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REGISTERED NUMBER: 04781200 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023

FOR

NEWPORT BUTCHERS AND BAKERS LIMITED

NEWPORT BUTCHERS AND BAKERS LIMITED (REGISTERED NUMBER: 04781200)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEWPORT BUTCHERS AND BAKERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTORS: D Campling
Mrs M Campling





SECRETARY: Mrs M Campling





REGISTERED OFFICE: 88a Main Road
Newport
Brough
East Yorkshire
HU15 2RG





REGISTERED NUMBER: 04781200 (England and Wales)





ACCOUNTANTS: Flemingate - Accountancy and Taxation
1 Village Courtyard
High Street
Holme on Spalding Moor
York
North Yorkshire
YO43 4AA

NEWPORT BUTCHERS AND BAKERS LIMITED (REGISTERED NUMBER: 04781200)

BALANCE SHEET
31ST MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 13,203 15,532
13,204 15,533

CURRENT ASSETS
Stocks 4,076 3,752
Debtors 6 4,279 7,378
Cash at bank and in hand 5,544 4,770
13,899 15,900
CREDITORS
Amounts falling due within one year 7 18,036 28,370
NET CURRENT LIABILITIES (4,137 ) (12,470 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,067

3,063

PROVISIONS FOR LIABILITIES 2,439 2,951
NET ASSETS 6,628 112

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 6,626 110
SHAREHOLDERS' FUNDS 6,628 112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

NEWPORT BUTCHERS AND BAKERS LIMITED (REGISTERED NUMBER: 04781200)

BALANCE SHEET - continued
31ST MAY 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th February 2024 and were signed on its behalf by:




D Campling - Director



Mrs M Campling - Director


NEWPORT BUTCHERS AND BAKERS LIMITED (REGISTERED NUMBER: 04781200)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. STATUTORY INFORMATION

Newport Butchers and Bakers 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

NEWPORT BUTCHERS AND BAKERS LIMITED (REGISTERED NUMBER: 04781200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2022
and 31st May 2023 60,000
AMORTISATION
At 1st June 2022
and 31st May 2023 59,999
NET BOOK VALUE
At 31st May 2023 1
At 31st May 2022 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st June 2022
and 31st May 2023 51,939
DEPRECIATION
At 1st June 2022 36,407
Charge for year 2,329
At 31st May 2023 38,736
NET BOOK VALUE
At 31st May 2023 13,203
At 31st May 2022 15,532

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 1,827 2,559
Directors' current accounts - 2,890
VAT 2,452 1,929
4,279 7,378

NEWPORT BUTCHERS AND BAKERS LIMITED (REGISTERED NUMBER: 04781200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 3,679 10,806
Trade creditors 4,544 8,736
Tax 6,543 5,932
Social security and other taxes 660 396
Directors' current accounts 110 -
Accrued expenses 2,500 2,500
18,036 28,370

8. OTHER FINANCIAL COMMITMENTS

The company has an annual operating lease commitment to make payments to it's landlords of £ 12,000 in respect of the rental of premises at 88a Main Road, Newport, Brough, East Yorkshire, HU15 2RG.

9. RELATED PARTY DISCLOSURES

During the course of the period the company transacted with the director's by way of a director's loan account. The balance owing to the director's at the balance sheet date was £ 110.


Rental of Premises to the Company

During the course of the period the company leased it's premises from the director's at a monthly rate of £ 1,000. The premises are owned by Mr D Campling and Mrs M Campling.