REGISTERED NUMBER: 09605854 (England and Wales)

M & M POULTRY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R H Morris

A H Morris

E F Morris

Mrs J M Morris

REGISTERED OFFICE:

The Coach House

Milton

Pembridge

Leominster

Herefordshire

HR6 9LB

REGISTERED NUMBER:

09605854 (England and Wales)

ACCOUNTANTS:

Davies Edwards & Co

Chartered Certified Accountants

West Lodge

Rainbow Street

Leominster

Herefordshire

HR6 8DQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,226,758

2,437,331

2,226,758

2,437,331

CURRENT ASSETS

Stocks

258,600

851,100

Debtors

6

130,178

111,515

Cash at bank

1,428,789

1,514,163

1,817,567

2,476,778

CREDITORS

Amounts falling due within one year

7

790,928

1,265,245

NET CURRENT ASSETS

1,026,639

1,211,533

TOTAL ASSETS LESS CURRENT LIABILITIES

3,253,397

3,648,864

CREDITORS

Amounts falling due after more than one year

8

-

(1,028,939

)

PROVISIONS FOR LIABILITIES

(159,488

)

(179,585

)

NET ASSETS

3,093,909

2,440,340

CAPITAL AND RESERVES

Called up share capital

10

3

3

Retained earnings

11

3,093,906

2,440,337

SHAREHOLDERS' FUNDS

3,093,909

2,440,340

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.

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 Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:

R H Morris - Director

A H Morris - Director

E F Morris - Director

Mrs J M Morris - Director

1.	STATUTORY INFORMATION

M & M Poultry 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Formation costs

Formation costs were fully amortised in the first period of trading.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Long leasehold

-

2% on cost

Plant and machinery

-

15% on reducing balance

Poultry houses

-

8% on reducing balance

Motor vehicles

-

25% on reducing balance

Office 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

779

AMORTISATION

At 1 April 2024

and 31 March 2025

779

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 April 2024

54,073

8,639

1,017,734

Additions

-

40

255

At 31 March 2025

54,073

8,679

1,017,989

DEPRECIATION

At 1 April 2024

9,199

692

505,951

Charge for year

1,082

174

76,805

At 31 March 2025

10,281

866

582,756

NET BOOK VALUE

At 31 March 2025

43,792

7,813

435,233

At 31 March 2024

44,874

7,947

511,783

Poultry

Motor

Office

houses

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

3,472,517

2,500

250

4,555,713

Additions

-

23,000

-

23,295

At 31 March 2025

3,472,517

25,500

250

4,579,008

DEPRECIATION

At 1 April 2024

1,601,196

1,094

250

2,118,382

Charge for year

149,705

6,102

-

233,868

At 31 March 2025

1,750,901

7,196

250

2,352,250

NET BOOK VALUE

At 31 March 2025

1,721,616

18,304

-

2,226,758

At 31 March 2024

1,871,321

1,406

-

2,437,331

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

69,197

Accrued income

72,570

-

VAT

52,292

36,033

Prepayments

5,316

6,285

130,178

111,515

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

120,000

Trade creditors

108,011

228,682

Tax

269,712

168,328

Other creditor : M & M Power Ltd

-

919

Directors' current accounts

23,400

25,252

Accruals and deferred income

389,805

722,064

790,928

1,265,245

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

120,000

Bank loans - 2-5 years

-

360,000

Bank loans more 5 yr by instal

-

548,939

-

1,028,939

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

548,939

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

1,148,939

HSBC Bank Plc have a fixed and floating charge over all assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

300

Ordinary

1p

3

3

11.

RESERVES

Retained

earnings

£

At 1 April 2024

2,440,337

Profit for the year

653,569

At 31 March 2025

3,093,906

12.	RELATED PARTY DISCLOSURES

A director has granted a lease rental concession to the company during the period.

The directors consider all other transactions to have been conducted at market value and accordingly no disclosures have been made.