| Borough Cheese Company |
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| Directors Report |
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| for the Period Ended 31 March 2025 |
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| The directors present their report with the financial statements of the company for the |
| period ended 31 March 2025 |
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| Principal activities |
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| The principal activity of the company in the period under review was |
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| The retail and wholesale of cheese |
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| Directors |
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| The director(s) shown below have held office during the whole of the period |
| Alex Hinds |
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| Dominic Coyte |
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| Small Company Provisions |
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| These accounts have been prepared in accordance with the provisions applicable to |
| companies subject to the small companies regime. |
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| This report was approved by the board of directors on |
2025-12-31 |
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| and signed on behalf of the board by |
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| Name |
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| Status |
Secretary |
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Page 4 |
| Borough Cheese Company |
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| Profit and Loss Account |
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| for the Period Ended 31 March 2025 |
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2025 |
2,024 |
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Notes |
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| Turnover |
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2 |
990,884 |
931,658 |
| Cost of sales |
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553,546 |
536,239 |
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______ |
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| Gross Profit/(Loss) |
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437,338 |
395,419 |
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| Administrative expenses |
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372,175 |
337,033 |
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______ |
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| Operating costs |
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372,175 |
337,033 |
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______ |
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| Operating Profit/(Loss) |
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65,163 |
58,386 |
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| Interest receivable and similar |
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267 |
133 |
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| Net Finance income/(Loss) |
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267 |
133 |
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| Profit/(Loss) on ordinary activities before taxation |
65,431 |
58,519 |
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| Tax on profit on ordinary activities |
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4 |
9,389 |
0 |
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________ |
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| Profit/(Loss) for the financial period after taxation |
56,042 |
58,519 |
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| There were no recognised gains or losses other than the profit/(loss) shown attributable to the |
| shareholders for the period ended 31 March 2025 |
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| The notes form part of these financial statements |
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Page 5 |
| Borough Cheese Company |
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| Balance Sheet |
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| for the Period Ended 31 March 2025 |
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| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
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| For the year ending 31 March 2025 the company was entitled to exemption 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. |
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| The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
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| The financial statements were approved by the Board of Directors on |
2025-12-31 |
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| SIGNED ON BEHALF OF THE BOARD BY |
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| Name |
Alex Hinds |
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| The notes form part of these financial statements |
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| Average number of employees during period |
24 |
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Page 7 |
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| Borough Cheese Company |
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| Notes to the Financial Statements |
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| for the Period Ended 31 March 2025 |
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| 1. Accounting policies |
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| Basis of preparation |
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| The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime. |
| Turnover |
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| The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT. |
| Tangible fixed assets Depreciation |
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| Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. |
| Fixtures and fittings |
25% Straight Line |
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| Office equipment |
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25% Straight Line |
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| Motor vehicles |
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25% Straight Line |
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| Stocks |
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| Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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Page 8 |
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| Borough Cheese Company |
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| Notes to the Financial Statements |
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| for the Period Ended 31 March 2025 |
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| 2. Turnover |
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2025 |
2,024 |
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£ |
£ |
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| United Kingdom |
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990,884 |
931,658 |
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_________ |
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| Total |
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990,884 |
931,658 |
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| 3. Directors' remuneration |
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2025 |
2,024 |
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£ |
£ |
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| Directors remuneration |
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12,570 |
8,832 |
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| Value of directors pension contributions |
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| Total |
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12,570 |
8,832 |
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| The number of Directors accruing pension benefits was |
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| 4. Taxation |
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| The tax charge on the profit on ordinary activities |
2025 |
2,024 |
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| for the period was as follows |
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£ |
£ |
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| UK Corporation Tax net of reliefs |
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9,389 |
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| Tax on profit on ordinary activities |
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9,389 |
0 |
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| 5. Dividends |
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2025 |
2,024 |
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| Dividend on ordinary shares paid in period |
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32,430 |
33,671 |
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Page 9 |
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