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REGISTERED NUMBER: 07063450 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 August 2023

for

Gales Farm Meats Limited

Gales Farm Meats Limited (Registered number: 07063450)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gales Farm Meats Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: A G Gale Esq
S P E Gale Esq





REGISTERED OFFICE: The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE





REGISTERED NUMBER: 07063450 (England and Wales)





ACCOUNTANTS: Dolman's Chartered Accountants
The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE

Gales Farm Meats Limited (Registered number: 07063450)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,742 10,128

CURRENT ASSETS
Stocks 11,014 19,031
Debtors 5 16,438 34,859
Cash at bank and in hand 262,950 261,025
290,402 314,915
CREDITORS
Amounts falling due within one year 6 45,102 66,439
NET CURRENT ASSETS 245,300 248,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,042

258,604

PROVISIONS FOR LIABILITIES 2,047 1,925
NET ASSETS 253,995 256,679

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 253,993 256,677
SHAREHOLDERS' FUNDS 253,995 256,679

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Gales Farm Meats Limited (Registered number: 07063450)

Balance Sheet - continued
31 August 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 15 March 2024 and were signed on its behalf by:





S P E Gale Esq - Director


Gales Farm Meats Limited (Registered number: 07063450)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Gales Farm Meats 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 8 ) .

Gales Farm Meats Limited (Registered number: 07063450)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
Lease etc Totals
£    £    £   
COST
At 1 September 2022 4,000 35,493 39,493
Additions - 2,740 2,740
At 31 August 2023 4,000 38,233 42,233
DEPRECIATION
At 1 September 2022 4,000 25,365 29,365
Charge for year - 2,126 2,126
At 31 August 2023 4,000 27,491 31,491
NET BOOK VALUE
At 31 August 2023 - 10,742 10,742
At 31 August 2022 - 10,128 10,128

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,061 29,112
Other debtors 5,377 5,747
16,438 34,859

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 31,096 32,566
Taxation and social security 6,715 12,921
Other creditors 7,291 20,952
45,102 66,439

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
A G Gale Esq
Balance outstanding at start of year 10,230 10,640
Amounts repaid (8,645 ) (410 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,585 10,230

Gales Farm Meats Limited (Registered number: 07063450)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S P E Gale Esq and A G Gale Esq
Balance outstanding at start of year 5,601 7,850
Amounts repaid (5,585 ) (2,249 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16 5,601

The loans are given free of interest and repayable on demand.