TDG FARMS LIMITED

Company Registration Number:
NI611913 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

TDG FARMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

TDG FARMS LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activity of the company is Beef Farming



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Mr David T Duffin
Mrs Doreen Duffin


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 March 2025

And signed on behalf of the board by:
Name: Mrs Doreen Duffin
Status: Director

TDG FARMS LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 2,406,999 3,316,801
Cost of sales: ( 2,152,771 ) ( 2,969,456 )
Gross profit(or loss): 254,228 347,345
Administrative expenses: ( 181,392 ) ( 249,049 )
Operating profit(or loss): 72,836 98,296
Interest payable and similar charges: ( 51,010 ) ( 39,814 )
Profit(or loss) before tax: 21,826 58,482
Tax: ( 2,702 ) ( 11,112 )
Profit(or loss) for the financial year: 19,124 47,370

TDG FARMS LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 467,952 425,848
Total fixed assets: 467,952 425,848
Current assets
Stocks: 4 1,175,125 1,223,500
Debtors: 5 91,501 43,428
Cash at bank and in hand: 29,263 19,945
Total current assets: 1,295,889 1,286,873
Creditors: amounts falling due within one year: 6 ( 149,340 ) ( 177,266 )
Net current assets (liabilities): 1,146,549 1,109,607
Total assets less current liabilities: 1,614,501 1,535,455
Creditors: amounts falling due after more than one year: 7 ( 869,204 ) ( 819,291 )
Provision for liabilities: ( 2,702 ) ( 11,112 )
Total net assets (liabilities): 742,595 705,052
Capital and reserves
Called up share capital: 1,300 1,300
Other reserves: 89,112 89,112
Profit and loss account: 652,183 614,640
Total Shareholders' funds: 742,595 705,052

The notes form part of these financial statements

TDG FARMS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 March 2025
and signed on behalf of the board by:

Name: Mr David T Duffin
Status: Director

The notes form part of these financial statements

TDG FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents net sales to customers and excludes Value Added Tax

    Tangible fixed assets depreciation policy

    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 Plant and Machinery Motor Vehicles Cash and cash equivalents Depreciation menthod and rate 25% reducing balance basis.

    Other accounting policies

    Stocks are stated at the lower of cost and estimated selling price less cost to complete and sell. Cost is determined using the first-in, first out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable direct labour costs and those overheads taht have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment cost is recognised immediately in profit or loss.

TDG FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 5

TDG FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 385,763 109,200 12,042 507,005
Additions 79,500 79,500
Disposals ( 10,000 ) ( 10,000 )
Revaluations
Transfers
At 31 March 2024 385,763 178,700 12,042 576,505
Depreciation
At 1 April 2023 70,751 10,406 81,157
Charge for year 26,987 409 27,396
On disposals
Other adjustments
At 31 March 2024 97,738 10,815 108,553
Net book value
At 31 March 2024 385,763 80,962 1,227 467,952
At 31 March 2023 385,763 38,449 1,636 425,848

TDG FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 1,175,125 1,223,500
Total 1,175,125 1,223,500

TDG FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 63,601 43,428
Other debtors 27,900
Total 91,501 43,428

TDG FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 142,081 142,551
Taxation and social security 7,259 34,715
Total 149,340 177,266

TDG FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 816,436 791,126
Amounts due under finance leases and hire purchase contracts 52,768 28,165
Total 869,204 819,291