Company Registration No. 10871643 (England and Wales)
Glamorgan Cheeses Ltd
Unaudited accounts
for the year ended 31 July 2024
Glamorgan Cheeses Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
8,038
13,946
Cash at bank and in hand
68,821
18,969
Creditors: amounts falling due within one year
(81,013)
(50,315)
Net current assets
44,864
23,655
Total assets less current liabilities
52,902
37,601
Provisions for liabilities
Deferred tax
(1,526)
(3,968)
Called up share capital
100
100
Profit and loss account
51,276
33,533
Shareholders' funds
51,376
33,633
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 April 2025 and were signed on its behalf by
Thomas Pinder
Director
Company Registration No. 10871643
Glamorgan Cheeses Ltd
Notes to the Accounts
for the year ended 31 July 2024
Glamorgan Cheeses Ltd is a private company, limited by shares, registered in England and Wales, registration number 10871643. The registered office is 20 Bernard Avenue, Canton, Cardiff, CF5 1BT, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
29,256
2,133
3,440
34,829
At 31 July 2024
29,847
2,133
4,273
36,253
At 1 August 2023
16,826
1,480
2,577
20,883
Charge for the year
6,541
408
524
7,473
On disposals
(141)
-
-
(141)
At 31 July 2024
23,226
1,888
3,101
28,215
At 31 July 2024
6,621
245
1,172
8,038
At 31 July 2023
12,430
653
863
13,946
Glamorgan Cheeses Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
12,979
12,676
Accrued income and prepayments
2,071
2,634
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
4,936
(11,429)
Other creditors
5,563
4,837
Loans from directors
18,453
40,756
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Average number of employees
During the year the average number of employees was 5 (2023: 7).