Brickyard Farm Cheese Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04488877

Brickyard Farm Cheese Limited

Filleted Unaudited Financial Statements

31 July 2025

Brickyard Farm Cheese Limited

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		918,038	923,516

Current assets

Stocks		391,588	484,940
Debtors	6	67,801	104,098
Cash at bank and in hand		2,129,971	2,001,998
		------------	------------
		2,589,360	2,591,036

Creditors: amounts falling due within one year	7	135,888		214,582
		------------		------------
Net current assets			2,453,472	2,376,454
			------------	------------
Total assets less current liabilities			3,371,510	3,299,970

Provisions

Taxation including deferred tax	3,851	4,101
	------------	------------
Net assets	3,367,659	3,295,869
	------------	------------

Capital and reserves

Called up share capital	8	2,500	2,500
Capital redemption reserve		2,500	2,500
Profit and loss account		3,362,659	3,290,869
		------------	------------
Shareholder funds		3,367,659	3,295,869
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Brickyard Farm Cheese Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 28 April 2026 , and are signed on behalf of the board by:

B. Morgan
Director

Company registration number: 04488877

Brickyard Farm Cheese Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 The Linen Yard, South Street, Crewkerne, Somerset, TA18 8AB. The principal place of business is Brickyard Farm, Maperton, Wincanton, Somerset, BA9 8EG.

2. Statement of compliance

These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Industrial Buildings	-	2% straight line
Plant and Machinery	-	20% reducing balance
Motor Vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 August 2024	973,965	73,822	3,633	4,511	1,055,931
Additions	–	3,049	–	708	3,757
Disposals	–	( 9,974)	–	( 710)	( 10,684)
	---------	--------	-------	-------	------------
At 31 July 2025	973,965	66,897	3,633	4,509	1,049,004
	---------	--------	-------	-------	------------
Depreciation
At 1 August 2024	66,854	59,267	2,772	3,522	132,415
Charge for the year	4,478	3,373	216	380	8,447
Disposals	–	( 9,231)	–	( 665)	( 9,896)
	---------	--------	-------	-------	------------
At 31 July 2025	71,332	53,409	2,988	3,237	130,966
	---------	--------	-------	-------	------------
Carrying amount
At 31 July 2025	902,633	13,488	645	1,272	918,038
	---------	--------	-------	-------	------------
At 31 July 2024	907,111	14,555	861	989	923,516
	---------	--------	-------	-------	------------

Included within Freehold Property are industrial buildings held at the original cost of £223,876 and depreciated as disclosed in note 2. Other freehold buildings are also included at cost of £553,151 and are not depreciated. In the director's opinion the market value of these buildings at 31 July 2025 was not significantly different from the original purchase price. Property held for its investment potential is included at cost of £196,938. In the director's opinion the market value of the property at 31 July 2025 was not significantly different from the original purchase price. No revaluation is reflected in these accounts.

6. Debtors

	2025	2024
	£	£
Trade debtors	54,993	89,999
Other debtors	12,808	14,099
	--------	---------
	67,801	104,098
	--------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	62,167	178,799
Corporation tax	45,541	28,903
Social security and other taxes	920	668
Other creditors	27,260	6,212
	---------	---------
	135,888	214,582
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2,500	2,500	2,500	2,500
	-------	-------	-------	-------

9. Director's advances, credits and guarantees

At the year the Company owed the director £20,909 (2024 - the director owed the company £3,440).