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REGISTERED NUMBER: 01460979 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 30 April 2023

for

J Coleman Wholesale Butchers Ltd

J Coleman Wholesale Butchers Ltd (Registered number: 01460979)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Other Comprehensive Income 4

Balance Sheet 5

Statement of Changes in Equity 7

Notes to the Financial Statements 8


J Coleman Wholesale Butchers Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: J Coleman





REGISTERED OFFICE: Heath Cottage
Langham Road
Boxted
Colchester
Essex
CO4 5HU





REGISTERED NUMBER: 01460979 (England and Wales)





ACCOUNTANTS: Frost & Co
3 Windermere Road
Sudbury
Suffolk
CO10 2QD

J Coleman Wholesale Butchers Ltd (Registered number: 01460979)

Report of the Director
for the Year Ended 30 April 2023

The director presents his report with the financial statements of the company for the year ended 30 April 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of of wholesale and retail butchers.

DIRECTOR
J Coleman held office during the whole of the period from 1 May 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J Coleman - Director


23 November 2023

J Coleman Wholesale Butchers Ltd (Registered number: 01460979)

Income Statement
for the Year Ended 30 April 2023

30.4.23 30.4.22
Notes £    £   

TURNOVER 4,877,687 4,525,702

Cost of sales (4,241,330 ) (3,952,326 )
GROSS PROFIT 636,357 573,376

Administrative expenses (639,863 ) (613,096 )
(3,506 ) (39,720 )

Other operating income 10,638 14,296
OPERATING PROFIT/(LOSS) 7,132 (25,424 )


Interest payable and similar expenses 4 - (103 )
PROFIT/(LOSS) BEFORE TAXATION 5 7,132 (25,527 )

Tax on profit/(loss) 6 - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

7,132

(25,527

)

J Coleman Wholesale Butchers Ltd (Registered number: 01460979)

Other Comprehensive Income
for the Year Ended 30 April 2023

30.4.23 30.4.22
Notes £    £   

PROFIT/(LOSS) FOR THE YEAR 7,132 (25,527 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

7,132

(25,527

)

J Coleman Wholesale Butchers Ltd (Registered number: 01460979)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Tangible assets 7 26,849 33,540

CURRENT ASSETS
Stocks 8 465,000 474,000
Debtors 9 289,583 250,774
Cash at bank and in hand 109,197 880
863,780 725,654
CREDITORS
Amounts falling due within one year 10 (981,414 ) (847,111 )
NET CURRENT LIABILITIES (117,634 ) (121,457 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(90,785

)

(87,917

)

CREDITORS
Amounts falling due after more than one
year

11

(39,167

)

(49,167

)
NET LIABILITIES (129,952 ) (137,084 )

CAPITAL AND RESERVES
Called up share capital 13 10,000 10,000
Retained earnings 14 (139,952 ) (147,084 )
SHAREHOLDERS' FUNDS (129,952 ) (137,084 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

J Coleman Wholesale Butchers Ltd (Registered number: 01460979)

Balance Sheet - continued
30 April 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 23 November 2023 and were signed by:





J Coleman - Director


J Coleman Wholesale Butchers Ltd (Registered number: 01460979)

Statement of Changes in Equity
for the Year Ended 30 April 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 May 2021 10,000 (121,557 ) (111,557 )

Changes in equity
Total comprehensive income - (25,527 ) (25,527 )
Balance at 30 April 2022 10,000 (147,084 ) (137,084 )

Changes in equity
Total comprehensive income - 7,132 7,132
Balance at 30 April 2023 10,000 (139,952 ) (129,952 )

J Coleman Wholesale Butchers Ltd (Registered number: 01460979)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

