2022-05-01 NI687400 2023-04-30 NI687400 2022-05-01 2023-04-30 NI687400 uk-core:WithinOneYear 2023-04-30 NI687400 uk-core:AfterOneYear 2023-04-30 NI687400 uk-core:ShareCapital 2023-04-30 NI687400 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI687400 uk-bus:Director1 2022-05-01 2023-04-30 NI687400 uk-core:PlantMachinery 2022-05-01 2023-04-30 NI687400 uk-core:LandBuildings 2022-05-01 2023-04-30 NI687400 uk-core:LandBuildings 2023-04-30 NI687400 uk-core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure NI687400 uk-bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 NI687400 uk-bus:FRS102 2022-05-01 2023-04-30 NI687400 uk-bus:FullAccounts 2022-05-01 2023-04-30 NI687400 uk-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30
Ballyhoy Farms Ltd
Registered Number:NI687400
For the year ended 30 April 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 April 2023
Ballyhoy Farms Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI687400
As at 30 April 2023
Ballyhoy Farms Ltd
Statement of Financial Position
£
2023
Notes
Fixed assets
Property, plant and equipment
874,101
2
874,101
Current assets
Inventories
438,655
3
Trade and other receivables
81,420
4
Cash and cash equivalents
5,846
525,921
Trade and other payables: amounts falling due within one
year
(1,377,271)
5
(851,350)
Net current liabilities
Total assets less current liabilities
22,751
Trade and other payables: amounts falling due after more
than one year
(6,517)
6
16,234
Net assets/liabilities
Capital and reserves
Called up share capital
33
Retained earnings
16,201
16,234
Shareholders' funds
For the year ended 30 April 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 30 April 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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 James Morton Director
These financial statements were approved and authorised for issue by the Board on 16 November 2023 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 April 2023
Ballyhoy Farms Ltd
Notes to the Financial Statements
Statutory Information
Ballyhoy Farms Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration number
NI687400.
Registered address:
53 Ballyhoy Road
Milford
Armagh
BT60 4DU
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.
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
15%
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2. Property, plant and equipment
Total
Plant and
Machinery
Land and
Buildings
£
£
£
Cost or
valuation
887,001
172,001
715,000
Additions
At 30 April 2023
715,000
172,001
887,001
Provision for depreciation and impairment
Charge for year
12,900
12,900
-
At 30 April 2023
12,900
12,900
-
At 30 April 2023
Net book value
715,000
159,101
874,101
2 of 3
5
For the year ended 30 April 2023
Ballyhoy Farms Ltd
Notes to the Financial Statements Continued
3. Inventories
2023
£
Stocks
438,655
4. Trade and other receivables
2023
£
Trade debtors
70,974
Other debtors
10,446
81,420
5. Trade and other payables: amounts falling due within one year
2023
£
Trade creditors
235,000
Taxation and social security
1,707
Other creditors
1,140,564
1,377,271
6. Trade and other payables: amounts falling due after more than one year
2023
£
Other creditors
6,517
7. Average number of persons employed
During the year the average number of employees was 3
3 of 3