IRIS Accounts Production v25.1.3.33 01053707 Board of Directors 1.3.24 28.2.25 28.2.25 processing and wholesaling of chilled foods. true false true true false false true false Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 Ordinary E 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010537072024-02-29010537072025-02-28010537072024-03-012025-02-28010537072023-02-28010537072023-03-012024-02-29010537072024-02-2901053707ns15:EnglandWales2024-03-012025-02-2801053707ns14:PoundSterling2024-03-012025-02-2801053707ns10:Director12024-03-012025-02-2801053707ns10:Director22024-03-012025-02-2801053707ns10:PrivateLimitedCompanyLtd2024-03-012025-02-2801053707ns10:FRS1022024-03-012025-02-2801053707ns10:Audited2024-03-012025-02-2801053707ns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2024-03-012025-02-2801053707ns10:LargeMedium-sizedCompaniesRegimeForAccounts2024-03-012025-02-2801053707ns10:FullAccounts2024-03-012025-02-2801053707ns10:OrdinaryShareClass22024-03-012025-02-2801053707ns10:OrdinaryShareClass32024-03-012025-02-2801053707ns10:OrdinaryShareClass42024-03-012025-02-2801053707ns10:OrdinaryShareClass52024-03-012025-02-2801053707ns10:Director32024-03-012025-02-2801053707ns10:Director42024-03-012025-02-2801053707ns10:CompanySecretary12024-03-012025-02-2801053707ns10:RegisteredOffice2024-03-012025-02-2801053707ns5:RetainedEarningsAccumulatedLosses2024-02-2901053707ns5:RetainedEarningsAccumulatedLosses2023-02-2801053707ns5:RetainedEarningsAccumulatedLosses2024-03-012025-02-2801053707ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-2901053707ns5:RetainedEarningsAccumulatedLosses2025-02-2801053707ns5:RetainedEarningsAccumulatedLosses2024-02-2901053707ns5:CurrentFinancialInstruments2025-02-2801053707ns5:CurrentFinancialInstruments2024-02-2901053707ns5:ShareCapital2025-02-2801053707ns5:ShareCapital2024-02-2901053707ns5:OwnedOrFreeholdAssetsns5:LandBuildings2024-03-012025-02-2801053707ns5:PlantMachinery2024-03-012025-02-2801053707ns5:MotorVehicles2024-03-012025-02-2801053707ns5:ComputerEquipment2024-03-012025-02-2801053707ns5:OwnedAssets2024-03-012025-02-2801053707ns5:OwnedAssets2023-03-012024-02-290105370712024-03-012025-02-280105370712023-03-012024-02-2901053707ns5:LandBuildings2024-02-2901053707ns5:PlantMachinery2024-02-2901053707ns5:FurnitureFittings2024-02-2901053707ns5:LandBuildings2024-03-012025-02-2801053707ns5:FurnitureFittings2024-03-012025-02-2801053707ns5:LandBuildings2025-02-2801053707ns5:PlantMachinery2025-02-2801053707ns5:FurnitureFittings2025-02-2801053707ns5:LandBuildings2024-02-2901053707ns5:PlantMachinery2024-02-2901053707ns5:FurnitureFittings2024-02-2901053707ns5:MotorVehicles2024-02-2901053707ns5:ComputerEquipment2024-02-2901053707ns5:MotorVehicles2025-02-2801053707ns5:ComputerEquipment2025-02-2801053707ns5:MotorVehicles2024-02-2901053707ns5:ComputerEquipment2024-02-2901053707ns5:CurrentFinancialInstrumentsns5:WithinOneYear2025-02-2801053707ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2901053707ns5:DeferredTaxation2024-02-2901053707ns5:DeferredTaxation2024-03-012025-02-2801053707ns5:DeferredTaxation2025-02-2801053707ns10:OrdinaryShareClass22025-02-2801053707ns10:OrdinaryShareClass32025-02-2801053707ns10:OrdinaryShareClass42025-02-2801053707ns10:OrdinaryShareClass52025-02-28
REGISTERED NUMBER: 01053707 (England and Wales)












DIRECT POULTRY SUPPLY (INSKIP) LIMITED

STRATEGIC REPORT, DIRECTORS' REPORT AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






DIRECT POULTRY SUPPLY (INSKIP) LIMITED (REGISTERED NUMBER: 01053707)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Strategic Report 2

Directors' Report 3

Statement of Directors' Responsibilities 4

Independent Auditors' Report 5

Statement of Income and Retained Earnings 9

Balance Sheet 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13


DIRECT POULTRY SUPPLY (INSKIP) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







Directors: Mr B Etherington
Mr T Etherington
Mr M B Etherington
Mr S Etherington



Secretary: Mrs D L Chilton



Registered office: Preston Road
Inskip
PRESTON
PR4 0TT



Registered number: 01053707 (England and Wales)



Auditors: Xeinadin Audit Limited
Accountants and Statutory Auditors
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD



Bankers: National Westminster Bank Plc
Market Place
Garstang
PRESTON
PR3 1ZA



Accountants: Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

DIRECT POULTRY SUPPLY (INSKIP) LIMITED (REGISTERED NUMBER: 01053707)

STRATEGIC REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025


The directors present their strategic report for the year ended 28 February 2025.

