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REGISTERED NUMBER: 06818363 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

BEEF FARMERS DIRECT LIMITED

BEEF FARMERS DIRECT LIMITED (REGISTERED NUMBER: 06818363)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEEF FARMERS DIRECT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTOR: J A Lloyd





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 06818363 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

BEEF FARMERS DIRECT LIMITED (REGISTERED NUMBER: 06818363)

BALANCE SHEET
30TH JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,100,326 1,696,267

CURRENT ASSETS
Stocks 55,880 525,901
Debtors 5 2,010,776 753,684
Cash at bank 26,313 163,633
2,092,969 1,443,218
CREDITORS
Amounts falling due within one year 6 453,988 274,966
NET CURRENT ASSETS 1,638,981 1,168,252
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,739,307

2,864,519

CREDITORS
Amounts falling due after more than one
year

7

(3,453,541

)

(73,077

)

PROVISIONS FOR LIABILITIES (27,834 ) (40,468 )
NET ASSETS 3,257,932 2,750,974

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,257,832 2,750,874
SHAREHOLDERS' FUNDS 3,257,932 2,750,974

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

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

BEEF FARMERS DIRECT LIMITED (REGISTERED NUMBER: 06818363)

BALANCE SHEET - continued
30TH JUNE 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 director and authorised for issue on 4th March 2024 and were signed by:





J A Lloyd - Director


BEEF FARMERS DIRECT LIMITED (REGISTERED NUMBER: 06818363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

Beef Farmers Direct 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.

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 - 2% on cost and Land - no depreciation charged
Plant and machinery etc - 20% on cost, 20% on reducing balance and 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.

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 1 (2022 - 1 ) .

BEEF FARMERS DIRECT LIMITED (REGISTERED NUMBER: 06818363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


4. TANGIBLE FIXED ASSETS
Freehold Property Plant and
property improvements machinery Totals
£    £    £    £   
COST
At 1st July 2022 1,493,074 452,899 663,804 2,609,777
Additions 3,538,973 - - 3,538,973
Disposals - - (101,000 ) (101,000 )
At 30th June 2023 5,032,047 452,899 562,804 6,047,750
DEPRECIATION
At 1st July 2022 79,464 427,764 406,282 913,510
Charge for year 26,623 9,218 34,433 70,274
Eliminated on disposal - - (36,360 ) (36,360 )
At 30th June 2023 106,087 436,982 404,355 947,424
NET BOOK VALUE
At 30th June 2023 4,925,960 15,917 158,449 5,100,326
At 30th June 2022 1,413,610 25,135 257,522 1,696,267

The company held two assets under hire purchase agreements during the year, however one of these assets was sold during the period. At the year end the net book value of the remaining financed asset was £48,128 (2022: £124,800) and the depreciation charge relating to the asset totalled £12,032 (2022: £31,200).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 2,010,676 753,584
Other debtors 100 100
2,010,776 753,684

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 69,768 -
Hire purchase contracts 22,776 43,077
Trade creditors 21,164 43,609
Taxation and social security 298,904 156,847
Other creditors 41,376 31,433
453,988 274,966

BEEF FARMERS DIRECT LIMITED (REGISTERED NUMBER: 06818363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 3,433,501 -
Hire purchase contracts - 43,077
Other creditors 20,040 30,000
3,453,541 73,077