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REGISTERED NUMBER: 06545503 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Southwick Square Meats Limited

Southwick Square Meats Limited (Registered number: 06545503)






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


Southwick Square Meats Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J A Burtenshaw
M J Forrest





SECRETARY: J A Burtenshaw





REGISTERED OFFICE: Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN





REGISTERED NUMBER: 06545503 (England and Wales)





ACCOUNTANT: P.A. Scammell
Accountant
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

Southwick Square Meats Limited (Registered number: 06545503)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 38,000 41,800
Tangible assets 5 7,005 9,804
45,005 51,604

CURRENT ASSETS
Stocks 5,125 4,960
Debtors 6 5,694 6,229
Cash at bank and in hand 43,169 85,924
53,988 97,113
CREDITORS
Amounts falling due within one year 7 44,732 69,478
NET CURRENT ASSETS 9,256 27,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,261

79,239

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,161 79,139
SHAREHOLDERS' FUNDS 54,261 79,239

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.

Southwick Square Meats Limited (Registered number: 06545503)

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 17 October 2023 and were signed on its behalf by:





M J Forrest - Director


Southwick Square Meats Limited (Registered number: 06545503)

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

1. STATUTORY INFORMATION

Southwick Square Meats 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 2008, is being amortised evenly over its estimated useful life of twenty 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 etc - 33% on cost, 25% on cost and 25% 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.

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 3 (2022 - 4 ) .

Southwick Square Meats Limited (Registered number: 06545503)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 95,000
AMORTISATION
At 1 April 2022 53,200
Charge for year 3,800
At 31 March 2023 57,000
NET BOOK VALUE
At 31 March 2023 38,000
At 31 March 2022 41,800

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 33,648
Additions 750
At 31 March 2023 34,398
DEPRECIATION
At 1 April 2022 23,844
Charge for year 3,549
At 31 March 2023 27,393
NET BOOK VALUE
At 31 March 2023 7,005
At 31 March 2022 9,804

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 3,988 4,264
Other debtors 1,706 1,965
5,694 6,229

Southwick Square Meats Limited (Registered number: 06545503)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 12,688 13,034
Taxation and social security 13,604 18,617
Other creditors 18,440 37,827
44,732 69,478