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REGISTERED NUMBER: 04912190 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Fine Cheeses Limited

Fine Cheeses Limited (Registered number: 04912190)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fine Cheeses Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr M D Lee
Mr F M A Marcotullio





SECRETARY: Mr P R Lee





REGISTERED OFFICE: Unit 8 & 9
Lister Park
Green Lane Industrial Estate
Featherstone
West Yorkshire
WF7 6FE





REGISTERED NUMBER: 04912190 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Fine Cheeses Limited (Registered number: 04912190)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 543,934 553,109
543,934 553,109

CURRENT ASSETS
Stocks 144,622 156,501
Debtors 6 442,033 532,114
Prepayments and accrued income 1,573 3,812
Cash at bank and in hand 316,930 185,234
905,158 877,661
CREDITORS
Amounts falling due within one year 7 (469,143 ) (499,021 )
NET CURRENT ASSETS 436,015 378,640
TOTAL ASSETS LESS CURRENT LIABILITIES 979,949 931,749

CREDITORS
Amounts falling due after more than one
year

8

(287,509

)

(308,567

)

PROVISIONS FOR LIABILITIES (17,307 ) (16,365 )
NET ASSETS 675,133 606,817

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 675,033 606,717
675,133 606,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Fine Cheeses Limited (Registered number: 04912190)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





Mr M D Lee - Director


Fine Cheeses Limited (Registered number: 04912190)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Fine Cheeses 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance, 20% on reducing balance and 10% 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 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.


Fine Cheeses Limited (Registered number: 04912190)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 30,000
AMORTISATION
At 1 January 2024
and 31 December 2024 30,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Fine Cheeses Limited (Registered number: 04912190)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 625,360 47,661 142,215
Additions - 5,669 -
Disposals - - -
At 31 December 2024 625,360 53,330 142,215
DEPRECIATION
At 1 January 2024 141,987 39,870 137,635
Charge for year 12,507 3,194 1,185
Eliminated on disposal - - -
At 31 December 2024 154,494 43,064 138,820
NET BOOK VALUE
At 31 December 2024 470,866 10,266 3,395
At 31 December 2023 483,373 7,791 4,580

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 103,262 97,685 1,016,183
Additions 24,489 714 30,872
Disposals (21,515 ) - (21,515 )
At 31 December 2024 106,236 98,399 1,025,540
DEPRECIATION
At 1 January 2024 67,341 76,241 463,074
Charge for year 12,362 5,693 34,941
Eliminated on disposal (16,409 ) - (16,409 )
At 31 December 2024 63,294 81,934 481,606
NET BOOK VALUE
At 31 December 2024 42,942 16,465 543,934
At 31 December 2023 35,921 21,444 553,109

Fine Cheeses Limited (Registered number: 04912190)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 455,179 520,668
Bad debt provision (24,719 ) -
VAT 11,573 11,446
442,033 532,114

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,003 19,340
Hire purchase contracts 6,768 8,384
Trade creditors 346,751 354,929
Corporation tax payable 31,362 46,639
Social security and other taxes 7,397 8,648
Wages control account 9,615 11,653
Pension control account 1,556 -
Directors' current accounts 34,000 34,824
Accruals and deferred income 9,691 14,604
469,143 499,021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 276,230 290,520
Hire purchase contracts 11,279 18,047
287,509 308,567