IRIS Accounts Production v24.2.0.383 NI050206 Board of Directors 1.4.23 31.3.24 31.3.24 the sale of animal feeds, fertiliser and general farm supplies. true false true true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0502062023-03-31NI0502062024-03-31NI0502062023-04-012024-03-31NI0502062022-03-31NI0502062022-04-012023-03-31NI0502062023-03-31NI050206ns15:NorthernIreland2023-04-012024-03-31NI050206ns14:PoundSterling2023-04-012024-03-31NI050206ns10:Director12023-04-012024-03-31NI050206ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31NI050206ns10:FRS1022023-04-012024-03-31NI050206ns10:Audited2023-04-012024-03-31NI050206ns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2023-04-012024-03-31NI050206ns10:LargeMedium-sizedCompaniesRegimeForAccounts2023-04-012024-03-31NI050206ns10:FullAccounts2023-04-012024-03-31NI050206ns10:OrdinaryShareClass12023-04-012024-03-31NI050206ns10:Director22023-04-012024-03-31NI050206ns10:CompanySecretary12023-04-012024-03-31NI050206ns10:RegisteredOffice2023-04-012024-03-31NI050206ns5:CurrentFinancialInstruments2024-03-31NI050206ns5:CurrentFinancialInstruments2023-03-31NI050206ns5:Non-currentFinancialInstruments2024-03-31NI050206ns5:Non-currentFinancialInstruments2023-03-31NI050206ns5:ShareCapital2024-03-31NI050206ns5:ShareCapital2023-03-31NI050206ns5:RetainedEarningsAccumulatedLosses2024-03-31NI050206ns5:RetainedEarningsAccumulatedLosses2023-03-31NI050206ns5:ShareCapital2022-03-31NI050206ns5:RetainedEarningsAccumulatedLosses2022-03-31NI050206ns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31NI050206ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31NI05020612023-04-012024-03-31NI050206ns5:OwnedAssets2023-04-012024-03-31NI050206ns5:OwnedAssets2022-04-012023-03-31NI050206ns5:LeasedAssets2023-04-012024-03-31NI050206ns5:LeasedAssets2022-04-012023-03-31NI050206ns5:HirePurchaseContracts2023-04-012024-03-31NI050206ns5:HirePurchaseContracts2022-04-012023-03-31NI050206ns10:OrdinaryShareClass12022-04-012023-03-31NI050206ns5:LandBuildings2023-03-31NI050206ns5:PlantMachinery2023-03-31NI050206ns5:FurnitureFittings2023-03-31NI050206ns5:MotorVehicles2023-03-31NI050206ns5:LandBuildings2023-04-012024-03-31NI050206ns5:PlantMachinery2023-04-012024-03-31NI050206ns5:FurnitureFittings2023-04-012024-03-31NI050206ns5:MotorVehicles2023-04-012024-03-31NI050206ns5:LandBuildings2024-03-31NI050206ns5:PlantMachinery2024-03-31NI050206ns5:FurnitureFittings2024-03-31NI050206ns5:MotorVehicles2024-03-31NI050206ns5:LandBuildings2023-03-31NI050206ns5:PlantMachinery2023-03-31NI050206ns5:FurnitureFittings2023-03-31NI050206ns5:MotorVehicles2023-03-31NI050206ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-31NI050206ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-31NI050206ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-31NI050206ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-31NI050206ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31NI050206ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31NI050206ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-31NI050206ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31NI050206ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-31NI050206ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-31NI050206ns5:HirePurchaseContracts2024-03-31NI050206ns5:HirePurchaseContracts2023-03-31NI050206ns5:DeferredTaxation2023-03-31NI050206ns5:DeferredTaxation2023-04-012024-03-31NI050206ns5:DeferredTaxation2024-03-31NI050206ns10:OrdinaryShareClass12024-03-31NI050206ns5:RetainedEarningsAccumulatedLosses2023-03-31NI05020612023-04-012024-03-31
REGISTERED NUMBER: NI050206 (Northern Ireland)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

