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REGISTERED NUMBER: 02036502 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

CHELTENHAM CHEESE CO LIMITED

CHELTENHAM CHEESE CO LIMITED (REGISTERED NUMBER: 02036502)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


CHELTENHAM CHEESE CO LIMITED (REGISTERED NUMBER: 02036502)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,000 5,000
Tangible assets 5 68,784 94,197
72,784 99,197

CURRENT ASSETS
Stocks 32,725 38,091
Debtors 6 171,755 172,201
Cash at bank and in hand 227,299 285,546
431,779 495,838
CREDITORS
Amounts falling due within one year 7 71,779 127,519
NET CURRENT ASSETS 360,000 368,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,784

467,516

PROVISIONS FOR LIABILITIES 17,197 17,897
NET ASSETS 415,587 449,619

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 415,487 449,519
SHAREHOLDERS' FUNDS 415,587 449,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

CHELTENHAM CHEESE CO LIMITED (REGISTERED NUMBER: 02036502)

BALANCE SHEET - continued
31 AUGUST 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2024 and were signed on its behalf by:




P G Glanville - Director



Ms R L Lavin - Director


CHELTENHAM CHEESE CO LIMITED (REGISTERED NUMBER: 02036502)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Cheltenham Cheese Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02036502

Registered office: 147 Fairview Road
Cheltenham
Gloucestershire
GL52 2EX

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.

Turnover
Turnover is that value of goods (net of VAT) provided to customers during the year. Turnover is recognised on the sale of goods when the goods are delivered and the title has passed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
The following assets and liabilities are classified as basic financial instruments - trade debtors, trade creditors and directors' loans..

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CHELTENHAM CHEESE CO LIMITED (REGISTERED NUMBER: 02036502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

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.

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.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern
The directors have considered the risks and issues concerning the company and its activities, and no
material uncertainties that may cast significant doubt about the company's ability to continue as a
going concern have been identified by the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 10,000
AMORTISATION
At 1 September 2022 5,000
Charge for year 1,000
At 31 August 2023 6,000
NET BOOK VALUE
At 31 August 2023 4,000
At 31 August 2022 5,000

CHELTENHAM CHEESE CO LIMITED (REGISTERED NUMBER: 02036502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 September 2022 4,457 36,775 175,741 216,973
Additions - 1,130 - 1,130
Disposals - (1,389 ) (20,669 ) (22,058 )
At 31 August 2023 4,457 36,516 155,072 196,045
DEPRECIATION
At 1 September 2022 4,457 30,687 87,632 122,776
Charge for year - 1,138 21,138 22,276
Eliminated on disposal - (682 ) (17,109 ) (17,791 )
At 31 August 2023 4,457 31,143 91,661 127,261
NET BOOK VALUE
At 31 August 2023 - 5,373 63,411 68,784
At 31 August 2022 - 6,088 88,109 94,197

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 161,647 154,710
VAT - 10,434
Prepayments and accrued income 10,108 7,057
171,755 172,201

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 29,168 101,373
Corporation Tax 21,218 7,592
Social security and other taxes 2,891 3,520
VAT 2,233 -
Directors' current accounts 12,299 10,992
Accrued expenses 3,970 4,042
71,779 127,519

CHELTENHAM CHEESE CO LIMITED (REGISTERED NUMBER: 02036502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
P G Glanville
Balance outstanding at start of year (10,368 ) (11,239 )
Amounts advanced - 6,435
Amounts repaid (995 ) (5,564 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (11,363 ) (10,368 )

Ms R L Lavin
Balance outstanding at start of year (624 ) (312 )
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (936 ) (624 )

There are no set repayment terms and no interest has been charged.

9. CHARGES

On 6 March 1989 HSBC Bank PLC registered a fixed and floating charge over all debts and assets due to and owned by the company.