MMG Dairy Farmers Limited 15124344 false 2023-09-08 2024-09-30 2024-09-30 The principal activity of the company is activities of other membership organisations not elsewhere classified. Digita Accounts Production Advanced 6.30.9574.0 true 15124344 2023-09-08 2024-09-30 15124344 2024-09-30 15124344 core:RetainedEarningsAccumulatedLosses 2024-09-30 15124344 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 15124344 bus:SmallEntities 2023-09-08 2024-09-30 15124344 bus:AuditExemptWithAccountantsReport 2023-09-08 2024-09-30 15124344 bus:FullAccounts 2023-09-08 2024-09-30 15124344 bus:SmallCompaniesRegimeForAccounts 2023-09-08 2024-09-30 15124344 bus:RegisteredOffice 2023-09-08 2024-09-30 15124344 bus:Chairman 2023-09-08 2024-09-30 15124344 bus:CompanyLimitedByGuarantee 2023-09-08 2024-09-30 15124344 1 2023-09-08 2024-09-30 15124344 countries:EnglandWales 2023-09-08 2024-09-30 iso4217:GBP xbrli:pure

Registration number: 15124344

MMG Dairy Farmers Limited

(A company limited by guarantee)

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 8 September 2023 to 30 September 2024

 

MMG Dairy Farmers Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

MMG Dairy Farmers Limited

(Registration number: 15124344)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

Current assets

 

Debtors

60,983

Cash at bank and in hand

 

244,572

 

305,555

Creditors: Amounts falling due within one year

(22,459)

Net assets

 

283,096

Capital and reserves

 

Profit and loss account

283,096

Total equity

 

283,096

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 6 June 2025 and signed on its behalf by:
 

Mr David Grant Hartman

Chairman

 

MMG Dairy Farmers Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 8 September 2023 to 30 September 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 6 June 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

These accounts have been prepared for the period from 08 September 2023 to 30 September 2024, this is longer due to it being the company's first period of incorporation.

Revenue recognition

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 sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Current tax is calculated at the amounts expected to be paid or recorded using the tax rates and levies that
have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exception:

Deferred tax assets are only recognised to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the
statement of financial position date.

 

MMG Dairy Farmers Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 8 September 2023 to 30 September 2024


3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5.