REGISTERED NUMBER: SC122774 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

Island Cheese Company Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

Mrs M Kinniburgh

Mr G Kinniburgh

SECRETARY:

Mrs M Kinniburgh

REGISTERED OFFICE:

The Creamery

Home Farm

Brodick

Isle of Arran

KA27 8DD

REGISTERED NUMBER:

SC122774 (Scotland)

ACCOUNTANTS:

Burgoyne Carey

Chartered Accountants

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

FIXED ASSETS

Tangible assets

4

83,072

96,053

CURRENT ASSETS

Stocks

51,345

65,014

Debtors

5

66,113

67,826

Cash at bank and in hand

145,510

121,439

262,968

254,279

CREDITORS

Amounts falling due within one year

6

78,296

47,779

NET CURRENT ASSETS

184,672

206,500

TOTAL ASSETS LESS CURRENT LIABILITIES

267,744

302,553

PROVISIONS FOR LIABILITIES

9,040

11,610

NET ASSETS

258,704

290,943

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

248,704

280,943

SHAREHOLDERS' FUNDS

258,704

290,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2026 and were signed on its behalf by:

Mr G Kinniburgh - Director

Mrs M Kinniburgh - Director

1.	STATUTORY INFORMATION

Island Cheese Company Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover represents amounts invoiced during the year net, exclusive of Value Added Tax.

TANGIBLE FIXED ASSETS

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

Improvements to property

-

2% on cost

Plant and machinery

-

15% on cost

Motor vehicles

-

25% on cost

STOCKS

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Motor

property

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 March 2025

30,000

18,848

118,222

54,414

221,484

Additions

-

-

7,639

1,500

9,139

At 28 February 2026

30,000

18,848

125,861

55,914

230,623

DEPRECIATION

At 1 March 2025

-

14,278

66,251

44,902

125,431

Charge for year

-

1,710

14,143

6,267

22,120

At 28 February 2026

-

15,988

80,394

51,169

147,551

NET BOOK VALUE

At 28 February 2026

30,000

2,860

45,467

4,745

83,072

At 28 February 2025

30,000

4,570

51,971

9,512

96,053

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

55,955

50,065

Other debtors

5,700

5,450

VAT

4,458

12,311

66,113

67,826

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

20,982

25,128

Amounts owed to participating interests

37,029

17,670

Tax

7,649

(9,297

)

Pension creditor

610

1,115

Credit card

1,266

2,553

Accrued expenses

10,760

10,610

78,296

47,779

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.