1 April 2022 false No description of principal activity Taxfiler 2023.10 08896774business:PrivateLimitedCompanyLtd2022-04-012023-03-31 088967742022-03-31 088967742022-04-012023-03-31 08896774business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 08896774business:FilletedAccounts2022-04-012023-03-31 088967742023-03-31 08896774business:Director12022-04-012023-03-31 08896774business:Director22022-04-012023-03-31 08896774business:CompanySecretary12022-04-012023-03-31 08896774business:RegisteredOffice2022-04-012023-03-31 088967742022-03-31 08896774core:WithinOneYear2023-03-31 08896774core:WithinOneYear2022-03-31 08896774core:AfterOneYear2023-03-31 08896774core:AfterOneYear2022-03-31 08896774core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 08896774core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 08896774core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 08896774core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 08896774core:PreviouslyStatedAmount2023-03-31 08896774core:PreviouslyStatedAmount2022-03-31 08896774business:SmallEntities2022-04-012023-03-31 08896774countries:EnglandWales2022-04-012023-03-31 08896774core:LandBuildings2022-04-012023-03-31 08896774core:PlantMachinery2022-04-012023-03-31 08896774core:MotorVehicles2022-04-012023-03-31 08896774core:FurnitureFittings2022-04-012023-03-31 08896774core:ComputerEquipment2022-04-012023-03-31 08896774core:Goodwill2022-03-31 08896774core:Goodwill2023-03-31 08896774core:LandBuildings2022-03-31 08896774core:PlantMachinery2022-03-31 08896774core:MotorVehicles2022-03-31 08896774core:FurnitureFittings2022-03-31 08896774core:ComputerEquipment2022-03-31 08896774core:LandBuildings2023-03-31 08896774core:PlantMachinery2023-03-31 08896774core:MotorVehicles2023-03-31 08896774core:FurnitureFittings2023-03-31 08896774core:ComputerEquipment2023-03-31 088967742021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 08896774 (England and Wales)
MEAT LIMITED Unaudited accounts for the year ended 31 March 2023
MEAT LIMITED Unaudited accounts Contents
Page
- 2 -
MEAT LIMITED Company Information for the year ended 31 March 2023
Directors
O S Khaldi Ms C G Crowther
Secretary
P C Bamford
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
- 3 -
MEAT LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
191,660 
201,932 
Current assets
Inventories
28,296 
26,396 
Debtors
15,001 
11,652 
Cash at bank and in hand
29,089 
29,279 
72,386 
67,327 
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)
Net assets
29,987 
10,268 
Capital and reserves
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
- 4 -
MEAT LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
Pension costs
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.
Presentation currency
The accounts are presented in £ sterling.
- 5 -
MEAT LIMITED Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
85,029 
At 31 March 2023
85,029 
Amortisation
At 1 April 2022
85,029 
At 31 March 2023
85,029 
Net book value
At 31 March 2023
- 
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 
Depreciation
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 
Net book value
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 
6
Inventories
2023 
2022 
£ 
£ 
Raw materials
28,296 
26,396 
28,296 
26,396 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
3,070 
470 
Trade debtors
836 
3,496 
Accrued income and prepayments
4,100 
2,242 
Other debtors
6,995 
5,444 
15,001 
11,652 
- 6 -
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 
Accruals
17,592 
14,883 
112,002 
164,954 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
97,293 
84,821 
Amounts owed to group undertakings and other participating interests
16,430 
- 
113,723 
84,821 
10
Average number of employees
During the year the average number of employees was 8 (2022: 9).
- 7 -