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REGISTERED NUMBER: 09585354 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Manor Lodge Dairy Products Limited

Manor Lodge Dairy Products Limited (Registered number: 09585354)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Manor Lodge Dairy Products Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Q Ali





REGISTERED OFFICE: 5 Victoria Buildings
Victoria Road
Freshfield
Liverpool
Merseyside
L37 7DB





REGISTERED NUMBER: 09585354 (England and Wales)





ACCOUNTANTS: Harding & Humphries
5 Victoria Buildings
Victoria Road
Freshfield
Liverpool
Merseyside
L37 7DB

Manor Lodge Dairy Products Limited (Registered number: 09585354)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 82,066 107,370
82,066 107,370

CURRENT ASSETS
Stocks 69,573 65,813
Debtors 6 115,469 141,924
Cash at bank and in hand 186,909 146,350
371,951 354,087
CREDITORS
Amounts falling due within one year 7 117,920 127,928
NET CURRENT ASSETS 254,031 226,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,097

333,529

CREDITORS
Amounts falling due after more than one
year

8

(31,111

)

(36,667

)

PROVISIONS FOR LIABILITIES (7,855 ) (13,040 )

ACCRUALS AND DEFERRED INCOME (25,845 ) (29,538 )
NET ASSETS 271,286 254,284

CAPITAL AND RESERVES
Called up share capital 10 49 49
Capital redemption reserve 51 51
Retained earnings 271,186 254,184
SHAREHOLDERS' FUNDS 271,286 254,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Manor Lodge Dairy Products Limited (Registered number: 09585354)

Balance Sheet - continued
29 February 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 director and authorised for issue on 9 May 2024 and were signed by:





Q Ali - Director


Manor Lodge Dairy Products Limited (Registered number: 09585354)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Manor Lodge Dairy Products 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 2016, 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.
Leasehold improvements - 6.67% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Cold store refrigeration - 10% 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.

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.

Manor Lodge Dairy Products Limited (Registered number: 09585354)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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 8 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 60,000
AMORTISATION
At 1 March 2023
and 29 February 2024 60,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 March 2023 11,451 14,377 20,524
Additions - 80 697
At 29 February 2024 11,451 14,457 21,221
DEPRECIATION
At 1 March 2023 5,342 10,538 16,518
Charge for year 763 979 1,175
At 29 February 2024 6,105 11,517 17,693
NET BOOK VALUE
At 29 February 2024 5,346 2,940 3,528
At 28 February 2023 6,109 3,839 4,006

Manor Lodge Dairy Products Limited (Registered number: 09585354)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS - continued

Cold
Motor store
vehicles refrigeration Totals
£    £    £   
COST
At 1 March 2023 74,440 104,923 225,715
Additions 250 - 1,027
At 29 February 2024 74,690 104,923 226,742
DEPRECIATION
At 1 March 2023 22,995 62,952 118,345
Charge for year 12,922 10,492 26,331
At 29 February 2024 35,917 73,444 144,676
NET BOOK VALUE
At 29 February 2024 38,773 31,479 82,066
At 28 February 2023 51,445 41,971 107,370

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 109,342 135,470
Other debtors 6,127 6,454
115,469 141,924

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 76,334 88,434
Tax 21,774 25,092
Social security and other taxes 9,565 1,694
VAT 981 -
Accruals and deferred income 4,266 7,708
117,920 127,928

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 2-5 years 20,000 20,000
Bank loans more 5 yr by instal 11,111 16,667
31,111 36,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,111 16,667

Manor Lodge Dairy Products Limited (Registered number: 09585354)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29.2.24 28.2.23
£    £   
Within one year 37,614 37,614
Between one and five years 150,456 150,456
In more than five years 103,438 141,052
291,508 329,122

The company has a lease for 15 years with Birmingham City Council in respect of new premises. As part of the new arrangement the company received a lease incentive by way of a contribution to fit out costs of the new premises. This amounted to £50,927 in total and it will be spread over the entire lease term of 15 years in accordance with FRS102. The balance remaining at 28th February 2024 is shown on the balance sheet under Accruals and Deferred Income.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 49 49