S & L Hatcheries Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06989621 (England and Wales)

S & L HATCHERIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

J D Chandler

J Chandler

REGISTERED OFFICE:

Lodge Farm

Six Hills Lane

Old Dalby

Melton Mowbray

Leicestershire

LE14 3NB

REGISTERED NUMBER:

06989621 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

FIXED ASSETS

Property, plant and equipment

4

5,000

5,714

Investments

5

1,355,936

1,145,373

1,360,936

1,151,087

CURRENT ASSETS

Inventories

172,611

231,128

Debtors

6

2,614,165

2,403,402

Cash at bank

75,103

53,654

2,861,879

2,688,184

CREDITORS

Amounts falling due within one year

7

641,100

665,080

NET CURRENT ASSETS

2,220,779

2,023,104

TOTAL ASSETS LESS CURRENT LIABILITIES

3,581,715

3,174,191

PROVISIONS FOR LIABILITIES

1,250

1,429

NET ASSETS

3,580,465

3,172,762

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

3,580,365

3,172,662

SHAREHOLDERS' FUNDS

3,580,465

3,172,762

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 15 December 2025 and were signed on its behalf by:

J D Chandler - Director

1.	STATUTORY INFORMATION

S & L Hatcheries 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

On 22 August 2025 the trade and assets were sold to a third party and S & L Hatcheries Limited ceased to trade, therefore the financial statements have been prepared on a basis other than that of the going concern basis.

Revenue

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

Property, plant and equipment

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

Plant and machinery etc

-

12.5% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Inventories

Inventories are valued at the lower of cost and fair value less costs to complete and sell, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 2 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

49,914

DEPRECIATION

At 1 April 2024

44,200

Charge for year

714

At 31 March 2025

44,914

NET BOOK VALUE

At 31 March 2025

5,000

At 31 March 2024

5,714

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

1,145,373

Share of profit/(loss)

210,563

At 31 March 2025

1,355,936

NET BOOK VALUE

At 31 March 2025

1,355,936

At 31 March 2024

1,145,373

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

2,595,696

2,388,965

Other debtors

11,650

14,437

Directors' current accounts

6,451

-

Prepayments

368

-

2,614,165

2,403,402

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

310,666

370,648

Taxation

327,530

282,699

Accrued expenses

2,904

11,733

641,100

665,080

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

J D Chandler

Balance outstanding at start of year

-

1,613

Amounts advanced

6,451

Amounts repaid

-

(8,064

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

6,451

-

The directors' loan is interest free and has been repaid since the year end.

10.	POST BALANCE SHEET EVENTS

On 22 August 2025 the trade and assets were sold to a third party for £1,179,765 and S & L Hatcheries Limited ceased to trade.