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REGISTERED NUMBER: 14405920 (England and Wales)















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: M A Jonah
E K Jonah
A M Greenland





REGISTERED OFFICE: Pen-Y-Glog Farm Ton Road
Llangybi
Usk
NP15 1PH





REGISTERED NUMBER: 14405920 (England and Wales)





ACCOUNTANTS: Green & Co
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 4 278,246

CURRENT ASSETS
Debtors 5 1,235
Cash at bank 82,200
83,435
CREDITORS
Amounts falling due within one year 6 313,460
NET CURRENT LIABILITIES (230,025 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,221

CREDITORS
Amounts falling due after more than one
year

7

121,518
NET LIABILITIES (73,297 )

CAPITAL AND RESERVES
Called up share capital 8 3
Retained earnings (73,300 )
SHAREHOLDERS' FUNDS (73,297 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 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.

PRIMROSE DAIRIES LTD (REGISTERED NUMBER: 14405920)

BALANCE SHEET - continued
31ST 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 Board of Directors and authorised for issue on 8th February 2024 and were signed on its behalf by:





M A Jonah - Director


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 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.

Tangible fixed assets
Depreciation is provided at the following annual 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 the shorter.
Plant and machinery - 20% on reducing balance

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 347,807
At 31st March 2023 347,807
DEPRECIATION
Charge for period 69,561
At 31st March 2023 69,561
NET BOOK VALUE
At 31st March 2023 278,246

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 40,000
At 31st March 2023 40,000
DEPRECIATION
Charge for period 8,000
At 31st March 2023 8,000
NET BOOK VALUE
At 31st March 2023 32,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
VAT 1,235

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 5,991
Trade creditors 10,507
Other creditors 269,412
Directors' current accounts 26,350
Accrued expenses 1,200
313,460

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Godiva mortgage 100,000
Hire purchase contracts 21,518
121,518

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Godiva mortgage 100,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
3 Ordinary £1 3

3 Ordinary shares of £1 were issued during the period for cash of £ 3 .

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.