ROADHEAD FARM FEEDS LTD

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024










Page

Company Information 1

Strategic Report 2

Report of the Directors 5

Report of the Independent Auditors 7

Income Statement 10

Other Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Cash Flow Statement 14

Notes to the Cash Flow Statement 15

Notes to the Financial Statements 16


ROADHEAD FARM FEEDS LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: Mr G Hewitt
Mrs A Hewitt



SECRETARY: Mrs A Hewitt



REGISTERED OFFICE: 6 East Bridge Street
Enniskillen
Co. Fermanagh
BT747BT



REGISTERED NUMBER: NI050206 (Northern Ireland)



AUDITORS: Patton Rainey Stenson Limited
Chartered Accountants and Statutory Auditors
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT



BANKERS: Clydesdale Bank PLC
2 Wellgate
Lanark
ML11 9DT



SOLICITORS: Dale Solicitors LLP
18 Wallace Street
Galston
Ayrshire
KA4 8HP

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

STRATEGIC REPORT
for the Year Ended 31 MARCH 2024


The directors present their strategic report for the year ended 31 March 2024.

PRINCIPAL ACTIVITIES
The principal activities of the company in the year under review was that of the production and sale of animal feeds and general farm supplies.

REVIEW OF BUSINESS
The directors consider the results for the year and the position of the company at the year end to be satisfactory given the conditions within the agricultural sector at present and in particular the volatility in the price of raw materials.

The profit before taxation for the year is £1,059,352 (2023 £1,428,294). This was achieved on a turnover of £17,596,571 (2023 £19,843,565). Net assets have increased to £6,712,399 (2023 £5,975,092). The directors are pleased with the financial position of the company at the year end.

The company's prospects for 2024/2025 remains solid and the directors view the outlook for the company with confidence. The company continued to invest in plant and machinery during the year and this will continue to ensure ongoing business growth and improved effectiveness. A new mill extension was constructed to meet increased productivity requirement and was operational at the year end.

The company's key performance indicators are as follows :

2024 2023

£    £   
Turnover 17,597 19,844

Gross Profit Margin 16.1% 17.9%

Net Profit Margin 6.0% 7.2%

Shareholders' Equity 6,712 5,975

SECTION 172(1) STATEMENT
The directors recognise their responsibility under Section 172(1) of the Companies Act 2006 to promote the success of the company for the benefit of the members as a whole and in doing so have regard to:

a. The likely consequence of any decisions in the long term;
b. The interest of the Company's employees;
c. The need to foster the Company's business relationships with suppliers, customers and others;
d. The impact of the Company's operations on the community and the environment;
e. The desirability of the Company maintaining a reputation for high standards of business conduct;
f. The need to act fairly between members of the Company.

The key points relating to these factors are considered below in the decision making process.

(a) The likely consequence of any decision in the long term
The directors are focused on a strategic plan which promotes the long-term viability of the company. This
strategy considers the various risks facing the business and concentrates on the long term sustainability of the
company.

(b) The interest of the Company's Employees
The company regards that a skilled and experienced workforce is one of its most important resources. The
health, safety and wellbeing of the company's employees remains a priority. The company is committed to
achieving the highest possible standards in health and safety management and strives to make all
sites and offices safe environments for employees and customers alike. Retention of key staff is critical
and there is relatively low turnover of personnel. Their knowledge and experience are vital in the company's
ability to serve customer requirements and to meet contractual obligations.

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

STRATEGIC REPORT
for the Year Ended 31 MARCH 2024

(c) The need to foster the Company's business relationship with suppliers, customers and others
The directors regularly review how the company maintains positive relationships with all of its stakeholders including suppliers, customers and others. Our continued successes have been founded on building strong
relationships with customers, working collaboratively with them, anticipating issues they face, providing
problem-solving solutions and using our expert capabilities to deliver satisfactory solutions. The company has an
extensive and valued supply chain who supply our business with the highest quality of product. Suppliers are
treated in a fair and consistent manner which includes prompt payment.

(d) The impact of the Company's operations on the community and the environment
The company recognises its corporate responsibility to carry out its operations whilst minimising environmental
impacts. The directors continually aim to comply with all applicable environmental legislation, prevent pollution
and reduce waste where possible. The aim of the company is to continue to reduce its carbon footprint and help make a contributions to the government's carbon reduction targets.

