Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr C R Knowles 01/12/2010 Mrs R H Knowles 01/12/2010 Mrs E A Knowles 01/12/2010 31 March 2025 The principal activity of the Company during the financial year was that of dairy farming. 07456419 2024-12-31 07456419 bus:Director1 2024-12-31 07456419 bus:Director2 2024-12-31 07456419 bus:Director3 2024-12-31 07456419 2023-12-31 07456419 core:CurrentFinancialInstruments 2024-12-31 07456419 core:CurrentFinancialInstruments 2023-12-31 07456419 core:Non-currentFinancialInstruments 2024-12-31 07456419 core:Non-currentFinancialInstruments 2023-12-31 07456419 core:ShareCapital 2024-12-31 07456419 core:ShareCapital 2023-12-31 07456419 core:RetainedEarningsAccumulatedLosses 2024-12-31 07456419 core:RetainedEarningsAccumulatedLosses 2023-12-31 07456419 core:OtherResidualIntangibleAssets 2023-12-31 07456419 core:OtherResidualIntangibleAssets 2024-12-31 07456419 core:LandBuildings 2023-12-31 07456419 core:PlantMachinery 2023-12-31 07456419 core:Vehicles 2023-12-31 07456419 core:LandBuildings 2024-12-31 07456419 core:PlantMachinery 2024-12-31 07456419 core:Vehicles 2024-12-31 07456419 core:CostValuation 2023-12-31 07456419 core:CostValuation 2024-12-31 07456419 bus:OrdinaryShareClass1 2024-12-31 07456419 2024-01-01 2024-12-31 07456419 bus:FilletedAccounts 2024-01-01 2024-12-31 07456419 bus:SmallEntities 2024-01-01 2024-12-31 07456419 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07456419 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07456419 bus:Director1 2024-01-01 2024-12-31 07456419 bus:Director2 2024-01-01 2024-12-31 07456419 bus:Director3 2024-01-01 2024-12-31 07456419 core:OtherResidualIntangibleAssets core:TopRangeValue 2024-01-01 2024-12-31 07456419 core:LandBuildings core:BottomRangeValue 2024-01-01 2024-12-31 07456419 core:LandBuildings core:TopRangeValue 2024-01-01 2024-12-31 07456419 core:PlantMachinery 2024-01-01 2024-12-31 07456419 core:Vehicles 2024-01-01 2024-12-31 07456419 2023-01-01 2023-12-31 07456419 core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 07456419 core:LandBuildings 2024-01-01 2024-12-31 07456419 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 07456419 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 07456419 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07456419 (England and Wales)

TRINK DAIRY LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

TRINK DAIRY LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

TRINK DAIRY LIMITED

BALANCE SHEET

As at 31 December 2024
TRINK DAIRY LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 513,757 474,288
Investments 5 82,812 82,812
596,569 557,100
Current assets
Stocks 6 344,792 342,932
Debtors 7 131,660 55,045
Cash at bank and in hand 233,701 354,655
710,153 752,632
Creditors: amounts falling due within one year 8 ( 151,721) ( 141,082)
Net current assets 558,432 611,550
Total assets less current liabilities 1,155,001 1,168,650
Creditors: amounts falling due after more than one year 9 ( 177,512) ( 219,620)
Provision for liabilities ( 63,432) ( 69,761)
Net assets 914,057 879,269
Capital and reserves
Called-up share capital 10 100 100
Profit and loss account 913,957 879,169
Total shareholders' funds 914,057 879,269

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Trink Dairy Limited (registered number: 07456419) were approved and authorised for issue by the Board of Directors on 31 March 2025. They were signed on its behalf by:

Mr C R Knowles
Director
TRINK DAIRY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
TRINK DAIRY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Trink Dairy Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

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 value added tax.

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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Land and buildings 10 - 20 years straight line
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 14 15

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 January 2024 41,598 41,598
Disposals ( 41,598) ( 41,598)
At 31 December 2024 0 0
Accumulated amortisation
At 01 January 2024 41,598 41,598
Disposals ( 41,598) ( 41,598)
At 31 December 2024 0 0
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 January 2024 399,815 607,027 18,939 1,025,781
Additions 104,446 34,989 0 139,435
At 31 December 2024 504,261 642,016 18,939 1,165,216
Accumulated depreciation
At 01 January 2024 200,901 332,718 17,874 551,493
Charge for the financial year 32,748 66,952 266 99,966
At 31 December 2024 233,649 399,670 18,140 651,459
Net book value
At 31 December 2024 270,612 242,346 799 513,757
At 31 December 2023 198,914 274,309 1,065 474,288

Included within the net book value of land and buildings above is £270,612 (2023 - £198,914) in respect of leasehold land and buildings.

Leased assets

Included within the net book value of tangible fixed assets is £50,008 (2023 - £66,677) in respect of assets held under finance leases and similar hire purchase contracts. Depreciation for the year on these assets was £16,669 (2023 - £19,823).

5. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2024 82,812 82,812
At 31 December 2024 82,812 82,812
Carrying value at 31 December 2024 82,812 82,812
Carrying value at 31 December 2023 82,812 82,812

6. Stocks

2024 2023
£ £
Stocks 344,792 342,932

7. Debtors

2024 2023
£ £
Trade debtors 45,918 31,017
Other debtors 85,742 24,028
131,660 55,045

8. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 30,450 30,250
Trade creditors 26,859 51,824
Taxation and social security 70,134 4,718
Obligations under finance leases and hire purchase contracts 10,538 12,645
Other creditors 13,740 41,645
151,721 141,082

9. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 176,615 207,287
Obligations under finance leases and hire purchase contracts 0 10,538
Other creditors 897 1,795
177,512 219,620

The bank hold a fixed and floating charge over all of the company property and assets.

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

11. Financial commitments

Commitments

The total amount of financial commitments not included in the balance sheet is £90,440 (2023 - £91,330)

12. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
C R Knowles and R H Knowles 69,594 (18,682)

During the year, the company made advances to Mr C R Knowles and Mrs R H Knowles for £103,017 and received repayments of £14,741 with £nil being written off or waived.