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REGISTERED NUMBER: 06959532 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

ACORN DAIRY LIMITED

ACORN DAIRY LIMITED (REGISTERED NUMBER: 06959532)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACORN DAIRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mr G J Tweddle
Mrs R H Tweddle
Mr J G Tweddle
Mrs C O Bell





REGISTERED OFFICE: Garthorne Farm
Archdeacon Newton
Darlington
Co. Durham
DL2 2YB





REGISTERED NUMBER: 06959532 (England and Wales)





ACCOUNTANTS: Murray Smith LLP
Chartered Accountants
Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU

ACORN DAIRY LIMITED (REGISTERED NUMBER: 06959532)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,368 24,040
Tangible assets 5 511,398 548,169
532,766 572,209

CURRENT ASSETS
Stocks 22,000 12,000
Debtors 6 591,325 432,642
Cash at bank and in hand 326,533 560,831
939,858 1,005,473
CREDITORS
Amounts falling due within one year 7 319,558 476,304
NET CURRENT ASSETS 620,300 529,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,153,066

1,101,378

PROVISIONS FOR LIABILITIES 88,859 59,834
NET ASSETS 1,064,207 1,041,544

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,064,203 1,041,540
SHAREHOLDERS' FUNDS 1,064,207 1,041,544

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

ACORN DAIRY LIMITED (REGISTERED NUMBER: 06959532)

BALANCE SHEET - continued
31 MARCH 2022


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 1 August 2022 and were signed on its behalf by:




Mr G J Tweddle - Director Mrs R H Tweddle - Director




Mrs C O Bell - Director Mr J G Tweddle - Director


ACORN DAIRY LIMITED (REGISTERED NUMBER: 06959532)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Acorn Dairy 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. 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 net invoiced sales of goods, excluding vale added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% 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.

Deferred tax
Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2021 - 34 ) .

ACORN DAIRY LIMITED (REGISTERED NUMBER: 06959532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 53,432
AMORTISATION
At 1 April 2021 29,392
Charge for year 2,672
At 31 March 2022 32,064
NET BOOK VALUE
At 31 March 2022 21,368
At 31 March 2021 24,040

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2021 784,927 224,822 1,009,749
Additions 56,063 24,120 80,183
Disposals - (22,505 ) (22,505 )
At 31 March 2022 840,990 226,437 1,067,427
DEPRECIATION
At 1 April 2021 366,455 95,125 461,580
Charge for year 71,180 36,016 107,196
Eliminated on disposal - (12,747 ) (12,747 )
At 31 March 2022 437,635 118,394 556,029
NET BOOK VALUE
At 31 March 2022 403,355 108,043 511,398
At 31 March 2021 418,472 129,697 548,169

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 395,917 384,586
Other debtors 195,408 48,056
591,325 432,642

ACORN DAIRY LIMITED (REGISTERED NUMBER: 06959532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts - 17,112
Trade creditors 277,746 272,723
Taxation and social security 32,089 92,041
Other creditors 9,723 94,428
319,558 476,304