Company No: SC593850 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	10,609		35,947
Tangible assets	4	24,802		31,805
		35,411		67,752
Current assets
Stocks		73,145		154,358
Debtors	5	76,141		119,535
Cash at bank and in hand		93,615		294,860
		242,901		568,753
Creditors: amounts falling due within one year	6	( 67,078)		( 62,203)
Net current assets		175,823		506,550
Total assets less current liabilities		211,234		574,302
Creditors: amounts falling due after more than one year	7	( 33,000)		( 19,500)
Net assets		178,234		554,802
Capital and reserves
Called-up share capital	8	206		206
Share premium account		2,397,857		2,397,857
Other reserves		9		0
Profit and loss account		( 2,219,838 )		( 1,843,261 )
Total shareholders' funds		178,234		554,802

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 members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Incharvie Group Limited (registered number: SC593850) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

W J Garnock Director

J A P Wild Director

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

Incharvie Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Lahill, Upper Largo, Leven, KY8 6JE, Scotland, 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 Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due 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.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for sale of the non-alcoholic spirit products 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.

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

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

3 - 5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	20 % reducing balance
Plant and machinery etc.	20 - 25 % reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
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.

Impairment of assets

Assets, other are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account. No impairments were noticed this year.

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. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Government grants

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2024	118,493		118,493
At 31 March 2025	118,493		118,493
Accumulated amortisation
At 01 April 2024	82,546		82,546
Charge for the financial year	25,338		25,338
At 31 March 2025	107,884		107,884
Net book value
At 31 March 2025	10,609		10,609
At 31 March 2024	35,947		35,947

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	6,377		40,313		46,690
At 31 March 2025	6,377		40,313		46,690
Accumulated depreciation
At 01 April 2024	1,884		13,001		14,885
Charge for the financial year	898		6,105		7,003
At 31 March 2025	2,782		19,106		21,888
Net book value
At 31 March 2025	3,595		21,207		24,802
At 31 March 2024	4,493		27,312		31,805

5. Debtors

	2025		2024
	£		£
Trade debtors	59,292		101,109
Other debtors	16,849		18,426
	76,141		119,535

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	27,776		11,642
Other taxation and social security	1,790		9,911
Other creditors	37,512		40,650
	67,078		62,203

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

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

	2025		2024
	£		£
Other creditors	33,000		19,500

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

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
20,563 Ordinary shares of £ 0.01 each	206		206

9. Financial commitments

Other financial commitments

	2025		2024
	£		£
Total commitments under non-cancellable operating leases not provided for in the accounts	0		19,000