IRIS Accounts Production v24.3.0.553 01336152 Board of Directors Board of Directors Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013361522023-04-30013361522024-04-30013361522023-05-012024-04-30013361522022-04-30013361522022-05-012023-04-30013361522023-04-3001336152ns15:EnglandWales2023-05-012024-04-3001336152ns14:PoundSterling2023-05-012024-04-3001336152ns10:Director12023-05-012024-04-3001336152ns10:Director22023-05-012024-04-3001336152ns10:Director32023-05-012024-04-3001336152ns10:Director42023-05-012024-04-3001336152ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3001336152ns10:SmallEntities2023-05-012024-04-3001336152ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3001336152ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3001336152ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3001336152ns10:FullAccounts2023-05-012024-04-300133615212023-05-012024-04-3001336152ns10:RegisteredOffice2023-05-012024-04-3001336152ns5:CurrentFinancialInstruments2024-04-3001336152ns5:CurrentFinancialInstruments2023-04-3001336152ns5:ShareCapital2024-04-3001336152ns5:ShareCapital2023-04-3001336152ns5:SharePremium2024-04-3001336152ns5:SharePremium2023-04-3001336152ns5:RetainedEarningsAccumulatedLosses2024-04-3001336152ns5:RetainedEarningsAccumulatedLosses2023-04-3001336152ns5:NetGoodwill2023-05-012024-04-3001336152ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3001336152ns5:LandBuildings2023-05-012024-04-3001336152ns5:PlantMachinery2023-05-012024-04-3001336152ns5:NetGoodwill2023-04-3001336152ns5:NetGoodwill2024-04-3001336152ns5:NetGoodwill2023-04-3001336152ns5:LandBuildings2023-04-3001336152ns5:PlantMachinery2023-04-3001336152ns5:LandBuildings2024-04-3001336152ns5:PlantMachinery2024-04-3001336152ns5:LandBuildings2023-04-3001336152ns5:PlantMachinery2023-04-3001336152ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3001336152ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3001336152ns5:WithinOneYear2024-04-3001336152ns5:WithinOneYear2023-04-3001336152ns5:BetweenOneFiveYears2024-04-3001336152ns5:BetweenOneFiveYears2023-04-3001336152ns5:AllPeriods2024-04-3001336152ns5:AllPeriods2023-04-30013361524ns10:Director42023-04-30013361524ns10:Director42022-04-30013361524ns10:Director42023-05-012024-04-30013361524ns10:Director42022-05-012023-04-30013361524ns10:Director42024-04-30013361524ns10:Director42023-04-30
REGISTERED NUMBER: 01336152 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

KAYS DAIRY LIMITED

KAYS DAIRY LIMITED (REGISTERED NUMBER: 01336152)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KAYS DAIRY LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: M P Kay
A M Kay
I D Kay
M J Kay





REGISTERED OFFICE: Unit 9 Leopold Street
Lamberhead Industrial Estate
Pemberton
Wigan
Lancashire
WN5 8DH





REGISTERED NUMBER: 01336152 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

KAYS DAIRY LIMITED (REGISTERED NUMBER: 01336152)

STATEMENT OF FINANCIAL POSITION
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 46,548 16,395
46,548 16,395

CURRENT ASSETS
Stocks 9,735 8,858
Debtors 6 160,791 165,029
Cash at bank and in hand 293,615 412,765
464,141 586,652
CREDITORS
Amounts falling due within one year 7 166,160 210,410
NET CURRENT ASSETS 297,981 376,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,529

392,637

PROVISIONS FOR LIABILITIES 11,637 4,099
NET ASSETS 332,892 388,538

CAPITAL AND RESERVES
Called up share capital 500 500
Share premium 26,461 26,461
Retained earnings 305,931 361,577
SHAREHOLDERS' FUNDS 332,892 388,538

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.

KAYS DAIRY LIMITED (REGISTERED NUMBER: 01336152)

STATEMENT OF FINANCIAL POSITION - continued
30 April 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by:




M P Kay - Director A M Kay - Director




I D Kay - Director M J Kay - Director


KAYS DAIRY LIMITED (REGISTERED NUMBER: 01336152)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Kays Dairy 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover represents the cash sales and net invoice values of goods sold, excluding value added tax. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the customer, which is usually at the point when the customer receives the goods.

Goodwill
Acquired goodwill is written off against reserves in the year of purchase.


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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 5% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

Financial instruments
The following assets and liabilities are classified as financial instruments; trade debtors, Directors' loan account, trade creditors and accruals.

Financial instruments that are payable or receivable withing one year, typically Directors' loan accounts, trade creditors, accruals and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

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 statement of financial position date.


KAYS DAIRY LIMITED (REGISTERED NUMBER: 01336152)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Rentals payable under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits
The company makes contributions to the Kays Dairy Ltd Pension Scheme, a defined contribution scheme, the assets of the scheme being held separately from the assets of the company. The pension cost charge represents contributions payable to the scheme. The company's liability is limited to the amount of the contribution.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 76,368
AMORTISATION
At 1 May 2023
and 30 April 2024 76,368
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

KAYS DAIRY LIMITED (REGISTERED NUMBER: 01336152)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 21,107 153,833 174,940
Additions - 45,675 45,675
Disposals - (8,861 ) (8,861 )
At 30 April 2024 21,107 190,647 211,754
DEPRECIATION
At 1 May 2023 21,107 137,438 158,545
Charge for year - 15,522 15,522
Eliminated on disposal - (8,861 ) (8,861 )
At 30 April 2024 21,107 144,099 165,206
NET BOOK VALUE
At 30 April 2024 - 46,548 46,548
At 30 April 2023 - 16,395 16,395

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 142,001 143,418
Other debtors 18,790 21,611
160,791 165,029

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 97,239 127,740
Taxation and social security 3,696 24,414
Other creditors 65,225 58,256
166,160 210,410

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 960 960
Between one and five years 2,640 3,600
3,600 4,560

KAYS DAIRY LIMITED (REGISTERED NUMBER: 01336152)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
M J Kay
Balance outstanding at start of year 15,579 -
Amounts advanced - 15,579
Amounts repaid (15,579 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 15,579