Company Registration No. 08896774 (England and Wales)
MEAT LIMITED
Unaudited accounts
for the year ended 31 March 2023
MEAT LIMITED
Unaudited accounts
Contents
MEAT LIMITED
Company Information
for the year ended 31 March 2023
Directors
O S Khaldi
Ms C G Crowther
Company Number
08896774 (England and Wales)
Registered Office
1st Floor Olympus House
Quedgeley
Gloucester
Gloucestershire
GL2 4NF
United Kingdom
Accountants
Virgate Accounts Ltd
Olympus House
Quedgeley
Gloucester
Gloucestershire
GL2 4NF
MEAT LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
191,660
201,932
Cash at bank and in hand
29,089
29,279
Creditors: amounts falling due within one year
(112,002)
(164,954)
Net current liabilities
(39,616)
(97,627)
Total assets less current liabilities
152,044
104,305
Creditors: amounts falling due after more than one year
(113,723)
(84,821)
Provisions for liabilities
Deferred tax
(8,334)
(9,216)
Called up share capital
100
100
Profit and loss account
29,887
10,168
Shareholders' funds
29,987
10,268
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 14 November 2023 and were signed on its behalf by
O S Khaldi
Director
Company Registration No. 08896774
MEAT LIMITED
Notes to the Accounts
for the year ended 31 March 2023
MEAT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08896774. The registered office is 1st Floor Olympus House, Quedgeley, Gloucester, Gloucestershire, GL2 4NF, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Land & buildings
Freehold buildings 2% on cost
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
25% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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 company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The accounts are presented in £ sterling.
MEAT LIMITED
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2022
153,326
102,356
12,595
49,649
7,988
325,914
Additions
-
2,200
4,396
2,697
421
9,714
Disposals
-
-
(12,595)
-
-
(12,595)
At 31 March 2023
153,326
104,556
4,396
52,346
8,409
323,033
At 1 April 2022
16,197
70,225
9,954
24,768
2,838
123,982
Charge for the year
2,419
6,754
865
5,470
1,969
17,477
Surplus on revaluation
-
-
(10,086)
-
-
(10,086)
At 31 March 2023
18,616
76,979
733
30,238
4,807
131,373
At 31 March 2023
134,710
27,577
3,663
22,108
3,602
191,660
At 31 March 2022
137,129
32,131
2,641
24,881
5,150
201,932
Raw materials
28,296
26,396
Amounts falling due within one year
Accrued income and prepayments
4,100
2,242
MEAT LIMITED
Notes to the Accounts
for the year ended 31 March 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,073
71,488
Obligations under finance leases and hire purchase contracts
1,055
-
Trade creditors
44,268
52,486
Amounts owed to group undertakings and other participating interests
14,939
-
Taxes and social security
9,361
5,583
Other creditors
16,155
19,387
Loans from directors
1,559
1,127
9
Creditors: amounts falling due after more than one year
2023
2022
Amounts owed to group undertakings and other participating interests
16,430
-
10
Average number of employees
During the year the average number of employees was 8 (2022: 9).