Registered Number:NI066729 |
For the period ended 30 October 2023
Northern Ireland
Unaudited Financial Statements
For the period ended 30 October 2023
Frazer Livestock Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Frazer Livestock Limited
Statement of Financial Position
2022
2023
-
12,500
2
Property, plant and equipment |
-
130,277
3
-
142,777
530,100
418,700
4
Trade and other receivables |
192,894
139,058
5
-
Cash and cash equivalents |
22,626
580,384
722,994
Trade and other payables: amounts falling due within one |
year |
(212,071)
(125,126)
6
510,923
455,258
Net current assets
Total assets less current liabilities |
455,258
653,700
Trade and other payables: amounts falling due after more |
than one year |
(200,000)
(200,000)
7
255,258
Net assets
453,700
1
1
255,257
453,699
255,258
453,700
Shareholders' funds
For the period ended 30 October 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 financial statements for the period ended 30 October 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 16 August 2024 and were signed by: |
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For the period ended 30 October 2023
Frazer Livestock Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the period ended 30 October 2023
Frazer Livestock Limited
Notes to the Financial Statements
Statutory Information
Frazer Livestock Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
number NI066729. |
203 Battleford Road
Armagh
Armagh
BT61 8BZ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of 10 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the period ended 30 October 2023
Frazer Livestock Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
75,000
75,000
62,500
12,500
Charge for period
75,000
-
12,500
3. Property, plant and equipment |
236,739
156,739
80,000
(156,739)
(80,000)
(236,739)
-
-
-
Provision for depreciation and impairment |
106,462
106,462
-
(106,462)
(106,462)
-
-
-
-
-
-
-
80,000
50,277
130,277
2022
2023
418,700
530,100
4 of 5
For the period ended 30 October 2023
Frazer Livestock Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
124,053
192,894
15,005
-
192,894
139,058
6. Trade and other payables: amounts falling due within one year |
2022
2023
-
12,155
57,480
43,500
Taxation and social security |
-
27,490
67,646
128,926
125,126
212,071
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
200,000
200,000
8. Average number of persons employed |
During the year the average number of employees was 1 (2022 : 1)
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