Hartington Creamery Ltd 14758299 false 2023-05-22 2024-03-31 2024-03-31 The principal activity of the company is cheese production Digita Accounts Production Advanced 6.30.9574.0 true 14758299 2023-05-22 2024-03-31 14758299 2024-03-31 14758299 core:CurrentFinancialInstruments 2024-03-31 14758299 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14758299 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 14758299 core:Goodwill 2024-03-31 14758299 core:FurnitureFittingsToolsEquipment 2024-03-31 14758299 core:LandBuildings 2024-03-31 14758299 core:OtherPropertyPlantEquipment 2024-03-31 14758299 bus:SmallEntities 2023-05-22 2024-03-31 14758299 bus:AuditExemptWithAccountantsReport 2023-05-22 2024-03-31 14758299 bus:FilletedAccounts 2023-05-22 2024-03-31 14758299 bus:SmallCompaniesRegimeForAccounts 2023-05-22 2024-03-31 14758299 bus:RegisteredOffice 2023-05-22 2024-03-31 14758299 bus:Director1 2023-05-22 2024-03-31 14758299 bus:PrivateLimitedCompanyLtd 2023-05-22 2024-03-31 14758299 core:Goodwill 2023-05-22 2024-03-31 14758299 core:FurnitureFittingsToolsEquipment 2023-05-22 2024-03-31 14758299 core:LandBuildings 2023-05-22 2024-03-31 14758299 core:OfficeEquipment 2023-05-22 2024-03-31 14758299 core:OtherPropertyPlantEquipment 2023-05-22 2024-03-31 14758299 core:PlantMachinery 2023-05-22 2024-03-31 14758299 countries:EnglandWales 2023-05-22 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 14758299

Hartington Creamery Ltd

Unaudited Filleted Financial Statements

for the Period from 22 May 2023 to 31 March 2024

 

Hartington Creamery Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Hartington Creamery Ltd

Company Information

Director

Mr Robert Arthur Gosling

Registered office

Pikehall Farm
Pikehall
Matlock
Derbyshire
DE4 2PH

Accountants

Coates and Partners Limited
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

Hartington Creamery Ltd

(Registration number: 14758299)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Intangible assets

4

9,498

Tangible assets

5

77,668

 

87,166

Current assets

 

Stocks

81,193

Debtors

6

64,123

Cash at bank and in hand

 

14,329

 

159,645

Creditors: Amounts falling due within one year

7

(98,675)

Net current assets

 

60,970

Total assets less current liabilities

 

148,136

Creditors: Amounts falling due after more than one year

7

(90,000)

Provisions for liabilities

(6,259)

Net assets

 

51,877

Capital and reserves

 

Called up share capital

27,000

Retained earnings

24,877

Shareholders' funds

 

51,877

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

 

Hartington Creamery Ltd

(Registration number: 14758299)
Balance Sheet as at 31 March 2024 (continued)

Approved and authorised by the director on 30 August 2024
 

.........................................
Mr Robert Arthur Gosling
Director

   
     
 

Hartington Creamery Ltd

Notes to the Unaudited Financial Statements for the Period from 22 May 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 14758299.

The company was formerly known as RAGF Ltd.

The address of its registered office is:
Pikehall Farm
Pikehall
Matlock
Derbyshire
DE4 2PH
United Kingdom

These financial statements were authorised for issue by the director on 30 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Hartington Creamery Ltd

Notes to the Unaudited Financial Statements for the Period from 22 May 2023 to 31 March 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land & Buildings

10% Straight line basis

Plant & Machinery

15% Straight line basis

Office equipment

20% Straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

 

Hartington Creamery Ltd

Notes to the Unaudited Financial Statements for the Period from 22 May 2023 to 31 March 2024 (continued)

2

Accounting policies (continued)

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% Straight line basis

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 15.

 

Hartington Creamery Ltd

Notes to the Unaudited Financial Statements for the Period from 22 May 2023 to 31 March 2024 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

Additions acquired separately

10,959

10,959

At 31 March 2024

10,959

10,959

Amortisation

Amortisation charge

1,461

1,461

At 31 March 2024

1,461

1,461

Carrying amount

At 31 March 2024

9,498

9,498

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

Additions

10,085

548

75,882

86,515

At 31 March 2024

10,085

548

75,882

86,515

Depreciation

Charge for the period

340

91

8,416

8,847

At 31 March 2024

340

91

8,416

8,847

Carrying amount

At 31 March 2024

9,745

457

67,466

77,668

Included within the net book value of land and buildings above is £Nil in respect of long leasehold land and buildings and £9,745 in respect of short leasehold land and buildings.
 

 

Hartington Creamery Ltd

Notes to the Unaudited Financial Statements for the Period from 22 May 2023 to 31 March 2024 (continued)

6

Debtors

Current

2024
£

Trade debtors

57,315

Prepayments

315

Other debtors

6,493

 

64,123

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

55,938

Taxation and social security

2,589

Accruals and deferred income

9,184

Other creditors

30,964

98,675

Creditors: amounts falling due after more than one year

2024
£

Due after one year

Other creditors

90,000