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REGISTERED NUMBER: 10137777 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Cheddar MX Store Limited

Cheddar MX Store Limited (Registered number: 10137777)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cheddar MX Store Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: R T Skinner





REGISTERED OFFICE: Cheddar Head Farm
Priddy
Wells
Somerset
BA5 3BU





REGISTERED NUMBER: 10137777 (England and Wales)





ACCOUNTANT: Mr N Tyler

Cheddar MX Store Limited (Registered number: 10137777)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,948 125,261

CURRENT ASSETS
Stocks 5 166,842 156,380
Debtors 6 51,626 131,317
Cash at bank and in hand 21,717 30,954
240,185 318,651
CREDITORS
Amounts falling due within one year 7 155,110 225,745
NET CURRENT ASSETS 85,075 92,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,023

218,167

CREDITORS
Amounts falling due after more than one
year

8

(107,530

)

(115,367

)

PROVISIONS FOR LIABILITIES 9 (26,590 ) (23,800 )
NET ASSETS 90,903 79,000

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 90,902 78,999
SHAREHOLDERS' FUNDS 90,903 79,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cheddar MX Store Limited (Registered number: 10137777)

Balance Sheet - continued
30 April 2024


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 director and authorised for issue on 19 January 2025 and were signed by:





R T Skinner - Director


Cheddar MX Store Limited (Registered number: 10137777)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Cheddar MX Store Limited 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Cheddar MX Store Limited (Registered number: 10137777)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 139,028 - 59,496 2,898 201,422
Additions 12,900 2,475 44,349 2,265 61,989
At 30 April 2024 151,928 2,475 103,845 5,163 263,411
DEPRECIATION
At 1 May 2023 39,422 - 34,387 2,352 76,161
Charge for year 28,126 619 17,289 1,268 47,302
At 30 April 2024 67,548 619 51,676 3,620 123,463
NET BOOK VALUE
At 30 April 2024 84,380 1,856 52,169 1,543 139,948
At 30 April 2023 99,606 - 25,109 546 125,261

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 166,842 156,380

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 51,626 131,317

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 36,482 52,687
Hire purchase contracts 16,827 25,232
Trade creditors 9,640 15,794
Amounts owed to associates 34,613 48,593
Tax 30,343 22,277
VAT 3,804 7,490
Directors' current accounts 51 48,031
Accruals and deferred income 23,350 5,641
155,110 225,745

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 107,530 115,367

Cheddar MX Store Limited (Registered number: 10137777)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 26,590 23,800

Deferred
tax
£   
Balance at 1 May 2023 23,800
Accelerated capital allowances 2,790
Balance at 30 April 2024 26,590

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 A Ordinary 1 1 1

11. RESERVES
Retained
earnings
£   

At 1 May 2023 78,999
Profit for the year 31,103
Dividends (19,200 )
At 30 April 2024 90,902