Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC464028 Mr Iain Stirling Mr John Alexander Stirling iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC464028 2023-08-31 SC464028 2024-08-31 SC464028 2023-09-01 2024-08-31 SC464028 frs-core:CurrentFinancialInstruments 2024-08-31 SC464028 frs-core:Non-currentFinancialInstruments 2024-08-31 SC464028 frs-core:FurnitureFittings 2024-08-31 SC464028 frs-core:FurnitureFittings 2023-09-01 2024-08-31 SC464028 frs-core:FurnitureFittings 2023-08-31 SC464028 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 SC464028 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC464028 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 SC464028 frs-core:MotorVehicles 2024-08-31 SC464028 frs-core:MotorVehicles 2023-09-01 2024-08-31 SC464028 frs-core:MotorVehicles 2023-08-31 SC464028 frs-core:PlantMachinery 2024-08-31 SC464028 frs-core:PlantMachinery 2023-09-01 2024-08-31 SC464028 frs-core:PlantMachinery 2023-08-31 SC464028 frs-core:WithinOneYear 2024-08-31 SC464028 frs-core:ShareCapital 2024-08-31 SC464028 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC464028 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC464028 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC464028 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC464028 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC464028 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC464028 frs-core:UnlistedNon-exchangeTraded 2024-08-31 SC464028 frs-core:UnlistedNon-exchangeTraded 2023-08-31 SC464028 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-08-31 SC464028 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 SC464028 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 SC464028 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-08-31 SC464028 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 SC464028 frs-bus:Director1 2023-09-01 2024-08-31 SC464028 frs-bus:Director2 2023-09-01 2024-08-31 SC464028 frs-countries:Scotland 2023-09-01 2024-08-31 SC464028 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-08-31 SC464028 2022-08-31 SC464028 2023-08-31 SC464028 2022-09-01 2023-08-31 SC464028 frs-core:CurrentFinancialInstruments 2023-08-31 SC464028 frs-core:Non-currentFinancialInstruments 2023-08-31 SC464028 frs-core:BetweenOneFiveYears 2023-08-31 SC464028 frs-core:WithinOneYear 2023-08-31 SC464028 frs-core:ShareCapital 2023-08-31 SC464028 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: SC464028
Arbikie Distilling Limited
Financial Statements
For The Year Ended 31 August 2024
Arthur Garty & Co. Ltd.
161 Albert Street
Dundee
Tayside
DD4 6PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC464028
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,131,287 2,683,814
Investments 5 445 -
3,131,732 2,683,814
CURRENT ASSETS
Stocks 6 8,577,017 6,555,162
Debtors 7 130,408 433,258
Cash at bank and in hand 6,665 6,409
8,714,090 6,994,829
Creditors: Amounts Falling Due Within One Year 8 (2,606,890 ) (2,345,312 )
NET CURRENT ASSETS (LIABILITIES) 6,107,200 4,649,517
TOTAL ASSETS LESS CURRENT LIABILITIES 9,238,932 7,333,331
Creditors: Amounts Falling Due After More Than One Year 9 (9,223,871 ) (7,137,921 )
NET ASSETS 15,061 195,410
CAPITAL AND RESERVES
Called up share capital 12 145 145
Profit and Loss Account 14,916 195,265
SHAREHOLDERS' FUNDS 15,061 195,410
Page 1
Page 2
For the year ending 31 August 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Alexander Stirling
Director
28th May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Arbikie Distilling Limited is a private company, limited by shares, incorporated in Scotland, registered number SC464028 . The registered office is Arbikie, Arbroath, Angus, DD11 4UZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold not depreciated
Plant and Casks at varying rates on cost
Motor Vehicles at varying rates on cost
Fixtures & Fittings at varying rates on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2023: 18)
28 18
4. Tangible Assets
Land & Property
Freehold Plant and Casks Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 September 2023 1,854,956 978,930 14,617 6,122 2,854,625
Additions 20,776 441,379 - 10,323 472,478
As at 31 August 2024 1,875,732 1,420,309 14,617 16,445 3,327,103
Depreciation
As at 1 September 2023 - 154,745 11,816 4,250 170,811
Provided during the period - 24,200 609 196 25,005
As at 31 August 2024 - 178,945 12,425 4,446 195,816
Net Book Value
As at 31 August 2024 1,875,732 1,241,364 2,192 11,999 3,131,287
As at 1 September 2023 1,854,956 824,185 2,801 1,872 2,683,814
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5. Investments
Unlisted
£
Cost
As at 1 September 2023 -
Additions 445
As at 31 August 2024 445
Provision
As at 1 September 2023 -
As at 31 August 2024 -
Net Book Value
As at 31 August 2024 445
As at 1 September 2023 -
6. Stocks
2024 2023
£ £
Stock 8,577,017 6,555,162
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 72,928 209,470
Other debtors 57,480 223,788
130,408 433,258
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,415 30,086
Trade creditors 356,332 388,417
Bank loans and overdrafts 476,735 282,888
Other creditors 1,726,102 1,624,438
Taxation and social security 37,306 19,483
2,606,890 2,345,312
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,223,871 7,137,921
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans - 3,663
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,415 30,086
Bank loans and overdrafts 9,662,739 7,368,892
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,415 30,086
Later than one year and not later than five years - -
10,415 30,086
10,415 30,086
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 145 145
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