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REGISTERED NUMBER: NI606717 (Northern Ireland)















CLARKE DAIRIES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023






CLARKE DAIRIES LTD (REGISTERED NUMBER: NI606717)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CLARKE DAIRIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: J Clarke





REGISTERED OFFICE: 4 Church Rd
Aghyaran
Co. Tyrone
BT81 7XZ





REGISTERED NUMBER: NI606717 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly Chartered Accountants
43 Dublin Road
Omagh
Co. Tyrone
BT78 1HE

CLARKE DAIRIES LTD (REGISTERED NUMBER: NI606717)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 21,824 24,248
Property, plant and equipment 6 307,005 379,110
328,829 403,358

CURRENT ASSETS
Inventories 7 278,827 279,606
Receivables: amounts falling due within
one year

8

117,684

131,552
Cash at bank 560,625 601,270
957,136 1,012,428
PAYABLES
Amounts falling due within one year 9 (178,358 ) (315,345 )
NET CURRENT ASSETS 778,778 697,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,107,607

1,100,441

PROVISIONS FOR LIABILITIES (72,366 ) (68,698 )

GOVERNMENT GRANTS (388 ) (456 )
NET ASSETS 1,034,853 1,031,287

CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 48,488 48,488
Retained earnings 986,363 982,797
SHAREHOLDERS' FUNDS 1,034,853 1,031,287

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

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

CLARKE DAIRIES LTD (REGISTERED NUMBER: NI606717)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 28 February 2024 and were signed by:





J Clarke - Director


CLARKE DAIRIES LTD (REGISTERED NUMBER: NI606717)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Clarke Dairies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - 15% reducing balance

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


CLARKE DAIRIES LTD (REGISTERED NUMBER: NI606717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 4 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 August 2022
and 31 July 2023 48,488
AMORTISATION
At 1 August 2022 24,240
Amortisation for year 2,424
At 31 July 2023 26,664
NET BOOK VALUE
At 31 July 2023 21,824
At 31 July 2022 24,248

CLARKE DAIRIES LTD (REGISTERED NUMBER: NI606717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and
property machinery Totals
£ £ £
COST
At 1 August 2022 17,541 1,073,997 1,091,538
Additions - 24,252 24,252
At 31 July 2023 17,541 1,098,249 1,115,790
DEPRECIATION
At 1 August 2022 - 712,428 712,428
Charge for year - 96,357 96,357
At 31 July 2023 - 808,785 808,785
NET BOOK VALUE
At 31 July 2023 17,541 289,464 307,005
At 31 July 2022 17,541 361,569 379,110

7. INVENTORIES
2023 2022
£ £
Inventories 278,827 279,606

8. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade receivables 70,290 107,845
Directors' current accounts 26,755 -
VAT 20,639 23,707
117,684 131,552

9. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade payables 130,110 42,527
Taxation and social security 44,818 39,306
Other payables 3,430 233,512
178,358 315,345

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 ORD 1 2 2

11. RESERVES
Revaluation
reserve
£
At 1 August 2022
and 31 July 2023 48,488