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REGISTERED NUMBER: 05911508 (England and Wales)











C R & J PIERCY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






C R & J PIERCY LTD (REGISTERED NUMBER: 05911508)

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










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


C R & J PIERCY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr C R Piercy
Mrs J Piercy
Mr S R Piercy
Mr T R Piercy





SECRETARY: Mrs J Piercy





REGISTERED OFFICE: Westmoor
Easingwold Road
Stillington
York
North Yorkshire
YO61 1LT





REGISTERED NUMBER: 05911508 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

C R & J PIERCY LTD (REGISTERED NUMBER: 05911508)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,125 6,625
Tangible assets 5 272,448 259,766
277,573 266,391

CURRENT ASSETS
Stocks 280,303 196,035
Debtors 96,278 51,878
Investments 9,847 8,362
386,428 256,275
CREDITORS
Amounts falling due within one year 511,455 415,055
NET CURRENT LIABILITIES (125,027 ) (158,780 )
TOTAL ASSETS LESS CURRENT LIABILITIES 152,546 107,611

CREDITORS
Amounts falling due after more than one
year

(100,677

)

(98,505

)

PROVISIONS FOR LIABILITIES (29,433 ) (24,589 )
NET ASSETS/(LIABILITIES) 22,436 (15,483 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 21,436 (16,483 )
SHAREHOLDERS' FUNDS 22,436 (15,483 )

C R & J PIERCY LTD (REGISTERED NUMBER: 05911508)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





Mrs J Piercy - Director


C R & J PIERCY LTD (REGISTERED NUMBER: 05911508)

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


1. STATUTORY INFORMATION

C R & J Piercy 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.

The company depends on support from the bank and directors to meet its day to day working capital requirements. This support is expected to continue for the foreseeable future. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result from a withdrawal of financial support.

Turnover
Turnover represents amounts receivable for goods supplied and for funding received in the course of pig farming, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its 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.
Freehold property - 10% on reducing balance
Plant and machinery - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance
Computer equipment - 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 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 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.


C R & J PIERCY LTD (REGISTERED NUMBER: 05911508)

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

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.

Government grants
Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity are recognised in the period in which they become receivable.

Investments
Investments are measured at cost.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 30,000
AMORTISATION
At 1 April 2022 23,375
Amortisation for year 1,500
At 31 March 2023 24,875
NET BOOK VALUE

At 31 March 2023 5,125
At 31 March 2022 6,625

C R & J PIERCY LTD (REGISTERED NUMBER: 05911508)

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


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 734,336
Additions 52,771
Disposals (1,700 )
At 31 March 2023 785,407
DEPRECIATION
At 1 April 2022 474,570
Charge for year 39,092
Eliminated on disposal (703 )
At 31 March 2023 512,959
NET BOOK VALUE
At 31 March 2023 272,448
At 31 March 2022 259,766

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 172,043 226,562
Hire purchase contracts - 3,333
Bank loans 102,929 85,143
274,972 315,038

The bank overdraft and loans are secured by way of a first charge on the company's property and assets.

The hire purchase contracts were secured on the assets to which the loan relates.

C R & J PIERCY LTD (REGISTERED NUMBER: 05911508)

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


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr C R Piercy and Mrs J Piercy
Balance outstanding at start of year 5,787 13,593
Amounts advanced 59,140 58,399
Amounts repaid (64,927 ) (66,205 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,787

The loan to the directors is interest free and repayable on demand.

8. RELATED PARTY DISCLOSURES

Rent costs include £12,000 (2022: £12,000) paid to the directors.