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REGISTERED NUMBER: 06726147 (England and Wales)















Financial Statements for the Year Ended 31 March 2025

for

Newhay Feeds Limited

Newhay Feeds Limited (Registered number: 06726147)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Newhay Feeds Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: I S Burrows
Mrs H Burrows





REGISTERED OFFICE: C/o Richard Smedley Ltd
Richmond House Lawnswood Business Park
Redvers Close
Leeds
LS16 6QY





REGISTERED NUMBER: 06726147 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Newhay Feeds Limited (Registered number: 06726147)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 878,092 1,000,505
878,092 1,000,505

CURRENT ASSETS
Stocks 294,975 374,849
Debtors 6 72,835 84,631
Cash at bank and in hand 2,083 1,164
369,893 460,644
CREDITORS
Amounts falling due within one year 7 589,628 683,069
NET CURRENT LIABILITIES (219,735 ) (222,425 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

658,357

778,080

CREDITORS
Amounts falling due after more than one year 8 (379,553 ) (431,377 )

PROVISIONS FOR LIABILITIES (213,025 ) (237,200 )
NET ASSETS 65,779 109,503

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 65,679 109,403
65,779 109,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Newhay Feeds Limited (Registered number: 06726147)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:





I S Burrows - Director


Newhay Feeds Limited (Registered number: 06726147)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Newhay Feeds Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates
.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the
goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been full amortised over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Grants are recognised on an accrual basis.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


Newhay Feeds Limited (Registered number: 06726147)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 50,000
AMORTISATION
At 1 April 2024
and 31 March 2025 50,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

Newhay Feeds Limited (Registered number: 06726147)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2024 23,859 1,931,027 70,447 9,210 2,034,543
Additions - 33,619 658 - 34,277
Disposals - (19,000 ) - - (19,000 )
At 31 March 2025 23,859 1,945,646 71,105 9,210 2,049,820
DEPRECIATION
At 1 April 2024 9,253 966,947 49,574 8,265 1,034,039
Charge for year 1,192 149,236 3,230 237 153,895
Eliminated on disposal - (16,206 ) - - (16,206 )
At 31 March 2025 10,445 1,099,977 52,804 8,502 1,171,728
NET BOOK VALUE
At 31 March 2025 13,414 845,669 18,301 708 878,092
At 31 March 2024 14,606 964,080 20,873 945 1,000,504

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 48,657 64,295
Other debtors 24,178 20,336
72,835 84,631

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 129,856 154,495
Hire purchase contracts 118,840 129,908
Trade creditors 85,996 163,067
Taxation and social security 32,535 17,724
Other creditors 222,401 217,875
589,628 683,069

Newhay Feeds Limited (Registered number: 06726147)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 211,975 234,492
Hire purchase contracts 167,578 196,885
379,553 431,377

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 86,208 -

9. SECURED DEBTS

National Westminster Bank and Lombard North Central both hold a fixed and floating charges over all the property and undertakings of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director's have personal guarantees for the finance in the company.