Registered Number:NI617347 |
For the year ended 31 March 2023
Northern Ireland
Unaudited Financial Statements
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
Tullysaran Farms Limited
Statement of Financial Position
2022
2023
-
6,000
2
Property, plant and equipment |
2,115,404
2,175,987
3
2,115,404
2,181,987
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
4
4
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: |
1 of 5
For the year ended 31 March 2023
Tullysaran Farms Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
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. |
129 Tullysaran Road
Armagh
Armagh
BT61 8HF
The presentation currency is £ sterling. |
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
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. |
3 of 5
For the year ended 31 March 2023
Tullysaran Farms Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
60,000
60,000
60,000
60,000
-
-
3. Property, plant and equipment |
2,980,806
560
1,117,094
1,863,152
2,450
-
2,450
-
1,863,152
1,119,544
560
2,983,256
Provision for depreciation and impairment |
804,819
84
804,735
-
Charge for year
63,033
71
62,962
-
867,852
155
867,697
-
1,863,152
251,847
405
2,115,404
1,863,152
312,359
476
2,175,987
2022
2023
41,480
7,425
4 of 5
For the year ended 31 March 2023
Tullysaran Farms Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
50,192
60,461
83,599
51,961
112,422
133,791
6. Trade and other payables: amounts falling due within one year |
2022
2023
480,395
405,934
2,755
-
Taxation and social security |
53,552
29,948
141,949
121,133
678,651
557,015
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
394,514
637,983
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)
5 of 5