The principal activity of the company is the processing and wholesaling of chilled foods.

Review of business
We aim to present a balanced and comprehensive review of the development and performance of our business during the year and its position at the year end. Our review is consistent with the size and non-complex nature of our business and is written in the context of the risks and uncertainties we face.

As a poultry and meat wholesaler the company continues to supply its product to the wholesale sector.

We consider that our key financial performance indicators are those that communicate the financial performance and strength of the company as a whole, these being gross profit and operating profit.

We are satisfied that all divisions of the business have performed satisfactorily and in line with expectations, given the difficult and fluctuating conditions affecting the sector.

Gross profit has increased to £3,408,858 from £3,122,466. The operating profit has increased to £744,361 from £712,972 and profit before tax has increased to £710,527 from £668,261.

The profit for the year, after taxation, amounted to £528,790 compared to £502,862 in the previous year.

Particulars of dividends paid are detailed in note 11 to the financial statements.

Principal risks and uncertainties
As for many businesses of our size, the business environment in which we operate continues to be challenging. The fluctuating product prices and distribution costs are having a direct impact on our operating profits and continue to be a major concern.

With these risks and uncertainties in mind, we are aware that any plans for the future development of our business may be affected by unforeseen future events outside of our control.

On behalf of the board:





Mr S Etherington - Director


1 May 2025

DIRECT POULTRY SUPPLY (INSKIP) LIMITED (REGISTERED NUMBER: 01053707)

DIRECTORS' REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025


The directors present their report with the financial statements of the company for the year ended 28 February 2025.

Dividends
The total distribution of dividends paid in the year ended 29 February 2025 was £497,619.

Directors
The directors shown below have held office during the whole of the period from 1 March 2024 to the date of this report.

Mr B Etherington
Mr T Etherington
Mr M B Etherington
Mr S Etherington

Statement as to disclosure of information to auditors
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors
The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:





Mr S Etherington - Director


1 May 2025

DIRECT POULTRY SUPPLY (INSKIP) LIMITED (REGISTERED NUMBER: 01053707)

STATEMENT OF DIRECTORS' RESPONSIBILITIES
FOR THE YEAR ENDED 28 FEBRUARY 2025


The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
DIRECT POULTRY SUPPLY (INSKIP) LIMITED


Opinion
We have audited the financial statements of Direct Poultry Supply (Inskip) Limited (the 'company') for the year ended 28 February 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 28 February 2025 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report, the Directors' Report and the Statement of Directors' Responsibilities, but does not include the financial statements and our Auditors' Report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
DIRECT POULTRY SUPPLY (INSKIP) LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
DIRECT POULTRY SUPPLY (INSKIP) LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- enquiries are made of management and those charged with governance as to whether there is any knowledge of actual, suspected, or alleged fraud, whether there is any known non-compliance with laws or regulations, and whether the company has been subject to any litigation or any legal claims.

- audit work over the risk of management override of controls is undertaken. This includes testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

- analytical reviews are performed on the financial statements at all stages of the audit by comparison to prior years, budgets and expectations to ensure the reasonableness of the figures therein.

- third party confirmation is obtained from the company's bankers to confirm bank balances, loan facilities and security held.

- detailed audit testing is undertaken in specific areas to ensure that income and expenditure is correctly recorded and is a genuine income or expense of the company.

- financial statement disclosures are reviewed and tested to supporting documentation to assess compliance with applicable laws and regulations.

Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
DIRECT POULTRY SUPPLY (INSKIP) LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Tim Preece FCCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited
Accountants and Statutory Auditors
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

1 May 2025

DIRECT POULTRY SUPPLY (INSKIP) LIMITED (REGISTERED NUMBER: 01053707)

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2025 2024
Notes £    £   

Turnover 3 26,755,451 25,757,549

Cost of sales 23,346,593 22,635,083
Gross profit 3,408,858 3,122,466

Administrative expenses 2,665,097 2,410,094
743,761 712,372

Other operating income 4 600 600
Operating profit 6 744,361 712,972

Interest receivable and similar income 8 30,980 15,051
775,341 728,023

Interest payable and similar expenses 9 64,814 59,762
Profit before taxation 710,527 668,261

Tax on profit 10 181,737 165,399
Profit for the financial year 528,790 502,862

Retained earnings at beginning of year 1,898,029 1,726,803

Dividends 11 (497,619 ) (331,636 )

Retained earnings at end of year 1,929,200 1,898,029

DIRECT POULTRY SUPPLY (INSKIP) LIMITED (REGISTERED NUMBER: 01053707)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 12 588,242 588,722

Current assets
Stocks 13 253,185 271,170
Debtors 14 2,551,071 2,378,029
Cash at bank and in hand 15 998,174 852,320
3,802,430 3,501,519
Creditors
Amounts falling due within one year 16 2,338,598 2,071,306
Net current assets 1,463,832 1,430,213
Total assets less current liabilities 2,052,074 2,018,935

Provisions for liabilities 17 118,764 116,796
Net assets 1,933,310 1,902,139

Capital and reserves
Called up share capital 18 4,110 4,110
Retained earnings 19 1,929,200 1,898,029
Shareholders' funds 1,933,310 1,902,139

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:





Mr M B Etherington - Director


DIRECT POULTRY SUPPLY (INSKIP) LIMITED (REGISTERED NUMBER: 01053707)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 28 FEBRUARY 2025

2025 2024
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 927,879 947,826
Interest paid (64,814 ) (59,762 )
Tax paid (178,613 ) (73,095 )
Net cash from operating activities 684,452 814,969

Cash flows from investing activities
Purchase of tangible fixed assets (140,967 ) (75,610 )
Sale of tangible fixed assets 6,500 7,483
Interest received 30,980 15,051
Net cash from investing activities (103,487 ) (53,076 )

Cash flows from financing activities
Amount introduced by directors 361,245 256,706
Amount withdrawn by directors (298,737 ) (275,190 )
Equity dividends paid (497,619 ) (331,636 )
Net cash from financing activities (435,111 ) (350,120 )

Increase in cash and cash equivalents 145,854 411,773
Cash and cash equivalents at beginning of
year

2

852,320

440,547

Cash and cash equivalents at end of year 2 998,174 852,320

DIRECT POULTRY SUPPLY (INSKIP) LIMITED (REGISTERED NUMBER: 01053707)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. Reconciliation of profit before taxation to cash generated from operations

2025 2024
£    £   
Profit before taxation 710,527 668,261
Depreciation charges 129,693 131,700
Loss on disposal of fixed assets 5,254 382
Finance costs 64,814 59,762
Finance income (30,980 ) (15,051 )
879,308 845,054
Decrease/(increase) in stocks 17,985 (10,972 )
(Increase)/decrease in trade and other debtors (173,042 ) 86,625
Increase in trade and other creditors 203,628 27,119
Cash generated from operations 927,879 947,826

2. Cash and cash equivalents

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 28 February 2025
28/2/25 1/3/24
£    £   
Cash and cash equivalents 998,174 852,320
Year ended 29 February 2024
29/2/24 1/3/23
£    £   
Cash and cash equivalents 852,320 440,547


3. Analysis of changes in net funds

At 1/3/24 Cash flow At 28/2/25
£    £    £   
Net cash
Cash at bank and in hand 852,320 145,854 998,174
852,320 145,854 998,174
Total 852,320 145,854 998,174

DIRECT POULTRY SUPPLY (INSKIP) LIMITED (REGISTERED NUMBER: 01053707)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. Statutory information

Direct Poultry Supply (Inskip) 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.

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" 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.

Revenue from the sale of poultry and other meat is recognised upon delivery to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 10% Reducing balance (excluding land) and 2% Straight line
Plant and machinery - 15% Reducing balance
Motor vehicles - 25% Reducing balance
Computer equipment - 20% Straight line

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 Comprehensive Income, 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.

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

DIRECT POULTRY SUPPLY (INSKIP) LIMITED (REGISTERED NUMBER: 01053707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


2. Accounting policies - continued

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.

3. Turnover

The turnover and profit before taxation are attributable to the one principal activity of the company.

