Company Registration No. 11774118 (England and Wales)
RED DISTILLERY LIMITED
Unaudited accounts
for the year ended 31 January 2025
RED DISTILLERY LIMITED
Unaudited accounts
Contents
RED DISTILLERY LIMITED
Company Information
for the year ended 31 January 2025
Directors
Neil Patterson
Douglas Howard
Robyn Patterson
Tim Dearden
Company Number
11774118 (England and Wales)
Registered Office
Unit 2 Station Road Industrial Estate
Station Road
Liphook
GU30 7DR
Accountants
Warwick McArdle
55 Ellerton Road
London
SW18 3NQ
RED DISTILLERY LIMITED
Statement of financial position
as at 31 January 2025
Tangible assets
908,229
670,689
Inventories
121,612
229,793
Debtors
2,530,759
2,717,956
Cash at bank and in hand
81,188
619,114
Creditors: amounts falling due within one year
(2,696,791)
(2,696,833)
Net current assets
36,768
870,030
Total assets less current liabilities
944,997
1,540,719
Creditors: amounts falling due after more than one year
(26,667)
(46,667)
Provisions for liabilities
Deferred tax
(251,121)
(147,846)
Net assets
667,209
1,346,206
Called up share capital
300
300
Profit and loss account
666,909
1,345,906
Shareholders' funds
667,209
1,346,206
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by
Neil Patterson
Director
Company Registration No. 11774118
RED DISTILLERY LIMITED
Notes to the Accounts
for the year ended 31 January 2025
RED DISTILLERY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11774118. The registered office is Unit 2 Station Road Industrial Estate, Station Road, Liphook, GU30 7DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
RED DISTILLERY LIMITED
Notes to the Accounts
for the year ended 31 January 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
1,432,492
78,520
49,132
1,560,144
Additions
681,982
36,573
5,632
724,187
Disposals
(54,280)
-
-
(54,280)
At 31 January 2025
2,060,194
115,093
54,764
2,230,051
At 1 February 2024
836,311
35,321
17,823
889,455
Charge for the year
415,194
25,420
13,239
453,853
On disposals
(21,486)
-
-
(21,486)
At 31 January 2025
1,230,019
60,741
31,062
1,321,822
At 31 January 2025
830,175
54,352
23,702
908,229
At 31 January 2024
596,181
43,199
31,309
670,689
Amounts falling due within one year
Trade debtors
727,818
696,899
Accrued income and prepayments
91,732
498,854
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,710,599
1,505,536
RED DISTILLERY LIMITED
Notes to the Accounts
for the year ended 31 January 2025
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
441,593
223,553
Taxes and social security
16,425
65,450
Other creditors
784,968
1,510,427
Accruals
1,362,490
536,289
Deferred income
24,525
67,184
At 31 January 2025, AU Vodka Ltd had an outstanding registered a charge against specific production assets (Line1).
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300
300
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Capital commitments
2025
2024
Amounts contracted but not provided for in the accounts
-
512,160
The company contracted to purchase plant and machinery amounting to £677,000 of which a portion was paid upfront during 31 January 2024.
10
Operating lease commitments
2025
2024
At 31 January 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
399,947
395,727
Later than one year and not later than five years
1,644,586
1,626,398
Later than five years
664,066
1,082,201
Red Distillery Limited is a wholly owned subsidiary of Real English Drinks Group Limited (company number 12986662).
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Average number of employees
During the year the average number of employees was 27 (2024: 35).