Registered Number:NI687400 |
For the year ended 30 April 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 30 April 2024
Ballyhoy Farms Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Ballyhoy Farms Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
898,461
874,101
2
898,461
874,101
438,655
428,713
3
Trade and other receivables |
81,420
98,911
4
5,846
Cash and cash equivalents |
193
527,817
525,921
Trade and other payables: amounts falling due within one |
year |
(1,377,271)
(1,417,517)
5
(851,350)
(889,700)
Net current liabilities
Total assets less current liabilities |
8,761
22,751
Trade and other payables: amounts falling due after more |
than one year |
(6,517)
(28,627)
6
(19,866)
Net assets/liabilities
16,234
33
33
(19,899)
16,201
(19,866)
16,234
Shareholders' funds
For the year ended 30 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Samuel Norman Morton Director |
These financial statements were approved and authorised for issue by the Board on 25 January 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 April 2024
Ballyhoy Farms Ltd
Notes to the Financial Statements
Statutory Information
Ballyhoy Farms Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration number |
NI687400. |
53 Ballyhoy Road
Milford
Armagh
BT60 4DU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
2 of 4
For the year ended 30 April 2024
Ballyhoy Farms Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
887,001
172,001
715,000
62,685
62,685
-
(7,000)
-
(7,000)
715,000
227,686
942,686
Provision for depreciation and impairment |
12,900
12,900
-
Charge for year
32,375
32,375
-
(1,050)
(1,050)
-
44,225
44,225
-
715,000
183,461
898,461
715,000
159,101
874,101
2023
2024
428,713
438,655
4. Trade and other receivables |
2023
2024
66,668
70,974
32,243
10,446
81,420
98,911
5. Trade and other payables: amounts falling due within one year |
2023
2024
216,068
235,000
Taxation and social security |
-
1,707
1,201,449
1,140,564
1,417,517
1,377,271
3 of 4
For the year ended 30 April 2024
Ballyhoy Farms Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
28,627
6,517
7. Average number of persons employed |
During the year the average number of employees was 3 (2023 : 3)
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