Smokehouse Bradford Limited 10066328 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of production of meat and poultry products. Digita Accounts Production Advanced 6.30.9574.0 true true 10066328 2022-04-01 2023-03-31 10066328 2023-03-31 10066328 bus:OrdinaryShareClass1 2023-03-31 10066328 core:RetainedEarningsAccumulatedLosses 2023-03-31 10066328 core:ShareCapital 2023-03-31 10066328 core:CurrentFinancialInstruments 2023-03-31 10066328 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10066328 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 10066328 core:FurnitureFittingsToolsEquipment 2023-03-31 10066328 core:MotorVehicles 2023-03-31 10066328 bus:SmallEntities 2022-04-01 2023-03-31 10066328 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10066328 bus:FullAccounts 2022-04-01 2023-03-31 10066328 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10066328 bus:RegisteredOffice 2022-04-01 2023-03-31 10066328 bus:Director1 2022-04-01 2023-03-31 10066328 bus:Director2 2022-04-01 2023-03-31 10066328 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10066328 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10066328 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 10066328 core:ShareCapital 2022-04-01 2023-03-31 10066328 core:FurnitureFittings 2022-04-01 2023-03-31 10066328 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 10066328 core:MotorVehicles 2022-04-01 2023-03-31 10066328 core:OfficeEquipment 2022-04-01 2023-03-31 10066328 core:PlantMachinery 2022-04-01 2023-03-31 10066328 countries:EnglandWales 2022-04-01 2023-03-31 10066328 2022-03-31 10066328 core:RetainedEarningsAccumulatedLosses 2022-03-31 10066328 core:ShareCapital 2022-03-31 10066328 core:FurnitureFittingsToolsEquipment 2022-03-31 10066328 core:MotorVehicles 2022-03-31 10066328 2021-04-01 2022-03-31 10066328 2022-03-31 10066328 bus:OrdinaryShareClass1 2022-03-31 10066328 core:RetainedEarningsAccumulatedLosses 2022-03-31 10066328 core:ShareCapital 2022-03-31 10066328 core:CurrentFinancialInstruments 2022-03-31 10066328 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 10066328 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 10066328 core:FurnitureFittingsToolsEquipment 2022-03-31 10066328 core:MotorVehicles 2022-03-31 10066328 core:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 10066328 core:ShareCapital 2021-04-01 2022-03-31 10066328 2021-03-31 10066328 core:RetainedEarningsAccumulatedLosses 2021-03-31 10066328 core:ShareCapital 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10066328

Smokehouse Bradford Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Smokehouse Bradford Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 11

 

Smokehouse Bradford Limited

Company Information

Directors

Mr Marcin Kwoczko

Mrs Anita Kwoczko

Registered office

C/O Smith Butler,
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

Accountants

Smith Butler
Accountants and Business Advisors
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX

 

Smokehouse Bradford Limited

(Registration number: 10066328)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

138,958

122,100

Current assets

 

Stocks

5

39,290

72,025

Debtors

6

93,462

73,527

Cash at bank and in hand

 

179,380

101,406

 

312,132

246,958

Creditors: Amounts falling due within one year

7

(181,410)

(116,286)

Net current assets

 

130,722

130,672

Total assets less current liabilities

 

269,680

252,772

Creditors: Amounts falling due after more than one year

7

(3,702)

(11,564)

Net assets

 

265,978

241,208

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

265,878

241,108

Shareholders' funds

 

265,978

241,208

For the financial 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Smokehouse Bradford Limited

(Registration number: 10066328)
Balance Sheet as at 31 March 2023

Approved and authorised by the Board on 3 November 2023 and signed on its behalf by:
 

.........................................
Mr Marcin Kwoczko
Director

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Smokehouse Bradford Limited

Statement of Changes in Equity for the Year Ended 31 March 2023

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

100

241,108

241,208

Profit for the year

-

74,770

74,770

Dividends

-

(50,000)

(50,000)

At 31 March 2023

100

265,878

265,978

Share capital
£

Retained earnings
£

Total
£

At 1 April 2021

100

259,473

259,573

Profit for the year

-

51,035

51,035

Dividends

-

(69,400)

(69,400)

At 31 March 2022

100

241,108

241,208

 

Smokehouse Bradford Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Smith Butler,
Sapper Jordan Rossi Park
Otley Road
Baildon
West Yorkshire
BD17 7AX
United Kingdom

The principal place of business is:
11 Greenacre Drive
Wyke
Bradford
BD12 9DH

These financial statements were authorised for issue by the Board on 3 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Smokehouse Bradford Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% Reducing balance

Fixtures and fittings

20% Reducing balance

Office equipment

25% Reducing balance

Motor vehicles

20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Smokehouse Bradford Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Smokehouse Bradford Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Smokehouse Bradford Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2022 - 22).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

94,238

98,335

192,573

Additions

9,665

33,920

43,585

At 31 March 2023

103,903

132,255

236,158

Depreciation

At 1 April 2022

39,976

30,497

70,473

Charge for the year

11,830

14,897

26,727

At 31 March 2023

51,806

45,394

97,200

Carrying amount

At 31 March 2023

52,097

86,861

138,958

At 31 March 2022

54,262

67,838

122,100

5

Stocks

2023
£

2022
£

Other inventories

39,290

72,025

6

Debtors

Current

2023
£

2022
£

Trade debtors

50,723

47,369

Prepayments

20,861

20,904

Other debtors

21,878

5,254

 

93,462

73,527

 

Smokehouse Bradford Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

19,784

11,564

Trade creditors

 

90,026

76,441

Taxation and social security

 

9,627

25,869

Accruals and deferred income

 

584

2,387

Other creditors

 

61,389

25

 

181,410

116,286

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

3,702

11,564

 

Smokehouse Bradford Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100