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REGISTERED NUMBER: 13833606 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Dairy Lincs Limited

Dairy Lincs Limited (Registered number: 13833606)






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


Dairy Lincs Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: H S Bhullar
G S Bhullar





REGISTERED OFFICE: Unit K2 Grimsby West
Birchin Way
Grimsby
N E Lincs
DN31 2SG





REGISTERED NUMBER: 13833606 (England and Wales)






Dairy Lincs Limited (Registered number: 13833606)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 349 549
Tangible assets 5 39,171 54,997
39,520 55,546

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 6 1,603,734 1,115,441
1,613,734 1,125,441
CREDITORS
Amounts falling due within one year 7 992,973 1,029,938
NET CURRENT ASSETS 620,761 95,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

660,281

151,049

PROVISIONS FOR LIABILITIES 9,880 10,554
NET ASSETS 650,401 140,495

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 650,301 140,395
650,401 140,495

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.

Dairy Lincs Limited (Registered number: 13833606)

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 13 September 2024 and were signed on its behalf by:





H S Bhullar - Director


Dairy Lincs Limited (Registered number: 13833606)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Dairy Lincs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Website is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

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.


Dairy Lincs Limited (Registered number: 13833606)

Notes to the Financial Statements - continued
for the Year Ended 31 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.

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 19 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 April 2023
and 31 March 2024 798
AMORTISATION
At 1 April 2023 249
Amortisation for year 200
At 31 March 2024 449
NET BOOK VALUE
At 31 March 2024 349
At 31 March 2023 549

Dairy Lincs Limited (Registered number: 13833606)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor
improvements fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 8,975 15,220 50,587 74,782
DEPRECIATION
At 1 April 2023 1,122 2,854 15,809 19,785
Charge for year 897 2,283 12,646 15,826
At 31 March 2024 2,019 5,137 28,455 35,611
NET BOOK VALUE
At 31 March 2024 6,956 10,083 22,132 39,171
At 31 March 2023 7,853 12,366 34,778 54,997

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 816,740 702,966
Amounts owed by group undertakings 573,499 201,834
Other debtors 213,495 210,641
1,603,734 1,115,441

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 928,616 961,715
Amounts owed to group undertakings 27,956 62,723
Taxation and social security 20,011 -
Other creditors 16,390 5,500
992,973 1,029,938

8. RELATED PARTY DISCLOSURES

31.3.24 31.3.23
£ £
Amounts owed from related parties 144,768 143,908

Related parties are companies in which the directors are also a director or have a controlling interest

9. ULTIMATE CONTROLLING PARTY

Bhullar Group Holdings Ltd is the immediate holding company. There is no ultimate controlling party.