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REGISTERED NUMBER: 07500949 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Lower Newton Poultry Ltd

Lower Newton Poultry Ltd (Registered number: 07500949)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lower Newton Poultry Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N Powell
R D Powell
Mrs S M Powell





REGISTERED OFFICE: 2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS





REGISTERED NUMBER: 07500949 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

Lower Newton Poultry Ltd (Registered number: 07500949)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 334,474 305,500

CURRENT ASSETS
Debtors 5 546,318 631,331
Cash at bank 97,081 144,202
643,399 775,533
CREDITORS
Amounts falling due within one year 6 (47,428 ) (123,581 )
NET CURRENT ASSETS 595,971 651,952
TOTAL ASSETS LESS CURRENT LIABILITIES 930,445 957,452

PROVISIONS FOR LIABILITIES (12,365 ) (5,346 )
NET ASSETS 918,080 952,106

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 917,980 952,006
SHAREHOLDERS' FUNDS 918,080 952,106

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:





N Powell - Director


Lower Newton Poultry Ltd (Registered number: 07500949)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Lower Newton Poultry Ltd 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 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 provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on reducing balance and not provided
Plant and machinery etc - 25% on cost and 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

Lower Newton Poultry Ltd (Registered number: 07500949)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 334,599 637,810 972,409
Additions - 66,375 66,375
At 31 December 2023 334,599 704,185 1,038,784
DEPRECIATION
At 1 January 2023 110,544 556,365 666,909
Charge for year 4,351 33,050 37,401
At 31 December 2023 114,895 589,415 704,310
NET BOOK VALUE
At 31 December 2023 219,704 114,770 334,474
At 31 December 2022 224,055 81,445 305,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 531,850 619,887
Other debtors 14,468 11,444
546,318 631,331

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 30,753 66,586
Taxation and social security 6,288 53,953
Other creditors 10,387 3,042
47,428 123,581