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Registration number: 04389743

Northern Game Feeds Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

Northern Game Feeds Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Northern Game Feeds Limited

Company Information

Directors

Mr R Panton

Mr S Burnhill

Registered office

Lotherton Park Farm
Copley Lane
Aberford
Leeds
West Yorkshire
LS25 3ED

 

Northern Game Feeds Limited

(Registration number: 04389743)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

177,775

141,029

 

177,775

141,029

Current assets

 

Stocks

5

53,860

102,708

Debtors

6

2,472,593

2,789,774

Cash at bank and in hand

 

294,079

150,163

 

2,820,532

3,042,645

Creditors: Amounts falling due within one year

7

(720,931)

(910,227)

Net current assets

 

2,099,601

2,132,418

Net assets

 

2,277,376

2,273,447

Capital and reserves

 

Called up share capital

450

450

Capital redemption reserve

550

550

Retained earnings

2,276,376

2,272,447

Shareholders' funds

 

2,277,376

2,273,447

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 June 2025 and signed on its behalf by:
 

.........................................
Mr R Panton
Director

 

Northern Game Feeds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Lotherton Park Farm
Copley Lane
Aberford
Leeds
West Yorkshire
LS25 3ED

These financial statements were authorised for issue by the Board on 13 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 and deferred 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Northern Game Feeds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property Improvements

10% Straight line

Office Equipment

33% Straight line

Motor Vehicles

20% Straight Line

Land

Not depreciated

Plant and Machinery

20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Northern Game Feeds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

 

Northern Game Feeds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Land
£

Short leasehold land and buildings
£

Fixtures and fittings
£

Motor vehicles
 £

Other tangible assets
 £

Cost or valuation

At 1 February 2024

100,000

27,833

2,746

101,666

-

Additions

-

-

-

74,500

7,500

Disposals

-

-

-

(63,550)

-

At 31 January 2025

100,000

27,833

2,746

112,616

7,500

Depreciation

At 1 February 2024

-

27,833

2,746

60,637

-

Charge for the year

-

-

-

12,313

500

Eliminated on disposal

-

-

-

(31,109)

-

At 31 January 2025

-

27,833

2,746

41,841

500

Carrying amount

At 31 January 2025

100,000

-

-

70,775

7,000

At 31 January 2024

100,000

-

-

41,029

-

Total
£

Cost or valuation

At 1 February 2024

232,245

Additions

82,000

Disposals

(63,550)

At 31 January 2025

250,695

Depreciation

At 1 February 2024

91,216

Charge for the year

12,813

Eliminated on disposal

(31,109)

At 31 January 2025

72,920

Carrying amount

At 31 January 2025

177,775

At 31 January 2024

141,029

 

Northern Game Feeds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Stocks

2025
£

2024
£

Other inventories

53,860

102,708

6

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

1,228,496

1,455,346

Amounts owed by related parties

1,183,804

1,291,803

Prepayments

 

8,300

1,162

Other debtors

 

51,993

41,463

   

2,472,593

2,789,774

7

Creditors

 

Northern Game Feeds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

91,901

354,488

Trade creditors

 

267,540

194,564

Amounts owed to group undertakings and undertakings in which the company has a participating interest

79,760

109,856

Taxation and social security

 

121,887

132,840

Accruals and deferred income

 

149,732

106,526

Other creditors

 

10,111

11,953

 

720,931

910,227

Creditors include bank loans and overdrafts which are secured of £0 (2024 - £341,667).

8

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Bank borrowings

-

341,667

Other borrowings

91,901

12,821

91,901

354,488

9

Parent and ultimate parent undertaking

The company's immediate parent is NGF Holdings Limited, incorporated in England & Wales.

 The ultimate parent is RTP Yorkshire Limited, incorporated in England & Wales.