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REGISTERED NUMBER: 03498545 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Melton Meat Limited

Melton Meat Limited (Registered number: 03498545)






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 Certified Accountants' Report 7

Melton Meat Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M S Gale
Mrs M J Gale





REGISTERED OFFICE: Baytree Farm Stygate Lane
Pickwell
Melton Mowbray
Leicestershire
LE14 2QN





REGISTERED NUMBER: 03498545 (England and Wales)





ACCOUNTANTS: Sarah Sear Ltd
1760 Melton Road
Rearsby
Leicester
Leicestershire
LE7 4YS

Melton Meat Limited (Registered number: 03498545)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 280,329 327,247

CURRENT ASSETS
Stocks 231,488 263,968
Debtors 5 720,329 640,314
Cash at bank and in hand 170,160 358,503
1,121,977 1,262,785
CREDITORS
Amounts falling due within one year 6 227,781 446,477
NET CURRENT ASSETS 894,196 816,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,174,525

1,143,555

PROVISIONS FOR LIABILITIES 18,185 20,349
NET ASSETS 1,156,340 1,123,206

CAPITAL AND RESERVES
Called up share capital 7 40,000 40,000
Retained earnings 1,116,340 1,083,206
SHAREHOLDERS' FUNDS 1,156,340 1,123,206

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.

Melton Meat Limited (Registered number: 03498545)

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 16 October 2023 and were signed on its behalf by:





M S Gale - Director


Melton Meat Limited (Registered number: 03498545)

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

1. STATUTORY INFORMATION

Melton Meat 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in th UK and Republic of Ireland" and the Companies Act 2006.

The nature of the company's operations and principal activities are that of an abattoir.

The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest pound (£)

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.
Wind turbine - 5% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Melton Meat Limited (Registered number: 03498545)

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

2. ACCOUNTING POLICIES - continued

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.

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 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Wind Plant and and
turbine machinery fittings
£    £    £   
COST
At 1 April 2022 257,753 717,283 148,866
Additions - - 1,345
At 31 March 2023 257,753 717,283 150,211
DEPRECIATION
At 1 April 2022 115,993 577,268 134,074
Charge for year 12,888 24,810 3,228
At 31 March 2023 128,881 602,078 137,302
NET BOOK VALUE
At 31 March 2023 128,872 115,205 12,909
At 31 March 2022 141,760 140,015 14,792

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 205,241 2,527 1,331,670
Additions - 690 2,035
At 31 March 2023 205,241 3,217 1,333,705
DEPRECIATION
At 1 April 2022 176,102 986 1,004,423
Charge for year 7,284 743 48,953
At 31 March 2023 183,386 1,729 1,053,376
NET BOOK VALUE
At 31 March 2023 21,855 1,488 280,329
At 31 March 2022 29,139 1,541 327,247

Melton Meat Limited (Registered number: 03498545)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 634,893 555,735
Other debtors 85,436 84,579
720,329 640,314

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 120,657 280,680
Taxation and social security 18,396 24,904
Other creditors 88,728 140,893
227,781 446,477

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
40,000 Ordinary £1 40,000 40,000

8. OTHER FINANCIAL COMMITMENTS

Total minimum lease payments under operating leases are £36,000 (2022 : £36,000)

9. RELATED PARTY DISCLOSURES

During the year the company loaned £50,000 (2022:Nil) to a company which has a common director and shareholder.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Melton Meat 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 Melton Meat Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Melton Meat 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 Melton Meat Limited and state those matters that we have agreed to state to the Board of Directors of Melton Meat Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Melton Meat 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 Melton Meat Limited. You consider that Melton Meat 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 Melton Meat 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.






Sarah Sear Ltd
1760 Melton Road
Rearsby
Leicester
Leicestershire
LE7 4YS


16 October 2023