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REGISTERED NUMBER: 08988723 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

BREAD & MEAT LIMITED

BREAD & MEAT LIMITED (REGISTERED NUMBER: 08988723)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

BREAD & MEAT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: S Cheney
Mrs M Cheney





SECRETARY: S Cheney





REGISTERED OFFICE: 4 Benet Street
Cambridge
CB2 3QN





REGISTERED NUMBER: 08988723 (England and Wales)





ACCOUNTANTS: Tayabali & White
5 High Green
Great Shelford
Cambridge
Cambridgeshire
CB22 5EG

BREAD & MEAT LIMITED (REGISTERED NUMBER: 08988723)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 2,665 5,676
Tangible assets 4 43,749 34,995
46,414 40,671

CURRENT ASSETS
Stocks 6,450 6,450
Debtors 5 31,185 29,967
Cash at bank and in hand 249,644 283,600
287,279 320,017
CREDITORS
Amounts falling due within one year 6 114,425 152,167
NET CURRENT ASSETS 172,854 167,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,268

208,521

CREDITORS
Amounts falling due after more than one
year

7

(100,000

)

(100,000

)

PROVISIONS FOR LIABILITIES (9,890 ) (6,703 )
NET ASSETS 109,378 101,818

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 109,377 101,817
109,378 101,818

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

BREAD & MEAT LIMITED (REGISTERED NUMBER: 08988723)

BALANCE SHEET - continued
30TH SEPTEMBER 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 7th November 2023 and were signed on its behalf by:





S Cheney - Director


BREAD & MEAT LIMITED (REGISTERED NUMBER: 08988723)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

1. 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 2014, 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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

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, 20% on reducing balance and 10% 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.

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.

BREAD & MEAT LIMITED (REGISTERED NUMBER: 08988723)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 15 ) .

3. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st October 2022
and 30th September 2023 30,000 220 30,220
AMORTISATION
At 1st October 2022 24,500 44 24,544
Charge for year 3,000 11 3,011
At 30th September 2023 27,500 55 27,555
NET BOOK VALUE
At 30th September 2023 2,500 165 2,665
At 30th September 2022 5,500 176 5,676

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st October 2022 26,290 58,288 18,967
Additions - 18,950 -
Disposals - - (595 )
At 30th September 2023 26,290 77,238 18,372
DEPRECIATION
At 1st October 2022 14,979 49,402 14,146
Charge for year 1,131 6,959 1,205
At 30th September 2023 16,110 56,361 15,351
NET BOOK VALUE
At 30th September 2023 10,180 20,877 3,021
At 30th September 2022 11,311 8,886 4,821

BREAD & MEAT LIMITED (REGISTERED NUMBER: 08988723)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st October 2022 14,125 11,308 128,978
Additions - 3,471 22,421
Disposals - (998 ) (1,593 )
At 30th September 2023 14,125 13,781 149,806
DEPRECIATION
At 1st October 2022 8,994 6,462 93,983
Charge for year 1,282 1,497 12,074
At 30th September 2023 10,276 7,959 106,057
NET BOOK VALUE
At 30th September 2023 3,849 5,822 43,749
At 30th September 2022 5,131 4,846 34,995

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,652 13,904
Other debtors 21,533 16,063
31,185 29,967

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 38,998
Trade creditors 26,742 28,694
Taxation and social security 83,825 81,128
Other creditors 3,858 3,347
114,425 152,167

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 100,000 100,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 100,000 100,000

BREAD & MEAT LIMITED (REGISTERED NUMBER: 08988723)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

8. RESERVES
Retained
earnings
£   

At 1st October 2022 101,817
Profit for the year 87,294
Dividends (79,734 )
At 30th September 2023 109,377

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2023 and 30th September 2022:

2023 2022
£    £   
S Cheney and Mrs M Cheney
Balance outstanding at start of year (852 ) (79,412 )
Amounts advanced 243 178,580
Amounts repaid (624 ) (100,020 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,233 ) (852 )

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BREAD & 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 Bread & Meat Limited for the year ended 30th September 2023 which comprise the Income Statement, Balance Sheet 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 Bread & 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 Bread & Meat Limited and state those matters that we have agreed to state to the Board of Directors of Bread & Meat 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 Bread & Meat Limited and its Board of Directors, as a body, for our work or for this report.

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






Tayabali & White
5 High Green
Great Shelford
Cambridge
Cambridgeshire
CB22 5EG


7th November 2023