Mosaik Spirits Ltd

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

Registered number: SC728182

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	5,641		-
Debtors	5	1,349		625
Cash at bank and in hand		2,002		18,396

		8,992		19,021
Creditors: Amounts Falling Due Within One Year	6	(36,971 )		(30,206 )

NET CURRENT ASSETS (LIABILITIES)			(27,979 )		(11,185 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(27,979 )		(11,185 )

Creditors: Amounts Falling Due After More Than One Year	7		(7,283 )		(10,037 )

NET LIABILITIES			(35,262 )		(21,222 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(35,362 )		(21,322 )

SHAREHOLDERS' FUNDS			(35,262)		(21,222)

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Mosaik Spirits Ltd

Balance Sheet (continued)

As At 31 March 2025

For the 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.

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 Cihangir Dursun

Director

08/08/2025

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

1. General Information

Mosaik Spirits Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC728182 . The registered office is 272 , Bath Street, Glasgow, G2 4JR.

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. Going Concern Disclosure

The director has considered the company’s financial position and its ability to continue as a going concern. Whilst the company has experienced losses in recent periods, the director is confident that, based on current forecasts and business plans, the company will trade into profitability in the foreseeable future.

The director will continue to provide the necessary financial support to enable the company to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements.

Accordingly, the director considers it appropriate to prepare the financial statements on a going concern basis. The director has not identified any material uncertainties that may cast significant doubt on the company’s ability to continue as a going concern.

2.3. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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. 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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Mosaik Spirits Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Stocks

	2025	2024
	£	£
Stock	5,641	-

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	300	-
VAT	1,049	625

	1,349	625

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,602	-
Enterprise Fund Loan < 1 year	3,346	3,346
Director's loan account	32,023	26,860

	36,971	30,206

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Enterprise Fund Loan > 1 year	7,283	10,037

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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