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Registered number: 05439115









BILLINGTON DAIRY FARM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
BILLINGTON DAIRY FARM LIMITED
 

CONTENTS



Page
Balance Sheet
1 - 2
Notes to the Financial Statements
3 - 8


 
BILLINGTON DAIRY FARM LIMITED
REGISTERED NUMBER: 05439115

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,211
9,661

Biological assets
  
337,328
271,011

  
345,539
280,672

Current assets
  

Stocks
 5 
131,093
127,389

Debtors: amounts falling due within one year
 6 
173,552
148,583

  
304,645
275,972

Creditors: amounts falling due within one year
 7 
(138,666)
(169,543)

Net current assets
  
 
 
165,979
 
 
106,429

Total assets less current liabilities
  
511,518
387,101

Creditors: amounts falling due after more than one year
 8 
(2,854)
(13,320)

Provisions for liabilities
  

Deferred tax
 10 
(2,053)
(2,415)

  
 
 
(2,053)
 
 
(2,415)

Net assets
  
506,611
371,366


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
506,609
371,364

  
506,611
371,366


Page 1

 
BILLINGTON DAIRY FARM LIMITED
REGISTERED NUMBER: 05439115
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 July 2025.




Mr E M Billington
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BILLINGTON DAIRY FARM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Billington Dairy Farm Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ellenhall Manor Farm, Eccleshall, England. ST21 6JQ.
The principal activity continues to be that of dairy farming.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BILLINGTON DAIRY FARM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Page 4

 
BILLINGTON DAIRY FARM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Employees
4
4

Page 5

 
BILLINGTON DAIRY FARM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2024
16,671



At 31 March 2025

16,671



Depreciation


At 1 April 2024
7,010


Charge for the year on owned assets
1,450



At 31 March 2025

8,460



Net book value



At 31 March 2025
8,211



At 31 March 2024
9,661


5.


Stocks

2025
2024
£
£

Stocks
131,093
127,389

131,093
127,389



6.


Debtors

2025
2024
£
£


Trade debtors
113,789
90,166

Other debtors
59,763
58,417

173,552
148,583


Page 6

 
BILLINGTON DAIRY FARM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank overdrafts
23,073
32,222

Bank loans
10,228
9,948

Trade creditors
76,219
117,883

Corporation tax
25,911
7,460

Other creditors
3,235
2,030

138,666
169,543



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
2,854
13,320

2,854
13,320


Page 7

 
BILLINGTON DAIRY FARM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
10,228
9,948


10,228
9,948

Amounts falling due 1-2 years

Bank loans
2,854
13,320


2,854
13,320



13,082
23,268


The amount of £2,854 included in loans after one year, and £10,228 due within a year, is subject to a UK Government guarantee.  The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank of England and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy.  The BBLS guarantee is provided to the lender.


10.


Deferred taxation




2025


£






At beginning of year
(2,415)


Charged to profit or loss
362



At end of year
(2,053)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(2,053)
(2,415)

(2,053)
(2,415)

 
Page 8