Registration number: NI642596

DMP Foods Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

DMP Foods Limited

Company Information

Directors

Mr Brendan Doherty Mr Seamus Doherty Mr Terence Doherty Mr Colm Pyers Mr John McCann

Company secretary

Mr Brendan Doherty

Registered office

7 Woodside Industrial Estate Woodside Road Ballymena Co Antrim BT43 4QJ

Accountants

McKeague Morgan & Company Chartered Accountants27 College Gardens Belfast BT9 6BS

DMP Foods Limited

(Registration number: NI642596)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,851,753	1,887,322
Investment property	5	-	117,400
		1,851,753	2,004,722
Current assets
Stocks	6	106,676	130,152
Debtors	7	1,320,467	729,478
Cash at bank and in hand		226,786	293,352
		1,653,929	1,152,982
Creditors: Amounts falling due within one year	8	(487,229)	(465,558)
Net current assets		1,166,700	687,424
Total assets less current liabilities		3,018,453	2,692,146
Creditors: Amounts falling due after more than one year	8	(1,330,433)	(1,283,309)
Provisions for liabilities		(290,193)	(274,345)
Net assets		1,397,827	1,134,492
Capital and reserves
Called up share capital		2	2
Profit and loss account		1,397,825	1,134,490
Total equity		1,397,827	1,134,492

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 22 December 2025 and signed on its behalf by:

.........................................

Mr Brendan Doherty
Company secretary and director

DMP Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
7 Woodside Industrial Estate
Woodside Road
Ballymena
Co Antrim
BT43 4QJ
Northern Ireland

These financial statements were authorised for issue by the Board on 22 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

DMP Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2	Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Long leasehold land and buildings	2% straight line
Plant and machinery	20% straight line
Fxitures and fittings	20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

DMP Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2	Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

DMP Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 28 (2024 - 18).

DMP Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	1,780,168	5,269	913,373	32,907	2,731,717
Additions	-	-	109,541	-	109,541
At 31 March 2025	1,780,168	5,269	1,022,914	32,907	2,841,258
Depreciation
At 1 April 2024	177,944	5,269	661,182	-	844,395
Charge for the year	33,977	-	104,552	6,581	145,110
At 31 March 2025	211,921	5,269	765,734	6,581	989,505
Carrying amount
At 31 March 2025	1,568,247	-	257,180	26,326	1,851,753
At 31 March 2024	1,602,224	-	252,191	32,907	1,887,322

5	Investment properties

	2025 £
At 1 April	117,400
Disposals	(117,400)
At 31 March	-

6

Stocks

	2025 £	2024 £
Other inventories	106,676	130,152

DMP Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

	2025 £	2024 £
Trade debtors	1,094,406	510,422
Prepayments	180,665	173,620
Other debtors	45,396	45,436
	1,320,467	729,478

8

Creditors

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	10	22,661	133,235
HP and finance lease liabilities		3,912	26,446
Trade creditors		311,843	239,755
Corporation tax liability		75,986	14,385
Taxation and social security		27,695	21,683
Accruals and deferred income		45,132	30,054
		487,229	465,558
Due after one year
Loans and borrowings	10	-	23,037
Other creditors		1,330,433	1,260,272
		1,330,433	1,283,309

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

DMP Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	22,661	133,235
Hire purchase contracts	3,912	26,446
	26,573	159,681

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	23,037

Bank borrowings

The bank overdrafts and borrowings are denominated in sterling. The carrying amount at the year end is £22,661 (2024 - £156,272). Bank overdrafts and borrowings are secured by a fixed and floating charge over all of the property and undertaking of the company.

Included within bank borrowings is a total of £4,887 (2024 - £69,705) relating to a Coronavirus Business Interruption Loan (CBIL) Scheme loan. Under this scheme, 80% of the outstanding balance of the loan is guaranteed by The Department of Business, Energy and Industrial Strategy.

DMP Foods Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11	Related party transactions

Summary of transactions with other related parties

Company members
  The company members have advanced loans to the company in prior periods.
 

Loans from related parties

2025	Other related parties £
At start of period	1,260,272
Advanced	603,511
Repaid	(617,349)
Interest transactions	84,000
At end of period	1,330,434

2024	Other related parties £
At start of period	1,123,329
Advanced	778,541
Repaid	(703,598)
Interest transactions	62,000
At end of period	1,260,272