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REGISTERED NUMBER: SC438862 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

TJ Falkirk Ltd

TJ Falkirk Ltd (Registered number: SC438862)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


TJ Falkirk Ltd (Registered number: SC438862)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 15,000
Tangible assets 5 22,139 22,377
22,139 37,377

CURRENT ASSETS
Stocks 10,598 14,602
Debtors 6 343,877 271,386
Cash at bank and in hand 17,211 27,133
371,686 313,121
CREDITORS
Amounts falling due within one year 7 (355,078 ) (303,773 )
NET CURRENT ASSETS 16,608 9,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,747

46,725

CREDITORS
Amounts falling due after more than one year 8 (27,500 ) (37,500 )

PROVISIONS FOR LIABILITIES (5,535 ) (5,594 )
NET ASSETS 5,712 3,631

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,612 3,531
5,712 3,631

TJ Falkirk Ltd (Registered number: SC438862)

Balance Sheet - continued
28 February 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2023 and were signed by:





Mr D Thomson - Director


TJ Falkirk Ltd (Registered number: SC438862)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

TJ Falkirk Limited is a private company, limited by shares, domiciled in Scotland, registration number SC438862. The registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth FK3 8WX.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group members.

Turnover
Turnover represents net invoiced sales of goods and services in respect of preparation and sale of butchery products, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets and depreciation
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 cost and 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.


TJ Falkirk Ltd (Registered number: SC438862)

Notes to the Financial Statements - continued
for the Year Ended 28 February 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 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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 150,000
AMORTISATION
At 1 March 2022 135,000
Charge for year 15,000
At 28 February 2023 150,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 15,000

TJ Falkirk Ltd (Registered number: SC438862)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 74,316
Additions 6,990
At 28 February 2023 81,306
DEPRECIATION
At 1 March 2022 51,939
Charge for year 7,228
At 28 February 2023 59,167
NET BOOK VALUE
At 28 February 2023 22,139
At 28 February 2022 22,377

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,245 1,058
Amounts owed by group undertakings 9,846 19,933
Amounts owed by related parties 325,836 244,246
Other debtors 6,950 6,149
343,877 271,386

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 17,580 19,842
Amounts owed to group undertakings 283,521 168,385
Taxation and social security 38,375 35,258
Other creditors 5,602 70,288
355,078 303,773

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 27,500 37,500

TJ Falkirk Ltd (Registered number: SC438862)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. ULTIMATE PARENT ENTITY

The company's ultimate parent company is TJ 1861 Ltd, a company registered in Scotland. The financial statements of TJ 1861 Ltd can be obtained from Companies House and its registered office is Unit 5 Gateway Business Park, Beancross Road, Grangemouth, FK3 8WX.