Company Registration No. 09523127 (England and Wales)
Bruton Dairy Limited
Unaudited accounts
for the year ended 30 September 2024
Bruton Dairy Limited
Unaudited accounts
Contents
Bruton Dairy Limited
Statement of financial position
as at 30 September 2024
Tangible assets
95,519
117,549
Cash at bank and in hand
3,981
2,916
Creditors: amounts falling due within one year
(191,363)
(228,191)
Net current liabilities
(51,434)
(94,644)
Total assets less current liabilities
44,085
22,905
Creditors: amounts falling due after more than one year
(37,109)
(47,611)
Net assets/(liabilities)
6,976
(24,706)
Called up share capital
24
24
Profit and loss account
6,952
(24,730)
Shareholders' funds
6,976
(24,706)
For the year 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by
K Portch
Director
Company Registration No. 09523127
Bruton Dairy Limited
Notes to the Accounts
for the year ended 30 September 2024
Bruton Dairy Limited is a private company, limited by shares, registered in England and Wales, registration number 09523127. The registered office is 2 Bailey Hill, Castle Cary, Somerset, BA7 7AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Bruton Dairy Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
230,218
39,334
1,960
271,512
Additions
3,286
7,750
1,232
12,268
Disposals
-
(9,149)
-
(9,149)
At 30 September 2024
233,504
37,935
3,192
274,631
At 1 October 2023
125,036
27,821
1,106
153,963
Charge for the year
28,500
3,942
458
32,900
On disposals
-
(7,751)
-
(7,751)
At 30 September 2024
153,536
24,012
1,564
179,112
At 30 September 2024
79,968
13,923
1,628
95,519
At 30 September 2023
105,182
11,513
854
117,549
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
16,730
21,001
Amounts falling due within one year
Trade debtors
76,340
66,545
Accrued income and prepayments
1,796
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,464
3,907
Obligations under finance leases and hire purchase contracts
6,003
5,604
Trade creditors
93,876
129,601
Taxes and social security
5,891
-
Other creditors
54,242
58,201
Loans from directors
8,120
15,680
The bank loan is secured against the company's assets.
The finance leases and hire purchase contracts are secured on the assets concerned.
Bruton Dairy Limited
Notes to the Accounts
for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
6,986
12,989
The bank loan is secured against the company's assets.
The finance leases and hire purchase contracts are secured on the assets concerned.
8
Operating lease commitments
2024
2023
At 30 September 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
18,758
-
Later than one year and not later than five years
-
49,454
9
Average number of employees
During the year the average number of employees was 14 (2023: 16).