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Company Registration No. 12604056 (England and Wales)
Stewart Whisky Company Ltd Unaudited accounts for the year ended 31 May 2024
Stewart Whisky Company Ltd Unaudited accounts Contents
Page
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Stewart Whisky Company Ltd Company Information for the year ended 31 May 2024
Directors
Simon Charles Farr George Neil Stewart
Company Number
12604056 (England and Wales)
Registered Office
27 Huddleston Road London N7 0AD England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Stewart Whisky Company Ltd Accountants' report
Accountants' report to the board of directors of Stewart Whisky Company Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Stewart Whisky Company Ltd for the year ended 31 May 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Stewart Whisky Company Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Stewart Whisky Company Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stewart Whisky Company Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Stewart Whisky Company Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Stewart Whisky Company Ltd. You consider that Stewart Whisky Company Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Stewart Whisky Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 13 December 2024
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Stewart Whisky Company Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
602 
911 
Current assets
Inventories
737,209 
788,664 
Debtors
49,503 
125,839 
Cash at bank and in hand
38,327 
(3,656)
825,039 
910,847 
Creditors: amounts falling due within one year
(87,925)
(260,539)
Net current assets
737,114 
650,308 
Total assets less current liabilities
737,716 
651,219 
Creditors: amounts falling due after more than one year
(170,922)
(172,325)
Net assets
566,794 
478,894 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
566,694 
478,794 
Shareholders' funds
566,794 
478,894 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 December 2024 and were signed on its behalf by
George Neil Stewart Director Company Registration No. 12604056
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Stewart Whisky Company Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Stewart Whisky Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 12604056. The registered office is 27 Huddleston Road, London, N7 0AD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Stewart Whisky Company Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
937 
At 31 May 2024
937 
Depreciation
At 1 June 2023
26 
Charge for the year
309 
At 31 May 2024
335 
Net book value
At 31 May 2024
602 
At 31 May 2023
911 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,013 
- 
Trade debtors
44,442 
125,839 
49,455 
125,839 
Amounts falling due after more than one year
Other debtors
48 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,297 
Trade creditors
13,300 
154,104 
Taxes and social security
72,963 
102,383 
Other creditors
1,662 
2,755 
87,925 
260,539 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
170,922 
172,373 
Loans from directors
- 
(48)
170,922 
172,325 
8
Controlling party
OENO LIMITED 27 Huddleston Road, London, England, N7 0AD
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Stewart Whisky Company Ltd Notes to the Accounts for the year ended 31 May 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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