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Registered number: 12458114
Avon Dairy Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Director Miss Selina Burns
Company Number 12458114
Registered Office Unit 303, Old Barn Farm Road
Three Legged Cross
Wimborne
Dorset
BH21 6SP
Accountants Town & Forest
Chartered Accountants & Statutory Auditors
First Floor, New Barnes Mill
Cottonmill Lane
St Albans
AL1 2HA
Page 1
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Balance Sheet
Registered number: 12458114
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 46,492 68,809
Tangible Assets 5 15,033 49,705
61,525 118,514
CURRENT ASSETS
Stocks 6 8,919 12,382
Debtors 7 49,198 65,870
Cash at bank and in hand 112,672 134,552
170,789 212,804
Creditors: Amounts Falling Due Within One Year 8 (123,189 ) (126,013 )
NET CURRENT ASSETS (LIABILITIES) 47,600 86,791
TOTAL ASSETS LESS CURRENT LIABILITIES 109,125 205,305
Creditors: Amounts Falling Due After More Than One Year 9 (22,768 ) (58,727 )
NET ASSETS 86,357 146,578
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 86,356 146,577
SHAREHOLDERS' FUNDS 86,357 146,578
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Selina Burns
Director
12 November 2024
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Avon Dairy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12458114 . The registered office is Unit 303, Old Barn Farm Road, Three Legged Cross, Wimborne, Dorset, BH21 6SP.

2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the amounts paid on the acquisition of a business. It is amortised to profit and loss account over its estimated economic life of 6 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 3 years straight line
Fixtures & Fittings 6 years straight line
Computer Equipment 20% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.

Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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2.7. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.
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 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 is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in the tax assessments in periods different from those in which they are recognised in the 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Trade debtors
Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are written off when identified. Specific provisions are made against debts whose recovery is considered doubtful.
2.10. Provisions and accruals
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and the amount can be reliably estimated. Provisions are not recognised for future operating losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 15)
13 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 133,899
As at 31 March 2024 133,899
Amortisation
As at 1 April 2023 65,090
Provided during the period 22,317
As at 31 March 2024 87,407
Net Book Value
As at 31 March 2024 46,492
As at 1 April 2023 68,809
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5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 110,939 500 2,442 113,881
Disposals (2,222 ) - - (2,222 )
As at 31 March 2024 108,717 500 2,442 111,659
Depreciation
As at 1 April 2023 63,119 243 814 64,176
Provided during the period 34,202 83 325 34,610
Disposals (2,160 ) - - (2,160 )
As at 31 March 2024 95,161 326 1,139 96,626
Net Book Value
As at 31 March 2024 13,556 174 1,303 15,033
As at 1 April 2023 47,820 257 1,628 49,705
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 1,404 18,254
6. Stocks
2024 2023
£ £
Stock 8,919 12,382
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,648 38,691
Prepayments and accrued income 6,572 7,839
Other debtors 1,228 200
Rent deposit 6,750 6,750
Director's loan account - 12,390
49,198 65,870
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,975 11,850
Trade creditors 66,312 53,249
Corporation tax 3,701 8,610
Other taxes and social security 5,357 5,988
VAT 5,549 5,228
Other creditors 651 1,372
Accruals and deferred income 2,650 2,875
Director's loan account 153 -
Amounts owed to associates 36,841 36,841
123,189 126,013
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 1,975
Amounts owed to associates 22,768 56,752
22,768 58,727
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,975 11,850
Later than one year and not later than five years - 1,975
1,975 13,825
1,975 13,825
11. Capital Commitments
2024 2023
£ £
At the end of the period 59,609 93,593
Braeforge Limited holds fixed and floating charges over Avon Dairy Ltd. The floating charge covers all of the assets or undertaking of the company. The charges also contain a negative pledge.
12. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Miss Selina Burns 12,390 7,917 (20,460 ) - (153 )
The above loan is unsecured, interest free and repayable on demand.
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