Kilnaslee Pigs Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI626305

Kilnaslee Pigs Limited

Filleted Unaudited Financial Statements

31 January 2026

Kilnaslee Pigs Limited

Statement of Financial Position

31 January 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	5	763,433	646,870

Current assets

Stocks		334,375	318,625
Debtors	6	62,770	34,016
Cash at bank and in hand		131,702	99,707
		---------	---------
		528,847	452,348

Creditors: amounts falling due within one year	7	292,494	336,912
		---------	---------
Net current assets		236,353	115,436
		---------	---------
Total assets less current liabilities		999,786	762,306

Creditors: amounts falling due after more than one year	8	13,760	27,992

Provisions

Taxation including deferred tax	70,672	65,894
	---------	---------
Net assets	915,354	668,420
	---------	---------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	914,354	667,420
	---------	---------
Shareholders funds	915,354	668,420
	---------	---------

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 income statement has not been delivered.

For the year ending 31 January 2026 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 .

Kilnaslee Pigs Limited

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 16 October 2026 , and are signed on behalf of the board by:

Mr G Cuddy	Mrs H M Cuddy
Director	Director

Company registration number: NI626305

Kilnaslee Pigs Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 102 Killyharry Road, Dungannon, County Tyrone, BT70 3BQ, Northern Ireland. The principal activity of the company is the raising of pigs.

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.

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 taxation

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:

Land and buildings	-	5% straight line
Plant and machinery	-	10% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

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.

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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2025: 6 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 1 February 2025	445,912	397,199	843,111
Additions	126,048	52,436	178,484
Disposals	–	( 3,991)	( 3,991)
	---------	---------	------------
At 31 January 2026	571,960	445,644	1,017,604
	---------	---------	------------
Depreciation
At 1 February 2025	62,617	133,624	196,241
Charge for the year	28,598	31,410	60,008
Disposals	–	( 2,078)	( 2,078)
	---------	---------	------------
At 31 January 2026	91,215	162,956	254,171
	---------	---------	------------
Carrying amount
At 31 January 2026	480,745	282,688	763,433
	---------	---------	------------
At 31 January 2025	383,295	263,575	646,870
	---------	---------	------------

6. Debtors

	2026	2025
	£	£
Trade debtors	47,828	25,533
Other debtors	14,942	8,483
	--------	--------
	62,770	34,016
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	3,508	10,648
Trade creditors	188,397	185,919
Social security and other taxes	72,086	63,843
Other creditors	28,503	76,502
	---------	---------
	292,494	336,912
	---------	---------

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

	2026	2025
	£	£
Bank loans and overdrafts	–	3,232
Other creditors	13,760	24,760
	--------	--------
	13,760	27,992
	--------	--------

9. Directors' advances, credits and guarantees

During the year the company repaid the directors £47,999. At the 31 January 2026, the aggregate balance owed to the directors was £17,503. (2025: £65,502).