REGISTERED NUMBER: 11919266 (England and Wales)

IRONBUSH DAIRY FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 6 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

T M Scannell

L P Scannell

M J Scannell

SECRETARY:

T M Scannell

REGISTERED OFFICE:

Newbold 333 Dairy Farm

Newbold Lane

Burrough On The Hill

Melton Mowbray

Leicestershire

LE14 2QY

REGISTERED NUMBER:

11919266 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

FIXED ASSETS

Property, plant and equipment

4

370,680

375,707

CURRENT ASSETS

Inventories

180,030

184,794

Debtors

5

59,133

49,432

Investments

6

15,846

11,308

255,009

245,534

CREDITORS

Amounts falling due within one year

7

233,391

234,049

NET CURRENT ASSETS

21,618

11,485

TOTAL ASSETS LESS CURRENT LIABILITIES

392,298

387,192

CREDITORS

Amounts falling due after more than one year

8

(100,523

)

(89,159

)

PROVISIONS FOR LIABILITIES

(56,137

)

(58,339

)

NET ASSETS

235,638

239,694

CAPITAL AND RESERVES

Called up share capital

10

90

90

Retained earnings

235,548

239,604

SHAREHOLDERS' FUNDS

235,638

239,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 6 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 6 April 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 29 December 2025 and were signed on its behalf by:

M J Scannell - Director

1.	STATUTORY INFORMATION

Ironbush Dairy Farm 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. The financial statements have been prepared under the historical cost convention.

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

-

25% on reducing balance and 15% on reducing balance

Property, plant and equipment is 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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.

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 3 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 7 April 2024

550,551

Additions

104,774

Disposals

(40,107

)

At 6 April 2025

615,218

DEPRECIATION

At 7 April 2024

174,844

Charge for year

94,465

Eliminated on disposal

(24,771

)

At 6 April 2025

244,538

NET BOOK VALUE

At 6 April 2025

370,680

At 6 April 2024

375,707

The net book value of property, plant and equipment includes £196,349 (2023: 176,842) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

39,710

20,766

Other debtors

15,220

23,789

Prepayments

4,203

4,877

59,133

49,432

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Other

15,846

11,308

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

52,476

22,248

Hire purchase contracts

35,124

37,608

Trade creditors

85,881

68,060

Tax

1,250

131

Social security and other taxes

1,762

13,979

Directors' current accounts

41,030

81,182

Accrued expenses

15,868

10,841

233,391

234,049

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

100,523

89,159

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

52,476

22,248

Hire purchase contracts

135,647

126,767

188,123

149,015

The bank overdraft is secured by way of a fixed and floating charge over all assets of the company.

The hire purchase liabilities are secured over the assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

90

Ordinary

£1

90

90