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REGISTERED NUMBER: NI615149 (Northern Ireland)















Financial Statements

for the Year Ended 31 October 2023

for

Taughlumny Poultry Ltd

Taughlumny Poultry Ltd (Registered number: NI615149)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Taughlumny Poultry Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr William Thomas Gamble
Mrs Margaret Janet Gamble



REGISTERED OFFICE: Quaker Buildings
High Street
Lurgan
Craigavon
Co. Armagh
BT66 8BB



REGISTERED NUMBER: NI615149 (Northern Ireland)



ACCOUNTANTS: McCleary & Company Ltd
Chartered Accountants
Quaker Buildings
High Street
Lurgan
Craigavon
Co. Armagh
BT66 8BB



BANKERS: Ulster Bank Limited
18 Bow Street
Lisburn
Co. Antrim
BT28 1BN

Taughlumny Poultry Ltd (Registered number: NI615149)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,149,134 529,802

CURRENT ASSETS
Debtors 5 235,901 170,908
Cash at bank 25,642 -
261,543 170,908
CREDITORS
Amounts falling due within one year 6 (721,816 ) (104,352 )
NET CURRENT (LIABILITIES)/ASSETS (460,273 ) 66,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

688,861

596,358

PROVISIONS FOR LIABILITIES (24,107 ) (11,140 )
NET ASSETS 664,754 585,218

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 664,654 585,118
SHAREHOLDERS' FUNDS 664,754 585,218

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Taughlumny Poultry Ltd (Registered number: NI615149)

Balance Sheet - continued
31 October 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 27 March 2024 and were signed on its behalf by:





Mr William Thomas Gamble - Director


Taughlumny Poultry Ltd (Registered number: NI615149)

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

1. STATUTORY INFORMATION

Taughlumny Poultry Ltd 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.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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 - 25% 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.

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.

Taughlumny Poultry Ltd (Registered number: NI615149)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 469,140 185,364 654,504
Additions 408,903 265,350 674,253
At 31 October 2023 878,043 450,714 1,328,757
DEPRECIATION
At 1 November 2022 - 124,702 124,702
Charge for year - 54,921 54,921
At 31 October 2023 - 179,623 179,623
NET BOOK VALUE
At 31 October 2023 878,043 271,091 1,149,134
At 31 October 2022 469,140 60,662 529,802

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 221,606 95,245
Other debtors 14,295 75,663
235,901 170,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 520,395 5,213
Trade creditors 197,872 86,479
Taxation and social security - 7,225
Other creditors 3,549 5,435
721,816 104,352

Taughlumny Poultry Ltd (Registered number: NI615149)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mr William Thomas Gamble and Mrs Margaret Janet Gamble
Balance outstanding at start of year (2,528 ) (528 )
Amounts advanced 49,000 4,000
Amounts repaid (43,000 ) (6,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,472 (2,528 )

8. RELATED PARTY DISCLOSURES

During the year dividends totalling £4,000 were paid to the directors.

9. ULTIMATE CONTROLLING PARTY



The directors are the ultimate controlling parties as together they own 100% of the Ordinary Share Capital of the Company.