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The Creamery Ltd

Registered Number
13096461
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

The Creamery Ltd
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

Mrs L Melville-Brown
Mr S Page

Registered Address

The Red House
West Hill
Braunton
EX33 1AR

Registered Number

13096461 (England and Wales)
The Creamery Ltd
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3585,527592,783
585,527592,783
Current assets
Debtors42,4601,714
Cash at bank and on hand1511,845
2,6113,559
Creditors amounts falling due within one year5(271,402)(255,423)
Net current assets (liabilities)(268,791)(251,864)
Total assets less current liabilities316,736340,919
Creditors amounts falling due after one year6(286,762)(304,904)
Provisions for liabilities7(7,553)(7,573)
Net assets22,42128,442
Capital and reserves
Called up share capital44
Profit and loss account22,41728,438
Shareholders' funds22,42128,442
The financial statements were approved and authorised for issue by the Board of Directors on 2 July 2025, and are signed on its behalf by:
Mrs L Melville-Brown
Director
Registered Company No. 13096461
The Creamery Ltd
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The Creamery Ltd 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.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Taxation for the period 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 period 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.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Reducing balance (%)Straight line (years)
Fixtures and fittings15-
Vehicles-15
Office Equipment15-
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 January 24545,7733,00062,7702,051613,594
At 31 December 24545,7733,00062,7702,051613,594
Depreciation and impairment
At 01 January 24-1,36118,95249820,811
Charge for year-4516,5722337,256
At 31 December 24-1,81225,52473128,067
Net book value
At 31 December 24545,7731,18837,2461,320585,527
At 31 December 23545,7731,63943,8181,553592,783
4.Debtors: amounts due within one year

2024

2023

££
Other debtors2,4601,714
Total2,4601,714
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security7,5437,543
Other creditors261,472244,821
Accrued liabilities and deferred income2,3873,059
Total271,402255,423
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts286,762304,904
Total286,762304,904
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)7,5537,573
Total7,5537,573