Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3022023-05-01falseProduction and sale of eggs2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09676533 2023-05-01 2024-04-30 09676533 2022-05-01 2023-04-30 09676533 2024-04-30 09676533 2023-04-30 09676533 c:Director1 2023-05-01 2024-04-30 09676533 d:Buildings 2023-05-01 2024-04-30 09676533 d:Buildings 2024-04-30 09676533 d:Buildings 2023-04-30 09676533 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09676533 d:PlantMachinery 2023-05-01 2024-04-30 09676533 d:PlantMachinery 2024-04-30 09676533 d:PlantMachinery 2023-04-30 09676533 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09676533 d:MotorVehicles 2023-05-01 2024-04-30 09676533 d:MotorVehicles 2024-04-30 09676533 d:MotorVehicles 2023-04-30 09676533 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09676533 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 09676533 d:OtherPropertyPlantEquipment 2024-04-30 09676533 d:OtherPropertyPlantEquipment 2023-04-30 09676533 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09676533 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09676533 d:CurrentFinancialInstruments 2024-04-30 09676533 d:CurrentFinancialInstruments 2023-04-30 09676533 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09676533 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09676533 d:ShareCapital 2024-04-30 09676533 d:ShareCapital 2023-04-30 09676533 d:OtherMiscellaneousReserve 2023-05-01 2024-04-30 09676533 d:OtherMiscellaneousReserve 2024-04-30 09676533 d:OtherMiscellaneousReserve 2023-04-30 09676533 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 09676533 d:RetainedEarningsAccumulatedLosses 2024-04-30 09676533 d:RetainedEarningsAccumulatedLosses 2023-04-30 09676533 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 09676533 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 09676533 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 09676533 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 09676533 d:OtherDeferredTax 2024-04-30 09676533 d:OtherDeferredTax 2023-04-30 09676533 c:OrdinaryShareClass1 2023-05-01 2024-04-30 09676533 c:OrdinaryShareClass1 2024-04-30 09676533 c:OrdinaryShareClass1 2023-04-30 09676533 c:OrdinaryShareClass2 2023-05-01 2024-04-30 09676533 c:OrdinaryShareClass2 2024-04-30 09676533 c:OrdinaryShareClass2 2023-04-30 09676533 c:OrdinaryShareClass3 2023-05-01 2024-04-30 09676533 c:OrdinaryShareClass3 2024-04-30 09676533 c:OrdinaryShareClass3 2023-04-30 09676533 c:OrdinaryShareClass4 2023-05-01 2024-04-30 09676533 c:OrdinaryShareClass4 2024-04-30 09676533 c:OrdinaryShareClass4 2023-04-30 09676533 c:OrdinaryShareClass5 2023-05-01 2024-04-30 09676533 c:OrdinaryShareClass5 2024-04-30 09676533 c:OrdinaryShareClass5 2023-04-30 09676533 c:FRS102 2023-05-01 2024-04-30 09676533 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09676533 c:FullAccounts 2023-05-01 2024-04-30 09676533 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09676533 2 2023-05-01 2024-04-30 09676533 6 2023-05-01 2024-04-30 09676533 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09676533










PLASUCHA POULTRY LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
PLASUCHA POULTRY LTD
REGISTERED NUMBER: 09676533

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
2,592,950
744,923

Investments
 6 
181,752
112,849

  
2,774,702
857,772

Current assets
  

Stocks
  
445,106
189,815

Debtors: amounts falling due within one year
 7 
471,134
408,741

Cash at bank and in hand
 8 
170,400
361,561

  
1,086,640
960,117

Creditors: amounts falling due within one year
 9 
(1,297,968)
(109,806)

Net current (liabilities)/assets
  
 
 
(211,328)
 
 
850,311

Total assets less current liabilities
  
2,563,374
1,708,083

Provisions for liabilities
  

Deferred tax
 10 
(281,541)
(9,878)

  
 
 
(281,541)
 
 
(9,878)

Net assets
  
2,281,833
1,698,205


Capital and reserves
  

Called up share capital 
 11 
1,000
1,000

Other reserves
 12 
38,526
2,661

Profit and loss account
 12 
2,242,307
1,694,544

  
2,281,833
1,698,205


Page 1

 
PLASUCHA POULTRY LTD
REGISTERED NUMBER: 09676533
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2025.




N A Bennett
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
PLASUCHA POULTRY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Plasucha Poultry Ltd (09676533) is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at  Upper Hall, Meifod, Powys, SY22 6HR.
The principal activity of the Company is the production and sale of eggs.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
PLASUCHA POULTRY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
PLASUCHA POULTRY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Property Improvements
-
No depreciation
Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
20%
Reducing balance
Poultry equipment
-
10%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
PLASUCHA POULTRY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimated and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the actual results. In the opinion of the Directors, there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
PLASUCHA POULTRY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Property improvement
Plant and machinery
Motor vehicles
Poultry Equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
697,405
41,695
-
338,296
1,077,396


Additions
520,662
-
115,914
1,298,470
1,935,046



At 30 April 2024

1,218,067
41,695
115,914
1,636,766
3,012,442



Depreciation


At 1 May 2023
-
22,764
-
309,710
332,474


Charge for the year on owned assets
-
6,727
14,489
65,802
87,018



At 30 April 2024

-
29,491
14,489
375,512
419,492



Net book value



At 30 April 2024
1,218,067
12,204
101,425
1,261,254
2,592,950



At 30 April 2023
697,405
18,932
-
28,586
744,923


6.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 May 2023
112,849


Additions
211,507


Disposals
(176,704)


Revaluations
34,100



At 30 April 2024
181,752




Page 7

 
PLASUCHA POULTRY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Debtors

2024
2023
£
£


Trade debtors
331,349
215,144

Other debtors
132,578
111,729

Prepayments and accrued income
7,207
81,868

471,134
408,741



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
170,400
361,561

Less: bank overdrafts
-
(2,441)

170,400
359,120



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
2,441

Trade creditors
492,920
85,867

Corporation tax
-
21,498

Other creditors
800,930
-

Accruals and deferred income
4,118
-

1,297,968
109,806


Page 8

 
PLASUCHA POULTRY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Deferred taxation




2024


£






At beginning of year
(9,878)


Charged to profit or loss
(271,663)



At end of year
(281,541)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
333,013
9,212

Tax due on revalued assets
9,632
666

Tax losses
(61,104)
-

281,541
9,878

Page 9

 
PLASUCHA POULTRY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



250 (2023 - 250) Ordinary A shares of £1.00 each
250
250
250 (2023 - 250) Ordinary B shares of £1.00 each
250
250
200 (2023 - 200) Ordinary C shares of £1.00 each
200
200
150 (2023 - 150) Ordinary D shares of £1.00 each
150
150
150 (2023 - 150) Ordinary E shares of £1.00 each
150
150

1,000

1,000



12.


Reserves

Other reserves

The other reserves account represents the accumulated surplus on historic cost to fair value less accumulated impairment losses of investements. 

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less
distributions made to shareholders.


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £316,000 (2023 - £Nil) . Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 10