REGISTERED NUMBER: 04626766 (England and Wales)

NORTHIAM DAIRY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A R J Cyster

REGISTERED OFFICE:

Unit 7

Pickhill Business Centre

Smallhythe Road

Tenterden

Kent

TN30 7LZ

REGISTERED NUMBER:

04626766 (England and Wales)

ACCOUNTANTS:

Busbys

Chartered Accountants

Unit 7

Pickhill Business Centre

Smallhythe Road

Tenterden

Kent

TN30 7LZ

FIXED ASSETS

Tangible assets

4

258,853

183,696

CURRENT ASSETS

Stocks

81,631

74,428

Debtors

5

515,148

525,265

Cash at bank and in hand

258,795

225,891

855,574

825,584

CREDITORS

Amounts falling due within one year

6

631,517

556,800

NET CURRENT ASSETS

224,057

268,784

TOTAL ASSETS LESS CURRENT LIABILITIES

482,910

452,480

CREDITORS

Amounts falling due after more than one year

7

(9,961

)

(38,930

)

PROVISIONS FOR LIABILITIES

(64,714

)

(45,924

)

NET ASSETS

408,235

367,626

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

408,135

367,526

SHAREHOLDERS' FUNDS

408,235

367,626

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 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.

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 5 December 2025 and were signed by:

A R J Cyster - Director

1.	STATUTORY INFORMATION

Northiam Dairy 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is calculated on a monthly basis at the following rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 33 (2024 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

234,438

264,120

5,661

504,219

Additions

9,620

123,810

-

133,430

Disposals

-

(52,985

)

-

(52,985

)

At 31 March 2025

244,058

334,945

5,661

584,664

DEPRECIATION

At 1 April 2024

162,286

152,576

5,661

320,523

Charge for year

11,367

41,532

-

52,899

Eliminated on disposal

-

(47,611

)

-

(47,611

)

At 31 March 2025

173,653

146,497

5,661

325,811

NET BOOK VALUE

At 31 March 2025

70,405

188,448

-

258,853

At 31 March 2024

72,152

111,544

-

183,696

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

95,375

DEPRECIATION

At 1 April 2024

20,111

Charge for year

18,817

At 31 March 2025

38,928

NET BOOK VALUE

At 31 March 2025

56,447

At 31 March 2024

75,264

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

323,718

362,698

Other debtors

191,430

162,567

515,148

525,265

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,458

10,167

Hire purchase contracts

18,513

17,627

Trade creditors

212,362

120,322

Taxation and social security

-

43,987

Other creditors

390,184

364,697

631,517

556,800

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,601

13,058

Hire purchase contracts

7,360

25,872

9,961

38,930

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

Other creditors include a loan from the director of £381,216 (2024: £356,631).