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REGISTERED NUMBER: 06527688 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

J.E. PEDERSEN (MASTER BUTCHER) LIMITED

J.E. PEDERSEN (MASTER BUTCHER) LIMITED (REGISTERED NUMBER: 06527688)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.E. PEDERSEN (MASTER BUTCHER) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: J Pedersen





SECRETARY: Mrs T Pedersen





REGISTERED OFFICE: 2 Maltings Cottages
The Maltings
Ramsey
Essex
CO12 5LN





REGISTERED NUMBER: 06527688 (England and Wales)





ACCOUNTANTS: Baker Chapman & Bussey
Chartered Accountants
3 North Hill
Colchester
Essex
CO1 1DZ

J.E. PEDERSEN (MASTER BUTCHER) LIMITED (REGISTERED NUMBER: 06527688)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 228,024 222,431
228,024 222,431

CURRENT ASSETS
Stocks 12,455 11,817
Debtors 6 15,477 5,651
Cash at bank and in hand 48,942 102,240
76,874 119,708
CREDITORS
Amounts falling due within one year 7 25,584 55,471
NET CURRENT ASSETS 51,290 64,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,314

286,668

CREDITORS
Amounts falling due after more than one
year

8

(60,933

)

(67,205

)

PROVISIONS FOR LIABILITIES (21,679 ) (21,233 )
NET ASSETS 196,702 198,230

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 196,701 198,229
SHAREHOLDERS' FUNDS 196,702 198,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

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 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.

J.E. PEDERSEN (MASTER BUTCHER) LIMITED (REGISTERED NUMBER: 06527688)

BALANCE SHEET - continued
31 MARCH 2022


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 director and authorised for issue on 2 September 2022 and were signed by:





J Pedersen - Director


J.E. PEDERSEN (MASTER BUTCHER) LIMITED (REGISTERED NUMBER: 06527688)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

J.e. Pedersen (Master Butcher) 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, has been amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

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.

J.E. PEDERSEN (MASTER BUTCHER) LIMITED (REGISTERED NUMBER: 06527688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 25,000
AMORTISATION
At 1 April 2021
and 31 March 2022 25,000
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2021 208,957 45,567 3,260
Additions - 15,334 -
Disposals - (3,550 ) -
At 31 March 2022 208,957 57,351 3,260
DEPRECIATION
At 1 April 2021 1,380 36,902 3,232
Charge for year 1,380 3,972 28
Eliminated on disposal - (3,550 ) -
At 31 March 2022 2,760 37,324 3,260
NET BOOK VALUE
At 31 March 2022 206,197 20,027 -
At 31 March 2021 207,577 8,665 28

J.E. PEDERSEN (MASTER BUTCHER) LIMITED (REGISTERED NUMBER: 06527688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2021 17,995 1,052 276,831
Additions 400 - 15,734
Disposals (11,195 ) - (14,745 )
At 31 March 2022 7,200 1,052 277,820
DEPRECIATION
At 1 April 2021 11,996 890 54,400
Charge for year 4,599 162 10,141
Eliminated on disposal (11,195 ) - (14,745 )
At 31 March 2022 5,400 1,052 49,796
NET BOOK VALUE
At 31 March 2022 1,800 - 228,024
At 31 March 2021 5,999 162 222,431

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 7,559 3,050
Directors' current accounts 1,697 -
VAT 2,470 1,608
Prepayments 3,751 993
15,477 5,651

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 6,272 6,272
Trade creditors 12,561 16,106
Taxation and social security 3,865 22,473
Other creditors 2,886 10,620
25,584 55,471

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 60,933 67,205

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 32,956 39,228

J.E. PEDERSEN (MASTER BUTCHER) LIMITED (REGISTERED NUMBER: 06527688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

2022 2021
£    £   
J Pedersen
Balance outstanding at start of year - -
Amounts advanced 1,697 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,697 -

The overdrawn loan account wa repaid on 24th August 2022, by way of a dividend being declared.