Registration number: 04059818

Lynher Dairies Cheese Company Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Lynher Dairies Cheese Company Limited

Company Information

Director

Mrs C Mead

Registered office

Lynher Dairies Ponsanooth Truro Cornwall TR3 7JQ

Accountants

Harland Accountants Ground Floor, Unit 3 Southview House St Austell Enterprise Park Carclaze Down St Austell Cornwall PL25 4EJ

Lynher Dairies Cheese Company Limited

(Registration number: 04059818)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	1,700	3,350
Tangible assets	5	11,346	4,527
		13,046	7,877
Current assets
Stocks		5,620	7,388
Debtors		520,912	514,668
Cash at bank and in hand		72,946	42,820
		599,478	564,876
Creditors: Amounts falling due within one year		(17,253)	(14,184)
Net current assets		582,225	550,692
Total assets less current liabilities		595,271	558,569
Provisions for liabilities		(2,478)	(1,496)
Net assets		592,793	557,073
Capital and reserves
Called up share capital	6	100	100
Retained earnings		592,693	556,973
Shareholders' funds		592,793	557,073

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Lynher Dairies Cheese Company Limited

(Registration number: 04059818)
Balance Sheet as at 31 December 2024

Approved and authorised by the director on 15 August 2025
 

......................................... Mrs C Mead Director

Lynher Dairies Cheese Company Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lynher Dairies
Ponsanooth
Truro
Cornwall
TR3 7JQ
England

These financial statements were authorised for issue by the director on 15 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Lynher Dairies Cheese Company Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% Reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Lynher Dairies Cheese Company Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Lynher Dairies Cheese Company Limited

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

Financial instruments

Classification
The company holds the folloiwng financial instruments;
Short term trade and other debtors and creditors;
Bank loans; and
Cash and bank balances.

All financial instruments are classified as basic.
 Recognition and measurement
The company has chosen to applyt the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party ot the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights of cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at the transaction price, including transation costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or recieved, after taking account of impairment adjustments.

Bank loans are intially at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

Lynher Dairies Cheese Company Limited

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

4	Intangible assets

	Website £	Total £
Cost or valuation
Additions acquired separately	5,000	5,000
At 31 December 2024	5,000	5,000
Amortisation
At 1 January 2024	1,650	1,650
Amortisation charge	1,650	1,650
At 31 December 2024	3,300	3,300
Carrying amount
At 31 December 2024	1,700	1,700
At 31 December 2023	3,350	3,350

5	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	-	12,489	12,489
Additions	3,823	6,778	10,601
At 31 December 2024	3,823	19,267	23,090
Depreciation
At 1 January 2024	-	7,962	7,962
Charge for the year	956	2,826	3,782
At 31 December 2024	956	10,788	11,744
Carrying amount
At 31 December 2024	2,867	8,479	11,346
At 31 December 2023	-	4,527	4,527

Lynher Dairies Cheese Company Limited

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

6	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary A of £1 each	100	100	100	100