Cardiff Distillery Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11896006 (England and Wales)

CARDIFF DISTILLERY LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J A Miller

P Miller

REGISTERED OFFICE:

19 Freemans Park

Cardiff

CF11 8EQ

REGISTERED NUMBER:

11896006 (England and Wales)

ACCOUNTANTS:

Bevan Buckland Ltd

Chartered Accountants

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

FIXED ASSETS

Tangible assets

4

707,367

911,018

CURRENT ASSETS

Stocks

131,508

Debtors

5

274,767

294,726

Cash at bank

158,066

84,005

564,341

510,239

CREDITORS

Amounts falling due within one year

6

306,425

890,356

NET CURRENT ASSETS/(LIABILITIES)

257,916

(380,117

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

965,283

530,901

CREDITORS

Amounts falling due after more than one
year

7

107,216

175,014

NET ASSETS

858,067

355,887

CAPITAL AND RESERVES

Called up share capital

152

Share premium

305,948

Retained earnings

551,967

49,787

858,067

355,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 10 August 2026 and were signed on its behalf by:

Mrs J A Miller - Director

1.	STATUTORY INFORMATION

Cardiff Distillery 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Leasehold improvements

-

Straight line over 4 years

Plant and Machinery

-

15% reducing balance

Fixtures and fittings

-

15% reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2025 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

Computer

improvements

Machinery

fittings

equipment

Totals

£

COST

At 1 April 2025

84,904

1,270,141

14,972

8,331

1,378,348

Additions

-

89,525

-

669

90,194

Disposals

-

(288,404

)

-

(288,404

)

At 31 March 2026

84,904

1,071,262

14,972

9,000

1,180,138

DEPRECIATION

At 1 April 2025

6,792

445,619

7,656

7,263

467,330

Charge for year

3,396

110,434

1,097

1,098

116,025

Eliminated on disposal

-

(110,584

)

-

(110,584

)

At 31 March 2026

10,188

445,469

8,753

8,361

472,771

NET BOOK VALUE

At 31 March 2026

74,716

625,793

6,219

639

707,367

At 31 March 2025

78,112

824,522

7,316

1,068

911,018

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

229,214

242,335

Other debtors

45,553

52,391

274,767

294,726

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Hire purchase contracts

73,189

97,893

Trade creditors

126,265

526,365

Taxation and social security

102,225

198,999

Other creditors

4,746

67,099

306,425

890,356

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Hire purchase contracts

46,466

72,932

Other creditors

60,750

102,082

107,216

175,014

8.	RELATED PARTY DISCLOSURES

During the year the director made funds available to the company to assist with the provision of working capital.The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £617 (2025 £62,734).