Distilled Brands Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC433709 (Scotland)

DISTILLED BRANDS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

H A Cunningham

REGISTERED OFFICE:

1 Glenburn Road

East Kilbride

G74 5BA

REGISTERED NUMBER:

SC433709 (Scotland)

CURRENT ASSETS

Stocks

59,559

72,190

Debtors

4

491,551

314,708

Cash at bank

43,832

2,834

594,942

389,732

CREDITORS

Amounts falling due within one year

5

627,654

383,329

NET CURRENT (LIABILITIES)/ASSETS

(32,712

)

6,403

TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,712

)

6,403

CREDITORS

Amounts falling due after more than one
year

6

4,558

12,220

NET LIABILITIES

(37,270

)

(5,817

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(37,271

)

(5,818

)

SHAREHOLDERS' FUNDS

(37,270

)

(5,817

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 December 2025 and were signed by:

H A Cunningham - Director

1.	STATUTORY INFORMATION

Distilled Brands 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 represents sales of goods and services provided in the year, excluding value added tax.

Stocks

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

Financial instruments

Basic financial instruments, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current 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 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The director has prepared the accounts on a going concern basis despite there being net liabilities at the balance sheet date as the company is meeting its liabilities as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

439,198

268,925

Other debtors

38,276

36,214

Tax recoverable

14,077

9,569

491,551

314,708

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

7,667

10,571

Trade creditors

545,630

340,935

Director's loan account

22,355

25,623

Taxation and social security

17

53

Other creditors

51,985

6,147

627,654

383,329

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

4,558

12,220

7.	RELATED PARTY DISCLOSURES

At 31 December 2024 the company's director had provided the company with an interest free loan of £22,355 (2023, £25,623). There are no fixed repayment terms for this loan.