Turkington Livestock Systems Limited 28/02/2022 iXBRL
Turkington Livestock Systems Limited 28/02/2022 iXBRL
Company registration number:
NI012186
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Accountants |
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79 Cunninghams Lane | ||
Dungannon | ||
Co Tyrone | ||
BT71 6BX | ||
Bankers |
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38 James Street | ||
Cookstown | ||
Co Tyrone | ||
BT80 8LX | ||
Solicitors |
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Garvey Studios | ||
8-10 Longstone Street | ||
Lisburn | ||
BT28 1TP | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Turkington Livestock Systems Limited
Year ended 28 February 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Turkington Livestock Systems Limited for the year ended 28 February 2022 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of Turkington Livestock Systems Limited, as a body, in accordance with the terms of our engagement letter dated 1 July 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Turkington Livestock Systems Limited and state those matters that we have agreed to state to the board of directors of Turkington Livestock Systems Limited as a body, in this report in accordance with the requirements of Chartered Accountants Ireland, as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Turkington Livestock Systems Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Turkington Livestock Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Turkington Livestock Systems Limited. You consider that Turkington Livestock Systems Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Turkington Livestock Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
79 Cunninghams Lane
Dungannon
Co Tyrone
BT71 6BX
13 December 2022
Abridged statement of financial position
28 February 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 | - |
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Current assets | |||||||||
Debtors |
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Investments | 6 | - |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 7 | - |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
13 December 2022
, and are signed on behalf of the board by:
Director
Company registration number:
NI012186
Notes to the financial statements
Year ended 28 February 2022
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Turkington Livestock Systems Limited, Tullylagan Road, Cookstown, Sandholes, Co Tyrone, BT80 9AY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
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.
Taxation
Tangible assets
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 | - |
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Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Impairment
Government grants
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2021:
9
).
5.
Tangible assets
£ | ||
Cost | ||
At 1 March 2021 |
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Disposals |
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At 28 February 2022 | - | |
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Depreciation | ||
At 1 March 2021 |
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Charge for the year |
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Disposals |
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At 28 February 2022 | - | |
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Carrying amount | ||
At 28 February 2022 | - | |
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At 28 February 2021 |
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6.
Investments
2022 | 2021 | |||
£ | £ | |||
Other investments | - | 21,915 | ||
_________ | _________ | |||
7.
Creditors: amounts falling due after more than one year
A bounce back loan of £Nil (2021: £50,000) is guaranteed by the UK Government under the Bounce Back Loan Scheme. The loan is repayable over 6 years with a rate of interest of 2.5%.
8.
Controlling party
The directors regard Willow Farm Holdings Ltd, which is registered in Northern Ireland, to be the company's ultimate parent. Willow Farm Holdings Ltd has a 100% interest in the ordinary share capital of
Turkington Livestock Systems Limited
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