Silverfin false false 30/09/2024 01/10/2023 30/09/2024 Mrs Ailsa Proverbs MBE 21/09/2012 04 April 2025 The principal activity of the Company during the financial year continued to be that of selling cheese making kits. SC433092 2024-09-30 SC433092 bus:Director1 2024-09-30 SC433092 2023-09-30 SC433092 core:CurrentFinancialInstruments 2024-09-30 SC433092 core:CurrentFinancialInstruments 2023-09-30 SC433092 core:ShareCapital 2024-09-30 SC433092 core:ShareCapital 2023-09-30 SC433092 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC433092 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC433092 core:ComputerEquipment 2023-09-30 SC433092 core:ComputerEquipment 2024-09-30 SC433092 bus:OrdinaryShareClass1 2024-09-30 SC433092 2023-10-01 2024-09-30 SC433092 bus:FilletedAccounts 2023-10-01 2024-09-30 SC433092 bus:SmallEntities 2023-10-01 2024-09-30 SC433092 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC433092 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC433092 bus:Director1 2023-10-01 2024-09-30 SC433092 core:ComputerEquipment core:TopRangeValue 2023-10-01 2024-09-30 SC433092 2022-10-01 2023-09-30 SC433092 core:ComputerEquipment 2023-10-01 2024-09-30 SC433092 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 SC433092 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC433092 (Scotland)

THE BIG CHEESE MAKING KIT LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

THE BIG CHEESE MAKING KIT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024

Contents

THE BIG CHEESE MAKING KIT LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2024
THE BIG CHEESE MAKING KIT LIMITED

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 0 46
0 46
Current assets
Stocks 215,055 217,633
Debtors 4 24,360 35,385
Cash at bank and in hand 86 100
239,501 253,118
Creditors: amounts falling due within one year 5 ( 127,610) ( 122,110)
Net current assets 111,891 131,008
Total assets less current liabilities 111,891 131,054
Provision for liabilities 0 ( 12)
Net assets 111,891 131,042
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 111,890 131,041
Total shareholder's funds 111,891 131,042

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of The Big Cheese Making Kit Limited (registered number: SC433092) were approved and authorised for issue by the Director on 04 April 2025. They were signed on its behalf by:

Mrs Ailsa Proverbs MBE
Director
THE BIG CHEESE MAKING KIT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
THE BIG CHEESE MAKING KIT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Big Cheese Making Kit Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 19 Peregrine Avenue, Haddington, EH41 3TF, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents the amounts receivable from the production and sale of cheese making kits, net of VAT and trade discounts.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings. No impairments were noted during the year.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at cost.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 October 2023 824 824
At 30 September 2024 824 824
Accumulated depreciation
At 01 October 2023 778 778
Charge for the financial year 46 46
At 30 September 2024 824 824
Net book value
At 30 September 2024 0 0
At 30 September 2023 46 46

4. Debtors

2024 2023
£ £
Trade debtors 17,680 27,609
Other debtors 6,680 7,776
24,360 35,385

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank overdrafts 40,289 46,354
Trade creditors 2,743 25,820
Taxation and social security 1,192 10,875
Other creditors 83,386 39,061
127,610 122,110

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1