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REGISTERED NUMBER: 07829782 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SMITH'S DAIRIES LIMITED

SMITH'S DAIRIES LIMITED (REGISTERED NUMBER: 07829782)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


SMITH'S DAIRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr L Smith
Mr N Smith
Mrs A M Smith
Mrs J Smith





SECRETARY: Mrs A M Smith





REGISTERED OFFICE: 28 Sycamore Crescent
Macclesfield
Cheshire
SK11 8LW





REGISTERED NUMBER: 07829782 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

SMITH'S DAIRIES LIMITED (REGISTERED NUMBER: 07829782)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 1,962
Tangible assets 5 324,193 227,283
333,193 229,245

CURRENT ASSETS
Debtors 6 151,705 137,663
Cash at bank and in hand 88,418 71,317
240,123 208,980
CREDITORS
Amounts falling due within one year 7 233,073 241,313
NET CURRENT ASSETS/(LIABILITIES) 7,050 (32,333 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

340,243

196,912

CREDITORS
Amounts falling due after more than one
year

8

(55,492

)

-

PROVISIONS FOR LIABILITIES 9 (81,048 ) (43,184 )
NET ASSETS 203,703 153,728

CAPITAL AND RESERVES
Called up share capital 10 900 900
Retained earnings 202,803 152,828
SHAREHOLDERS' FUNDS 203,703 153,728

SMITH'S DAIRIES LIMITED (REGISTERED NUMBER: 07829782)

BALANCE SHEET - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:





Mr L Smith - Director


SMITH'S DAIRIES LIMITED (REGISTERED NUMBER: 07829782)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Smith's Dairies 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 represents the total amount receivable by the company for goods supplied and services provided, excluding value added tax and trade discounts.

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 at which the goods have been delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 25% on reducing balance, 25% on cost, 15% on reducing balance and at variable rates on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

SMITH'S DAIRIES LIMITED (REGISTERED NUMBER: 07829782)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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 18 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023 12,000
Additions 8,505
At 30 April 2024 20,505
AMORTISATION
At 1 May 2023 10,038
Charge for year 1,467
At 30 April 2024 11,505
NET BOOK VALUE
At 30 April 2024 9,000
At 30 April 2023 1,962

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 277,880
Additions 131,722
Disposals (24,000 )
At 30 April 2024 385,602
DEPRECIATION
At 1 May 2023 50,597
Charge for year 11,701
Eliminated on disposal (889 )
At 30 April 2024 61,409
NET BOOK VALUE
At 30 April 2024 324,193
At 30 April 2023 227,283

SMITH'S DAIRIES LIMITED (REGISTERED NUMBER: 07829782)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 118,048 125,129
Other debtors 33,657 12,534
151,705 137,663

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts 4,238 -
Trade creditors 119,045 138,829
Taxation and social security 25,326 26,508
Other creditors 84,464 75,976
233,073 241,313

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts 55,492 -

9. PROVISIONS FOR LIABILITIES
30/4/24 30/4/23
£    £   
Deferred tax 81,048 43,184

Deferred
tax
£   
Balance at 1 May 2023 43,184
Charge to Statement of Income and Retained Earnings during year 37,864
Balance at 30 April 2024 81,048

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
900 Ordinary £1 900 900

The split of share capital is:
250 Ordinary A
50 Ordinary B
300 Ordinary C
300 Ordinary D