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REGISTERED NUMBER: 03956375 (England and Wales)















B & A DAIRIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






B & A DAIRIES LIMITED (REGISTERED NUMBER: 03956375)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & A DAIRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R King
J Sawbridge



SECRETARY: R King



REGISTERED OFFICE: Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET



REGISTERED NUMBER: 03956375 (England and Wales)



ACCOUNTANTS: Burrows Scarborough
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET



BANKERS: HSBC
Po Box 24
55 Corporation Street
Coventry
West Midlands
CV1 1QJ

B & A DAIRIES LIMITED (REGISTERED NUMBER: 03956375)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 79,622 68,994
79,622 68,994

CURRENT ASSETS
Stocks 6,500 5,500
Debtors 6 93,592 133,536
Prepayments and accrued income 11,999 10,550
Cash at bank and in hand 54,070 39,784
166,161 189,370
CREDITORS
Amounts falling due within one year 7 123,487 138,483
NET CURRENT ASSETS 42,674 50,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,296

119,881

CREDITORS
Amounts falling due after more than one
year

8

(44,373

)

(43,457

)

PROVISIONS FOR LIABILITIES (16,237 ) (7,345 )

ACCRUALS AND DEFERRED INCOME (7,983 ) (6,836 )
NET ASSETS 53,703 62,243

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 52,703 61,243
SHAREHOLDERS' FUNDS 53,703 62,243

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.

B & A DAIRIES LIMITED (REGISTERED NUMBER: 03956375)

BALANCE SHEET - 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:




R King - Director



J Sawbridge - Director


B & A DAIRIES LIMITED (REGISTERED NUMBER: 03956375)

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

1. STATUTORY INFORMATION

B & A 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.

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


The financial statements are rounded to the nearest £1.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1998, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 15% on reducing balance

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

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.

B & A DAIRIES LIMITED (REGISTERED NUMBER: 03956375)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Provisions
Provisions are recognized when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 178,262
AMORTISATION
At 1 May 2023
and 30 April 2024 178,262
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

B & A DAIRIES LIMITED (REGISTERED NUMBER: 03956375)

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 4,070 200,468 204,538
Additions - 12,342 12,342
At 30 April 2024 4,070 212,810 216,880
DEPRECIATION
At 1 May 2023 4,070 131,474 135,544
Charge for year - 1,714 1,714
At 30 April 2024 4,070 133,188 137,258
NET BOOK VALUE
At 30 April 2024 - 79,622 79,622
At 30 April 2023 - 68,994 68,994

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 48,020
Additions 12,342
At 30 April 2024 60,362
DEPRECIATION
At 1 May 2023
and 30 April 2024 17,341
NET BOOK VALUE
At 30 April 2024 43,021
At 30 April 2023 30,679

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,147 114,048
Other debtors 28,445 19,488
93,592 133,536

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,859 5,760
Finance leases (see note 9) 8,084 8,478
Trade creditors 81,739 108,930
Taxation and social security 26,339 14,311
Other creditors 2,466 1,004
123,487 138,483

B & A DAIRIES LIMITED (REGISTERED NUMBER: 03956375)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 28,435 32,392
Finance leases (see note 9) 15,938 11,065
44,373 43,457

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,001 9,352

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2024 2023
£    £   
Net obligations repayable:
Within one year 8,084 8,478
Between one and five years 15,938 11,065
24,022 19,543

Non-cancellable operating leases
2024 2023
£    £   
Within one year 57,813 19,097
Between one and five years 179,506 11,958
237,319 31,055

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 33,294 38,152
Finance leases 24,022 19,543
57,316 57,695

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill book debts uncalled capital buildings fixtures fixed plant and machinery.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1.00 1,000 1,000

12. ULTIMATE CONTROLLING PARTY

The controlling party is R King.