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Registration number: 01429182

Kelly Turkey Breeders Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 9

Kelly Turkey Breeders Limited

Company Information

Directors

P A Kelly

Registered office

Springate Farm Bicknacre Road Danbury Essex CM3 4EP

Bankers

Lloyds TSB plc 77-81 High Street Chelmsford Essex CM1 1BQ

Accountants

Lambert Chapman LLP Chartered Accountants 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Kelly Turkey Breeders Limited

(Registration number: 01429182)
Balance Sheet as at 31 October 2025

	Note	31 October 2025  £	31 October 2024  £
Fixed assets
Tangible assets	4	137,592	115,588
Investments	5	32,515	32,515
Debtors	8	157,545	-
Other financial assets	6	2,000	2,000
		329,652	150,103
Current assets
Stocks	7	65,338	43,402
Debtors	8	2,113,705	7,397,038
Cash at bank and in hand		624,463	572,229
		2,803,506	8,012,669
Creditors: Amounts falling due within one year	9	(1,802,906)	(4,065,511)
Net current assets		1,000,600	3,947,158
Total assets less current liabilities		1,330,252	4,097,261
Creditors: Amounts falling due after more than one year	9	-	(39,010)
Provisions for liabilities		(41,992)	(26,858)
Net assets		1,288,260	4,031,393
Capital and reserves
Called up share capital	10	5,000	5,000
Retained earnings		1,283,260	4,026,393
Shareholders' funds		1,288,260	4,031,393

Kelly Turkey Breeders Limited

(Registration number: 01429182)
Balance Sheet as at 31 October 2025 (continued)

For the financial year ended 31 October 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 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 director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2026
 

P A Kelly
Director

Kelly Turkey Breeders Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: Springate Farm, Bicknacre Road, Danbury, Essex, CM3 4EP.

These financial statements were authorised for issue by the director on 29 September 2026.

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.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of turkey breeding stock and eggs to customers. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

Current Tax is recognised in the profit and loss account, 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 income tax is recognised on temporary material differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Kelly Turkey Breeders Limited

Notes to the Financial Statements for the Year Ended 31 October 2025 (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance basis
Motor vehicles	25% reducing balance basis

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for goods and services sold 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

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.

Share capital

Ordinary shares are classified as equity.

Kelly Turkey Breeders Limited

Notes to the Financial Statements for the Year Ended 31 October 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

4	Tangible assets

	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 November 2024	3,775	395,528	399,303
Additions	70,876	-	70,876
Disposals	(1,275)	(33,860)	(35,135)
At 31 October 2025	73,376	361,668	435,044
Depreciation
At 1 November 2024	1,935	281,780	283,715
Charge for the year	13,502	22,750	36,252
Eliminated on disposal	(1,035)	(21,480)	(22,515)
At 31 October 2025	14,402	283,050	297,452
Carrying amount
At 31 October 2025	58,974	78,618	137,592
At 31 October 2024	1,840	113,748	115,588

5	Investments

	31 October 2025 £	31 October 2024 £
Investments in subsidiaries	32,515	32,515