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REGISTERED NUMBER: 07848667 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Westcott Factory Meats Limited

Westcott Factory Meats Limited (Registered number: 07848667)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westcott Factory Meats Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: C M Hayes
J H Dulson





REGISTERED OFFICE: 555 Smithdown Road
Liverpool
Merseyside
L15 5AF





REGISTERED NUMBER: 07848667 (England and Wales)





ACCOUNTANTS: Corbett & Co Accountants Ltd
Chartered Certified Accountants
555 Smithdown Road
Liverpool
Merseyside
L15 5AF

Westcott Factory Meats Limited (Registered number: 07848667)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 186,031 195,914
Investments 5 100 100
186,131 196,014

CURRENT ASSETS
Inventories 17,466 25,186
Debtors 6 202,801 264,339
Cash at bank and in hand 64,171 148,559
284,438 438,084
CREDITORS
Amounts falling due within one year 7 108,872 209,719
NET CURRENT ASSETS 175,566 228,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,697

424,379

CREDITORS
Amounts falling due after more than one year 8 (225,000 ) (250,000 )

PROVISIONS FOR LIABILITIES (10,141 ) (9,906 )
NET ASSETS 126,556 164,473

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 126,456 164,373
126,556 164,473

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.

Westcott Factory Meats Limited (Registered number: 07848667)

Balance Sheet - continued
31 January 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 25 October 2023 and were signed on its behalf by:




C M Hayes - Director



J H Dulson - Director


Westcott Factory Meats Limited (Registered number: 07848667)

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

1. STATUTORY INFORMATION

Westcott Factory 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
Revenue 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance and 10% on cost

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

Stocks
Inventories 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.

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 19 (2022 - 17 ) .

Westcott Factory Meats Limited (Registered number: 07848667)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 178,487 458,034 636,521
Additions - 9,660 9,660
At 31 January 2023 178,487 467,694 646,181
DEPRECIATION
At 1 February 2022 56,347 384,260 440,607
Charge for year 7,224 12,319 19,543
At 31 January 2023 63,571 396,579 460,150
NET BOOK VALUE
At 31 January 2023 114,916 71,115 186,031
At 31 January 2022 122,140 73,774 195,914

5. FIXED ASSET INVESTMENTS

The company has a wholly owned subsidiary, Lockwoods Wholesale Meats (Liverpool) Limited, a
company incorporated in England and Wales.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 5,589 1,684
Other debtors 197,212 262,655
202,801 264,339

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 1,987 -
Trade creditors 101,691 143,432
Taxation and social security 5,006 15,634
Other creditors 188 50,653
108,872 209,719

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 225,000 250,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 225,000 250,000

Westcott Factory Meats Limited (Registered number: 07848667)

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

9. RELATED PARTY DISCLOSURES

The company was owed £147,992 (£196,387 2022) by Lockwoods Wholesale Meats (Liverpool) Limited. The loan is interest free and does not have a set repayment date.