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REGISTERED NUMBER: 02807920 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30th September 2024

for

Littletown Dairy Limited

Littletown Dairy Limited (Registered number: 02807920)

Contents of the Financial Statements
for the Year Ended 30th September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Littletown Dairy Limited

Company Information
for the Year Ended 30th September 2024







DIRECTORS: Mrs E Forshaw
Mrs JE Forshaw
Mrs AM Moulding





SECRETARY: Mrs E Forshaw





REGISTERED OFFICE: Littletown Dairy
Chipping Road
Thornley
Preston
Lancashire
PR3 2TB





REGISTERED NUMBER: 02807920 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Littletown Dairy Limited (Registered number: 02807920)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,209,162 1,247,880

CURRENT ASSETS
Stocks 191,452 211,106
Debtors 5 1,133,661 929,788
Cash at bank and in hand 251,093 184,794
1,576,206 1,325,688
CREDITORS
Amounts falling due within one year 6 909,647 913,672
NET CURRENT ASSETS 666,559 412,016
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,875,721

1,659,896

CREDITORS
Amounts falling due after more than one
year

7

(321,700

)

(402,276

)

PROVISIONS FOR LIABILITIES (239,243 ) (240,653 )
NET ASSETS 1,314,778 1,016,967

CAPITAL AND RESERVES
Called up share capital 66,650 66,650
Retained earnings 1,248,128 950,317
SHAREHOLDERS' FUNDS 1,314,778 1,016,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

Littletown Dairy Limited (Registered number: 02807920)

Balance Sheet - continued
30th September 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 15th April 2025 and were signed on its behalf by:




Mrs E Forshaw - Director Mrs JE Forshaw - Director




Mrs AM Moulding - Director


Littletown Dairy Limited (Registered number: 02807920)

Notes to the Financial Statements
for the Year Ended 30th September 2024


1. STATUTORY INFORMATION

Littletown Dairy 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 4% on reducing balance
Plant and machinery - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

Littletown Dairy Limited (Registered number: 02807920)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024


4. TANGIBLE FIXED ASSETS
Long Plant and
leasehold machinery Totals
£    £    £   
COST
At 1st October 2023 178,447 1,753,937 1,932,384
Additions - 27,753 27,753
At 30th September 2024 178,447 1,781,690 1,960,137
DEPRECIATION
At 1st October 2023 45,832 638,672 684,504
Charge for year 5,305 61,166 66,471
At 30th September 2024 51,137 699,838 750,975
NET BOOK VALUE
At 30th September 2024 127,310 1,081,852 1,209,162
At 30th September 2023 132,615 1,115,265 1,247,880

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,011,434 850,633
Other debtors 122,227 79,155
1,133,661 929,788

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,813 43,895
Hire purchase contracts 49,407 49,407
Trade creditors 648,835 701,531
Taxation and social security 133,726 84,109
Other creditors 43,866 34,730
909,647 913,672

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 219,884 251,051
Hire purchase contracts 101,816 151,225
321,700 402,276

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 253,697 294,946

The bank overdraft and bank loan is secured by way of mortgage debenture dated 3 March 2015.

Littletown Dairy Limited (Registered number: 02807920)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mrs E Forshaw and Mrs JE Forshaw are partners in the dairy farm business M & E Forshaw & Son, which supplied milk and accommodation to the company at normal commercial rates. During the year milk totalling £1,439,227, (2023: £1,403,762) was supplied, in addition the company paid rent of £48,000 in 2024 (£48,000 in 2023) to the farm partnership. At the year end the company owed £15,836 (£0 in 2023) for milk.

At the year end, the company had paid £0 (£4,283 in 2023) in advance to the farm.

Included within other creditors at the year end is £834 (2023: £834) owing to Mrs E Forshaw.