REGISTERED NUMBER: SC560549 (Scotland)

NORTH UIST DISTILLERY LTD

Financial Statements for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Ingledew

K A Macdonald

C Lynden

H R Gabb

REGISTERED OFFICE:

Bayview

Baymore

Grimsay

Isle of North Uist

HS6 5HX

REGISTERED NUMBER:

SC560549 (Scotland)

ACCOUNTANTS:

Mann Judd Gordon Ltd

Chartered Accountants

26 Lewis Street

Stornoway

Isle of Lewis

HS1 2JF

FIXED ASSETS

Intangible assets

5

1,243

1,243

Tangible assets

6

2,519,078

2,643,655

2,520,321

2,644,898

CURRENT ASSETS

Stocks

781,311

507,924

Debtors

7

374,772

280,965

Cash at bank and in hand

179,726

286,963

1,335,809

1,075,852

CREDITORS

Amounts falling due within one year

8

84,417

58,988

NET CURRENT ASSETS

1,251,392

1,016,864

TOTAL ASSETS LESS CURRENT LIABILITIES

3,771,713

3,661,762

CREDITORS

Amounts falling due after more than one year

9

(173,414

)

(180,558

)

PROVISIONS FOR LIABILITIES

(220,494

)

(53,002

)

ACCRUALS AND DEFERRED INCOME

10

(1,192,144

)

(1,693,920

)

NET ASSETS

2,185,661

1,734,282

CAPITAL AND RESERVES

Called up share capital

11

138

138

Share premium

1,394,995

1,394,995

Retained earnings

790,528

339,149

SHAREHOLDERS' FUNDS

2,185,661

1,734,282

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2026 and were signed on its behalf by:

J Ingledew - Director

K A Macdonald - Director

1.	STATUTORY INFORMATION

North Uist Distillery 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 (£).

The financial statements are rounded to the nearest £1.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable from the sale of gin and whisky, distillery tours, tasting sessions and merchandise. Turnover excludes excise duties and is stated net of discounts, returns and value added tax and other sales taxes. The sale of goods are recognised depending upon individual customer terms based on the point at which the transfer of control is deemed to have been made.

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:- . The company has transferred the significant risks and rewards of ownership to the buyer; the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; the amount of revenue and the costs incurred can be measured reliably and it is probable that the company will receive the consideration due under the transaction.

The income from Advance Cask Sales is recognised as deferred income and capitalised within Accruals and Deferred Income on the face of the Balance Sheet. This income in advance will be recognised in turnover when the above conditions are satisfied.

Intangible assets

Trade Mark costs are measured at cost. Amortisation is not provided on trade mark costs but trade marks are periodically reviewed for impairment.

Tangible fixed assets

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

Freehold property

-

2% depreciation on cost

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

at varying rates on cost

Computer equipmt & Website

-

at varying rates 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 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2025 - 13 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

and 31 March 2026

1,243

NET BOOK VALUE

At 31 March 2026

1,243

At 31 March 2025

1,243

6.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2025

118,182

594,751

2,046,039

Additions

-

34,740

11,536

Disposals

-

(49,225

)

-

At 31 March 2026

118,182

580,266

2,057,575

DEPRECIATION

At 1 April 2025

9,742

11,895

118,141

Charge for year

2,364

11,430

104,331

At 31 March 2026

12,106

23,325

222,472

NET BOOK VALUE

At 31 March 2026

106,076

556,941

1,835,103

At 31 March 2025

108,440

582,856

1,927,898

Fixtures

Computer

and

Motor

equipmt &

fittings

vehicles

Website

Totals

£

£

£

£

COST

At 1 April 2025

20,370

35,998

27,189

2,842,529

Additions

-

-

5,044

51,320

Disposals

-

-

-

(49,225

)

At 31 March 2026

20,370

35,998

32,233

2,844,624

DEPRECIATION

At 1 April 2025

11,803

22,393

24,900

198,874

Charge for year

2,973

3,401

2,173

126,672

At 31 March 2026

14,776

25,794

27,073

325,546

NET BOOK VALUE

At 31 March 2026

5,594

10,204

5,160

2,519,078

At 31 March 2025

8,567

13,605

2,289

2,643,655

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

51,262

67,356

Other debtors

323,510

213,609

374,772

280,965

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

379

10,558

Trade creditors

50,339

16,940

Taxation and social security

8,567

11,170

Other creditors

25,132

20,320

84,417

58,988

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Other creditors

173,414

180,558

10.	ACCRUALS AND DEFERRED INCOME

31.3.26

31.3.25

£

£

Accruals and deferred income

429,875

898,213

Deferred government grants

762,269

795,707

1,192,144

1,693,920

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

1,000,000

Ordinary

0.000

1

100

100

234,730

A1 Ordinary

0.000

1

23

23

152,780

A2 Ordinary

0.000

1

15

15

138

138

12.	CAPITAL COMMITMENTS

31.3.26

31.3.25

£

£

Contracted but not provided for in the

financial statements

21,000

21,000

13.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its directors the sum of £171,442 (2025 : £174,295) in respect of loans made to the company. No interest was charged on loan balances and no fixed repayment terms are in place.

14.	GOVERNMENT GRANTS

The Company was in receipt of revenue grants in the year from various funders to the value of £49,921 (2025 :£9,000).

The Company was also in receipt of capital grants in the year from various funders. These grants have been deferred and capitalised as deferred grants in the balance sheet. These deferred capital grants are being released to the profit and loss account in line with the depreciation charged on the assets to which the grants relate.

Deferred Capital grants are included within Accruals and Deferred Income on the Balance Sheet.

£

Deferred Grants brought forward

795,707

Capital Grants received in the year

22,999

Release of deferred grant

(56,437

)

Deferred Grants carried forward

762,269