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REGISTRAR OF COMPANIES

Registration number: 12855472

Pour The Milk Limited

Unaudited Financial Statements

30 September 2024

image-name

 

Pour The Milk Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

5

 

Pour The Milk Limited

Company Information

Directors

A Thornhill

J Thornhill

Registered office

Love Lane Farm
Love Lane
Betchton
SANDBACH
CW11 2TT
 

Accountants

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW
 

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Pour The Milk Limited
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pour The Milk Limited for the year ended 30 September 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Pour The Milk Limited, as a body, in accordance with the terms of our engagement letter dated 29 June 2023. Our work has been undertaken solely to prepare for your approval the accounts of Pour The Milk Limited and state those matters that we have agreed to state to the Board of Directors of Pour The Milk Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pour The Milk Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Pour The Milk Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pour The Milk Limited. You consider that Pour The Milk Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Pour The Milk Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

27 May 2025

 

Pour The Milk Limited

(Registration number: 12855472)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

523,683

516,120

Current assets

 

Stocks

661,028

699,357

Debtors

5

158,012

179,688

Cash at bank and in hand

 

58,228

27,544

 

877,268

906,589

Creditors: Amounts falling due within one year

6

(628,907)

(926,477)

Net current assets/(liabilities)

 

248,361

(19,888)

Total assets less current liabilities

 

772,044

496,232

Provisions for liabilities

(69,121)

(56,530)

Net assets

 

702,923

439,702

Capital and reserves

 

Allotted, called up and fully paid share capital

2

2

Profit and loss account

702,921

439,700

Total equity

 

702,923

439,702

 

Pour The Milk Limited

(Registration number: 12855472)
Balance Sheet as at 30 September 2024 (continued)

For the financial 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.

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 and 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 27 May 2025 and signed on its behalf by:
 

.........................................

A Thornhill

Director

.........................................

J Thornhill

Director

 

Pour The Milk Limited

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

1

General information

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

The address of its registered office is:
Love Lane Farm
Love Lane
Betchton
SANDBACH
CW11 2TT

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

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.

 

Pour The Milk Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

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

Land and buildings

5% and 10% straight line basis

Plant and equipment

5% straight line and 10% reducing balance basis

Motor vehicles

25% reducing balance basis

Furniture, fittings and office equipment

33% straight line basis

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 the sale of goods 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

Trading stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. The cost of livestock represents the purchase cost plus any additional costs of rearing the animal. Net realisable value is based on selling price less anticipated selling costs. Crop stock is valued at fair value less any anticipated costs to sell.

 

Pour The Milk Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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 where due after more than one year.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 5).

 

Pour The Milk Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Tangible assets

Land and buildings
£

Plant and equipment
 £

Motor vehicles
 £

Furniture, fittings and office equipment
 £

Total
£

Cost or valuation

At 1 October 2023

205,345

372,834

23,900

471

602,550

Additions

-

46,343

-

532

46,875

Disposals

-

(1,135)

-

-

(1,135)

At 30 September 2024

205,345

418,042

23,900

1,003

648,290

Depreciation

At 1 October 2023

5,632

76,883

3,485

430

86,430

Charge for the year

2,202

31,005

5,104

174

38,485

Eliminated on disposal

-

(308)

-

-

(308)

At 30 September 2024

7,834

107,580

8,589

604

124,607

Carrying amount

At 30 September 2024

197,511

310,462

15,311

399

523,683

At 30 September 2023

199,713

295,951

20,415

41

516,120

 

Pour The Milk Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

5

Debtors

2024
£

2023
£

Trade debtors

130,947

153,775

Other debtors

27,065

25,913

158,012

179,688

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

402,612

672,856

Trade creditors

 

120,051

198,026

Taxation and social security

 

1,763

1,302

Corporation tax liability

 

88,683

42,833

Other creditors

 

15,798

11,460

 

628,907

926,477

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Other borrowings

402,612

672,856

 

Pour The Milk Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

8

Related party transactions

Transactions with directors

2024

At 1 October 2023
£

Advances
£

Repayments
£

Other payments
£

Dividends credited
£

Interest
£

At 30 September 2024
£

A Thornhill

Loan

-

2,048

(244)

-

-

-

1,804

               
         

J Thornhill

Loan

-

2,048

(244)

-

-

-

1,804

               
         

 

2023

At 1 October 2022
£

Advances
£

Repayments
£

Other payments
£

Dividends credited
£

Interest
£

At 30 September 2023
£

A Thornhill

Loan

2,992

14,036

(14,143)

-

(3,000)

115

-

               
         

J Thornhill

Loan

2,991

14,036

(14,142)

-

(3,000)

115

-

               
         

 

Directors' advances are repayable on demand.

Interest has been charged at a rate of 2% to 5 April 2023 and 2.25% thereafter on advances to directors.