4. Other operating income
2025 2024
£    £   
Rents receivable 600 600

5. Employees and directors
2025 2024
£    £   
Wages and salaries 2,943,337 2,698,784
Social security costs 253,126 217,453
Other pension costs 219,901 198,892
3,416,364 3,115,129

The average number of employees during the year was as follows:
2025 2024

Production 92 94
Sales and management 18 17
110 111

2025 2024
£    £   
Directors' remuneration 25,043 19,102
Directors' pension contributions to money purchase schemes 71,000 71,000

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

6. Operating profit

The operating profit is stated after charging:

2025 2024
£    £   
Other operating leases 30,900 34,948
Depreciation - owned assets 129,693 131,700
Loss on disposal of fixed assets 5,254 382

DIRECT POULTRY SUPPLY (INSKIP) LIMITED (REGISTERED NUMBER: 01053707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


7. Auditors' remuneration
2025 2024
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

5,425

5,225
Auditors' remuneration for non audit work 16,978 16,117

8. Interest receivable and similar income
2025 2024
£    £   
Bank interest receivable 30,980 15,051

9. Interest payable and similar expenses
2025 2024
£    £   
Other interest payable 64,814 59,762

10. Taxation

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 179,769 178,613

Deferred tax 1,968 (13,214 )
Tax on profit 181,737 165,399

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025 2024
£    £   
Profit before tax 710,527 668,261
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2024 - 25%)

177,632

167,065

Effects of:
Expenses not deductible for tax purposes 2,017 103
Depreciation in excess of capital allowances 2,088 2,286
Super deduction - (349 )
tax used for deferred tax and
tax for different rates used
Difference between tax rates of 19 percent and 25 percent - (3,706 )
Total tax charge 181,737 165,399

DIRECT POULTRY SUPPLY (INSKIP) LIMITED (REGISTERED NUMBER: 01053707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


11. Dividends

Aggregate interim dividends paid during the year were £497,619 (2024 - £331,636)

12. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Cost
At 1 March 2024 768,827 1,433,751 84,026
Additions - 26,296 -
Disposals - - -
At 28 February 2025 768,827 1,460,047 84,026
Depreciation
At 1 March 2024 623,955 1,211,069 77,967
Charge for year 10,870 37,353 909
Eliminated on disposal - - -
At 28 February 2025 634,825 1,248,422 78,876
Net book value
At 28 February 2025 134,002 211,625 5,150
At 29 February 2024 144,872 222,682 6,059

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 March 2024 835,266 104,797 3,226,667
Additions 113,585 1,086 140,967
Disposals (58,818 ) - (58,818 )
At 28 February 2025 890,033 105,883 3,308,816
Depreciation
At 1 March 2024 630,732 94,222 2,637,945
Charge for year 76,598 3,963 129,693
Eliminated on disposal (47,064 ) - (47,064 )
At 28 February 2025 660,266 98,185 2,720,574
Net book value
At 28 February 2025 229,767 7,698 588,242
At 29 February 2024 204,534 10,575 588,722

DIRECT POULTRY SUPPLY (INSKIP) LIMITED (REGISTERED NUMBER: 01053707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


13. Stocks
2025 2024
£    £   
Stocks 94,458 106,951
Finished goods 158,727 164,219
253,185 271,170

14. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 1,716,358 1,568,893
Other debtors 761,106 754,224
VAT 23,616 16,118
Prepayments 49,991 38,794
2,551,071 2,378,029

15. Cash at bank and in hand
2025 2024
£    £   
Bank current account 997,574 851,720
Cash in hand 600 600
998,174 852,320

16. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 1,234,938 1,063,031
Tax 179,769 178,613
Social security and other taxes 79,797 51,185
Other creditors 385,314 362,661
Directors' current accounts 384,156 321,648
Accruals 74,624 94,168
2,338,598 2,071,306

17. Provisions for liabilities
2025 2024
£    £   
Deferred tax 118,764 116,796

Deferred
tax
£   
Balance at 1 March 2024 116,796
Provided during year 1,968
Balance at 28 February 2025 118,764

DIRECT POULTRY SUPPLY (INSKIP) LIMITED (REGISTERED NUMBER: 01053707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


18. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
803 Ordinary B £1 803 803
626 Ordinary C £1 626 626
626 Ordinary D £1 626 626
1,233 Ordinary E £1 1,233 1,233
812 Ordinary F £1 812 812
10 Ordinary G £1 10 10
4,110 4,110

Each share entitles the holder to vote, to dividends and to capital distribution arising from the winding up of the company.

19. Reserves
Retained
earnings
£   

At 1 March 2024 1,898,029
Profit for the year 528,790
Dividends (497,619 )
At 28 February 2025 1,929,200

20. Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £219,623 (2024 - £198,892).

21. Related party disclosures

Two directors own part of the property from which the company operates for which they each receive a rent of £15,450 per annum.

During the year the company provided an interest free loan, repayable on demand, to Direct Property Services (Inskip) Limited, which is under common control with the company. The balance outstanding at the year end was £758,206 (2024 - £752,524).