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REGISTERED NUMBER: 04493784 (England and Wales)












Unaudited Financial Statements

For The Year Ended 30th September 2023

for

Alverton Bacon Supplies Limited

Alverton Bacon Supplies Limited (Registered number: 04493784)






Contents of the Financial Statements
For The Year Ended 30th September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alverton Bacon Supplies Limited

Company Information
For The Year Ended 30th September 2023







DIRECTORS: T R Stockdale
T C Stockdale





SECRETARY: Mrs C E Stockdale





REGISTERED OFFICE: Unit 4
Tennant Close
Standard Way
Northallerton
North Yorkshire
DL6 2XL





REGISTERED NUMBER: 04493784 (England and Wales)





ACCOUNTANTS: F E Metcalfe & Co Limited
Chartered Accountants
4 Old Market Place
Ripon
North Yorkshire
HG4 1EQ

Alverton Bacon Supplies Limited (Registered number: 04493784)

Balance Sheet
30th September 2023

30.9.23 30.9.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 194,187 203,363
Investment property 5 200,000 200,000
394,187 403,363

CURRENT ASSETS
Stocks 41,566 45,610
Debtors 6 133,862 144,605
Cash at bank 21,294 59,532
196,722 249,747
CREDITORS
Amounts falling due within one year 7 182,275 225,975
NET CURRENT ASSETS 14,447 23,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,634

427,135

CREDITORS
Amounts falling due after more than one
year

8

(18,215

)

(28,270

)

PROVISIONS FOR LIABILITIES (7,400 ) (8,600 )
NET ASSETS 383,019 390,265

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 382,919 390,165
SHAREHOLDERS' FUNDS 383,019 390,265

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

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

Alverton Bacon Supplies Limited (Registered number: 04493784)

Balance Sheet - continued
30th September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th March 2024 and were signed on its behalf by:





T C Stockdale - Director


Alverton Bacon Supplies Limited (Registered number: 04493784)

Notes to the Financial Statements
For The Year Ended 30th September 2023

1. STATUTORY INFORMATION

Alverton Bacon Supplies 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 are the first that have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention except for modification to a fair value basis for investment property as specified in the accounting policies below.

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

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or if held under a finance lease, over the lease term, whichever is shorter.

Freehold property- 2% on cost for freehold buildings and not provided on freehold land
Plant and machinery- 33% on reducing balance and 25% on reducing balance
Motor vehicles- 25% on reducing balance

Tangible fixed assets are stated at cost, less accumulated depreciation and accumulated impairment losses.

Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Mixed use property which is partly rented out is split between an investment property element and an owner occupied element.

Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on an open market value. Deferred tax is provided on these movements where applicable. Gains and losses arising from changes in fair value of investment properties are included in the Statement of Income and Retained Earnings in the period in which they arise.

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 Statement of Income and Retained Earnings, 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.


Alverton Bacon Supplies Limited (Registered number: 04493784)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The Company operates defined contribution pension schemes in respect of its directors and employees. The assets of the schemes are held separately from those of the Company in independently administered funds. During the year a new scheme commenced to comply with the new auto enrolment requirements.

Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or lease term, whichever is shorter.

The interest element of these obligations is charged to profit and loss over the relevant period. the capital element of future payments is treated as a liability.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the Lessor are charged to the profit and loss as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

Alverton Bacon Supplies Limited (Registered number: 04493784)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1st October 2022 192,332 158,532 350,864
Additions - 7,169 7,169
Disposals - (11,017 ) (11,017 )
At 30th September 2023 192,332 154,684 347,016
DEPRECIATION
At 1st October 2022 34,409 113,092 147,501
Charge for year 2,647 13,118 15,765
Eliminated on disposal - (10,437 ) (10,437 )
At 30th September 2023 37,056 115,773 152,829
NET BOOK VALUE
At 30th September 2023 155,276 38,911 194,187
At 30th September 2022 157,923 45,440 203,363

Included within freehold land and buildings is land at cost of £60,000 (2021:£60,000) on which depreciation is not charged.


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1st October 2022
and 30th September 2023 200,000
NET BOOK VALUE
At 30th September 2023 200,000
At 30th September 2022 200,000

The investment property relates to the rental parts of a mixed use property which were reclassified on the transition to FRS102(1A). The rental element has arisen purely from surplus trading capacity.

Such rental properties are stated at open market value, based on a professional valuation as at 12th June 2018 and re-verified in March 2024.

The original cost of such properties was £ 174,665.

The revaluation surplus of £25,335 is included in reserves and is non-distributable.

The indexed cost of the rental properties has been calculated as still being in excess of the open market value. Consequently a deferred tax liability is not recorded.

Alverton Bacon Supplies Limited (Registered number: 04493784)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£ £
Trade debtors 127,867 130,739
Other debtors 2,397 11,080
Prepayments 3,598 2,786
133,862 144,605

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£ £
Bank loans and overdrafts 10,056 9,808
Hire purchase contracts - 542
Trade creditors 160,116 208,067
Taxation and social security 5,949 1,428
Other creditors 6,154 6,130
182,275 225,975

Other creditors include accruals of £6,084 (2022 : £6,066).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£ £
Bank loans 18,215 28,270

9. OTHER FINANCIAL COMMITMENTS

The total leasing commitment at the Balance Sheet date was £Nil (2022: £10,172)

10. RETAINED EARNINGS

30.9.23 30.9.22
£ £
- Distributable 357,584 364,830
- Non-distributable 25,335 25,335
382,919 390,165