North of Scotland Distilling Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC156038

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		378,907		383,345

			378,907		383,345
CURRENT ASSETS
Stocks	5	599,879		814,119
Debtors	6	847,168		571,324
Cash at bank and in hand		1,153,102		683,137

		2,600,149		2,068,580
Creditors: Amounts Falling Due Within One Year	7	(1,393,943 )		(672,955 )

NET CURRENT ASSETS (LIABILITIES)			1,206,206		1,395,625

TOTAL ASSETS LESS CURRENT LIABILITIES			1,585,113		1,778,970

NET ASSETS			1,585,113		1,778,970

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			1,585,111		1,778,968

SHAREHOLDERS' FUNDS			1,585,113		1,778,970

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North of Scotland Distilling Company Limited

Balance Sheet (continued)

As At 30 June 2024

For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Roderick Christie

Director

30/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

North of Scotland Distilling Company Limited is a private company, limited by shares, incorporated in Scotland, registered number SC156038 . The registered office is 21 Forbes Place, Paisley, PA1 1UT.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Plant & Machinery	25% on cost/10% on cost
Motor Vehicles	20% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	33% on cost

2.4. 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.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	1	1
Sales, marketing and distribution	1	1

	2	2

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North of Scotland Distilling Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2024

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 July 2023	453,857	3,000	2,500	11,025	470,382
Additions	38,694	-	-	-	38,694

As at 30 June 2024	492,551	3,000	2,500	11,025	509,076

Depreciation
As at 1 July 2023	72,312	1,200	2,500	11,025	87,037
Provided during the period	42,532	600	-	-	43,132

As at 30 June 2024	114,844	1,800	2,500	11,025	130,169

Net Book Value
As at 30 June 2024	377,707	1,200	-	-	378,907

As at 1 July 2023	381,545	1,800	-	-	383,345

5. Stocks

	2024	2023
	£	£
Materials	599,879	814,119

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	30
Prepayments and accrued income	17,600	4,600
Other debtors	579,255	302,841
VAT	250,313	263,853

	847,168	571,324

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	403,658	139,278
Corporation tax	26,880	37,723
Other taxes and social security	10,133	16,986
Other creditors	810,227	388,623
Accruals and deferred income	140,000	90,000
Director's loan account	3,045	345

	1,393,943	672,955

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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