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Company No: 13941455 (England and Wales)

# ID SPIRITS LIMITED
(Formerly JD Spirits Limited)

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 28 AUGUST 2025
PAGES FOR FILING WITH THE REGISTRAR

ID SPIRITS LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 AUGUST 2025

Contents

ID SPIRITS LIMITED

## BALANCE SHEET

AS AT 28 AUGUST 2025
ID SPIRITS LIMITED

## BALANCE SHEET (continued)

AS AT 28 AUGUST 2025

| Note | 28.08.2025 |  | 28.08.2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 50,388 |  | 63,987
|  | 50,388 |  | 63,987
Current assets |  |  |  |
Stocks |  | 75,000 |  | 0
Debtors | 4 | 182,600 |  | 1,256,606
Cash at bank and in hand |  | 51,385 |  | 34,636
|  | 308,985 |  | 1,291,242
Creditors: amounts falling due within one year | 5 | ( 15,190) |  | ( 1,699,148)
Net current assets/(liabilities) |  | 293,795 |  | (407,906)
Total assets less current liabilities |  | 344,183 |  | (343,919)
Creditors: amounts falling due after more than one year | 6 | ( 1,807,779) |  | 0
Net liabilities |  | ( 1,463,596) |  | ( 343,919)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 1 |  | 1
Profit and loss account |  | ( 1,463,597 ) |  | ( 343,920 )
Total shareholder's deficit |  | ( 1,463,596) |  | ( 343,919)

For the financial year ending 28 August 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of ID Spirits Limited (registered number: 13941455) were approved and authorised for issue by the Director on 25 May 2026. They were signed on its behalf by:

Isabel-Catherine Demel Director |

ID SPIRITS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 AUGUST 2025
ID SPIRITS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 AUGUST 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

##### General information and basis of accounting

JD Spirits Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Bristol Office 2nd Floor, 5 High Street, Westbury-On-Trym, Bristol, England, BS9 3BY.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £1,463,596. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable liabilities can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Reporting period length

The financial statements for the period ended 28 August 2024 reflect a period of 546 days, as a result the prior periods figures shown are not entirely comparable.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the storage, bottling and labelling of whisky is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 25 % reducing balance

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
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 profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| Year ended 28.08.2025 |  | Period from 01.03.2023 to 28.08.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the unpaid director | 6 |  | 5

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 29 August 2024 | 83,187 |  | 83,187
Additions | 2,595 |  | 2,595
At 28 August 2025 | 85,782 |  | 85,782
Accumulated depreciation |  |  |
At 29 August 2024 | 19,200 |  | 19,200
Charge for the financial year | 16,194 |  | 16,194
At 28 August 2025 | 35,394 |  | 35,394
Net book value |  |  |
At 28 August 2025 | 50,388 |  | 50,388
At 28 August 2024 | 63,987 |  | 63,987

#### 4. Debtors

| 28.08.2025 |  | 28.08.2024
| £ |  | £
Trade debtors | 76,288 |  | 90,063
Other debtors | 106,312 |  | 1,166,543
| 182,600 |  | 1,256,606

#### 5. Creditors: amounts falling due within one year

| 28.08.2025 |  | 28.08.2024
| £ |  | £
Trade creditors | 0 |  | 16,329
Other taxation and social security | 3,293 |  | 23,721
Other creditors | 11,897 |  | 1,659,098
| 15,190 |  | 1,699,148

#### 6. Creditors: amounts falling due after more than one year

| 28.08.2025 |  | 28.08.2024
| £ |  | £
Other creditors | 1,807,779 |  | 0

#### 7. Called-up share capital

| 28.08.2025 |  | 28.08.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1

#### 8. Financial commitments

Other financial commitments

| 28.08.2025 |  | 28.08.2024
| £ |  | £
Total commitments under non-cancellable operating leases not provided for in the accounts | 158,200 |  | 226,000

#### 9. Related party transactions

Transactions with the entity's director

| 28.08.2025 |  | 28.08.2024
| £ |  | £
Amounts owed to Directors | 1,807,779 |  | 489,750

This loan is interest free and repayable on demand.