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REGISTERED NUMBER: 04626766 (England and Wales)















NORTHIAM DAIRY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






NORTHIAM DAIRY LIMITED (REGISTERED NUMBER: 04626766)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHIAM DAIRY LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTOR: A R J Cyster





REGISTERED OFFICE: Unit 7
Pickhill Business Centre
Smallhythe Road
Tenterden
Kent
TN30 7LZ





REGISTERED NUMBER: 04626766 (England and Wales)





ACCOUNTANTS: Busbys
Chartered Accountants
Unit 7
Pickhill Business Centre
Smallhythe Road
Tenterden
Kent
TN30 7LZ

NORTHIAM DAIRY LIMITED (REGISTERED NUMBER: 04626766)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,573 129,545

CURRENT ASSETS
Stocks 55,653 86,370
Debtors 5 457,491 385,786
Cash at bank 137,935 160,371
651,079 632,527
CREDITORS
Amounts falling due within one year 6 552,190 525,499
NET CURRENT ASSETS 98,889 107,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,462

236,573

CREDITORS
Amounts falling due after more than one
year

7

(39,018

)

(33,108

)

PROVISIONS FOR LIABILITIES (14,238 ) (15,550 )
NET ASSETS 176,206 187,915

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 176,106 187,815
SHAREHOLDERS' FUNDS 176,206 187,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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 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 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.

NORTHIAM DAIRY LIMITED (REGISTERED NUMBER: 04626766)

BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





A R J Cyster - Director


NORTHIAM DAIRY LIMITED (REGISTERED NUMBER: 04626766)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Northiam Dairy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is calculated on a monthly basis at the following rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

Plant and machinery-15% on reducing balance
Motor vehicles-25% on reducing balance
Computer equipment-33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

NORTHIAM DAIRY LIMITED (REGISTERED NUMBER: 04626766)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 199,313 219,235 5,661 424,209
Additions 8,825 32,495 - 41,320
Disposals - (30,495 ) - (30,495 )
At 31 March 2023 208,138 221,235 5,661 435,034
DEPRECIATION
At 1 April 2022 142,535 146,588 5,541 294,664
Charge for year 9,717 24,881 71 34,669
Eliminated on disposal - (24,872 ) - (24,872 )
At 31 March 2023 152,252 146,597 5,612 304,461
NET BOOK VALUE
At 31 March 2023 55,886 74,638 49 130,573
At 31 March 2022 56,778 72,647 120 129,545

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 42,120
Additions 32,495
Transfer to ownership (42,120 )
At 31 March 2023 32,495
DEPRECIATION
At 1 April 2022 24,351
Charge for year 8,124
Transfer to ownership (24,351 )
At 31 March 2023 8,124
NET BOOK VALUE
At 31 March 2023 24,371
At 31 March 2022 17,769

NORTHIAM DAIRY LIMITED (REGISTERED NUMBER: 04626766)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 313,446 250,818
Other debtors 144,045 134,968
457,491 385,786

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,954 9,711
Hire purchase contracts 7,011 3,498
Trade creditors 179,228 193,692
Taxation and social security 11,507 9,498
Other creditors 344,490 309,100
552,190 525,499

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 23,189 33,108
Hire purchase contracts 15,829 -
39,018 33,108

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Other creditors include a loan from the director of £326,941 (2022: £295,386).