2022-11-01 NI066729 2023-10-30 NI066729 2022-11-01 2023-10-30 NI066729 2022-10-31 NI066729 2021-11-01 2022-10-31 NI066729 uk-core:WithinOneYear 2022-10-31 NI066729 uk-core:WithinOneYear 2023-10-30 NI066729 uk-core:AfterOneYear 2022-10-31 NI066729 uk-core:AfterOneYear 2023-10-30 NI066729 uk-core:ShareCapital 2023-10-30 NI066729 uk-core:ShareCapital 2022-10-31 NI066729 uk-core:RetainedEarningsAccumulatedLosses 2023-10-30 NI066729 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 NI066729 uk-bus:Director1 2022-11-01 2023-10-30 NI066729 uk-core:NetGoodwill 2022-11-01 2023-10-30 NI066729 uk-core:PlantMachinery 2022-11-01 2023-10-30 NI066729 uk-core:Goodwill 2022-10-31 NI066729 uk-core:Goodwill 2023-10-30 NI066729 uk-core:Goodwill 2022-11-01 2023-10-30 NI066729 uk-core:PlantMachinery 2022-10-31 NI066729 uk-core:Land 2022-10-31 NI066729 uk-core:Land 2022-11-01 2023-10-30 NI066729 uk-core:Land 2023-10-30 NI066729 uk-core:PlantMachinery 2023-10-30 NI066729 uk-core:WithinOneYear 2023-10-30 NI066729 uk-core:WithinOneYear 2022-10-31 iso4217:GBP xbrli:pure NI066729 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-30 NI066729 uk-bus:FRS102 2022-11-01 2023-10-30 NI066729 uk-bus:FilletedAccounts 2022-11-01 2023-10-30 NI066729 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-30
Frazer Livestock Limited
Registered Number:NI066729
For the period ended 30 October 2023
Northern Ireland
Unaudited Financial Statements
2
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
3
Registered Number :
NI066729
As at 30 October 2023
Frazer Livestock Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
-
12,500
2
Property, plant and equipment
-
130,277
3
-
142,777
Current assets
Inventories
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
Capital and reserves
Called up share capital
1
1
Retained earnings
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.
Mr Nevin Frazer Director
These financial statements were approved and authorised for issue by the Board on 16 August 2024 and were signed by:
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4
Registered Number :
NI066729
For the period ended 30 October 2023
Frazer Livestock Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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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.
Registered address:
203 Battleford Road
Armagh
Armagh
BT61 8BZ
The presentation currency is £ sterling.
1. Accounting policies
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
20% Reducing balance
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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6
For the period ended 30 October 2023
Frazer Livestock Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 November 2022
75,000
At 30 October 2023
75,000
Amortisation
At 01 November 2022
62,500
12,500
Charge for period
At 30 October 2023
75,000
Net book value
At 30 October 2023
-
At 31 October 2022
12,500
3. Property, plant and equipment
Total
Plant and
Machinery
Land and
Buildings
£
£
£
Cost or
valuation
At 01 November 2022
236,739
156,739
80,000
(156,739)
(80,000)
Disposals
(236,739)
At 30 October 2023
-
-
-
Provision for depreciation and impairment
At 01 November 2022
106,462
106,462
-
(106,462)
(106,462)
-
On disposal
At 30 October 2023
-
-
-
At 30 October 2023
Net book value
-
-
-
At 31 October 2022
80,000
50,277
130,277
4. Inventories
2022
2023
£
£
Stocks
418,700
530,100
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7
For the period ended 30 October 2023
Frazer Livestock Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
124,053
192,894
Other debtors
15,005
-
192,894
139,058
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
-
12,155
Trade creditors
57,480
43,500
Taxation and social security
-
27,490
Other creditors
67,646
128,926
125,126
212,071
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
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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