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REGISTERED NUMBER: 06959532 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ACORN DAIRY LIMITED

ACORN DAIRY LIMITED (REGISTERED NUMBER: 06959532)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACORN DAIRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J G Tweddle
Mrs C O Bell





REGISTERED OFFICE: Garthorne Farm
Archdeacon Newton
Darlington
Co. Durham
DL2 2YB





REGISTERED NUMBER: 06959532 (England and Wales)





ACCOUNTANTS: Murray Smith LLP
Chartered Accountants
Darland House
44 Winnington Hill
Northwich
Cheshire
CW8 1AU

ACORN DAIRY LIMITED (REGISTERED NUMBER: 06959532)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,024 18,696
Tangible assets 5 427,168 508,498
443,192 527,194

CURRENT ASSETS
Stocks 17,000 21,750
Debtors 6 417,877 454,647
Cash at bank 45,633 705,252
480,510 1,181,649
CREDITORS
Amounts falling due within one year 7 460,505 351,955
NET CURRENT ASSETS 20,005 829,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,197

1,356,888

PROVISIONS FOR LIABILITIES 85,718 100,800
NET ASSETS 377,479 1,256,088

CAPITAL AND RESERVES
Called up share capital 8 2 4
Capital redemption reserve 2 -
Retained earnings 377,475 1,256,084
SHAREHOLDERS' FUNDS 377,479 1,256,088

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.

ACORN DAIRY LIMITED (REGISTERED NUMBER: 06959532)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:




Mrs C O Bell - Director



Mr J G Tweddle - Director


ACORN DAIRY LIMITED (REGISTERED NUMBER: 06959532)

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

1. STATUTORY INFORMATION

Acorn Dairy 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 represents net invoiced sales of goods, excluding vale added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

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 - 15% 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 35 ) .

ACORN DAIRY LIMITED (REGISTERED NUMBER: 06959532)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 53,432
AMORTISATION
At 1 April 2023 34,736
Charge for year 2,672
At 31 March 2024 37,408
NET BOOK VALUE
At 31 March 2024 16,024
At 31 March 2023 18,696

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 833,041 264,950 1,097,991
Disposals - (31,950 ) (31,950 )
At 31 March 2024 833,041 233,000 1,066,041
DEPRECIATION
At 1 April 2023 463,363 126,130 589,493
Charge for year 48,710 21,233 69,943
Eliminated on disposal - (20,563 ) (20,563 )
At 31 March 2024 512,073 126,800 638,873
NET BOOK VALUE
At 31 March 2024 320,968 106,200 427,168
At 31 March 2023 369,678 138,820 508,498

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 388,335 444,976
Other debtors 29,542 9,671
417,877 454,647

ACORN DAIRY LIMITED (REGISTERED NUMBER: 06959532)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 250,876 261,300
Taxation and social security 102,456 47,682
Other creditors 107,173 42,973
460,505 351,955

8. CALLED UP SHARE CAPITAL

Number: Class: Nominal 2024 2023
value: £ £
1 A ordinary £1 - 1
1 B ordinary £1 - 1
1 C ordinary £1 1 1
1 D ordinary £1 1 1
2 4