Company registration number 07372527 (England and Wales)
CEFN MAWR POULTRY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
CEFN MAWR POULTRY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
CEFN MAWR POULTRY LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
104,948
132,036
Current assets
Debtors
6
9,566
21,141
Cash at bank and in hand
57,810
35,094
67,376
56,235
Creditors: amounts falling due within one year
7
(118,027)
(228,341)
Net current liabilities
(50,651)
(172,106)
Total assets less current liabilities
54,297
(40,070)
Creditors: amounts falling due after more than one year
8
(100,188)
-
0
Provisions for liabilities
(5,124)
(11,371)
Net liabilities
(51,015)
(51,441)
Capital and reserves
Called up share capital
9
2
2
Profit and loss reserves
(51,017)
(51,443)
Total equity
(51,015)
(51,441)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

CEFN MAWR POULTRY LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024
31 October 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 4 September 2025 and are signed on its behalf by:
R S Parker
Director
Company Registration No. 07372527
CEFN MAWR POULTRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
1
Accounting policies
Company information

Cefn Mawr Poultry Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cefn Mawr Bungalow, Monkswood, Usk, Monmouthshire, NP15 1PX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services 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.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
Nil
Plant and machinery
15% Straight line
Motor vehicles
25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

CEFN MAWR POULTRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction p rice.Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CEFN MAWR POULTRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was as follows:

2024
2023
Number
Number
Total
2
2
CEFN MAWR POULTRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2023 and 31 October 2024
200,000
Amortisation and impairment
At 1 November 2023 and 31 October 2024
200,000
Carrying amount
At 31 October 2024
-
0
At 31 October 2023
-
0
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2023
74,885
717,127
792,012
Disposals
-
0
(14,750)
(14,750)
At 31 October 2024
74,885
702,377
777,262
Depreciation and impairment
At 1 November 2023
-
0
659,976
659,976
Depreciation charged in the year
-
0
21,188
21,188
Eliminated in respect of disposals
-
0
(8,850)
(8,850)
At 31 October 2024
-
0
672,314
672,314
Carrying amount
At 31 October 2024
74,885
30,063
104,948
At 31 October 2023
74,885
57,151
132,036
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
5,276
Other debtors
9,566
15,865
9,566
21,141
CEFN MAWR POULTRY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 7 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
21,046
154,597
Trade creditors
72,602
55,085
Taxation and social security
19,258
9,083
Other creditors
5,121
9,576
118,027
228,341

Included within creditors are secured creditors of £21,046 (2023: £154,597).

8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
100,188
-
0

Included within creditors are secured creditors of £100,188 (2023 - £nil).

9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
2024-10-31 2023-11-01 false false false 04 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity R S Parker C J Parker 07372527 2023-11-01 2024-10-31 07372527 2024-10-31 07372527 2023-10-31 07372527 core:LandBuildings 2024-10-31 07372527 core:OtherPropertyPlantEquipment 2024-10-31 07372527 core:LandBuildings 2023-10-31 07372527 core:OtherPropertyPlantEquipment 2023-10-31 07372527 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 07372527 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 07372527 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 07372527 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 07372527 core:CurrentFinancialInstruments 2024-10-31 07372527 core:CurrentFinancialInstruments 2023-10-31 07372527 core:ShareCapital 2024-10-31 07372527 core:ShareCapital 2023-10-31 07372527 core:RetainedEarningsAccumulatedLosses 2024-10-31 07372527 core:RetainedEarningsAccumulatedLosses 2023-10-31 07372527 core:ShareCapitalOrdinaryShareClass1 2024-10-31 07372527 core:ShareCapitalOrdinaryShareClass1 2023-10-31 07372527 bus:Director1 2023-11-01 2024-10-31 07372527 core:Goodwill 2023-11-01 2024-10-31 07372527 core:LandBuildings core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 07372527 core:PlantMachinery 2023-11-01 2024-10-31 07372527 core:MotorVehicles 2023-11-01 2024-10-31 07372527 2022-11-01 2023-10-31 07372527 core:NetGoodwill 2023-10-31 07372527 core:NetGoodwill 2024-10-31 07372527 core:NetGoodwill 2023-10-31 07372527 core:LandBuildings 2023-10-31 07372527 core:OtherPropertyPlantEquipment 2023-10-31 07372527 2023-10-31 07372527 core:LandBuildings 2023-11-01 2024-10-31 07372527 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 07372527 core:WithinOneYear 2024-10-31 07372527 core:WithinOneYear 2023-10-31 07372527 core:Non-currentFinancialInstruments 2024-10-31 07372527 core:Non-currentFinancialInstruments 2023-10-31 07372527 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 07372527 bus:OrdinaryShareClass1 2024-10-31 07372527 bus:OrdinaryShareClass1 2023-10-31 07372527 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07372527 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07372527 bus:FRS102 2023-11-01 2024-10-31 07372527 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 07372527 bus:Director2 2023-11-01 2024-10-31 07372527 bus:FullAccounts 2023-11-01 2024-10-31 xbrli:pure xbrli:shares iso4217:GBP