(e) The desirability of the Company maintaining a reputation for high standards of business conduct
The directors continue to take the responsibility of ensuring the company remains a good corporate citizen
seriously and consider that maintaining its strong reputation for the highest standards of business conduct to be
an important priority. Operating in well invested factories and having skilled employees are key to maintaining
the highest standards of product development.

(f) The need to act fairly between members of the Company
The company is a family owned business with a goal to ensure the continued success of the company.

PRINCIPAL RISKS AND UNCERTAINTIES
Strong and effective risk management is a central strategy in the manner which the directors run the business.

The conditions within the agricultural sector remain challenging at present particularly with increasing prices during the course of the year.

In the directors opinion the risks and uncertainties facing the company are adequately addressed and managed.

FINANCIAL RISK MANAGEMENT
The company's operations expose it to a variety of financial risks that include the effects of credit risk, liquidity risk and price risk. Given the size of the company the financial risk management is not delegated and is controlled by the directors and the main risks associated with the financial assets and liabilities are set out below.

Credit risk
The company has implemented policies that require appropriate credit checks on potential customers before sales are made, and the majority of sales continue to be made to long standing customers The company reassesses credit risk on an ongoing basis to ensure that the company's exposure to bad debts is mitigated.

Liquidity risk
The company has adequate cash resources and is managed by the company's directors on a daily basis. Liquidity risk is adequately addressed and managed sufficiently.

Price risk
The company is exposed to commodity price risk as a result of its operations due to movements and the volatility of commodity prices. Management have a policy of forward buying a proportion of key ingredients with a view to controlling the company's exposure to commodity price volatility. The directors will revisit the appropriateness of this policy should the company's operations change in size or nature.

The company remains committed to strong financial controls, cash management and prudent accounting policies.

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

STRATEGIC REPORT
for the Year Ended 31 MARCH 2024

HEALTH AND SAFETY
The directors continue to focus on the health and safety and the wellbeing of employees ensuring Health and Safety is at the core of everything undertaken by the company. Failure to manage risks in this area could cause serious harm to employees, subcontractors or other stakeholders. The directors remain fully committed to managing and mitigating risk to ensure a safe working environment and this is reflected throughout the culture of the Company. The directors maintain an increasing emphasis on wellbeing and have continued to promote the wider health of employees. This has included supporting mental health initiatives and encouraging a healthier lifestyle.

PEOPLE
The directors recognise that future performance could be impacted through a lack of skilled resources and note that the continued success of the business has been achieved by the people working in it. There are many long serving members of staff, and a relatively low turnover of personnel reflects the general policy of providing good terms and conditions of employment while dealing with staff as well as other stakeholders in the business, in a fair and consistent manner. Employees continued loyalty and hard work are much appreciated. The directors seek to continue their focus on recruitment, training and retention of a highly skilled and professional workforce.

ENVIRONMENTAL SUSTAINABILITY
The directors are mindful that we all live in a world of finite resources and where many operate there is a risk of doing damage to the environment. They are focused on sustainability and seek to exceed all environmental responsibilities. They continue to develop renewable initiatives utilizing energy saving procedures during the construction phases and beyond. The directors approach to the environment ensures that the companies construction operations have a minimal impact and where possible enhances the long-term environmental conditions for all stakeholders.

GOING CONCERN
The company's activities, together with factors likely to affect its future development, performance and position are continuously reviewed by the directors. Review of cash flow and liquidity position leads the directors to believe that the company is well place to manage its business risks successfully despite any current economic uncertainties.

The company meets its day to day working capital requirements through its current cash levels. The directors are confident that the company has adequate resources to meet its normal business requirements for the foreseeable future, a period of at least 12 months from the date of signing the financial statements and therefore have continued to adopt the going concern basis when preparing the financial statements.

POST BALANCE SHEET EVENTS
There has been no significant events affecting the company since the year end.

