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REGISTERED NUMBER: 09511566 (England and Wales)











D & R Meats Holdings Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2023






D & R Meats Holdings Ltd (Registered number: 09511566)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D & R Meats Holdings Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: D M Davis
M D Davis





REGISTERED OFFICE: Unit 10B
Old Arley Industrial Estate
Old Arley
Warwickshire
CV7 8HN





REGISTERED NUMBER: 09511566 (England and Wales)





ACCOUNTANTS: Haines Watts Tamworth Limited
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

D & R Meats Holdings Ltd (Registered number: 09511566)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 224,654 252,734
Tangible assets 5 45,468 51,618
Investments 6 2 2
270,124 304,354

CURRENT ASSETS
Debtors 7 215,078 59,620
Cash at bank 21,497 16,676
236,575 76,296
CREDITORS
Amounts falling due within one year 8 327,718 368,907
NET CURRENT LIABILITIES (91,143 ) (292,611 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,981

11,743

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 178,881 11,643
SHAREHOLDERS' FUNDS 178,981 11,743

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:





D M Davis - Director


D & R Meats Holdings Ltd (Registered number: 09511566)

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


1. STATUTORY INFORMATION

D & R Meats Holdings Ltd 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 accounts have been prepared on a going concern basis with the continued support of the directors.

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 2021, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

D & R Meats Holdings Ltd (Registered number: 09511566)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 280,816
AMORTISATION
At 1 February 2022 28,082
Charge for year 28,080
At 31 January 2023 56,162
NET BOOK VALUE
At 31 January 2023 224,654
At 31 January 2022 252,734

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 68,819
Additions 9,000
At 31 January 2023 77,819
DEPRECIATION
At 1 February 2022 17,201
Charge for year 15,150
At 31 January 2023 32,351
NET BOOK VALUE
At 31 January 2023 45,468
At 31 January 2022 51,618

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 2
NET BOOK VALUE
At 31 January 2023 2
At 31 January 2022 2

D & R Meats Holdings Ltd (Registered number: 09511566)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,175 -
Amounts owed by group undertakings 178,636 43,793
Other debtors 21,267 15,827
215,078 59,620

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,554 8,109
Amounts owed to group undertakings - 38,678
Taxation and social security 8,446 1,066
Other creditors 314,718 321,054
327,718 368,907

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Number: Class: Nominal value: 2023 2022
£ £
25 Ordinary A £1 25 25
25 Ordinary B £1 25 25
25 Ordinary C £1 25 25
25 Ordinary D £1 25 25
100 100

The shares rank pari passu with regards to voting rights, dividend payments or any other distribution and are entitled to pari passu to participate in a distribution arising from a winding up of the company.

10. RELATED PARTY DISCLOSURES

During the year the director made loans to the company, these are interest free and repayable on demand. The balance at the year end was £304,685 (2022 - £311,938).

During the year the company received loans from, and made loans to, D&R Meats Ltd, a company which the director has an interest in. These loans were interest free and repayable on demand. The balance at the year end was £452 receivable (2022 - £38,678 payable).

During the year D&R Meats Wholesale Ltd, a company which the director has an interest in, received loans from the company. These loans were interest free and repayable on demand. The balance at the year end was £178,184 (2022 - £43,793).