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Company Registration No. 05075298 (England and Wales)
British Beef Jerky Limited Unaudited accounts for the year ended 31 March 2023
British Beef Jerky Limited Unaudited accounts Contents
Page
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British Beef Jerky Limited Company Information for the year ended 31 March 2023
Directors
B Bradley L Bradley
Secretary
L Bradley
Company Number
05075298 (England and Wales)
Registered Office
2 Eshottheugh Workshops Felton Morpeth Northumberland NE65 9QH
Accountants
Accounting for Good CIC 2 Geordie Ridley Place Upper Precinct Wesley Court Blaydon on Tyne Tyne and Wear NE21 5BT
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British Beef Jerky Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
180,621 
253,249 
Current assets
Inventories
9,500 
9,500 
Debtors
95,453 
35,874 
Cash at bank and in hand
83,851 
120,860 
188,804 
166,234 
Creditors: amounts falling due within one year
(128,994)
(182,530)
Net current assets/(liabilities)
59,810 
(16,296)
Total assets less current liabilities
240,431 
236,953 
Creditors: amounts falling due after more than one year
(87,803)
(91,741)
Provisions for liabilities
Deferred tax
(34,318)
(26,259)
Net assets
118,310 
118,953 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
118,210 
118,853 
Shareholders' funds
118,310 
118,953 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2023 and were signed on its behalf by
L Bradley Director Company Registration No. 05075298
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British Beef Jerky Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
British Beef Jerky Limited is a private company, limited by shares, registered in England and Wales, registration number 05075298. The registered office is 2 Eshottheugh Workshops, Felton, Morpeth, Northumberland, NE65 9QH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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British Beef Jerky Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
685,146 
87,349 
44,140 
816,635 
Additions
1,583 
46,569 
46,161 
94,313 
Disposals
(183,173)
(51,598)
- 
(234,771)
At 31 March 2023
503,556 
82,320 
90,301 
676,177 
Depreciation
At 1 April 2022
485,095 
41,056 
37,235 
563,386 
Charge for the year
34,323 
12,617 
13,266 
60,206 
On disposals
(118,833)
(9,203)
- 
(128,036)
At 31 March 2023
400,585 
44,470 
50,501 
495,556 
Net book value
At 31 March 2023
102,971 
37,850 
39,800 
180,621 
At 31 March 2022
200,051 
46,293 
6,905 
253,249 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
50 
Trade debtors
65,060 
35,824 
Other debtors
30,393 
- 
95,453 
35,874 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,931 
12,009 
VAT
1,175 
- 
Obligations under finance leases and hire purchase contracts
20,530 
22,066 
Trade creditors
13,135 
26,280 
Taxes and social security
4,619 
3,817 
Proposed dividends
10,000 
- 
Other creditors
(205)
(205)
Loans from directors
69,209 
74,163 
Accruals
600 
44,400 
128,994 
182,530 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
59,750 
71,271 
Obligations under finance leases and hire purchase contracts
28,053 
20,470 
87,803 
91,741 
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British Beef Jerky Limited Notes to the Accounts for the year ended 31 March 2023
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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