|
|
|
|
Statement of financial position |
2024 |
2023 |
|||
Note |
£ |
£ |
£ |
£ |
Tangible assets |
7 |
|
|
||
Investments |
8 |
|
|
||
----------- |
----------- |
||||
|
|
||||
Stocks |
9 |
|
|
||
Debtors |
10 |
|
|
||
Cash at bank and in hand |
|
|
|||
---------- |
---------- |
||||
|
|
||||
Creditors: amounts falling due within one year |
11 |
|
|
||
---------- |
---------- |
||||
Net current assets |
|
|
|||
----------- |
----------- |
||||
Total assets less current liabilities |
|
|
|||
Creditors: amounts falling due after more than one year |
12 |
|
|
||
Taxation including deferred tax |
14 |
|
|
||
Other provisions |
14 |
– |
|
||
------- |
------- |
||||
438,573 |
755,260 |
||||
----------- |
----------- |
||||
Net assets |
|
|
|||
----------- |
----------- |
||||
Called up share capital |
17 |
|
|
||
Capital redemption reserve |
|
|
|||
Profit and loss account |
|
|
|||
----------- |
----------- |
||||
Shareholders funds |
|
|
|||
----------- |
----------- |
||||
|
Statement of financial position (continued) |
|
|
Director |
Director |
|
Notes to the financial statements |
- |
Economic life of the Milk Quota |
||
Plant & machinery |
- |
5%, 10% and 15% |
|
Fixtures and fittings |
- |
10% and 20% |
|
Motor vehicles |
- |
25% |
|
Office equipment |
- |
33.33% |
|
2024 |
2023 |
|
No. |
No. |
|
Production staff |
|
|
Administrative staff |
|
|
--- |
--- |
|
|
|
|
--- |
--- |
|
2024 |
2023 |
|
£ |
£ |
|
Wages and salaries |
|
|
Social security costs |
|
|
Other pension costs |
|
|
---------- |
------- |
|
|
|
|
---------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
UK current tax expense |
|
|
Adjustments in respect of prior periods |
(
|
|
------- |
------ |
|
Total current tax |
|
|
------- |
------ |
|
Origination and reversal of timing differences |
(
|
(
|
Impact of change in tax rate |
– |
|
Adjustments in respect of prior periods |
|
– |
------ |
------- |
|
Total deferred tax |
(
|
|
------- |
------- |
|
Tax on profit |
|
|
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Profit on ordinary activities before taxation |
|
|
------- |
------- |
|
Profit on ordinary activities by rate of tax |
|
|
Adjustment to tax charge in respect of prior periods |
(808) |
|
Effect of expenses not deductible for tax purposes |
|
|
Effect of revenue exempt from tax |
(
|
(
|
Effect of different UK tax rates on some earnings |
(5,737) |
– |
Impact of change of tax rate |
– |
|
------- |
------- |
|
Tax on profit |
|
|
------- |
------- |
|
Milk quota |
|
£ |
|
Cost |
|
At 1 February 2023 and 31 January 2024 |
|
------ |
|
Amortisation |
|
At 1 February 2023 and 31 January 2024 |
|
------ |
|
Carrying amount |
|
At 31 January 2024 |
– |
------ |
|
At 31 January 2023 |
– |
------ |
|
Freehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Cost |
||||||
At 1 Feb 2023 |
|
|
|
|
3,482 |
|
Additions |
|
|
– |
– |
– |
|
Disposals |
– |
(
|
– |
– |
– |
(
|
----------- |
---------- |
------ |
------- |
----- |
----------- |
|
At 31 Jan 2024 |
|
|
|
|
3,482 |
|
----------- |
---------- |
------ |
------- |
----- |
----------- |
|
Depreciation |
||||||
At 1 Feb 2023 |
– |
|
|
|
1,650 |
|
Charge for the year |
– |
|
|
|
825 |
|
Disposals |
– |
(
|
– |
– |
– |
(
|
----------- |
---------- |
------ |
------- |
----- |
----------- |
|
At 31 Jan 2024 |
– |
|
|
|
2,475 |
|
----------- |
---------- |
------ |
------- |
----- |
----------- |
|
Carrying amount |
||||||
At 31 Jan 2024 |
|
|
|
|
1,007 |
|
----------- |
---------- |
------ |
------- |
----- |
----------- |
|
At 31 Jan 2023 |
|
|
|
|
1,832 |
|
----------- |
---------- |
------ |
------- |
----- |
----------- |
|
£ |
|
At 1 February 2023 |
|
Additions |
|
----------- |
|
At 31 January 2024 |
|
----------- |
|
Plant and machinery |
|
£ |
|
At 31 January 2024 |
|
------- |
|
At 31 January 2023 |
|
------- |
|
Forestry investment |
Loans |
Quoted and unlisted investments |
Total |
|
£ |
£ |
£ |
£ |
|
Cost |
||||
At 1 February 2023 |
|
|
– |
|
Additions |
– |
– |
|
|
------ |
------ |
------- |
------- |
|
At 31 January 2024 |
|
|
|
|
------ |
------ |
------- |
------- |
|
Impairment |
||||
At 1 February 2023 and 31 January 2024 |
– |
– |
– |
– |
------ |
------ |
------- |
------- |
|
Carrying amount |
||||
At 31 January 2024 |
|
|
|
|
------ |
------ |
------- |
------- |
|
At 31 January 2023 |
|
|
– |
|
------ |
------ |
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Fixed assets |
|
– |
Current assets |
|
– |
Current liabilities |
(
|
– |
------- |
--- |
|
2024 |
2023 |
|
£ |
£ |
|
Raw materials and consumables |
|
|
Finished goods and goods for resale |
|
|
------- |
------- |
|
|
|
|
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
|
|
Prepayments and accrued income |
|
|
Other debtors |
|
|
---------- |
---------- |
|
|
|
|
---------- |
---------- |
|
2024 |
2023 |
|
£ |
£ |
|
Other debtors |
|
|
---------- |
---------- |
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Accruals and deferred income |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Obligations under finance leases and hire purchase contracts |
|
|
Director loan accounts |
|
|
Other loans |
|
|
Other creditors |
|
|
------- |
------- |
|
|
|
|
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Accruals and deferred income |
|
|
Obligations under finance leases and hire purchase contracts |
|
|
Other loans |
– |
|
------- |
------- |
|
|
|
|
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Not later than 1 year |
|
|
Later than 1 year and not later than 5 years |
|
|
------- |
------- |
|
|
|
|
------- |
------- |
|
Deferred tax (note 15) |
Provision for future development |
Total |
|
£ |
£ |
£ |
|
At 1 February 2023 |
|
300,022 |
|
Additions |
|
– |
|
Charge against provision |
(
|
(
227,582) |
(
|
Unused amounts reversed |
– |
(
72,440) |
(
|
------- |
------- |
------- |
|
At 31 January 2024 |
|
– |
|
------- |
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Included in provisions (note 14) |
|
|
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Accelerated capital allowances |
|
|
------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Deferred government grants due after more than one year |
|
|
------- |
------- |
|
Government grants released to profit or loss |
|
|
----- |
----- |
|
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
19,400 |
|
19,400 |
|
|
85,000 |
|
85,000 |
------- |
------- |
------- |
------- |
|
|
|
|
|
|
------- |
------- |
------- |
------- |
|
Balance brought forward and outstanding |
||
2024 |
2023 |
|
£ |
£ |
|
|
(
|
(
|
--- |
--- |
|