REGISTERED NUMBER: SC629065 (Scotland)

Financial Statements

for the Year Ended 30 April 2025

for

The Lighthouse Spirits Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J G Stevenson

Mrs L M Stevenson

G Stevenson

A Stevenson

Ms L J Stevenson

REGISTERED OFFICE:

C/O O'Haras Chartered Accountants

1 Golf Road

Clarkston

Glasgow

G76 7HU

REGISTERED NUMBER:

SC629065 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Property, plant and equipment

3

84,946

64,233

Investments

4

85

85

85,031

64,318

CURRENT ASSETS

Inventories

1,243,759

1,058,106

Debtors

5

302,818

1,069,011

Cash at bank

39,073

2,640

1,585,650

2,129,757

CREDITORS

Amounts falling due within one year

6

46,738

732,721

NET CURRENT ASSETS

1,538,912

1,397,036

TOTAL ASSETS LESS CURRENT LIABILITIES

1,623,943

1,461,354

CREDITORS

Amounts falling due after more than one year

7

(758,212

)

(531,089

)

PROVISIONS FOR LIABILITIES

(21,237

)

(16,058

)

NET ASSETS

844,494

914,207

CAPITAL AND RESERVES

Called up share capital

8

160

160

Retained earnings

844,334

914,047

SHAREHOLDERS' FUNDS

844,494

914,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 17 December 2025 and were signed on its behalf by:

A J G Stevenson - Director

1.	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.

Going concern

The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue

Revenue represents amounts chargeable to clients for the sale of goods provided during the year, net of any sales tax. Goods provided during the year, which includes the sale of alcohol spirits, which at the balance sheet date have not been billed, have been recognised as revenue.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Inventories

Inventories 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

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

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2024

1,215

80,439

3,898

85,552

Additions

-

31,787

1,584

33,371

At 30 April 2025

1,215

112,226

5,482

118,923

DEPRECIATION

At 1 May 2024

311

19,430

1,578

21,319

Charge for year

136

10,932

1,590

12,658

At 30 April 2025

447

30,362

3,168

33,977

NET BOOK VALUE

At 30 April 2025

768

81,864

2,314

84,946

At 30 April 2024

904

61,009

2,320

64,233

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

and 30 April 2025

85

NET BOOK VALUE

At 30 April 2025

85

At 30 April 2024

85

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,825

797,298

Amounts owed by group undertakings

280,935

264,586

Other debtors

13,058

7,127

302,818

1,069,011

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

619,793

Taxation and social security

-

91,250

Other creditors

46,738

21,678

46,738

732,721

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

758,212

531,089

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary A

£1

2

80

(2024 - 80 )

2

Ordinary B

£1

2

20

(2024 - 20 )

52

Ordinary C

£1

52

20

(2024 - 20 )

52

Ordinary D

£1

52

20

(2024 - 20 )

52

Ordinary E

£1

52

20

(2024 - 20 )

160

160