Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31true2023-08-01falseRetail sale of beverages in specialised stores2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2true 11467254 2023-08-01 2024-07-31 11467254 2022-08-01 2023-07-31 11467254 2024-07-31 11467254 2023-07-31 11467254 c:Director2 2023-08-01 2024-07-31 11467254 d:PlantMachinery 2023-08-01 2024-07-31 11467254 d:PlantMachinery 2024-07-31 11467254 d:PlantMachinery 2023-07-31 11467254 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 11467254 d:ComputerEquipment 2023-08-01 2024-07-31 11467254 d:ComputerEquipment 2024-07-31 11467254 d:ComputerEquipment 2023-07-31 11467254 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 11467254 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 11467254 d:CurrentFinancialInstruments 2024-07-31 11467254 d:CurrentFinancialInstruments 2023-07-31 11467254 d:Non-currentFinancialInstruments 2024-07-31 11467254 d:Non-currentFinancialInstruments 2023-07-31 11467254 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 11467254 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 11467254 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 11467254 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 11467254 d:ShareCapital 2024-07-31 11467254 d:ShareCapital 2023-07-31 11467254 d:SharePremium 2024-07-31 11467254 d:SharePremium 2023-07-31 11467254 d:RetainedEarningsAccumulatedLosses 2024-07-31 11467254 d:RetainedEarningsAccumulatedLosses 2023-07-31 11467254 c:FRS102 2023-08-01 2024-07-31 11467254 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 11467254 c:FullAccounts 2023-08-01 2024-07-31 11467254 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11467254 2 2023-08-01 2024-07-31 11467254 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 11467254









SHORTS BOY DISTILLERY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
SHORTS BOY DISTILLERY LIMITED
REGISTERED NUMBER: 11467254

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,043
1,388

  
1,043
1,388

Current assets
  

Stocks
 5 
78,020
35,000

Debtors: amounts falling due within one year
 6 
37,073
29,210

Cash at bank and in hand
 7 
145,265
5,769

  
260,358
69,979

Creditors: amounts falling due within one year
 8 
(482,447)
(141,022)

Net current liabilities
  
 
 
(222,089)
 
 
(71,043)

Total assets less current liabilities
  
(221,046)
(69,655)

Creditors: amounts falling due after more than one year
 9 
(10,069)
(20,717)

  

Net liabilities
  
(231,115)
(90,372)


Capital and reserves
  

Called up share capital 
  
18
18

Share premium account
  
403,864
403,864

Profit and loss account
  
(634,997)
(494,254)

  
(231,115)
(90,372)


Page 1

 
SHORTS BOY DISTILLERY LIMITED
REGISTERED NUMBER: 11467254
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Harry Coulthard
Director

Date: 28 July 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SHORTS BOY DISTILLERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Shorts Boy Distillery Limited is a private company limited by shares incorporated in England & Wales (registered number: 11467254). The registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. 
The financial statements are presented in Sterling which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis. The company is dependent on its shareholders for financial support, which the directors are confident will continue for a period of at least another 12 months following the approval of these financial statements.
As at 31 July 2024, the company had net liabilities of £231,115. The shareholders have indicated their present intention to provide adequate finance to enable the company to continue in operational existence, and on this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the director and shareholders.

Page 3

 
SHORTS BOY DISTILLERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
SHORTS BOY DISTILLERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Computer equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
SHORTS BOY DISTILLERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable 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.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
SHORTS BOY DISTILLERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


Property, plant and equipment





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 August 2023
245
1,999
2,244



At 31 July 2024

245
1,999
2,244



Depreciation


At 1 August 2023
107
750
857


Charge for the year on owned assets
34
310
344



At 31 July 2024

141
1,060
1,201



Net book value



At 31 July 2024
104
939
1,043



At 31 July 2023
138
1,249
1,387


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
78,020
35,000

78,020
35,000


Page 7

 
SHORTS BOY DISTILLERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
28,370
6,246

Other debtors
8,703
22,964

37,073
29,210



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
145,265
5,769

145,265
5,769



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,648
10,648

Trade creditors
62,295
26,774

Other taxation and social security
17,976
16,230

Other creditors
388,528
84,370

Accruals and deferred income
3,000
3,000

482,447
141,022



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,069
20,717

10,069
20,717


 
Page 8