2022-04-01 NI617347 2023-03-31 NI617347 2022-04-01 2023-03-31 NI617347 2022-03-31 NI617347 2021-04-01 2022-03-31 NI617347 uk-core:WithinOneYear 2022-03-31 NI617347 uk-core:WithinOneYear 2023-03-31 NI617347 uk-core:AfterOneYear 2022-03-31 NI617347 uk-core:AfterOneYear 2023-03-31 NI617347 uk-core:ShareCapital 2023-03-31 NI617347 uk-core:ShareCapital 2022-03-31 NI617347 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI617347 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 NI617347 uk-bus:Director1 2022-04-01 2023-03-31 NI617347 uk-core:NetGoodwill 2022-04-01 2023-03-31 NI617347 uk-core:PlantMachinery 2022-04-01 2023-03-31 NI617347 uk-core:ComputerEquipment 2022-04-01 2023-03-31 NI617347 uk-core:Goodwill 2022-03-31 NI617347 uk-core:Goodwill 2023-03-31 NI617347 uk-core:ComputerEquipment 2022-03-31 NI617347 uk-core:PlantMachinery 2022-03-31 NI617347 uk-core:Buildings 2022-03-31 NI617347 uk-core:Buildings 2022-04-01 2023-03-31 NI617347 uk-core:Buildings 2023-03-31 NI617347 uk-core:PlantMachinery 2023-03-31 NI617347 uk-core:ComputerEquipment 2023-03-31 NI617347 uk-core:WithinOneYear 2023-03-31 NI617347 uk-core:WithinOneYear 2022-03-31 NI617347 uk-core:AfterOneYear uk-core:Secured 2023-03-31 NI617347 uk-core:AfterOneYear uk-core:Secured 2022-03-31 iso4217:GBP xbrli:pure NI617347 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 NI617347 uk-bus:FRS102 2022-04-01 2023-03-31 NI617347 uk-bus:FullAccounts 2022-04-01 2023-03-31 NI617347 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Draft
Tullysaran Farms Limited
Registered Number:NI617347
For the year ended 31 March 2023
Northern Ireland
Unaudited Financial Statements
2
Draft
For the year ended 31 March 2023
Tullysaran Farms Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Draft
Registered Number :
NI617347
As at 31 March 2023
Tullysaran Farms Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
-
6,000
2
Property, plant and equipment
2,115,404
2,175,987
3
2,115,404
2,181,987
Current assets
Inventories
7,425
41,480
4
Trade and other receivables
112,422
133,791
5
175,271
119,847
Trade and other payables: amounts falling due within one
year
(557,015)
(678,651)
6
(437,168)
(503,380)
Net current liabilities
Total assets less current liabilities
1,612,024
1,744,819
Trade and other payables: amounts falling due after more
than one year
(884,461)
(662,205)
7
(42,879)
(53,281)
Provisions for liabilities
906,940
Net assets
807,077
Capital and reserves
Called up share capital
4
4
Retained earnings
906,936
807,073
906,940
807,077
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Benson George Director
These financial statements were approved and authorised for issue by the Board on 08 November 2023 and were signed by:
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4
Draft
Registered Number :
NI617347
For the year ended 31 March 2023
Tullysaran Farms Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
Draft
For the year ended 31 March 2023
Tullysaran Farms Limited
Notes to the Financial Statements
Statutory Information
Tullysaran Farms Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI617347.
Registered address:
129 Tullysaran Road
Armagh
Armagh
BT61 8HF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20 Reducing balance
15 Reducing balance
Computer Equipment
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
Draft
For the year ended 31 March 2023
Tullysaran Farms Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
60,000
At 31 March 2023
60,000
Amortisation
At 01 April 2022
60,000
At 31 March 2023
60,000
Net book value
At 31 March 2023
-
At 31 March 2022
-
3. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 April 2022
2,980,806
560
1,117,094
1,863,152
2,450
-
2,450
-
Additions
At 31 March 2023
1,863,152
1,119,544
560
2,983,256
Provision for depreciation and impairment
At 01 April 2022
804,819
84
804,735
-
Charge for year
63,033
71
62,962
-
At 31 March 2023
867,852
155
867,697
-
At 31 March 2023
Net book value
1,863,152
251,847
405
2,115,404
At 31 March 2022
1,863,152
312,359
476
2,175,987
4. Inventories
2022
2023
£
£
Stocks
41,480
7,425
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7
Draft
For the year ended 31 March 2023
Tullysaran Farms Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
50,192
60,461
Other debtors
83,599
51,961
112,422
133,791
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
480,395
405,934
Trade creditors
2,755
-
Taxation and social security
53,552
29,948
Other creditors
141,949
121,133
678,651
557,015
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
394,514
637,983
Other creditors
267,691
246,478
662,205
884,461
8. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
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