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REGISTERED NUMBER: 06678579 (England and Wales)















KENDALLS FARM BUTCHERS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






KENDALLS FARM BUTCHERS LTD (REGISTERED NUMBER: 06678579)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENDALLS FARM BUTCHERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: P A Kendall
Mrs H M Kendall





SECRETARY: Mrs H M Kendall





REGISTERED OFFICE: High Street
Pateley Bridge
Harrogate
North Yorkshire
HG3 5JU





REGISTERED NUMBER: 06678579 (England and Wales)





ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

KENDALLS FARM BUTCHERS LTD (REGISTERED NUMBER: 06678579)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 973,643 817,177
973,643 817,177

CURRENT ASSETS
Stocks 18,100 20,500
Debtors 6 56,529 82,928
Cash at bank and in hand 376,905 351,327
451,534 454,755
CREDITORS
Amounts falling due within one year 7 290,526 332,910
NET CURRENT ASSETS 161,008 121,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,134,651

939,022

CREDITORS
Amounts falling due after more than one year 8 (101,719 ) (123,851 )

PROVISIONS FOR LIABILITIES (32,137 ) (11,436 )
NET ASSETS 1,000,795 803,735

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 19,980 19,980
Retained earnings 980,715 783,655
1,000,795 803,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

KENDALLS FARM BUTCHERS LTD (REGISTERED NUMBER: 06678579)

BALANCE SHEET - continued
31 MAY 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 9 October 2023 and were signed on its behalf by:




P A Kendall - Director



Mrs H M Kendall - Director


KENDALLS FARM BUTCHERS LTD (REGISTERED NUMBER: 06678579)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Kendalls Farm Butchers Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed 10 years.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Goodwill - 10% straight line

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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.


KENDALLS FARM BUTCHERS LTD (REGISTERED NUMBER: 06678579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 274,956
AMORTISATION
At 1 June 2022
and 31 May 2023 274,956
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

KENDALLS FARM BUTCHERS LTD (REGISTERED NUMBER: 06678579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 June 2022 798,090 198,600 43,463 1,040,153
Additions 102,110 51,366 67,743 221,219
Disposals - - (23,043 ) (23,043 )
At 31 May 2023 900,200 249,966 88,163 1,238,329
DEPRECIATION
At 1 June 2022 41,101 157,797 24,078 222,976
Charge for year 14,004 23,043 19,807 56,854
Eliminated on disposal - - (15,144 ) (15,144 )
At 31 May 2023 55,105 180,840 28,741 264,686
NET BOOK VALUE
At 31 May 2023 845,095 69,126 59,422 973,643
At 31 May 2022 756,989 40,803 19,385 817,177

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 41,500 41,000
Other debtors - 500
VAT 8,390 101
Prepayments and accrued income 6,639 41,327
56,529 82,928

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,000 22,000
Trade creditors 114,436 122,144
Taxation and social security 65,189 85,846
Other creditors 88,901 102,920
290,526 332,910

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 101,719 123,851

KENDALLS FARM BUTCHERS LTD (REGISTERED NUMBER: 06678579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 32,886 45,018

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 123,719 145,851

The bank loan is secured by first legal charges over the freehold property of the company.