REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 JULY 2023 |
FOR |
GREENS PEDIGREE CHICKS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 JULY 2023 |
FOR |
GREENS PEDIGREE CHICKS LIMITED |
GREENS PEDIGREE CHICKS LIMITED (REGISTERED NUMBER: 00567272) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 5 July 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
GREENS PEDIGREE CHICKS LIMITED |
COMPANY INFORMATION |
for the Year Ended 5 July 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
12 Market Street |
Hebden Bridge |
West Yorkshire |
HX7 6AD |
GREENS PEDIGREE CHICKS LIMITED (REGISTERED NUMBER: 00567272) |
BALANCE SHEET |
5 July 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | 11 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
GREENS PEDIGREE CHICKS LIMITED (REGISTERED NUMBER: 00567272) |
BALANCE SHEET - continued |
5 July 2023 |
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 |
GREENS PEDIGREE CHICKS LIMITED (REGISTERED NUMBER: 00567272) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 5 July 2023 |
1. | STATUTORY INFORMATION |
Greens Pedigree Chicks Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company has incurred significant net liabilities, nevertheless the director has ensured that arrangements for the achievement of adequate working capital have been applied throughout the year, and where necessary supplied liquid assets to the company from his own personal funds. These measures will continue in place for the foreseeable future. |
On this basis the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result from the company restricting its working capital funding. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Depreciation is charged so as to write off the cost of assets other than property under construction over their estimated useful economic lives, as follows; |
Land and buildings: over 50 years |
Plant and machinery: over 7 years |
Motor vehicles: 25% on reducing balance |
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. |
GREENS PEDIGREE CHICKS LIMITED (REGISTERED NUMBER: 00567272) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 5 July 2023 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Land and | Plant and | Motor |
buildings | machinery | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 6 July 2022 |
and 5 July 2023 |
DEPRECIATION |
At 6 July 2022 |
Charge for year |
At 5 July 2023 |
NET BOOK VALUE |
At 5 July 2023 |
At 5 July 2022 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 6 July 2022 |
and 5 July 2023 |
PROVISIONS |
At 6 July 2022 |
and 5 July 2023 | 13,872 |
NET BOOK VALUE |
At 5 July 2023 |
At 5 July 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
VAT |
Prepayments and accrued income |
GREENS PEDIGREE CHICKS LIMITED (REGISTERED NUMBER: 00567272) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 5 July 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Other creditors |
Directors' current accounts | 39,802 | 35,541 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Hire purchase contracts |
Directors' loan account | 150,000 | 150,000 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Hire purchase contracts | 20,000 | 29,600 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 500 | 500 |
11. | RESERVES |
Retained |
earnings |
£ |
At 6 July 2022 | ( |
) |
Profit for the year |
At 5 July 2023 | ( |
) |
12. | RELATED PARTY DISCLOSURES |
The director has given his personal guarantee for the first £15,000 of the company's bank borrowings and the hire purchase contracts. |