M. POULTRY SERVICES (NI) LIMITED 28/02/2025 iXBRL

Company registration number: NI606309

M. POULTRY SERVICES (NI) LIMITED

Unaudited filleted financial statements

28 February 2025

M. POULTRY SERVICES (NI) LIMITED

Contents

Accountants' report

Statement of financial position

Notes to the financial statements

M. POULTRY SERVICES (NI) LIMITED

Report to the director on the preparation of the

unaudited statutory financial statements of M. POULTRY SERVICES (NI) LIMITED

Year ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M. Poultry Services (NI) Limited for the year ended 28 February 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

This report is made solely to the director of M. Poultry Services (NI) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of M. Poultry Services (NI) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than its director as a body for our work or for this report.

It is your duty to ensure that M. Poultry Services (NI) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M. Poultry Services (NI) Limited. You consider that M. Poultry Services (NI) 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 financial statements of M. Poultry Services (NI) 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 financial statements.

Shriver Price & Co.

Chartered Accountants

49 Downshire Road

Newry

Co. Down

BT34 1BA

18 September 2025

M. POULTRY SERVICES (NI) LIMITED

Statement of financial position

28 February 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	127,269		98,806
		_________		_________
			127,269		98,806

Current assets
Debtors	6	2,756,949		2,579,056
Cash at bank and in hand		1,454,332		1,398,422
		_________		_________
		4,211,281		3,977,478
Creditors: amounts falling due
within one year	7	( 1,518,445)		( 1,532,873)
		_________		_________
Net current assets			2,692,836		2,444,605
			_________		_________
Total assets less current liabilities			2,820,105		2,543,411


Provisions for liabilities			( 31,818)		( 24,702)

			_________		_________
Net assets			2,788,287		2,518,709
			_________		_________

Capital and reserves
Called up share capital			2		2
Profit and loss account			2,788,285		2,518,707
			_________		_________
Shareholders funds			2,788,287		2,518,709
			_________		_________

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

David Ward

Director

Company registration number: NI606309

M. POULTRY SERVICES (NI) LIMITED

Notes to the financial statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Suite 21, Dean Swift Building, Armagh Business Park, Armagh, BT60 1HW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 72 (2024: 81 ).

5. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 29 February 2024	127,708	127,708
Additions	60,280	60,280
	_______	_______
At 28 February 2025	187,988	187,988
	_______	_______
Depreciation
At 29 February 2024	28,902	28,902
Charge for the year	31,817	31,817
	_______	_______
At 28 February 2025	60,719	60,719
	_______	_______
Carrying amount
At 28 February 2025	127,269	127,269
	_______	_______
At 28 February 2024	98,806	98,806
	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	606,039	392,551
Other debtors	2,150,910	2,186,505
	_________	_________
	2,756,949	2,579,056
	_________	_________

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	254	1,395
Trade creditors	-	8,155
Corporation tax	85,227	116,132
Social security and other taxes	429,415	397,793
Other creditors	1,003,549	1,009,398
	_________	_________
	1,518,445	1,532,873
	_________	_________

8. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Mushrooms & Poultry Services Limited	68,038	( 327,518)	( 763,050)	( 831,088)
LTK Investments (Ireland) Limited	-	751,129	1,529,684	1,529,684
LTK Investments Limited	364,405	216,695	581,100	216,695
	_______	_______	_______	_______