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REGISTERED NUMBER: SC536082 (Scotland)















Financial Statements for the Year Ended 31 May 2024

for

Inshriach Distilling Limited

Inshriach Distilling Limited (Registered number: SC536082)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inshriach Distilling Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: W H Micklethwait





REGISTERED OFFICE: Inshriach House
Nr Aviemore
Aviemore
Inverness-shire
PH22 1QP





REGISTERED NUMBER: SC536082 (Scotland)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Inshriach Distilling Limited (Registered number: SC536082)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,275 38,067

CURRENT ASSETS
Stocks 17,018 28,102
Debtors 5 16,037 34,736
Cash at bank 68,202 72,805
101,257 135,643
CREDITORS
Amounts falling due within one year 6 127,110 97,852
NET CURRENT (LIABILITIES)/ASSETS (25,853 ) 37,791
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,422

75,858

CREDITORS
Amounts falling due after more than one year 7 (7,079 ) (12,083 )

PROVISIONS FOR LIABILITIES (8,031 ) (8,543 )
NET ASSETS 29,312 55,232

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 29,112 55,032
SHAREHOLDERS' FUNDS 29,312 55,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Inshriach Distilling Limited (Registered number: SC536082)

Balance Sheet - continued
31 May 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 director and authorised for issue on 24 February 2025 and were signed by:





W H Micklethwait - Director


Inshriach Distilling Limited (Registered number: SC536082)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Inshriach Distilling 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 represents net sales of alcohol, excluding value added tax. Turnover is recognised at the point of dispatch when the obligation to pay becomes due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 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.

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges recognised in profit or loss.

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.

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.

Inshriach Distilling Limited (Registered number: SC536082)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 June 2023 13,701 46,163 1,267 61,131
Additions 17,345 27,348 - 44,693
At 31 May 2024 31,046 73,511 1,267 105,824
DEPRECIATION
At 1 June 2023 6,908 15,602 554 23,064
Charge for year 3,621 8,686 178 12,485
At 31 May 2024 10,529 24,288 732 35,549
NET BOOK VALUE
At 31 May 2024 20,517 49,223 535 70,275
At 31 May 2023 6,793 30,561 713 38,067

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 10,913 30,866
Other debtors 5,124 3,870
16,037 34,736

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 5,000 5,000
Taxation and social security 1,131 6,662
Other creditors 120,979 86,190
127,110 97,852

Inshriach Distilling Limited (Registered number: SC536082)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 7,079 12,083