ON BEHALF OF THE BOARD:





Mr G Hewitt - Director


14 June 2024

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

REPORT OF THE DIRECTORS
for the Year Ended 31 MARCH 2024


The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIVIDENDS
The total dividends paid for the year ended 31 March 2024 will be £2,000 (2023 £4,000)

RESEARCH AND DEVELOPMENT
The company continues to invest in research and development to improve the efficiency and production in the company.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS
The directors during the year under review were:

Mr G Hewitt
Mrs A Hewitt

The beneficial interests of the directors holding office on 31 March 2024 in the issued share capital of the company were as follows:
31.3.24 1.4.23
Ordinary Shares £1 shares

Mr G Hewitt 2 2
Mrs A Hewitt 2 2

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

REPORT OF THE DIRECTORS
for the Year Ended 31 MARCH 2024


AUDITORS
The auditors, Patton Rainey Stenson Limited, have indicated their willingness to continue in office and a resolution will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report was approved by the Board of Directors on 14 June 2024.

ON BEHALF OF THE BOARD:





Mr G Hewitt - Director


14 June 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROADHEAD FARM FEEDS LTD


Opinion
We have audited the financial statements of Roadhead Farm Feeds Ltd (the 'company') for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROADHEAD FARM FEEDS LTD


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISAs, we exercise professional judgement and maintain professional scepticism throughout the audit.

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to these risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.

We obtain an understanding of internal controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances.

We obtain an understanding of the company, the industry it operates in and the legal and regulatory framework that the company operates within. We focus on the provisions of these laws and regulations that have a direct effect on material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, Pension, Tax and Health and Safety Legislation, together with provisions of other laws and regulations that do not have a direct effect on the financial statements, but compliance with which may be fundamental to the company's ability to operate or avoid a material penalty.

We tailored our response to these identified risks to include enquiry of management and external legal advisors concerning actual and potential litigation and claims, performing analytical procedures to identify any unusual or unexpected relationships that may indicate the risk of material misstatement due to fraud or other irregularities. Further we reviewed the correspondence with HMRC and other regulatory bodies.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROADHEAD FARM FEEDS LTD

In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias. Further we evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Thomas Samuel Patton (Senior Statutory Auditor)
for and on behalf of Patton Rainey Stenson Limited
Chartered Accountants and Statutory Auditors
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT

14 June 2024

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

INCOME STATEMENT
for the Year Ended 31 MARCH 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 4 17,596,571 19,843,565

Cost of sales 14,768,185 16,301,219
GROSS PROFIT 2,828,386 3,542,346

Administrative expenses 1,756,834 2,121,462
1,071,552 1,420,884

Other operating income - 26,000
OPERATING PROFIT 6 1,071,552 1,446,884

Interest receivable and similar income 10,368 1,015
1,081,920 1,447,899

Interest payable and similar expenses 7 23,492 19,605
PROFIT BEFORE TAXATION 1,058,428 1,428,294

Tax on profit 8 319,814 149,037
PROFIT FOR THE FINANCIAL YEAR 738,614 1,279,257

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

OTHER COMPREHENSIVE INCOME
for the Year Ended 31 MARCH 2024

31.3.24 31.3.23
Notes £    £   

PROFIT FOR THE YEAR 738,614 1,279,257


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

738,614

1,279,257

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 2,615,023 2,275,171

CURRENT ASSETS
Stocks 11 718,305 847,085
Debtors 12 5,060,581 4,570,406
Cash at bank and in hand 412,852 963,754
6,191,738 6,381,245
CREDITORS
Amounts falling due within one year 13 1,504,138 2,201,083
NET CURRENT ASSETS 4,687,600 4,180,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,302,623

6,455,333

CREDITORS
Amounts falling due after more than one
year

14

-

(107,455

)

PROVISIONS FOR LIABILITIES 19 (590,917 ) (372,786 )
NET ASSETS 6,711,706 5,975,092

CAPITAL AND RESERVES
Called up share capital 20 4 4
Retained earnings 21 6,711,702 5,975,088
SHAREHOLDERS' FUNDS 6,711,706 5,975,092