J Coleman Wholesale 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 preparation
These financial statements have been prepared in accordance with Financial Reporting Standard 101 "Reduced Disclosure Framework" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 101 "Reduced Disclosure Framework":

the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment;
the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii),
B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations;
the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and Discontinued
Operations;
the requirements of paragraph 24(6) of IFRS 6 Exploration for and Evaluation of Mineral Resources;
the requirements of IFRS 7 Financial Instruments: Disclosures;
the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement;
the requirements of paragraph 52, the second sentence of paragraph 89, and paragraphs 90, 91 and 93 of
IFRS 16 Leases;
the requirements of paragraph 58 of IFRS 16;
the requirements of the second sentence of paragraph 110 and paragraphs 113(a), 114, 115, 118, 119(a) to
(c), 120 to 127 and 129 of IFRS 15 Revenue from Contracts with Customers;
the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative
information in respect of:
- paragraph 79(a)(iv) of IAS 1;
- paragraph 73(e) of IAS 16 Property, Plant and Equipment;
- paragraph 118(e) of IAS 38 Intangible Assets;
- paragraphs 76 and 79(d) of IAS 40 Investment Property; and
- paragraph 50 of IAS 41 Agriculture;
the requirements of paragraphs 10(d), 10(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D, 111 and 134 to
136 of IAS 1;
the requirements of IAS 7 Statement of Cash Flows;
the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates
and Errors;
the requirements of paragraph 74(b) of IAS 16;
the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures;
the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into
between two or more members of a group;
the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

J Coleman Wholesale Butchers Ltd (Registered number: 01460979)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Taxation
Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the balance sheet date.

Employee benefit costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
30.4.23 30.4.22
£    £   
Wages and salaries 820,404 721,024
Social security costs 49,272 26,425
Other pension costs 9,693 8,323
879,369 755,772

The average number of employees during the year was as follows:
30.4.23 30.4.22

Employees 30 34

30.4.23 30.4.22
£    £   
Director's remuneration - -

4. INTEREST PAYABLE AND SIMILAR EXPENSES
30.4.23 30.4.22
£    £   
Loan - 103

5. PROFIT/(LOSS) BEFORE TAXATION

The profit before taxation (2022 - loss before taxation) is stated after charging/(crediting):
30.4.23 30.4.22
£    £   
Cost of inventories recognised as expense 4,241,330 3,952,326
Depreciation - owned assets 14,527 18,701
Profit on disposal of fixed assets (6,660 ) -

6. TAXATION

Analysis of tax expense
No liability to UK corporation tax arose for the year ended 30 April 2023 nor for the year ended 30 April 2022.

J Coleman Wholesale Butchers Ltd (Registered number: 01460979)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2022 83,677 146,048 22,821 120,961 373,507
Additions - 5,750 - 15,136 20,886
Disposals - - - (21,750 ) (21,750 )
At 30 April 2023 83,677 151,798 22,821 114,347 372,643
DEPRECIATION
At 1 May 2022 72,037 140,748 22,821 104,361 339,967
Charge for year 5,075 2,874 - 6,578 14,527
Eliminated on disposal - - - (8,700 ) (8,700 )
At 30 April 2023 77,112 143,622 22,821 102,239 345,794
NET BOOK VALUE
At 30 April 2023 6,565 8,176 - 12,108 26,849
At 30 April 2022 11,640 5,300 - 16,600 33,540

8. STOCKS
30.4.23 30.4.22
£    £   
Stocks 465,000 474,000

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 277,561 236,819
Other debtors 12,022 13,955
289,583 250,774

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts (see note 12) - 65,204
Trade creditors 472,079 401,834
Other creditors - 2,580
Paye/Ni Control 14,647 14,734
Court Fines 222 -
Net Pay Control (765 ) -
Pension 4,280 2,505
Directors' current accounts - 329,128
Directors' loan accounts 490,951 31,126
981,414 847,111

J Coleman Wholesale Butchers Ltd (Registered number: 01460979)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans (see note 12) 39,167 49,167

12. FINANCIAL LIABILITIES - BORROWINGS

30.4.23 30.4.22
£    £   
Current:
Bank overdrafts - 65,204

Non-current:
Bank loans - 1-2 years 39,167 49,167

Terms and debt repayment schedule

1-2 years
£   
Bank loans 39,167

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
10,000 Ordinary 1 10,000 10,000

14. RESERVES
Retained
earnings
£   

At 1 May 2022 (147,084 )
Profit for the year 7,132
At 30 April 2023 (139,952 )