REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 8TH OCTOBER 2022 TO 31ST MARCH 2023 |
FOR |
PRIMROSE DAIRIES LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 8TH OCTOBER 2022 TO 31ST MARCH 2023 |
FOR |
PRIMROSE DAIRIES LTD |
PRIMROSE DAIRIES LTD (REGISTERED NUMBER: 14405920) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8TH OCTOBER 2022 TO 31ST MARCH 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
PRIMROSE DAIRIES LTD |
COMPANY INFORMATION |
FOR THE PERIOD 8TH OCTOBER 2022 TO 31ST MARCH 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Pembroke House |
Llantarnam Park Way |
Cwmbran |
Torfaen |
NP44 3AU |
PRIMROSE DAIRIES LTD (REGISTERED NUMBER: 14405920) |
BALANCE SHEET |
31ST MARCH 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
PRIMROSE DAIRIES LTD (REGISTERED NUMBER: 14405920) |
BALANCE SHEET - continued |
31ST MARCH 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
PRIMROSE DAIRIES LTD (REGISTERED NUMBER: 14405920) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 8TH OCTOBER 2022 TO 31ST MARCH 2023 |
1. | STATUTORY INFORMATION |
Primrose Dairies Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Plant and machinery | - |
Taxation |
Taxation for the period 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 period 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. |
PRIMROSE DAIRIES LTD (REGISTERED NUMBER: 14405920) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 8TH OCTOBER 2022 TO 31ST MARCH 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
Additions |
At 31st March 2023 |
DEPRECIATION |
Charge for period |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
£ |
COST |
Additions |
At 31st March 2023 |
DEPRECIATION |
Charge for period |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
VAT |
PRIMROSE DAIRIES LTD (REGISTERED NUMBER: 14405920) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 8TH OCTOBER 2022 TO 31ST MARCH 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Hire purchase contracts |
Trade creditors |
Other creditors |
Directors' current accounts |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Godiva mortgage | 100,000 |
Hire purchase contracts |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Godiva mortgage |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 3 |
3 Ordinary shares of £1 were issued during the period |
9. | RELATED PARTY DISCLOSURES |
The company had an outstanding directors loan account at the year end due to M A Jonah of £26,350. |
10. | GOING CONCERN |
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it's financial statements. |