Company Registration No. NI625459 (Northern Ireland)
Highgate Poultry Ltd
Unaudited accounts
for the year ended 30 June 2023
Highgate Poultry Ltd
Unaudited accounts
Contents
Highgate Poultry Ltd
Company Information
for the year ended 30 June 2023
Directors
Mr Hugh Alexander Rutledge
Mrs Lorraine Elizabeth Rutledge
Company Number
NI625459 (Northern Ireland)
Registered Office
60 Magheraveely Road
Newtownbutler
Co Fermanagh
BT92 6LD
Accountants
W F Lemon & Co Ltd
76 Main Street
Lisnaskea
Co Fermanagh
BT92 0JD
Highgate Poultry Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
837,306
868,222
Cash at bank and in hand
74,019
61,524
Creditors: amounts falling due within one year
(196,139)
(184,038)
Net current liabilities
(122,120)
(122,514)
Total assets less current liabilities
715,186
745,708
Creditors: amounts falling due after more than one year
(169,900)
(273,484)
Provisions for liabilities
Deferred tax
(97,590)
(102,155)
Net assets
447,696
370,069
Called up share capital
21
21
Profit and loss account
447,675
370,048
Shareholders' funds
447,696
370,069
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by
Mr Hugh Alexander Rutledge
Director
Company Registration No. NI625459
Highgate Poultry Ltd
Notes to the Accounts
for the year ended 30 June 2023
Highgate Poultry Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI625459. The registered office is 60 Magheraveely Road, Newtownbutler, Co Fermanagh, BT92 6LD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
Plant & machinery
4% Straight Line
Highgate Poultry Ltd
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
511,045
620,236
18,500
1,149,781
Additions
-
14,500
-
14,500
At 30 June 2023
511,045
634,736
18,500
1,164,281
At 1 July 2022
67,872
202,277
11,410
281,559
Charge for the year
9,696
32,020
3,700
45,416
At 30 June 2023
77,568
234,297
15,110
326,975
At 30 June 2023
433,477
400,439
3,390
837,306
At 30 June 2022
443,173
417,959
7,090
868,222
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
112,379
118,122
Obligations under finance leases and hire purchase contracts
11,341
9,236
Trade creditors
9,390
2,505
Taxes and social security
49,783
34,619
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
116,134
224,646
Obligations under finance leases and hire purchase contracts
18,341
18,611
Other creditors
35,425
30,227
Allotted, called up and fully paid:
21 Ordinary shares of £1 each
21
21
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).