IRIS Accounts Production v25.1.3.33 SC122774 Board of Directors Board of Directors 1.3.24 28.2.25 28.2.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC122774 2024-02-29 SC122774 2025-02-28 SC122774 2024-03-01 2025-02-28 SC122774 2023-02-28 SC122774 2023-03-01 2024-02-29 SC122774 2024-02-29 SC122774 ns15:Scotland 2024-03-01 2025-02-28 SC122774 ns14:PoundSterling 2024-03-01 2025-02-28 SC122774 ns10:Director1 2024-03-01 2025-02-28 SC122774 ns10:Director2 2024-03-01 2025-02-28 SC122774 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC122774 ns10:SmallEntities 2024-03-01 2025-02-28 SC122774 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 SC122774 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 SC122774 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 SC122774 ns10:FullAccounts 2024-03-01 2025-02-28 SC122774 ns10:CompanySecretary1 2024-03-01 2025-02-28 SC122774 ns10:RegisteredOffice 2024-03-01 2025-02-28 SC122774 ns5:CurrentFinancialInstruments 2025-02-28 SC122774 ns5:CurrentFinancialInstruments 2024-02-29 SC122774 ns5:ShareCapital 2025-02-28 SC122774 ns5:ShareCapital 2024-02-29 SC122774 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 SC122774 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 SC122774 ns5:LeaseholdImprovements 2024-03-01 2025-02-28 SC122774 ns5:PlantMachinery 2024-03-01 2025-02-28 SC122774 ns5:MotorVehicles 2024-03-01 2025-02-28 SC122774 ns5:LandBuildings 2024-02-29 SC122774 ns5:LeaseholdImprovements 2024-02-29 SC122774 ns5:PlantMachinery 2024-02-29 SC122774 ns5:MotorVehicles 2024-02-29 SC122774 ns5:LandBuildings 2024-03-01 2025-02-28 SC122774 ns5:LandBuildings 2025-02-28 SC122774 ns5:LeaseholdImprovements 2025-02-28 SC122774 ns5:PlantMachinery 2025-02-28 SC122774 ns5:MotorVehicles 2025-02-28 SC122774 ns5:LandBuildings 2024-02-29 SC122774 ns5:LeaseholdImprovements 2024-02-29 SC122774 ns5:PlantMachinery 2024-02-29 SC122774 ns5:MotorVehicles 2024-02-29 SC122774 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 SC122774 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29

REGISTERED NUMBER: SC122774 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

Island Cheese Company Limited

| Island Cheese Company Limited (Registered number: SC122774) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

| Company information | 1 |

| Balance sheet | 2 |

| Notes to the financial statements | 4 |

| Island Cheese Company Limited |

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | Mrs M Kinniburgh

| Mr G Kinniburgh

| SECRETARY: | Mrs M Kinniburgh

| REGISTERED OFFICE: | The Creamery

| Home Farm

| Brodick

| Isle of Arran

| KA27 8DD

| REGISTERED NUMBER: | SC122774 (Scotland)

| ACCOUNTANTS: | Burgoyne Carey

| Chartered Accountants

| Pavilion 2

| 3 Dava Street

| Broomloan Road

| Glasgow

| G51 2JA

| Island Cheese Company Limited (Registered number: SC122774) |

BALANCE SHEET

28 FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 96,053 |  | 111,259 |  |

CURRENT ASSETS

Stocks | 65,014 |  | 77,062 |  |

Debtors | 5 | 67,826 |  | 71,555 |  |

Cash at bank and in hand | 121,439 |  | 179,816 |  |

254,279 |  | 328,433 |  |

CREDITORS

Amounts falling due within one year | 6 | 47,779 |  | 48,171 |  |

NET CURRENT ASSETS | 206,500 |  | 280,262 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 302,553 |  | 391,521 |  |

PROVISIONS FOR LIABILITIES | 11,610 |  | 14,601 |  |

NET ASSETS | 290,943 |  | 376,920 |  |

CAPITAL AND RESERVES

Called up share capital | 10,000 |  | 10,000 |  |

Retained earnings | 280,943 |  | 366,920 |  |

SHAREHOLDERS' FUNDS | 290,943 |  | 376,920 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

| Island Cheese Company Limited (Registered number: SC122774) |

BALANCE SHEET - continued

28 FEBRUARY 2025

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 16 September 2025 and were signed on its behalf by:

Mr G Kinniburgh - Director

Mrs M Kinniburgh - Director

| Island Cheese Company Limited (Registered number: SC122774) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Island Cheese Company Limited is a private company, limited by shares , registered in Scotland. 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 represents amounts invoiced during the year net, exclusive of Value Added Tax.

| TANGIBLE FIXED ASSETS

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Improvements to property | - | 2% on cost

| Plant and machinery | - | 15% on cost

| Motor vehicles | - | 25% 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.

| 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.

| 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 (2024 - 14 ) .

| Island Cheese Company Limited (Registered number: SC122774) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |  | Plant and |  | Motor |

| property |  | property |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 March 2024 | 30,000 |  | 18,848 |  | 112,448 |  | 54,414 |  | 215,710 |  |

| Additions | - |  | - |  | 5,774 |  | - |  | 5,774 |  |

| At 28 February 2025 | 30,000 |  | 18,848 |  | 118,222 |  | 54,414 |  | 221,484 |  |

| DEPRECIATION

| At 1 March 2024 | - |  | 12,668 |  | 53,659 |  | 38,124 |  | 104,451 |  |

| Charge for year | - |  | 1,610 |  | 12,592 |  | 6,778 |  | 20,980 |  |

| At 28 February 2025 | - |  | 14,278 |  | 66,251 |  | 44,902 |  | 125,431 |  |

| NET BOOK VALUE

| At 28 February 2025 | 30,000 |  | 4,570 |  | 51,971 |  | 9,512 |  | 96,053 |  |

| At 29 February 2024 | 30,000 |  | 6,180 |  | 58,789 |  | 16,290 |  | 111,259 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 50,065 |  | 66,440 |  |

| Other debtors | 5,450 |  | - |  |

| VAT | 12,311 |  | 5,115 |  |

67,826 |  | 71,555 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 25,128 |  | 14,030 |  |

| Amounts owed to participating interests | 17,670 |  | 6,070 |  |

| Tax | (9,297 | ) | 14,049 |  |

| Pension creditor | 1,115 |  | 1,205 |  |

| Credit card | 2,553 |  | 1,987 |  |

| Accrued expenses | 10,610 |  | 10,830 |  |

47,779 |  | 48,171 |  |

7. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.