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REGISTERED NUMBER: 13152745 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SHERRINGTON POULTRY LIMITED

SHERRINGTON POULTRY LIMITED (REGISTERED NUMBER: 13152745)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHERRINGTON POULTRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs A L Harcourt-Thomas
D C Thomas
A Thomas





REGISTERED OFFICE: Sherrington Manor
Pembridge
Leominster
Herefordshire
HR6 9JR





REGISTERED NUMBER: 13152745 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL

SHERRINGTON POULTRY LIMITED (REGISTERED NUMBER: 13152745)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 175,198 119,103

CURRENT ASSETS
Stocks - 166,759
Debtors 6 451,986 78,295
Cash at bank 103,397 129,795
555,383 374,849
CREDITORS
Amounts falling due within one year 7 355,179 228,895
NET CURRENT ASSETS 200,204 145,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,402

265,057

CREDITORS
Amounts falling due after more than one
year

8

-

(12,510

)

PROVISIONS FOR LIABILITIES (43,800 ) (22,630 )
NET ASSETS 331,602 229,917

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 331,502 229,817
331,602 229,917

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

SHERRINGTON POULTRY LIMITED (REGISTERED NUMBER: 13152745)

BALANCE SHEET - continued
31 JANUARY 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 21 October 2024 and were signed on its behalf by:




D C Thomas - Director Mrs A L Harcourt-Thomas - Director




A Thomas - Director


SHERRINGTON POULTRY LIMITED (REGISTERED NUMBER: 13152745)

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

1. STATUTORY INFORMATION

Sherrington 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

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

Tangible fixed assets
Tangible fixed assets are stated at historic cost less accumulated depreciation. Cost includes the original purchase price, costs attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery- 25% on straight line
Computer equipment - 20% on straight line

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

Financial instruments
(i) Financial assets

Basic financial assets, including trade receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


SHERRINGTON POULTRY LIMITED (REGISTERED NUMBER: 13152745)

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

3. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts are capitalised in the balance sheet. those held under hire purchase are depreciated over their estimated useful life.

The interest element of these obligations is charged to the profit and loss over the relevant period. The capital element of the future payment is treated as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2023 135,520 - 135,520
Additions 98,726 588 99,314
At 31 January 2024 234,246 588 234,834
DEPRECIATION
At 1 February 2023 16,417 - 16,417
Charge for year 43,121 98 43,219
At 31 January 2024 59,538 98 59,636
NET BOOK VALUE
At 31 January 2024 174,708 490 175,198
At 31 January 2023 119,103 - 119,103

SHERRINGTON POULTRY LIMITED (REGISTERED NUMBER: 13152745)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 337,351 2,849
Amount owed by related entity 90,383 54,592
VAT 16,310 9,400
Prepayments 7,942 11,454
451,986 78,295

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 12,510 30,000
Trade creditors 295,466 29,260
Tax 32,108 4,734
Social security and other taxes 146 252
Accrued expenses 14,949 164,649
355,179 228,895

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts - 12,510

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 12,510 42,510

Hire purchase liabilities are secured against the assets to which they relate.

10. RELATED PARTY DISCLOSURES

Included within other debtors due within one year is a balance of £90,383 (2023: £54,592) due to JG, DC & AL Thomas partnership, a partnership in which the directors are partners. During the year Sherrington Poultry Limited paid £38,454 (2023: £45,047) for feed and £20,173 (2023: £20,800) for electric to JG, DC & AL Thomas.