REGISTERED NUMBER: SC557347 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

WEST HIGHLAND BREWERIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms L A Hicks

I P Macdonald

REGISTERED OFFICE:

Tirindrish Steading

SPEAN BRIDGE

PH34 4EU

REGISTERED NUMBER:

SC557347 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

FIXED ASSETS

Intangible assets

4

4,947

6,596

Tangible assets

5

46,569

48,798

51,516

55,394

CURRENT ASSETS

Stocks

24,500

22,000

Debtors

6

20,075

20,369

Cash at bank and in hand

278

1,294

44,853

43,663

CREDITORS

Amounts falling due within one year

7

143,313

124,091

NET CURRENT LIABILITIES

(98,460

)

(80,428

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(46,944

)

(25,034

)

CREDITORS

Amounts falling due after more than one year

8

(36,315

)

(29,652

)

ACCRUALS AND DEFERRED INCOME

(4,506

)

(6,008

)

NET LIABILITIES

(87,765

)

(60,694

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(87,766

)

(60,695

)

SHAREHOLDERS' FUNDS

(87,765

)

(60,694

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Ms L A Hicks - Director

1.	STATUTORY INFORMATION

West Highland Breweries Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 March 2024

and 28 February 2025

16,490

AMORTISATION

At 1 March 2024

9,894

Amortisation for year

1,649

At 28 February 2025

11,543

NET BOOK VALUE

At 28 February 2025

4,947

At 29 February 2024

6,596

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 March 2024

14,219

85,409

28,190

127,818

Additions

-

1,418

21,095

22,513

Disposals

-

-

(28,190

)

(28,190

)

At 28 February 2025

14,219

86,827

21,095

122,141

DEPRECIATION

At 1 March 2024

8,532

51,515

18,973

79,020

Charge for year

1,422

8,828

5,273

15,523

Eliminated on disposal

-

-

(18,971

)

(18,971

)

At 28 February 2025

9,954

60,343

5,275

75,572

NET BOOK VALUE

At 28 February 2025

4,265

26,484

15,820

46,569

At 29 February 2024

5,687

33,894

9,217

48,798

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2024

28,190

Additions

21,095

Disposals

(28,190

)

At 28 February 2025

21,095

DEPRECIATION

At 1 March 2024

14,876

Charge for year

5,273

Eliminated on disposal

(18,971

)

At 28 February 2025

1,178

NET BOOK VALUE

At 28 February 2025

19,917

At 29 February 2024

13,314

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

20,075

20,369

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

30,912

-

Hire purchase contracts

4,291

4,149

Trade creditors

16,322

14,381

Taxation and social security

4,052

9,365

Other creditors

87,736

96,196

143,313

124,091

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

13,229

1,142

Other creditors

23,086

28,510

36,315

29,652