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REGISTERED NUMBER: NI638798 (Northern Ireland)















MD POULTRY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023






MD POULTRY LIMITED (REGISTERED NUMBER: NI638798)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MD POULTRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mark McCrory





REGISTERED OFFICE: 71 Bernisk Road
Sixmilecross
Co. Tyrone
BT79 9ED





REGISTERED NUMBER: NI638798 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

MD POULTRY LIMITED (REGISTERED NUMBER: NI638798)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £
FIXED ASSETS
Property, plant and equipment 4 793,604 648,500

CURRENT ASSETS
Inventories 112,318 33,865
Debtors 5 85,539 55,280
Cash at bank 20,746 27,159
218,603 116,304
CREDITORS
Amounts falling due within one year 6 (910,571 ) (702,386 )
NET CURRENT LIABILITIES (691,968 ) (586,082 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,636

62,418

CREDITORS
Amounts falling due after more than
one year

7

(305,158

)

(299,308

)

PROVISIONS FOR LIABILITIES (121,273 ) (45,754 )
NET LIABILITIES (324,795 ) (282,644 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (324,895 ) (282,744 )
(324,795 ) (282,644 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MD POULTRY LIMITED (REGISTERED NUMBER: NI638798)

BALANCE SHEET - continued
30 JUNE 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 15 December 2023 and were signed by:





Mark McCrory - Director


MD POULTRY LIMITED (REGISTERED NUMBER: NI638798)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

MD Poultry Limited is a private company, limited by shares , registered in Northern Ireland. 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.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Revenue 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 - not provided
Plant and machinery etc - 20% reducing balance and 15% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

MD POULTRY LIMITED (REGISTERED NUMBER: NI638798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 July 2022 425,250 538,016 963,266
Additions - 195,591 195,591
Disposals - (20,000 ) (20,000 )
At 30 June 2023 425,250 713,607 1,138,857
DEPRECIATION
At 1 July 2022 - 314,766 314,766
Charge for year - 41,613 41,613
Eliminated on disposal - (11,126 ) (11,126 )
At 30 June 2023 - 345,253 345,253
NET BOOK VALUE
At 30 June 2023 425,250 368,354 793,604
At 30 June 2022 425,250 223,250 648,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 82,080 52,613
Other debtors 3,459 2,667
85,539 55,280

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 53,287 63,006
Hire purchase contracts 51,833 -
Trade creditors 29,351 35,704
Amounts owed to group undertakings 769,944 599,450
Taxation and social security 2,879 1,526
Other creditors 3,277 2,700
910,571 702,386

The company's bank loan is secured by a fixed charge over the company's property and land.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 255,741 299,308
Hire purchase contracts 49,417 -
305,158 299,308