The Hartington Cheese Shop Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12630042 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

THE HARTINGTON CHEESE SHOP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C I Roberts

A L Roberts

SECRETARY:

REGISTERED OFFICE:

The Old Cheese Shop

Market Place

Hartington

Buxton

Derbyshire

SK17 0AL

REGISTERED NUMBER:

12630042 (England and Wales)

ACCOUNTANT:

Mourne & Co

10 Market Street

Chapel-en-le-Frith

High Peak

Derbyshire

SK23 0HH

FIXED ASSETS

Intangible assets

5

-

4,000

Tangible assets

6

29,476

38,088

29,476

42,088

CURRENT ASSETS

Stocks

7

9,000

12,000

Debtors

8

8,845

12,398

Cash at bank and in hand

69,948

61,207

87,793

85,605

CREDITORS

Amounts falling due within one year

9

16,126

28,562

NET CURRENT ASSETS

71,667

57,043

TOTAL ASSETS LESS CURRENT
LIABILITIES

101,143

99,131

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

12

101,043

99,031

SHAREHOLDERS' FUNDS

101,143

99,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

C I Roberts - Director

A L Roberts - Director

1.	STATUTORY INFORMATION

The Hartington Cheese Shop 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies adopted in the preparation of the financial statements are set out below.

The financial statements have been prepared under the historic cost convention, except for modification to a fair value basis for certain fixed assets, as specified in the accounting policies below.

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 2020, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures & equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The following assets and liabilities are classified as financial instruments; trade debtors, trade creditors, bank loans and directors loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

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.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

20,004

AMORTISATION

At 1 June 2024

16,004

Amortisation for year

4,000

At 31 May 2025

20,004

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

4,000

6.	TANGIBLE FIXED ASSETS

Fixtures

Motor

Computer

& equipment

vehicles

equipment

Totals

£

COST

At 1 June 2024

25,769

51,032

3,254

80,055

Additions

623

-

623

At 31 May 2025

26,392

51,032

3,254

80,678

DEPRECIATION

At 1 June 2024

15,214

24,949

1,804

41,967

Charge for year

2,236

6,521

478

9,235

At 31 May 2025

17,450

31,470

2,282

51,202

NET BOOK VALUE

At 31 May 2025

8,942

19,562

972

29,476

At 31 May 2024

10,555

26,083

1,450

38,088

7.

STOCKS

31.5.25

31.5.24

£

Stocks

9,000

12,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade debtors

8,603

11,021

VAT

242

1,377

8,845

12,398

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade creditors

3,191

17,534

Taxation

9,922

6,716

Social security & other taxes

-

862

Directors' current accounts

-

437

Accrued expenses

3,013

16,126

28,562

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.5.25

31.5.24

£

Within one year

18,000

Between one and five years

72,000

90,000

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

100

Ordinary

£1.00

100

12.

RESERVES

Retained

earnings

£

At 1 June 2024

99,031

Profit for the year

29,012

Dividends

(27,000

)

At 31 May 2025

101,043

13.	ULTIMATE CONTROLLING PARTY

The company was throughout the year under the control of the directors by virtue of their 100% holding of the issued ordinary share capital.