 30 June 2024 108,340
At 30 June 2023 48,071

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,176 5,028
Other debtors 7,127 5,261
12,303 10,289

LLANFAIRPWLL DISTILLERY LTD (REGISTERED NUMBER: 11408756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50 -
Trade creditors 18,109 100
Taxation and social security 499 2,456
Other creditors 35,886 31,794
54,544 34,350

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 59,134 42,885
Other creditors 49,420 -
108,554 42,885

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 25,956 14,840