Drumgowna Poultry Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI630044

Drumgowna Poultry Ltd

Filleted Unaudited Financial Statements

30 June 2025

Drumgowna Poultry Ltd

Statement of Financial Position

30 June 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	1,206,605	651,315

Current assets

Stocks		2,000	–
Debtors	6	229,604	701,469
Cash at bank and in hand		29,312	40,389
		---------	---------
		260,916	741,858

Creditors: amounts falling due within one year	7	580,987	1,008,745
		---------	------------
Net current liabilities		320,071	266,887
		------------	---------
Total assets less current liabilities		886,534	384,428

Creditors: amounts falling due after more than one year	8	690,193	11,836

Provisions	23,210	53,205
	---------	---------
Net assets	173,131	319,387
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	173,031	319,287
	---------	---------
Shareholders funds	173,131	319,387
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Drumgowna Poultry Ltd

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 8 December 2025 , and are signed on behalf of the board by:

Mr G Aiken	Mrs A Aiken
Director	Director

Company registration number: NI630044

Drumgowna Poultry Ltd

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 76 Procklis Road, Corlave, Kesh, Enniskillen, County Fermanagh, BT93 1JB. The principal activity of the business is the raising of poultry.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the Statement of Financial Position date. Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	10% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 4 ).

5. Tangible assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 July 2024	534,100	378,304	912,404
Additions	–	683,654	683,654
Disposals	–	( 70,191)	( 70,191)
	---------	---------	------------
At 30 June 2025	534,100	991,767	1,525,867
	---------	---------	------------
Depreciation
At 1 July 2024	73,810	187,279	261,089
Charge for the year	10,682	84,110	94,792
Disposals	–	( 36,619)	( 36,619)
	---------	---------	------------
At 30 June 2025	84,492	234,770	319,262
	---------	---------	------------
Carrying amount
At 30 June 2025	449,608	756,997	1,206,605
	---------	---------	------------
At 30 June 2024	460,290	191,025	651,315
	---------	---------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	211,827	72,469
Other debtors	17,777	629,000
	---------	---------
	229,604	701,469
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	143,070	10,651
Trade creditors	230,657	786,502
Social security and other taxes	–	41,394
Other creditors	207,260	170,198
	---------	------------
	580,987	1,008,745
	---------	------------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	639,539	11,836
Other creditors	50,654	–
	---------	--------
	690,193	11,836
	---------	--------

9. Directors' advances, credits and guarantees

During the year the directors advanced £12,735 from the company. Balance owed to the directors as at the 30 June 2025 was £182,933, (2024: £170,198).