The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2024 and were signed on its behalf by:





Mr G Hewitt - Director


ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

STATEMENT OF CHANGES IN EQUITY
for the Year Ended 31 MARCH 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 4 4,699,831 4,699,835

Changes in equity
Dividends - (4,000 ) (4,000 )
Total comprehensive income - 1,279,257 1,279,257
Balance at 31 March 2023 4 5,975,088 5,975,092

Changes in equity
Dividends - (2,000 ) (2,000 )
Total comprehensive income - 738,614 738,614
Balance at 31 March 2024 4 6,711,702 6,711,706

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

CASH FLOW STATEMENT
for the Year Ended 31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 399,304 1,803,195
Interest paid (16,534 ) (11,422 )
Interest element of hire purchase payments
paid

(6,958

)

(8,183

)
Tax paid (193 ) (193 )
Net cash from operating activities 375,619 1,783,397

Cash flows from investing activities
Purchase of tangible fixed assets (779,498 ) (1,040,461 )
Interest received 10,368 1,015
Net cash from investing activities (769,130 ) (1,039,446 )

Cash flows from financing activities
Capital repayments in year (156,848 ) (191,230 )
Amount introduced by directors (2,000 ) -
Amount withdrawn by directors 3,457 3,583
Equity dividends paid (2,000 ) (4,000 )
Net cash from financing activities (157,391 ) (191,647 )

(Decrease)/increase in cash and cash equivalents (550,902 ) 552,304
Cash and cash equivalents at beginning of
year

2

963,754

411,450

Cash and cash equivalents at end of year 2 412,852 963,754

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

NOTES TO THE CASH FLOW STATEMENT
for the Year Ended 31 MARCH 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
31.3.24 31.3.23
£    £   
Profit before taxation 1,058,428 1,428,294
Depreciation charges 439,645 218,940
Finance costs 23,492 19,605
Finance income (10,368 ) (1,015 )
1,511,197 1,665,824
Decrease/(increase) in stocks 128,780 (59,690 )
Increase in trade and other debtors (490,175 ) (848,768 )
(Decrease)/increase in trade and other creditors (750,498 ) 1,045,829
Cash generated from operations 399,304 1,803,195

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 412,852 963,754
Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 963,754 452,708
Bank overdrafts - (41,258 )
963,754 411,450


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank and in hand 963,754 (550,902 ) 412,852
963,754 (550,902 ) 412,852
Debt
Finance leases (276,242 ) 156,848 (119,394 )
Debts falling due within 1 year (31,735 ) 10,021 (21,714 )
(307,977 ) 166,869 (141,108 )
Total 655,777 (384,033 ) 271,744

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024


1. STATUTORY INFORMATION

Roadhead Farm Feeds 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
The company's activities, together with factors likely to affect its future development, performance and position are continuously reviewed by the directors. Review of cash flow, liquidity position and borrowing facilities leads the directors to to believe that the company is well placed to manage its business risks successfully despite any current economic uncertainties.

The company meets its day to day working capital requirements through its current cash levels. The directors are confident that the company has adequate resources to meet its normal business requirements for the foreseeable future and therefore they continue to adopt the going concern basis when preparing the financial statements.

Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

Sale of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have been transferred to the buyer, usually on dispatch of the goods, the amounts of revenue can be measured reliably, it is probable that future economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

(i) Depreciation and residual values

Depreciation is calculated, using the stated method, to allocate the depreciable amount to their residual values over the expected useful economic lives of the assets concerned. The principal annual rates used are as follows:

Freehold Property - 4% Straight line
Plant and machinery -15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance


The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.


ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
(ii) Subsequent additions and major components

Subsequent costs, including major inspections , are included in the assets carrying amount or recognised as a separate asset, as appropriate, only when it is probable that economic benefits associated with the item will flow to the group and the cost can be measured reliably.

The carrying amount of any replaced component is derecognised. Major components are treated as a separate asset where they have significantly different patterns of consumption of economic benefits and are depreciated separately over its useful life.

Repairs, maintenance and minor inspection costs are expensed as incurred.

