Silverfin false 31/03/2023 18/01/2022 31/03/2023 Mr M R Gribble 18/01/2022 29 September 2023 The principal activity of the company during the financial year was production of meat and poultry meat products. 13856103 2023-03-31 13856103 bus:Director1 2023-03-31 13856103 core:CurrentFinancialInstruments 2023-03-31 13856103 core:ShareCapital 2023-03-31 13856103 core:RetainedEarningsAccumulatedLosses 2023-03-31 13856103 core:PlantMachinery 2022-01-17 13856103 core:OfficeEquipment 2022-01-17 13856103 2022-01-17 13856103 core:PlantMachinery 2023-03-31 13856103 core:OfficeEquipment 2023-03-31 13856103 bus:OrdinaryShareClass1 2023-03-31 13856103 bus:OrdinaryShareClass2 2023-03-31 13856103 2022-01-18 2023-03-31 13856103 bus:FullAccounts 2022-01-18 2023-03-31 13856103 bus:SmallEntities 2022-01-18 2023-03-31 13856103 bus:AuditExemptWithAccountantsReport 2022-01-18 2023-03-31 13856103 bus:PrivateLimitedCompanyLtd 2022-01-18 2023-03-31 13856103 bus:Director1 2022-01-18 2023-03-31 13856103 core:PlantMachinery 2022-01-18 2023-03-31 13856103 core:OfficeEquipment 2022-01-18 2023-03-31 13856103 bus:OrdinaryShareClass1 2022-01-18 2023-03-31 13856103 bus:OrdinaryShareClass2 2022-01-18 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13856103 (England and Wales)

PRESTON'S BUTCHERS LIMITED

Unaudited Financial Statements
For the financial period from 18 January 2022 to 31 March 2023
Pages for filing with the registrar

PRESTON'S BUTCHERS LIMITED

Unaudited Financial Statements

For the financial period from 18 January 2022 to 31 March 2023

Contents

PRESTON'S BUTCHERS LIMITED

COMPANY INFORMATION

For the financial period from 18 January 2022 to 31 March 2023
PRESTON'S BUTCHERS LIMITED

COMPANY INFORMATION (continued)

For the financial period from 18 January 2022 to 31 March 2023
DIRECTOR Mr M R Gribble
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
COMPANY NUMBER 13856103 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
PRESTON'S BUTCHERS LIMITED

BALANCE SHEET

As at 31 March 2023
PRESTON'S BUTCHERS LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 31.03.2023
£
Fixed assets
Tangible assets 3 9,059
9,059
Current assets
Stocks 3,602
Debtors 4 2,269
Cash at bank and in hand 12,427
18,298
Creditors: amounts falling due within one year 5 ( 10,854)
Net current assets 7,444
Total assets less current liabilities 16,503
Net assets 16,503
Capital and reserves
Called-up share capital 6 100
Profit and loss account 16,403
Total shareholders' funds 16,503

For the financial period ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Preston's Butchers Limited (registered number: 13856103) were approved and authorised for issue by the Director on 29 September 2023. They were signed on its behalf by:

Mr M R Gribble
Director
PRESTON'S BUTCHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 January 2022 to 31 March 2023
PRESTON'S BUTCHERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 January 2022 to 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Preston's Butchers Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Office equipment 25 % reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

2. Employees

Period from
18.01.2022 to
31.03.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 3

3. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 18 January 2022 0 0 0
Additions 12,000 79 12,079
At 31 March 2023 12,000 79 12,079
Accumulated depreciation
At 18 January 2022 0 0 0
Charge for the financial period 3,000 20 3,020
At 31 March 2023 3,000 20 3,020
Net book value
At 31 March 2023 9,000 59 9,059

4. Debtors

31.03.2023
£
Prepayments 33
VAT recoverable 1,901
Other debtors 335
2,269

5. Creditors: amounts falling due within one year

31.03.2023
£
Trade creditors 1,453
Accruals 1,599
Corporation tax 5,471
Other taxation and social security 1,817
Other creditors 514
10,854

6. Called-up share capital

31.03.2023
£
Allotted, called-up and fully-paid
50 A Ordinary shares of £ 1.00 each 50
50 B Ordinary shares of £ 1.00 each 50
100

The shares were issued at par on incorporation of the company.

Ordinary A and Ordinary B shareholders are entitled to one vote per each share held in any circumstances, are entitled to dividend payments and any other distribution and are entitled to participate in a distribution arising from a winding up of the company.