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REGISTERED NUMBER: 04663561 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 28 February 2023

for

Williamsons Family Butchers Limited

Williamsons Family Butchers Limited (Registered number: 04663561)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Williamsons Family Butchers Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: S Williamson





REGISTERED OFFICE: 129 St. Johns Road
Waterloo
Liverpool
Merseyside
L22 9QE





REGISTERED NUMBER: 04663561 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

Williamsons Family Butchers Limited (Registered number: 04663561)

Report of the Director
for the Year Ended 28 February 2023

The director presents his report with the financial statements of the company for the year ended 28 February 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a butcher.

DIRECTOR
S Williamson held office during the whole of the period from 1 March 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:





S Williamson - Director


28 November 2023

Williamsons Family Butchers Limited (Registered number: 04663561)

Income Statement
for the Year Ended 28 February 2023

28.2.23 28.2.22
Notes £    £   

TURNOVER 613,558 685,177

Cost of sales 527,498 560,819
GROSS PROFIT 86,060 124,358

Administrative expenses 110,918 98,841
(24,858 ) 25,517

Other operating income 7,445 6,575
Gain/loss on revaluation of tangible assets (12,962 ) 1,837
OPERATING (LOSS)/PROFIT 4 (30,375 ) 33,929

Interest receivable and similar income 14 4
(30,361 ) 33,933

Interest payable and similar expenses 4,961 4,838
(LOSS)/PROFIT BEFORE TAXATION (35,322 ) 29,095

Tax on (loss)/profit - 2,531
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(35,322

)

26,564

Williamsons Family Butchers Limited (Registered number: 04663561)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 239,277 215,131

CURRENT ASSETS
Stocks 7,800 4,952
Debtors 6 29,598 31,708
Cash at bank and in hand 7,492 36,478
44,890 73,138
CREDITORS
Amounts falling due within one year 7 138,032 100,392
NET CURRENT LIABILITIES (93,142 ) (27,254 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,135

187,877

CREDITORS
Amounts falling due after more than one
year

8

91,200

90,218
NET ASSETS 54,935 97,659

CAPITAL AND RESERVES
Called up share capital 100 2
Retained earnings 54,835 97,657
SHAREHOLDERS' FUNDS 54,935 97,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Williamsons Family Butchers Limited (Registered number: 04663561)

Balance Sheet - continued
28 February 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 28 November 2023 and were signed by:





S Williamson - Director


Williamsons Family Butchers Limited (Registered number: 04663561)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Williamsons Family Butchers Limited 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 as modified by the revaluation of certain 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 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 Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Williamsons Family Butchers Limited (Registered number: 04663561)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. OPERATING (LOSS)/PROFIT

The operating loss (2022 - operating profit) is stated after charging:

28.2.23 28.2.22
£    £   
Depreciation - owned assets 13,093 5,044

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 March 2022 200,000 45,358 245,358
Additions 12,962 37,239 50,201
Revaluations (12,962 ) - (12,962 )
At 28 February 2023 200,000 82,597 282,597
DEPRECIATION
At 1 March 2022 - 30,227 30,227
Charge for year - 13,093 13,093
At 28 February 2023 - 43,320 43,320
NET BOOK VALUE
At 28 February 2023 200,000 39,277 239,277
At 28 February 2022 200,000 15,131 215,131

Cost or valuation at 28 February 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 36,364 - 36,364
Valuation in 2021 37,500 - 37,500
Valuation in 2022 1,837 - 1,837
Valuation in 2023 (12,962 ) - (12,962 )
Cost 137,261 82,597 219,858
200,000 82,597 282,597

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 137,261 124,299

Freehold land and buildings were valued on an open market basis on 28 February 2023 by S Williamson (Director) .

Williamsons Family Butchers Limited (Registered number: 04663561)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 27,483 29,257
Other debtors 2,115 2,451
29,598 31,708

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 24,656 8,931
Hire purchase contracts 3,457 -
Trade creditors 59,952 62,823
Taxation and social security 663 2,860
Other creditors 49,304 25,778
138,032 100,392

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 80,253 90,218
Hire purchase contracts 10,947 -
91,200 90,218

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 56,460 60,495