REGISTERED NUMBER: SC415772 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Select Drams Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs A Connery

SECRETARY:

Mrs A Connery

REGISTERED OFFICE:

24/26 Langlands Place

Langlands Business Park

East Kilbride

G75 0YF

REGISTERED NUMBER:

SC415772 (Scotland)

ACCOUNTANTS:

Gillespie & Anderson

Chartered Accountants

147 Bath Street

Glasgow

G2 4SN

FIXED ASSETS

Intangible assets

4

143

152

Tangible assets

5

100,372

73,384

100,515

73,536

CURRENT ASSETS

Stocks

770,288

590,899

Debtors

6

757,494

695,249

Cash at bank and in hand

86,032

163,162

1,613,814

1,449,310

CREDITORS

Amounts falling due within one year

7

737,409

644,011

NET CURRENT ASSETS

876,405

805,299

TOTAL ASSETS LESS CURRENT LIABILITIES

976,920

878,835

CREDITORS

Amounts falling due after more than one year

8

-

(7,887

)

PROVISIONS FOR LIABILITIES

(21,374

)

(18,346

)

NET ASSETS

955,546

852,602

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

955,545

852,601

SHAREHOLDERS' FUNDS

955,546

852,602

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2026 and were signed by:

Mrs A Connery - Director

1.	STATUTORY INFORMATION

Select Drams Ltd. 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.

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.

Going concern

The financial statements are prepared on the going concern basis of accounting as, in the opinion of the directors, there are no matters of material uncertainty which cast doubt on the company's ability to continue.

Significant judgements and estimates

The Directors have made judgements, estimates and assumptions that affect the amounts reported within the financial statements during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The Directors' estimates, assumptions and judgements that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the financial statements are addressed and detail is provided in the associated notes.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax and is recognised when the company becomes entitled to the income.

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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

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 etc

-

25% on cost and 10% 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.

Financial instruments

The company has no complex financial instruments but does hold basic financial instruments of; cash at bank and hand, debtors and creditors.

Cash and cash equivalents comprise cash at bank and on hand. A bank overdraft would be shown within current liabilities.

Trade and other debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.

Trade and other creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.

Taxation

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

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.

Employee benefits

The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.

Provision for liabilities

A provision is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated reliably. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

170

AMORTISATION

At 1 January 2025

18

Charge for year

9

At 31 December 2025

27

NET BOOK VALUE

At 31 December 2025

143

At 31 December 2024

152

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

155,975

Additions

61,939

Disposals

(15,455

)

At 31 December 2025

202,459

DEPRECIATION

At 1 January 2025

82,591

Charge for year

34,951

Eliminated on disposal

(15,455

)

At 31 December 2025

102,087

NET BOOK VALUE

At 31 December 2025

100,372

At 31 December 2024

73,384

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

732,903

683,728

Other debtors

24,591

11,521

757,494

695,249

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

10,311

Trade creditors

601,677

426,679

Taxation and social security

101,428

163,056

Other creditors

34,304

43,965

737,409

644,011

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

7,887

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

60,056

30,000

Between one and five years

147,724

57,500

In more than five years

54,607

-

262,387

87,500

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

18,198

The Royal Bank of Scotland plc holds a bond and floating charge over the assets of the company. In addition, a personal guarantee has been made by the Director for £80,000 to The Royal Bank of Scotland plc along with security against 35 School Road, Sandford, Strathaven.

A Bounce Bank Loan for £50,000 was drawn in 2020. Interest is charged at 2.5% per annum with no interest paid in the first 12 months.

The loan has been settled and the securities being released in April 2025.