REGISTERED NUMBER: 08632159 (England and Wales)

Brighton Spirits Company Ltd

Unaudited Financial Statements for the Year Ended 31 July 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I E Barry

Ms K M K Caton

REGISTERED OFFICE:

35a Vale Road

Portslade

Brighton

East Sussex

BN41 1GD

REGISTERED NUMBER:

08632159 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Intangible assets

4

6,812

12,483

Tangible assets

5

22,137

31,344

28,949

43,827

CURRENT ASSETS

Stocks

44,330

56,997

Debtors

6

135,621

121,752

Cash at bank and in hand

18,341

3,839

198,292

182,588

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

212,323

179,616

NET CURRENT (LIABILITIES)/ASSETS

(14,031

)

2,972

TOTAL ASSETS LESS CURRENT LIABILITIES

14,918

46,799

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

8

-

(40,714

)

PROVISIONS FOR LIABILITIES

-

(7,605

)

NET ASSETS/(LIABILITIES)

14,918

(1,520

)

CAPITAL AND RESERVES

Called up share capital

11

6,500

6,500

Share premium

116,501

116,501

Retained earnings

(108,083

)

(124,521

)

SHAREHOLDERS' FUNDS

14,918

(1,520

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Ms K M K Caton - Director

Mr I E Barry - Director

1.	STATUTORY INFORMATION

Brighton Spirits Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents sales of goods, net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

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.

Trademarks are being amortised evenly over their estimated useful life of seven years.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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 the profit or loss. Reversals of impairment losses are also recognised in the profit or loss

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred. Identifiable expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

Leases are classified as finance leases whenever the terms of the lease transfer substantially all of the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Pension costs and other post-retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expenses as they fall due.

Going concern

These financial statements have been prepared on a going concern basis. The directors have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern.

At the time of approving the financial statements the directors believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue its operations for at least the next twelve months and have indicated their willingness to continue to support the company for at least this period. The directors have thus concluded that the going concern basis remains appropriate.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Trademarks

Website

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

31,336

7,000

38,336

AMORTISATION

At 1 August 2024

20,136

5,717

25,853

Amortisation for year

4,388

1,283

5,671

At 31 July 2025

24,524

7,000

31,524

NET BOOK VALUE

At 31 July 2025

6,812

-

6,812

At 31 July 2024

11,200

1,283

12,483

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 August 2024

25,455

40,058

17,664

Additions

-

780

-

At 31 July 2025

25,455

40,838

17,664

DEPRECIATION

At 1 August 2024

12,422

28,285

16,931

Charge for year

5,091

3,143

504

At 31 July 2025

17,513

31,428

17,435

NET BOOK VALUE

At 31 July 2025

7,942

9,410

229

At 31 July 2024

13,033

11,773

733

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2024

10,430

5,705

99,312

Additions

270

-

1,050

At 31 July 2025

10,700

5,705

100,362

DEPRECIATION

At 1 August 2024

4,625

5,705

67,968

Charge for year

1,519

-

10,257

At 31 July 2025

6,144

5,705

78,225

NET BOOK VALUE

At 31 July 2025

4,556

-

22,137

At 31 July 2024

5,805

-

31,344

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

47,118

36,369

Amounts owed by associates

81,195

81,195

Other debtors

7,308

4,188

135,621

121,752

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

40,714

48,857

Hire purchase contracts (see note 9)

-

2,395

Trade creditors

27,285

33,250

Taxation and social security

44,218

33,895

Other creditors

100,106

61,219

212,323

179,616

Included in other creditors is an amount of £30,000 which is a loan to the company by a third party. This loan is interest free, unsecured and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

40,714

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

-

2,395

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

40,714

89,571

Hire purchase contracts

-

2,395

Other loans

21,909

22,059

62,623

114,025

Hire purchase agreements are secured over the relevant asset.

Other loans are secured by way of a fixed and floating charge over the company's assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

650,000

Ordinary

£0.01

6,500

6,500

12.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its directors £2,891 (2024: £10,881).This loan is unsecured, interest free and repayable on demand.

Also at the balance sheet date the company owed balances totalling £14,366 (2024: £nil) to a company with similar directors. This loan is unsecured, interest free and repayable on demand.