(iii) Derecognition

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the income statement and included in cost of sales.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost means purchase price including all costs in bringing the goods to their present condition and location.

Net realisable value is based on estimated selling price less any further costs expected to be incurred in the sale and distribution.

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 taxation
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.

Research and development
Expenditure on research and development is written off to the income statement in the year which it is incurred.

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances and are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans and, amounts payable to group undertakings, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a prepayment for liquidity services and amortised over the period of the facility to which it relates.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to further periods. This is measured at the discounted salary cost of the future holiday entitlement so accrued at the Balance Sheet date.

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.

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the directors.

Provisions for liabilities
Provisions are recognised when the company has a present legal or constructive obligation as result of past events; it is probable that an outflow of resources will be required to settle the obligation: and the amount of the obligation can be estimated reliably.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost.

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

When preparing the financial statements, management undertakes a number of judgements, estimates and assumptions about the recognition and measurement of assets, liabilities, income and expenses. The following are significant management judgements in applying the accounting policies of the company that have the most significant effect on the financial statements.

Allowance for impairment of trade debtors

The company estimated the allowance for doubtful trade debtors based on assessment of specific balances where the company has objective evidence comprising default in payment terms or significant financial difficulty that certain customers are unable to meet their financial obligations. In these cases, judgment used was based on the best available facts and circumstances included but not limited to, the length of the relationship.

Useful lives of depreciable assets

The annual depreciation charge depends primarily on the estimated lives of each type of asset, in certain circumstances, estimated of fair values and residual values. The directors annually review these asset lives and adjust them as necessary to reflect current thinking on remaining lives in light of technological change, prospective economic utilisation and physical condition for the period. It is not practical to quantify the impact of changes in asset lives on an overall basis, as asset lives are individually determined, and there are a significant number of asset lives in use. The impact of any change would vary significantly depending on individual changes in assets and the classes of asset impacted.

4. TURNOVER

The turnover relates to the company's principal activities which are carried on in the United Kingdom.

5. EMPLOYEES AND DIRECTORS
31.3.24 31.3.23
£    £   
Wages and salaries 569,352 474,607
Social security costs 57,956 44,001
Other pension costs 8,623 9,751
635,931 528,359

The average number of employees during the year was as follows:
31.3.24 31.3.23

Management 3 3
Administration and sales 4 4
Production and distribution 8 8
15 15

31.3.24 31.3.23
£    £   
Directors' remuneration 30,000 -

Key Management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the company. All key management are directors and their remuneration for the year has been disclosed above.

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.3.24 31.3.23
£    £   
Other operating leases 64,166 49,953
Depreciation - owned assets 387,889 170,435
Depreciation - assets on hire purchase contracts 51,757 69,940
Auditors' remuneration 6,500 6,000
Auditors' remuneration for non audit work 4,000 4,000
Foreign exchange differences (4,112 ) -

7. INTEREST PAYABLE AND SIMILAR EXPENSES
31.3.24 31.3.23
£    £   
Bank interest and charges 15,858 10,391
Bank loan interest 676 1,031
Hire purchase 6,958 8,183
23,492 19,605

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.24 31.3.23
£    £   
Current tax:
UK corporation tax 101,683 192

Deferred tax 218,131 148,845
Tax on profit 319,814 149,037

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


8. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.3.24 31.3.23
£    £   
Profit before tax 1,058,428 1,428,294
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 19%)

264,607

271,376

Effects of:
Expenses not deductible for tax purposes 948 299
Capital allowances in excess of depreciation (98,502 ) (198,862 )
Utilisation of tax losses (29,895 ) (38,534 )
Deferred tax 218,131 148,845

Enhanced deduction (35,475 ) (34,087 )
Total tax charge 319,814 149,037

9. DIVIDENDS
31.3.24 31.3.23
£    £   
Ordinary Shares shares of £1 each
Final 2,000 4,000

10. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 262,981 3,301,673 59,224 199,129 3,823,007
Additions - 770,583 8,915 - 779,498
At 31 March 2024 262,981 4,072,256 68,139 199,129 4,602,505
DEPRECIATION
At 1 April 2023 21,038 1,357,710 42,138 126,950 1,547,836
Charge for year 10,519 407,182 3,900 18,045 439,646
At 31 March 2024 31,557 1,764,892 46,038 144,995 1,987,482
NET BOOK VALUE
At 31 March 2024 231,424 2,307,364 22,101 54,134 2,615,023
At 31 March 2023 241,943 1,943,963 17,086 72,179 2,275,171

