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REGISTERED NUMBER: NI644096 (Northern Ireland)















BALLYLISK DAIRIES LTD

Unaudited Financial Statements for the Year Ended 28 February 2023






BALLYLISK DAIRIES LTD (REGISTERED NUMBER: NI644096)






Contents of the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BALLYLISK DAIRIES LTD

Company Information
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Andrew Mark Wright





REGISTERED OFFICE: 14 Brackagh Road
Portadown
Craigavon
BT62 3RW





REGISTERED NUMBER: NI644096 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

BALLYLISK DAIRIES LTD (REGISTERED NUMBER: NI644096)

Statement of Financial Position
28 FEBRUARY 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 7,200 7,200
Property, plant and equipment 6 62,042 59,927
69,242 67,127

CURRENT ASSETS
Inventories 13,257 9,741
Receivables: amounts falling due within
one year

7

31,908

35,579
Cash at bank and in hand 14,358 21,943
59,523 67,263
PAYABLES
Amounts falling due within one year 8 (147,792 ) (173,713 )
NET CURRENT LIABILITIES (88,269 ) (106,450 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,027

)

(39,323

)

PAYABLES
Amounts falling due after more than
one year

9

(22,573

)

(33,741

)
NET LIABILITIES (41,600 ) (73,064 )

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings (41,900 ) (73,364 )
(41,600 ) (73,064 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BALLYLISK DAIRIES LTD (REGISTERED NUMBER: NI644096)

Statement of Financial Position - continued
28 FEBRUARY 2023


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 director and authorised for issue on 9 April 2025 and were signed by:





Andrew Mark Wright - Director


BALLYLISK DAIRIES LTD (REGISTERED NUMBER: NI644096)

Notes to the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Ballylisk Dairies Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% reducing balance
Motor vehicles - 20% straight line

Inventories
Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 8 ) .

BALLYLISK DAIRIES LTD (REGISTERED NUMBER: NI644096)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. INTANGIBLE FIXED ASSETS
Computer
software
£
COST
At 1 March 2022
and 28 February 2023 7,200
NET BOOK VALUE
At 28 February 2023 7,200
At 28 February 2022 7,200

6. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 March 2022 110,076 14,750 124,826
Additions - 12,000 12,000
At 28 February 2023 110,076 26,750 136,826
DEPRECIATION
At 1 March 2022 58,999 5,900 64,899
Charge for year 5,108 4,777 9,885
At 28 February 2023 64,107 10,677 74,784
NET BOOK VALUE
At 28 February 2023 45,969 16,073 62,042
At 28 February 2022 51,077 8,850 59,927

7. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 26,378 28,588
Other debtors 5,530 6,991
31,908 35,579

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,657 10,657
Hire purchase contracts 1,472 4,416
Trade payables 25,404 39,690
Taxation and social security 4,216 4,882
Other payables 106,043 114,068
147,792 173,713

BALLYLISK DAIRIES LTD (REGISTERED NUMBER: NI644096)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2023 2022
£ £
Bank loans 22,573 32,268
Hire purchase contracts - 1,473
22,573 33,741