Surf AccountsProduction v1.0.0 v1.0.0 2022-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of raising of poultry. 12 October 2023 0 0 NI639033 2023-06-30 NI639033 2022-06-30 NI639033 2021-06-30 NI639033 2022-07-01 2023-06-30 NI639033 2021-07-01 2022-06-30 NI639033 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 NI639033 uk-curr:PoundSterling 2022-07-01 2023-06-30 NI639033 uk-bus:AbridgedAccounts 2022-07-01 2023-06-30 NI639033 uk-core:ShareCapital 2023-06-30 NI639033 uk-core:ShareCapital 2022-06-30 NI639033 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI639033 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 NI639033 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI639033 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-06-30 NI639033 uk-bus:FRS102 2022-07-01 2023-06-30 NI639033 uk-core:LandBuildings 2022-07-01 2023-06-30 NI639033 uk-core:PlantMachinery 2022-07-01 2023-06-30 NI639033 2022-07-01 2023-06-30 NI639033 uk-bus:Director1 2022-07-01 2023-06-30 NI639033 uk-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI639033
 
 
N O'Connor Poultry Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 June 2023
N O'Connor Poultry Ltd
Company Registration Number: NI639033
ABRIDGED BALANCE SHEET
as at 30 June 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 3 339,096 373,217
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Current Assets
Stocks - 25,000
Debtors 35,729 9,121
Cash and cash equivalents 383,326 345,823
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419,055 379,944
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Creditors: amounts falling due within one year (482,515) (550,402)
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Net Current Liabilities (63,460) (170,458)
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Total Assets less Current Liabilities 275,636 202,759
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Capital and Reserves
Called up share capital 200 200
Retained earnings 275,436 202,559
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Equity attributable to owners of the company 275,636 202,759
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 12 October 2023
           
           
           
________________________________          
Noel O'Connor          
Director          
           



N O'Connor Poultry Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 June 2023

   
1. General Information
 
N O'Connor Poultry Ltd is a company limited by shares incorporated in Northern Ireland. 30a Gortin Road, Omagh, Co Tyrone, BT79 7HX is the registered office. 19 Springtown Road, Tavneymore, Augher, Co Tyrone, BT77 0ES is the principal place of business. The principal activity of the company is that of raising of poultry. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 June 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Chicken houses - 4% Straight line
  Plant and machinery - 20% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
         
3. Tangible assets
  Chicken Plant and Total
  houses machinery  
       
  £ £ £
Cost
At 1 July 2022 310,378 412,519 722,897
Additions - 7,200 7,200
  ───────── ───────── ─────────
At 30 June 2023 310,378 419,719 730,097
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Depreciation
At 1 July 2022 74,490 275,190 349,680
Charge for the financial year 12,415 28,906 41,321
  ───────── ───────── ─────────
At 30 June 2023 86,905 304,096 391,001
  ───────── ───────── ─────────
Net book value
At 30 June 2023 223,473 115,623 339,096
  ═════════ ═════════ ═════════
At 30 June 2022 235,888 137,329 373,217
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4. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 June 2023.
   
5. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.