Registration number: SC382994

Whisky Barrels Direct Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7
Accountants' Report	8

Whisky Barrels Direct Ltd

Company Information

Director

Mr Patrick Noel Keir

Registered office

Unit 4B Gateway Business Park Beancross Road Grangemouth Stirlingshire FK3 8WX

Accountants

EQ Accountants Ltd Unit 4B Gateway Business Park Beancross Road Grangemouth FK3 8WX

Whisky Barrels Direct Ltd

(Registration number: SC382994)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	39,829	35,949
Current assets
Stocks	5	61,480	31,000
Debtors	6	131,604	143,384
Cash at bank and in hand		248,221	321,160
		441,305	495,544
Creditors: Amounts falling due within one year	7	(65,561)	(90,050)
Net current assets		375,744	405,494
Total assets less current liabilities		415,573	441,443
Provisions for liabilities		(9,957)	(8,987)
Net assets		405,616	432,456
Capital and reserves
Called up share capital		1	1
Retained earnings		405,615	432,455
Shareholders' funds		405,616	432,456

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 November 2025
 

......................................... Mr Patrick Noel Keir Director

Whisky Barrels Direct Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland .

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Whisky Barrels Direct Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	Straight line at 33%
Motor vehicles	Reducing balance at 25%
Furniture and fittings	Straight line at 20%
Plant and machinery	Reducing balance at 10%

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Employees and Directors

The average number of persons employed by the company (including the director) during the period, was 2 (2024 - 2).

Whisky Barrels Direct Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 31 March 2025

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 September 2024	3,258	37,540	9,882	10,173
Additions	-	7,450	-	3,000
Disposals	-	-	-	(3,000)
At 31 March 2025	3,258	44,990	9,882	10,173
Depreciation
At 1 September 2024	2,031	7,948	6,869	8,056
Charge for the period	202	2,161	898	309
At 31 March 2025	2,233	10,109	7,767	8,365
Carrying amount
At 31 March 2025	1,025	34,881	2,115	1,808
At 31 August 2024	1,227	29,592	3,013	2,117

	Total £
Cost or valuation
At 1 September 2024	60,853
Additions	10,450
Disposals	(3,000)
At 31 March 2025	68,303
Depreciation
At 1 September 2024	24,904
Charge for the period	3,570
At 31 March 2025	28,474
Carrying amount
At 31 March 2025	39,829
At 31 August 2024	35,949

Whisky Barrels Direct Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 31 March 2025

5

Stocks

	2025 £	2024 £
Other inventories	61,480	31,000

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		4,112	22,830
Amounts owed by related parties	9	119,311	117,714
Prepayments		2,233	2,840
Other debtors		5,948	-
		131,604	143,384

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	6,269	-
Trade creditors		23,167	48,144
Taxation and social security		27,620	26,114
Other creditors		8,505	15,792
		65,561	90,050

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	6,269	-

Whisky Barrels Direct Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 31 March 2025

9	Related party transactions

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

	1 September 2024 to 31 March 2025  £	Year ended 31 August 2024  £
Mr Patrick Noel Keir	5,202	13,005
	5,202	13,005

The maximum balance outstanding during the year amounted to £13,005.

The director's current account is repayable on demand.

Included within other debtors is an inter-company loan of £117,714 (2024:£117,714) owed by Falkirk Properties Ltd, a company which has the same director as Whisky Barrels Direct Ltd.

Also included within other debtors is an inter-company loan of £1,598 (2024:£nil) owed by Distillery Supplies Ltd, a company which has the same director as Whisky Barrels Direct Ltd.

Inter-company loans are repayable on demand.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Whisky Barrels Direct Ltd
for the Period Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Whisky Barrels Direct Ltd for the period ended 31 March 2025 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Whisky Barrels Direct Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Whisky Barrels Direct Ltd and state those matters that we have agreed to state to the Board of Directors of Whisky Barrels Direct Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whisky Barrels Direct Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Whisky Barrels Direct Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Whisky Barrels Direct Ltd. You consider that Whisky Barrels Direct Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Whisky Barrels Direct Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

18 November 2025