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BALLYARDS POULTRY - Company Information

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Ballyards Poultry

Registered Number:NI623439

For the year ended 31 March 2022

Northern Ireland

Unaudited Financial Statements

For the year ended 31 March 2022

Ballyards Poultry

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

NI623439

As at 31 March 2022

Ballyards Poultry

Statement of Financial Position

2021

2022

Notes

Fixed assets

Property, plant and equipment

303,732

316,104

303,732

316,104

Current assets

Trade and other receivables

58,867

71,800

11,801

Cash and cash equivalents

71,800

70,668

Trade and other payables: amounts falling due within one

year

(117,699)

(122,655)

(47,031)

(50,855)

Net current liabilities

Total assets less current liabilities

252,877

269,073

Trade and other payables: amounts falling due after more

than one year

(150,000)

(82,288)

(6,841)

(8,017)

Provisions for liabilities

163,748

Net assets

111,056

Capital and reserves

Called up share capital

Retained earnings

163,744

111,052

163,748

111,056

Shareholders' funds

For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of

each financial year and of its profit or loss for each financial year in accordance with the requirements of Section

394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial

statements, so far as applicable to the company.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr James Nicholson Director

These financial statements were approved and authorised for issue by the Board on 28 March 2023 and were signed by:

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Registered Number :

NI623439

For the year ended 31 March 2022

Ballyards Poultry

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 31 March 2022

Ballyards Poultry

Notes to the Financial Statements

Statutory Information

Ballyards Poultry is a private limited company, limited by shares, domiciled in Northern Ireland, registration number

NI623439.

Registered address:

147 Keady Road

Armagh

BT60 3AE

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

20 Reducing balance

15 Reducing balance

Furniture and Fittings

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 April 2021

20,000

At 31 March 2022

20,000

Amortisation

At 01 April 2021

20,000

At 31 March 2022

20,000

Net book value

At 31 March 2022

At 31 March 2021

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For the year ended 31 March 2022

Ballyards Poultry

Notes to the Financial Statements Continued

3. Property, plant and equipment

Total

Furniture and

Fittings

Plant and

Machinery

Land and

Buildings

Cost or

valuation

At 01 April 2021

481,238

33,250

202,243

245,745

1,400

Additions

At 31 March 2022

245,745

203,643

33,250

482,638

Provision for depreciation and impairment

At 01 April 2021

165,134

21,660

143,474

Charge for year

13,772

1,738

12,034

At 31 March 2022

178,906

23,398

155,508

At 31 March 2022

Net book value

245,745

48,135

9,852

303,732

At 31 March 2021

245,745

58,769

11,590

316,104

4. Trade and other receivables

2021

2022

Trade debtors

61,189

56,511

Other debtors

10,611

2,356

58,867

71,800

5. Trade and other payables: amounts falling due within one year

2021

2022

Bank loans and overdraft

24,950

Trade creditors

49,818

43,445

Amounts owed to group undertaking and undertaking in which the

company has a participating interest

5,000

20,000

Taxation and social security

13,600

Other creditors

42,887

40,654

122,655

117,699

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For the year ended 31 March 2022

Ballyards Poultry

Notes to the Financial Statements Continued

6. Trade and other payables: amounts falling due after more than one year

2021

2022

Bank loans and overdraft

32,288

50,000

Other creditors

50,000

100,000

82,288

150,000

7. Average number of persons employed

During the year the average number of employees was 2 (2021 : 2)

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