Cheshire Creameries Ltd - Accounts to registrar (filleted) - small 23.2.5

CHESHIRE CREAMERIES LTD - Company Information

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REGISTERED NUMBER: 03739926 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Cheshire Creameries Ltd

Trading as

Cheshire Creameries

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTORS:

M L Manfredi

Mrs L Manfredi

REGISTERED OFFICE:

Oakdene

Newcastle Road

Willaston

Nantwich

Cheshire

CW5 7EL

REGISTERED NUMBER:

03739926 (England and Wales)

ACCOUNTANTS:

Paterson Brodie Limited

Chartered Certified Accountants

Cliveden Chambers

Cliveden Place

Longton

Stoke-on-Trent

Staffordshire

ST3 4JB

FIXED ASSETS

Tangible assets

2,545

3,181

CURRENT ASSETS

Debtors

172,137

147,974

CREDITORS

Amounts falling due within one year

144,512

104,531

NET CURRENT ASSETS

27,625

43,443

TOTAL ASSETS LESS CURRENT
LIABILITIES

30,170

46,624

CREDITORS

Amounts falling due after more than one
year

(29,479

)

(45,604

)

PROVISIONS FOR LIABILITIES

(636

)

(604

)

NET ASSETS

416

CAPITAL AND RESERVES

Called up share capital

Retained earnings

396

SHAREHOLDERS' FUNDS

416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 28 May 2024 and were signed on its behalf by:

M L Manfredi - Director

1.	STATUTORY INFORMATION

Cheshire Creameries Ltd 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.	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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

20% on reducing balance and 10% on reducing balance

Computer equipment

20% on reducing balance

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

COST

At 1 January 2023

and 31 December 2023

4,476

13,692

18,168

DEPRECIATION

At 1 January 2023

3,251

11,736

14,987

Charge for year

245

391

636

At 31 December 2023

3,496

12,127

15,623

NET BOOK VALUE

At 31 December 2023

980

1,565

2,545

At 31 December 2022

1,225

1,956

3,181

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

Trade debtors

(312

)

(624

)

Other debtors

30,004

21,436

Directors' current accounts

142,445

127,162

172,137

147,974

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

Bank loans and overdrafts

65,186

54,933

Trade creditors

1,487

2,598

Tax

59,093

30,562

VAT

12,675

9,764

Other creditors

420

672

Accrued expenses

5,651

6,002

144,512

104,531

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.23

31.12.22

Bank loans - 1-2 years

16,125

Bank loans - 2-5 years

13,354

29,479

45,604

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23

31.12.22

M L Manfredi

Balance outstanding at start of year

127,162

137,057

Amounts advanced

180,282

119,105

Amounts repaid

(165,000

)

(129,000

)

Amounts written off

Amounts waived

Balance outstanding at end of year

142,444

127,162

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M L Manfredi.

The ultimate controlling party is M L Manfredi.