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REGISTERED NUMBER: 01370484 (England and Wales)













Financial Statements

For The Year Ended 31 March 2024

for

A. Poucher And Sons (Bardney Dairies)
Limited

A. Poucher And Sons (Bardney Dairies)
Limited (Registered number: 01370484)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


A. Poucher And Sons (Bardney Dairies)
Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: Mr A J Poucher
Mr D I Burchnall
Mr P S Burchnall
Mr M A Poucher
Mr H P Burchnall



SECRETARY: Mr P S Burchnall



REGISTERED OFFICE: Lodge Farm
Bardney Dairies
Wragby
MARKET RASEN
Lincolnshire
LN8 5JW



REGISTERED NUMBER: 01370484 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: HSBC Bank plc
221 High Street
LINCOLN
Lincolnshire
LN1 1TS

A. Poucher And Sons (Bardney Dairies)
Limited (Registered number: 01370484)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,600 25,200
Tangible assets 5 709,850 540,208
731,450 565,408

CURRENT ASSETS
Stocks 555,062 639,958
Debtors 365,906 259,226
Cash at bank 91 91
921,059 899,275
CREDITORS
Amounts falling due within one year 780,846 701,364
NET CURRENT ASSETS 140,213 197,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

871,663

763,319

CREDITORS
Amounts falling due after more than
one year

(133,796

)

(41,182

)

PROVISIONS FOR LIABILITIES (182,862 ) (99,468 )
NET ASSETS 555,005 622,669

CAPITAL AND RESERVES
Called up share capital 21,204 21,204
Share premium 84,950 84,950
Retained earnings 448,851 516,515
SHAREHOLDERS' FUNDS 555,005 622,669

A. Poucher And Sons (Bardney Dairies)
Limited (Registered number: 01370484)

Abridged Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 September 2024 and were signed on its behalf by:





Mr P S Burchnall - Director


A. Poucher And Sons (Bardney Dairies)
Limited (Registered number: 01370484)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

A. Poucher And Sons (Bardney Dairies) Limited is a private company, limited by shares , registered in England and Wales. 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 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 2021, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Tractors and combines - 10% on reducing balance

Stocks
Stocks are valued at the lower of production cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost has been determined from actual price information supplied together with deemed costs where cost information was not available. The value of cultivations have been reduced by the element of depreciation.

A. Poucher And Sons (Bardney Dairies)
Limited (Registered number: 01370484)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised costs. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments and are measured at amortised costs. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

A. Poucher And Sons (Bardney Dairies)
Limited (Registered number: 01370484)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 36,000
AMORTISATION
At 1 April 2023 10,800
Amortisation for year 3,600
At 31 March 2024 14,400
NET BOOK VALUE

At 31 March 2024 21,600
At 31 March 2023 25,200

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 800,246
Additions 292,073
Disposals (65,750 )
At 31 March 2024 1,026,569
DEPRECIATION
At 1 April 2023 260,038
Charge for year 77,342
Eliminated on disposal (20,661 )
At 31 March 2024 316,719
NET BOOK VALUE
At 31 March 2024 709,850
At 31 March 2023 540,208

A. Poucher And Sons (Bardney Dairies)
Limited (Registered number: 01370484)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 446,342 319,690
Other loans 120,968 88,824
Hire purchase contracts 106,942 -
674,252 408,514

Loans are secured on the assets to which they relate with the exception of HSBC which is secured on a floating charge on the assets of the company.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr H P Burchnall
Balance outstanding at start of year 1,459 -
Amounts advanced - 34,741
Amounts repaid (1,459 ) (33,282 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,459

Directors' loans are unsecured and interest free.

8. RELATED PARTY DISCLOSURES

Included within creditors is an amount owed to the directors of £78,033 (2023: £70,360). This amount is unsecured, interest free and repayable on demand.