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REGISTERED NUMBER: 05849248 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

R & M Meats Limited

R & M Meats Limited (Registered number: 05849248)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

R & M Meats Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: J R Emmott
M D Harrison





REGISTERED OFFICE: Unit 30 E and F, Off Park Road
Whitley Street
Bingley
West Yorkshire
BD16 4JG





REGISTERED NUMBER: 05849248 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

R & M Meats Limited (Registered number: 05849248)

Statement of Financial Position
30 September 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,008 19,859
16,008 19,859

CURRENT ASSETS
Stocks 6 15,600 7,162
Debtors 7 54,502 57,475
Cash at bank and in hand 61,766 86,349
131,868 150,986
CREDITORS
Amounts falling due within one year 8 (92,617 ) (104,126 )
NET CURRENT ASSETS 39,251 46,860
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,259

66,719

PROVISIONS FOR LIABILITIES 9 (4,002 ) (3,773 )
NET ASSETS 51,257 62,946

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 51,255 62,944
SHAREHOLDERS' FUNDS 51,257 62,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income and Retained Earnings has not been delivered.

R & M Meats Limited (Registered number: 05849248)

Statement of Financial Position - continued
30 September 2023



The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:




J R Emmott - Director



M D Harrison - Director


R & M Meats Limited (Registered number: 05849248)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

R & M 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 represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been amortised fully over its estimated useful life of 5 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.


R & M Meats Limited (Registered number: 05849248)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 36,000
AMORTISATION
At 1 October 2022
and 30 September 2023 36,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022
and 30 September 2023 36,422 48,695 765 85,882
DEPRECIATION
At 1 October 2022 25,282 40,268 473 66,023
Charge for year 1,671 2,107 73 3,851
At 30 September 2023 26,953 42,375 546 69,874
NET BOOK VALUE
At 30 September 2023 9,469 6,320 219 16,008
At 30 September 2022 11,140 8,427 292 19,859

R & M Meats Limited (Registered number: 05849248)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. STOCKS
30.9.23 30.9.22
£    £   
Stocks 15,600 7,162

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 48,571 53,708
Other debtors - 39
VAT 2,672 889
Prepayments 3,259 2,839
54,502 57,475

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 32,584 43,521
Tax 14,159 14,977
Other creditors 4,848 4,468
Directors' current accounts 41,026 41,160
92,617 104,126

9. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 4,002 3,773

Deferred
tax
£   
Balance at 1 October 2022 3,773
Charge to Statement of Income and Retained Earnings during year 229
Balance at 30 September 2023 4,002

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme on behalf on certain employees. The total pension costs charged to the profit and loss account for the year was £1,375 (2022: £1,365).

There was an outstanding contribution owing at the end of the financial year of £Nil (2022: £Nil).

11. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their shareholding.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
R & M Meats 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 Statement of Financial Position. 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 R & M Meats Limited for the year ended 30 September 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R & M Meats 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 R & M Meats Limited and state those matters that we have agreed to state to the Board of Directors of R & M Meats Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R & M Meats Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R & M Meats 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 R & M Meats Limited. You consider that R & M Meats 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 R & M Meats 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.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


18 October 2023