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REGISTERED NUMBER: 09028775 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CLUN VALLEY FOODS LIMITED

CLUN VALLEY FOODS LIMITED (REGISTERED NUMBER: 09028775)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLUN VALLEY FOODS LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: R Davis
Mrs M J Davis





SECRETARY: Mrs M J Davis





REGISTERED OFFICE: The Square
Clun
Craven Arms
Shropshire
SY7 8JA





REGISTERED NUMBER: 09028775 (England and Wales)





ACCOUNTANTS: Baker & Co.
Chartered Certified Accountants.
Arran House
42 Gravel Hill
Ludlow
Shropshire
SY8 1QR

CLUN VALLEY FOODS LIMITED (REGISTERED NUMBER: 09028775)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 15,889
Tangible assets 5 81,792 96,007
81,792 111,896

CURRENT ASSETS
Stocks 48,544 42,414
Debtors 6 157,127 129,859
Cash at bank and in hand 29,149 61,732
234,820 234,005
CREDITORS
Amounts falling due within one year 7 109,951 106,527
NET CURRENT ASSETS 124,869 127,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,661

239,374

PROVISIONS FOR LIABILITIES (11,335 ) (18,206 )

ACCRUALS AND DEFERRED INCOME (11,250 ) (16,250 )
NET ASSETS 184,076 204,918

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 84,076 104,918
184,076 204,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CLUN VALLEY FOODS LIMITED (REGISTERED NUMBER: 09028775)

BALANCE SHEET - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





R Davis - Director


CLUN VALLEY FOODS LIMITED (REGISTERED NUMBER: 09028775)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Clun Valley Foods 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" including the provisions of Section 1A "Small Entities" 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 for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation of intangible fixed assets
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - 10 years straight line
Website - 33% straight line
Development costs - 10 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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 Income Statement, 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.


CLUN VALLEY FOODS LIMITED (REGISTERED NUMBER: 09028775)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Tangible fixed assets and depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fittings, fixtures and equipment - 15% & 20% reducing balance
Motor vehicles - 15% reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect new estimates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 149,998 12,402 162,400
AMORTISATION
At 1 September 2023 135,000 11,511 146,511
Charge for year 14,998 891 15,889
At 31 August 2024 149,998 12,402 162,400
NET BOOK VALUE
At 31 August 2024 - - -
At 31 August 2023 14,998 891 15,889

CLUN VALLEY FOODS LIMITED (REGISTERED NUMBER: 09028775)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 50,219 52,070 60,266 1,583 164,138
Additions - - - 274 274
At 31 August 2024 50,219 52,070 60,266 1,857 164,412
DEPRECIATION
At 1 September 2023 25,586 24,766 16,914 865 68,131
Charge for year 3,695 4,095 6,503 196 14,489
At 31 August 2024 29,281 28,861 23,417 1,061 82,620
NET BOOK VALUE
At 31 August 2024 20,938 23,209 36,849 796 81,792
At 31 August 2023 24,633 27,304 43,352 718 96,007

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 70,674 55,565
Amounts owed by associates 82,071 57,618
Other debtors 4,382 16,676
157,127 129,859

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) - 7,300
Trade creditors 86,225 69,205
Taxation and social security 5,734 6,811
Other creditors 17,992 23,211
109,951 106,527

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 7,300

CLUN VALLEY FOODS LIMITED (REGISTERED NUMBER: 09028775)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 10,327 7,979
Between one and five years 10,754 9,948
21,081 17,927

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Clun Valley Holdings Ltd who have an 80% shareholding. Mrs Melanie J Davis has 100% control of Clun Valley Holdings Ltd. The companies share the same registered office.
During the previous financial year, Clun Valley Holdings Ltd purchased the registered office and whilst there is no actual lease in existence, Clun Valley Foods Ltd is renting from Clun Valley Holding Ltd on an arms length basis.