2 01/05/2024 30/04/2025 2025-04-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-05-01 Sage Accounts Production 24.1 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP NI072381 2024-05-01 2025-04-30 NI072381 2025-04-30 NI072381 2024-04-30 NI072381 2023-05-01 2024-04-30 NI072381 2024-04-30 NI072381 2023-04-30 NI072381 core:FurnitureFittingsToolsEquipment 2024-05-01 2025-04-30 NI072381 core:MotorVehicles 2024-05-01 2025-04-30 NI072381 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 NI072381 bus:Director1 2024-05-01 2025-04-30 NI072381 core:WithinOneYear 2025-04-30 NI072381 core:WithinOneYear 2024-04-30 NI072381 core:ShareCapital 2025-04-30 NI072381 core:ShareCapital 2024-04-30 NI072381 core:RetainedEarningsAccumulatedLosses 2025-04-30 NI072381 core:RetainedEarningsAccumulatedLosses 2024-04-30 NI072381 bus:OrdinaryShareClass1 core:ShareCapital 2025-04-30 NI072381 bus:OrdinaryShareClass1 core:ShareCapital 2024-04-30 NI072381 bus:SmallEntities 2024-05-01 2025-04-30 NI072381 bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 NI072381 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 NI072381 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 NI072381 bus:AbridgedAccounts 2024-05-01 2025-04-30
Company registration number: NI072381
McKnight Dairy Services Limited
Unaudited filleted abridged financial statements
for the year ended
30 April 2025
McKnight Dairy Services Limited
Contents
Abridged statement of financial position
Notes to the financial statements
McKnight Dairy Services Limited
Abridged statement of financial position
30 April 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 59,822 |  |  |  | 34,762 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 59,822 |  |  |  | 34,762
Current assets |  |  |  |  |  |  |  |  |
Stocks |  |  | 3,195 |  |  |  | 2,700 |  |
Debtors |  |  | 678,450 |  |  |  | 745,426 |  |
Cash at bank and in hand |  |  | 802,992 |  |  |  | 663,643 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 1,484,637 |  |  |  | 1,411,769 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  |  | ( 1,185,486) |  |  |  | ( 1,084,380) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 299,151 |  |  |  | 327,389
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 358,973 |  |  |  | 362,151
Provisions for liabilities |  |  |  |  | ( 4,380) |  |  |  | ( 8,690)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 354,593 |  |  |  | 353,461
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  | 6 |  |  | 1 |  |  |  | 1
Profit and loss account |  |  |  |  | 354,592 |  |  |  | 353,460
|  |  |  |  | _______ |  |  |  | _______
Shareholder funds |  |  |  |  | 354,593 |  |  |  | 353,461
|  |  |  |  | _______ |  |  |  | _______

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 08 April 2026 , and are signed on behalf of the board by:
Mr J McKnight
Director
Company registration number: NI072381
McKnight Dairy Services Limited
Notes to the financial statements
Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 32 East Bridge Street, Enniskillen, Co. Fermanagh, BT74 7BT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on a going concern basis under the historical cost convention.The company has availed of the exemption in FRS 102 from the requirement to prepare a Cash Flow Statement because it is classified as a small company.The financial statements are prepared in sterling, which is the functional currency of the entity.
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. Significant judgements:There are no critical judgements in applying the entity's accounting policies. Key sources of estimation uncertainty:There are no critical accounting estimates and assumptions.
Turnover
Turnover is measured at fair value of the consideration received or receivable for the supply of services, net of discounts and Value Added Tax.Revenue from the provision of services is recognised in the income statement on the delivery of those services based on the proportion of total delivered at the balance sheet date; 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.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.
Tangible assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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:

| Fittings fixtures and equipment | - | 25 % | reducing balance
| Motor vehicles | - | 25 % | reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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 stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only enters into basic financial instruments transactions that result in recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short term instrument constitute a financing transaction, like the payment of trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank facilities, are initially valued at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest rate method, less any impairment.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets

|  | £ |  |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 May 2024 | 52,448 |  |  |  |  |  |
| Additions | 45,000 |  |  |  |  |  |
|  | _______ |  |  |  |  |  |
| At 30 April 2025 | 97,448 |  |  |  |  |  |
|  | _______ |  |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 May 2024 | 17,686 |  |  |  |  |  |
| Charge for the year | 19,940 |  |  |  |  |  |
|  | _______ |  |  |  |  |  |
| At 30 April 2025 | 37,626 |  |  |  |  |  |
|  | _______ |  |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 30 April 2025 | 59,822 |  |  |  |  |  |
|  | _______ |  |  |  |  |  |
| At 30 April 2024 | 34,762 |  |  |  |  |  |
|  | _______ |  |  |  |  |  |

6. Called up share capital
Issued, called up and fully paid

|  |  | 2025 |  |  |  | 2024 |  |
|  |  | No |  | £ |  | No |  | £
| Ordinary shares of £ 1.00 each |  | 1 |  | 1 |  | 1 |  | 1
|  |  | _______ |  | _______ |  | _______ |  | _______