3 3 Gortacar Poultry Limited NI607047 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Poultry farming Digita Accounts Production Advanced 6.30.9574.0 true NI607047 2023-05-01 2024-04-30 NI607047 2024-04-30 NI607047 bus:Director1 1 2024-04-30 NI607047 bus:OrdinaryShareClass1 2024-04-30 NI607047 core:CurrentFinancialInstruments 2024-04-30 NI607047 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 NI607047 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 NI607047 core:FurnitureFittingsToolsEquipment 2024-04-30 NI607047 core:OtherPropertyPlantEquipment 2024-04-30 NI607047 bus:SmallEntities 2023-05-01 2024-04-30 NI607047 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 NI607047 bus:FilletedAccounts 2023-05-01 2024-04-30 NI607047 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI607047 bus:RegisteredOffice 2023-05-01 2024-04-30 NI607047 bus:Director1 2023-05-01 2024-04-30 NI607047 bus:Director1 1 2023-05-01 2024-04-30 NI607047 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 NI607047 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI607047 bus:Agent1 2023-05-01 2024-04-30 NI607047 core:Goodwill 2023-05-01 2024-04-30 NI607047 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 NI607047 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 NI607047 core:PlantMachinery 2023-05-01 2024-04-30 NI607047 countries:NorthernIreland 2023-05-01 2024-04-30 NI607047 2023-04-30 NI607047 bus:Director1 1 2023-04-30 NI607047 core:FurnitureFittingsToolsEquipment 2023-04-30 NI607047 core:OtherPropertyPlantEquipment 2023-04-30 NI607047 2022-05-01 2023-04-30 NI607047 2023-04-30 NI607047 bus:Director1 1 2023-04-30 NI607047 bus:OrdinaryShareClass1 2023-04-30 NI607047 core:CurrentFinancialInstruments 2023-04-30 NI607047 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 NI607047 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 NI607047 core:FurnitureFittingsToolsEquipment 2023-04-30 NI607047 core:OtherPropertyPlantEquipment 2023-04-30 NI607047 bus:Director1 1 2022-05-01 2023-04-30 NI607047 bus:Director1 1 2022-04-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: NI607047

Gortacar Poultry Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 April 2024

 

Gortacar Poultry Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

Gortacar Poultry Limited

Company Information

Director

Mr Alistair Davidson

Registered office

6 Gortacar Road
Cookstown
County Tyrone
BT80 9DB

Accountants

Thomas Oliver and Associates Limited
Certified Public Accountants1 Moygashel Mills Park
Dungannon
Co Tyrone
BT71 7DH

 

Gortacar Poultry Limited

(Registration number: NI607047)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

32,550

37,200

Tangible assets

5

40,694

48,205

 

73,244

85,405

Current assets

 

Debtors

6

146,453

142,387

Cash at bank and in hand

 

7,255

20,387

 

153,708

162,774

Creditors: Amounts falling due within one year

(69,416)

(72,197)

Net current assets

 

84,292

90,577

Total assets less current liabilities

 

157,536

175,982

Creditors: Amounts falling due after more than one year

-

(13,009)

Accruals and deferred income

 

(1,975)

(1,865)

Net assets

 

155,561

161,108

Capital and reserves

 

Called up share capital

7

4

4

Retained earnings

155,557

161,104

Shareholders' funds

 

155,561

161,108

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Gortacar Poultry Limited

(Registration number: NI607047)
Abridged Balance Sheet as at 30 April 2024

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 January 2025
 

.........................................

Mr Alistair Davidson

Director

 

Gortacar Poultry Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
6 Gortacar Road
Cookstown
County Tyrone
BT80 9DB

These financial statements were authorised for issue by the director on 25 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Gortacar Poultry Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Fixtures and fittings

15% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Gortacar Poultry Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

Gortacar Poultry Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 May 2023

93,000

At 30 April 2024

93,000

Amortisation

At 1 May 2023

55,800

Amortisation charge

4,650

At 30 April 2024

60,450

Carrying amount

At 30 April 2024

32,550

At 30 April 2023

37,200

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

3,569

225,571

229,140

At 30 April 2024

3,569

225,571

229,140

Depreciation

At 1 May 2023

2,020

178,915

180,935

Charge for the year

236

7,275

7,511

At 30 April 2024

2,256

186,190

188,446

Carrying amount

At 30 April 2024

1,313

39,381

40,694

At 30 April 2023

1,549

46,656

48,205

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

 

Gortacar Poultry Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

4

4

4

4

       

8

Dividends

2024

2023

£

£

Final dividend of £Nil (2023 - £Nil) per ordinary share

-

-

Interim dividend of £Nil (2023 - £9,950.00) per ordinary share

20,000

39,800

20,000

39,800

 

 

9

Related party transactions

Transactions with the director

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Mr Alistair Davidson

Loan Account

141,154

81,366

(76,067)

146,453

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Mr Alistair Davidson

Loan Account

161,861

72,352

(93,060)

141,154

 

Gortacar Poultry Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

9,060

9,060