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REGISTERED NUMBER: 04942822 (England and Wales)















USK VALE POULTRY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






USK VALE POULTRY LIMITED (REGISTERED NUMBER: 04942822)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


USK VALE POULTRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: N J Davis





REGISTERED OFFICE: Maesmawr Farm
Glascoed
Pontypool
Monmouthshire
NP4 0TX





REGISTERED NUMBER: 04942822 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

USK VALE POULTRY LIMITED (REGISTERED NUMBER: 04942822)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,264,849 1,162,099
1,264,849 1,162,099

CURRENT ASSETS
Stocks 162,444 149,342
Debtors 6 305,259 314,766
Cash at bank and in hand 1,452,206 2,272,892
1,919,909 2,737,000
CREDITORS
Amounts falling due within one year 7 892,096 451,397
NET CURRENT ASSETS 1,027,813 2,285,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,292,662

3,447,702

CREDITORS
Amounts falling due after more than one
year

8

-

277
NET ASSETS 2,292,662 3,447,425

USK VALE POULTRY LIMITED (REGISTERED NUMBER: 04942822)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 110 110
Retained earnings 2,292,552 3,447,315
SHAREHOLDERS' FUNDS 2,292,662 3,447,425

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th September 2024 and were signed by:





N J Davis - Director


USK VALE POULTRY LIMITED (REGISTERED NUMBER: 04942822)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Usk Vale Poultry 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 2009, is being amortised evenly over its estimated useful life of five 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.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss , 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.


USK VALE POULTRY LIMITED (REGISTERED NUMBER: 04942822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 60,000
AMORTISATION
At 1st April 2023
and 31st March 2024 60,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

USK VALE POULTRY LIMITED (REGISTERED NUMBER: 04942822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st April 2023 771,241 1,622,357 88,436 2,482,034
Additions 130,286 105,869 - 236,155
Disposals - - (1,500 ) (1,500 )
At 31st March 2024 901,527 1,728,226 86,936 2,716,689
DEPRECIATION
At 1st April 2023 36,854 1,230,659 52,422 1,319,935
Charge for year - 124,392 9,002 133,394
Eliminated on disposal - - (1,489 ) (1,489 )
At 31st March 2024 36,854 1,355,051 59,935 1,451,840
NET BOOK VALUE
At 31st March 2024 864,673 373,175 27,001 1,264,849
At 31st March 2023 734,387 391,698 36,014 1,162,099

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 287,603 299,021
VAT 17,656 15,745
305,259 314,766

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 277 1,426
Trade creditors 263,671 149,452
Corporation Tax 284,321 285,362
Other creditors 342,841 12,351
Directors' loan accounts 986 2,806
892,096 451,397

USK VALE POULTRY LIMITED (REGISTERED NUMBER: 04942822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 277

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
10 Ordinary B £1 10 10
110 110

10. RELATED PARTY DISCLOSURES

At 31 March 2024 the company owed £986 to C L and N J Davis, a partnership in which N J Davis is a partner, (2023:£2,806).

At 31 March 2024 the company owed £342,841 to Usk Vale Holdings Limited (2023:£12,351).