Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Grace Stringer 05/06/2023 Nicholas Weatherall 19/10/2017 05 August 2025 The principal activities of the company for the year is that of distilling, rectifying and blending of spirits. 11022607 2025-03-31 11022607 bus:Director1 2025-03-31 11022607 bus:Director2 2025-03-31 11022607 2024-03-31 11022607 core:CurrentFinancialInstruments 2025-03-31 11022607 core:CurrentFinancialInstruments 2024-03-31 11022607 core:Non-currentFinancialInstruments 2025-03-31 11022607 core:Non-currentFinancialInstruments 2024-03-31 11022607 core:ShareCapital 2025-03-31 11022607 core:ShareCapital 2024-03-31 11022607 core:SharePremium 2025-03-31 11022607 core:SharePremium 2024-03-31 11022607 core:RetainedEarningsAccumulatedLosses 2025-03-31 11022607 core:RetainedEarningsAccumulatedLosses 2024-03-31 11022607 core:LeaseholdImprovements 2024-03-31 11022607 core:PlantMachinery 2024-03-31 11022607 core:Vehicles 2024-03-31 11022607 core:FurnitureFittings 2024-03-31 11022607 core:ComputerEquipment 2024-03-31 11022607 core:LeaseholdImprovements 2025-03-31 11022607 core:PlantMachinery 2025-03-31 11022607 core:Vehicles 2025-03-31 11022607 core:FurnitureFittings 2025-03-31 11022607 core:ComputerEquipment 2025-03-31 11022607 bus:OrdinaryShareClass1 2025-03-31 11022607 bus:OrdinaryShareClass2 2025-03-31 11022607 2024-04-01 2025-03-31 11022607 bus:FilletedAccounts 2024-04-01 2025-03-31 11022607 bus:SmallEntities 2024-04-01 2025-03-31 11022607 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11022607 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11022607 bus:Director1 2024-04-01 2025-03-31 11022607 bus:Director2 2024-04-01 2025-03-31 11022607 core:LeaseholdImprovements core:TopRangeValue 2024-04-01 2025-03-31 11022607 core:PlantMachinery core:TopRangeValue 2024-04-01 2025-03-31 11022607 core:Vehicles 2024-04-01 2025-03-31 11022607 core:FurnitureFittings 2024-04-01 2025-03-31 11022607 core:ComputerEquipment core:TopRangeValue 2024-04-01 2025-03-31 11022607 2023-04-01 2024-03-31 11022607 core:LeaseholdImprovements 2024-04-01 2025-03-31 11022607 core:PlantMachinery 2024-04-01 2025-03-31 11022607 core:ComputerEquipment 2024-04-01 2025-03-31 11022607 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 11022607 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 11022607 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11022607 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 11022607 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11022607 (England and Wales)

PISTON DISTILLERY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

PISTON DISTILLERY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

PISTON DISTILLERY LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
PISTON DISTILLERY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 234,591 211,899
234,591 211,899
Current assets
Stocks 143,109 134,525
Debtors 4 46,018 62,663
Cash at bank and in hand 5 1,168 1,086
190,295 198,274
Creditors: amounts falling due within one year 6 ( 194,897) ( 106,136)
Net current (liabilities)/assets (4,602) 92,138
Total assets less current liabilities 229,989 304,037
Creditors: amounts falling due after more than one year 7 ( 1,923,317) ( 1,805,370)
Net liabilities ( 1,693,328) ( 1,501,333)
Capital and reserves
Called-up share capital 8 125 125
Share premium account 99,975 99,975
Profit and loss account ( 1,793,428 ) ( 1,601,433 )
Total shareholders' deficit ( 1,693,328) ( 1,501,333)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Piston Distillery Limited (registered number: 11022607) were approved and authorised for issue by the Board of Directors on 05 August 2025. They were signed on its behalf by:

Grace Stringer
Director
PISTON DISTILLERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
PISTON DISTILLERY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Piston Distillery Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Bamfurlong Industrial Park, Staverton, Cheltenham, GL51 6SX, United Kingdom. The place of business address is Danks 2, Diglis Basin, Worcester, WR5 3BW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £1,693,328. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Plant and machinery 15 years straight line
Vehicles 20 % reducing balance
Fixtures and fittings 25 % reducing balance
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 8 7

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £
Cost
At 01 April 2024 158,166 75,472 7,950 79,094 13,224 333,906
Additions 0 0 38,189 19,847 137 58,173
At 31 March 2025 158,166 75,472 46,139 98,941 13,361 392,079
Accumulated depreciation
At 01 April 2024 43,202 22,692 3,242 44,137 8,734 122,007
Charge for the financial year 15,818 5,031 3,578 9,384 1,670 35,481
At 31 March 2025 59,020 27,723 6,820 53,521 10,404 157,488
Net book value
At 31 March 2025 99,146 47,749 39,319 45,420 2,957 234,591
At 31 March 2024 114,964 52,780 4,708 34,957 4,490 211,899

4. Debtors

2025 2024
£ £
Trade debtors 33,635 40,769
Other debtors 12,383 21,894
46,018 62,663

5. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 1,168 1,086
Less: Bank overdrafts ( 9,815) 0
(8,647) 1,086

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans and overdrafts 15,508 7,912
Trade creditors 72,515 49,099
Other taxation and social security 50,945 21,714
Obligations under finance leases and hire purchase contracts 4,700 0
Other creditors 51,229 27,411
194,897 106,136

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 23,944 26,610
Obligations under finance leases and hire purchase contracts 29,509 0
Other creditors 1,869,864 1,778,760
1,923,317 1,805,370

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 1.00 each 100 100
25 Ordinary B shares of £ 1.00 each 25 25
125 125

9. Related party transactions

Transactions with the entity's directors

2025 2024
£ £
Amounts due to the directors held in Creditors 835,337 856,536