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


10. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 561,076
Transfer to ownership (83,500 )
At 31 March 2024 477,576
DEPRECIATION
At 1 April 2023 146,839
Charge for year 51,757
Transfer to ownership (32,220 )
At 31 March 2024 166,376
NET BOOK VALUE
At 31 March 2024 311,200
At 31 March 2023 414,237

11. STOCKS
31.3.24 31.3.23
£    £   
Raw materials and goods for resale 718,305 847,085

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,809,620 2,589,538
Amount due by related party (Note 25) 2,050,382 1,637,328
VAT 84,574 121,196
Prepayments 116,005 222,344
5,060,581 4,570,406

Amounts owed by related undertakings are unsecured, interest free, have no fixed date of repayment, are repayable on demand and are stated at recoverable value.

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 15) 21,714 31,735
Hire purchase contracts (see note 16) 119,394 168,787
Trade creditors 1,156,158 1,673,596
Corporation tax 101,683 193
Social security and other taxes 15,600 14,241
Directors' current accounts 36,274 34,817
Accruals and deferred income 53,315 277,714
1,504,138 2,201,083

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 16) - 107,455

15. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 21,714 31,735

16. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 119,394 168,787
Between one and five years - 107,455
119,394 276,242

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


17. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 119,394 276,242

The bank hold a fixed and floating charge over certain assets of the company as well as a personal guarantee by the directors.

The obligations under hire purchase contracts are secured by the assets to which they relate.

18. FINANCIAL INSTRUMENTS

Financial assets that are debt instruments measured at amortised cost comprise trade debtors, other debtors, cash and cash equivalents.

Financial liabilities measured at amortised cost comprise trade creditors , accruals, bank overdraft and bank loans.

19. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 590,917 372,786

Deferred
tax
£   
Balance at 1 April 2023 372,786
Provided during year 218,131
Balance at 31 March 2024 590,917

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
4 Ordinary Shares £1 4 4

21. RESERVES
Retained
earnings
£   

At 1 April 2023 5,975,088
Profit for the year 738,614
Dividends (2,000 )
At 31 March 2024 6,711,702

ROADHEAD FARM FEEDS LTD (REGISTERED NUMBER: NI050206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024


22. PENSION COMMITMENTS

The company operates a defined contribution pension scheme for the benefit for the benefit of the staff. The assets of the scheme are held separately from those of the company in independently administered funds. The total pension cost for the company for the year was £9,211 (2023 £9,751). There was a liability outstanding at the year end of £1,875 (2023 £1,576)

23. CONTINGENT LIABILITIES

The company had no contingent liabilities existing at the balance sheet date (2023 - £Nil).

24. CAPITAL COMMITMENTS

At 31 March 2024 the company had capital commitments of £550,000 (2023 £1,186,990) which have not been provided for within the accounts.

25. RELATED PARTY DISCLOSURES

Included in creditors at the year end are amounts owing to the directors of £38,274 (2023 £34,817).

J A Hewitt and Sons and J A Hewitt Limited are identified as being related to Roadhead Farm Feeds Ltd by way of common control.

2024 2023

Sales to J A Hewitt and Sons Nil 2,647,630
Purchases from J A Hewitt and Sons Nil 283,450
Amounts due to J A Hewitt and Sons 5,426 1,638,328

Sales to J A Hewitt Limited Nil Nil
Purchases from J A Hewitt Limited 1,971,139 Nil
Amounts due from J A Hewitt Limited 2,055,808 Nil


Rent paid to directors 32,556 32,556

26. POST BALANCE SHEET EVENTS

There has been no significant events affecting the company since the year end.

27. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G Hewitt and Mrs A Hewitt.