Taleifion Dairy Limited - Accounts to registrar (filleted) - small 23.1.2

Taleifion Dairy Limited - Accounts to registrar (filleted) - small 23.1.2


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REGISTERED NUMBER: 08931827 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Taleifion Dairy Limited

Taleifion Dairy Limited (Registered number: 08931827)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Taleifion Dairy Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr G L Williams
Mrs B L Williams





REGISTERED OFFICE: Maes Alaw
Tremadog
Porthmadog
Gwynedd
LL49 9PS





REGISTERED NUMBER: 08931827 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Taleifion Dairy Limited (Registered number: 08931827)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 751 939

CURRENT ASSETS
Stocks 691 243
Debtors 5 12,571 10,338
Cash at bank and in hand 11,722 25,604
24,984 36,185
CREDITORS
Amounts falling due within one year 6 25,447 36,248
NET CURRENT LIABILITIES (463 ) (63 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

288

876

PROVISIONS FOR LIABILITIES 143 178
NET ASSETS 145 698

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 45 598
SHAREHOLDERS' FUNDS 145 698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Taleifion Dairy Limited (Registered number: 08931827)

Balance Sheet - continued
31 March 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:




Mr G L Williams - Director



Mrs B L Williams - Director


Taleifion Dairy Limited (Registered number: 08931827)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Taleifion Dairy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The Directors have considered the basis for preparing the Financial Statements and the accounts have thus been prepared on the assumption that the company is able to carry on its business as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery - 20% reducing balance.

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts
recognized in respect of impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. 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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Taleifion Dairy Limited (Registered number: 08931827)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 2,011
DEPRECIATION
At 1 April 2022 1,072
Charge for year 188
At 31 March 2023 1,260
NET BOOK VALUE
At 31 March 2023 751
At 31 March 2022 939

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 12,173 9,599
Other debtors 398 739
12,571 10,338

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 9,178 8,126
Taxation and social security 4,682 3,547
Other creditors 11,587 24,575
25,447 36,248

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,258 were paid to the directors .

The directors received contributions of £2,056 from the company during the year to 31 March 2023 towards the utility and power costs of the dairy buildings.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Taleifion Dairy Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Taleifion Dairy Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Taleifion Dairy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Taleifion Dairy Limited and state those matters that we have agreed to state to the Board of Directors of Taleifion Dairy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Taleifion Dairy Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Taleifion Dairy 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 profit of Taleifion Dairy Limited. You consider that Taleifion Dairy 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 Taleifion Dairy 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.






Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


Date: .............................................