Caws Cenarth Cheese Limited


Directors	C R Adams
	S Adams


Registered Address	Glyneithinog
	Abercych
	Boncath
	SA37 0LH


Registered Number	06864908 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	5		388,628		409,851
Investments	6		10,000		10,000
			398,628		419,851
Current assets
Stocks	7	69,640		53,600
Debtors	8	428,884		486,445
Cash at bank and on hand		815,455		718,665
		1,313,979		1,258,710
Creditors amounts falling due within one year	9	(491,516)		(318,164)
Net current assets (liabilities)			822,463		940,546
Total assets less current liabilities			1,221,091		1,360,397
Provisions for liabilities	10		(71,181)		(82,587)
Net assets			1,149,910		1,277,810
Capital and reserves
Called up share capital			10		10
Profit and loss account			1,149,900		1,277,800
Shareholders' funds			1,149,910		1,277,810

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2025, and are signed on its behalf by:

C R Adams
Director
Registered Company No. 06864908

Caws Cenarth Cheese Limited

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	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.

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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on leasehold improvements over 10 years and on all other tangible fixed assets as follows:


		Reducing balance (%)
	Land and buildings	2
	Plant and machinery	15
	Vehicles	25

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	25		24

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 24	130,000
	At 31 December 24	130,000
	Amortisation and impairment
	At 01 January 24	130,000
	At 31 December 24	130,000
	Net book value
	At 31 December 24	-
	At 31 December 23	-

5.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	1,128,519
	Additions	37,244
	At 31 December 24	1,165,763
	Depreciation and impairment
	At 01 January 24	718,668
	Charge for year	58,467
	At 31 December 24	777,135
	Net book value
	At 31 December 24	388,628
	At 31 December 23	409,851

6.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 January 24	10,000
	At 31 December 24	10,000
	Net book value
	At 31 December 24	10,000
	At 31 December 23	10,000

7.	Stocks

	2024	2023
	£	£
Raw materials and consumables	69,640	53,600
Total	69,640	53,600

8.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	370,355	364,391
Other debtors	55,604	119,603
Prepayments and accrued income	2,925	2,451
Total	428,884	486,445

9.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	320,431	89,666
Bank borrowings and overdrafts	-	25,467
Taxation and social security	119,815	158,176
Other creditors	48,169	41,956
Accrued liabilities and deferred income	3,101	2,899
Total	491,516	318,164


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	71,181	82,587
Total	71,181	82,587

11.	Related party transactions
	The directors have borrowed funds from the company, the balance due to the company at 31 December 2024 was £5,967 (2023 - £91,284). This loan was repaid in full by 1 October 2025.