How Now Dairy Limited 10252410 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of the supply of dairy products and groceries. Digita Accounts Production Advanced 6.30.9574.0 true 10252410 2022-07-01 2023-06-30 10252410 2023-06-30 10252410 core:RetainedEarningsAccumulatedLosses 2023-06-30 10252410 core:ShareCapital 2023-06-30 10252410 core:SharePremium 2023-06-30 10252410 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 10252410 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 10252410 bus:SmallEntities 2022-07-01 2023-06-30 10252410 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 10252410 bus:FullAccounts 2022-07-01 2023-06-30 10252410 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 10252410 bus:RegisteredOffice 2022-07-01 2023-06-30 10252410 bus:Director1 2022-07-01 2023-06-30 10252410 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10252410 core:PatentsTrademarksLicencesConcessionsSimilar 2022-07-01 2023-06-30 10252410 core:ComputerEquipment 2022-07-01 2023-06-30 10252410 core:LandBuildings 2022-07-01 2023-06-30 10252410 core:PlantMachinery 2022-07-01 2023-06-30 10252410 countries:EnglandWales 2022-07-01 2023-06-30 10252410 2022-06-30 10252410 2021-07-01 2022-06-30 10252410 2022-06-30 10252410 core:RetainedEarningsAccumulatedLosses 2022-06-30 10252410 core:ShareCapital 2022-06-30 10252410 core:SharePremium 2022-06-30 10252410 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 10252410 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 10252410

How Now Dairy Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

How Now Dairy Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

How Now Dairy Limited

(Registration number: 10252410)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

297

396

Tangible assets

5

282,680

132,711

 

282,977

133,107

Current assets

 

Stocks

69,319

71,650

Debtors

33,955

21,345

Cash at bank and in hand

 

114

1,077

 

103,388

94,072

Creditors: Amounts falling due within one year

 

(166,222)

(137,066)

Net current liabilities

 

(62,834)

(42,994)

Total assets less current liabilities

 

220,143

90,113

Creditors: Amounts falling due after more than one year

(42,011)

(335,377)

Net assets/(liabilities)

 

178,132

(245,264)

Capital and reserves

 

Called up share capital

1,599

200,300

Share premium reserve

775,251

469

Profit and loss account

(598,718)

(446,033)

Shareholders' funds/(deficit)

 

178,132

(245,264)

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 November 2023
 

.........................................

Mr O A Lee

Director

 

How Now Dairy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
Ladydown
Ugborough
Ivybridge
Devon
PL21 0PG

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2% straight line

Plant and machinery

15% reducing balance

Office Equipment

15% reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

 

How Now Dairy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trademarks

10% straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 15 (2022 - 15).

4

Intangible assets

Total
£

Cost or valuation

At 1 July 2022

990

At 30 June 2023

990

Amortisation

At 1 July 2022

594

Amortisation charge

99

At 30 June 2023

693

Carrying amount

At 30 June 2023

297

At 30 June 2022

396

5

Tangible assets

Total
£

Cost or valuation

At 1 July 2022

265,714

Additions

213,421

Disposals

(58,814)

At 30 June 2023

420,321

Depreciation

At 1 July 2022

133,002

Charge for the year

41,271

Eliminated on disposal

(36,632)

At 30 June 2023

137,641

Carrying amount

At 30 June 2023

282,680

At 30 June 2022

132,711