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WHISKY AND FRIENDS LTD

Registered Number
SC634886
(Scotland)

Unaudited Financial Statements for the Year ended
31 December 2024

WHISKY AND FRIENDS LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

Benjamin K Smith

Registered Address

The Workshop Rosemill
Bridgefoot
Dundee
DD3 0PW

Registered Number

SC634886 (Scotland)
WHISKY AND FRIENDS LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3295817
295817
Current assets
Stocks65,59968,303
Debtors43062,180
Cash at bank and on hand1,4362,978
67,34173,461
Creditors amounts falling due within one year5(80,291)(78,317)
Net current assets (liabilities)(12,950)(4,856)
Total assets less current liabilities(12,655)(4,039)
Provisions for liabilities(56)(155)
Net assets(12,711)(4,194)
Capital and reserves
Called up share capital11
Profit and loss account(12,712)(4,195)
Shareholders' funds(12,711)(4,194)
The financial statements were approved and authorised for issue by the Director on 6 March 2025, and are signed on its behalf by:
Benjamin K Smith
Director
Registered Company No. SC634886
WHISKY AND FRIENDS LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
These financial statements have been prepared on a going concern basis despite the net liability balance sheet. The director has guaranteed his continued support and has confirmed he will not withdraw his loan account to the detriment of any other creditor.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting 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 period 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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment5
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 247,0427,042
Additions316316
Disposals(333)(333)
At 31 December 247,0257,025
Depreciation and impairment
At 01 January 246,2256,225
Charge for year754754
On disposals(249)(249)
At 31 December 246,7306,730
Net book value
At 31 December 24295295
At 31 December 23817817
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-1,087
Other debtors1411,093
Prepayments and accrued income165-
Total3062,180
5.Creditors: amounts due within one year

2024

2023

££
Other creditors78,91676,982
Accrued liabilities and deferred income1,3751,335
Total80,29178,317