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REGISTERED NUMBER: SC605705 (Scotland)






































Huntersbutchers Ltd

Unaudited Financial Statements

for the Year Ended 30th August 2023






Huntersbutchers Ltd (Registered number: SC605705)






Contents of the Financial Statements
for the year ended 30th August 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Huntersbutchers Ltd

Company Information
for the year ended 30th August 2023







Director: S Hunter





Registered office: 44 Bridge Street
Kelso
Roxburghshire
TD5 7JD





Registered number: SC605705 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Huntersbutchers Ltd (Registered number: SC605705)

Balance Sheet
30th August 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 1,350 -
Tangible assets 5 19,974 18,660
21,324 18,660

Current assets
Stocks 6,000 7,000
Debtors 6 72,722 69,262
Cash at bank and in hand 23,032 15,150
101,754 91,412
Creditors
Amounts falling due within one year 7 61,651 54,606
Net current assets 40,103 36,806
Total assets less current liabilities 61,427 55,466

Provisions for liabilities 4,994 3,545
Net assets 56,433 51,921

Capital and reserves
Called up share capital 100 100
Retained earnings 56,333 51,821
56,433 51,921

Huntersbutchers Ltd (Registered number: SC605705)

Balance Sheet - continued
30th August 2023


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

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

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 director and authorised for issue on 3rd April 2024 and were signed by:





S Hunter - Director


Huntersbutchers Ltd (Registered number: SC605705)

Notes to the Financial Statements
for the year ended 30th August 2023

1. Statutory information

Huntersbutchers Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Intangible assets
Website is not being amortised as not yet complete.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade creditors, bank loans, accruals, other loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade creditors, accruals and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


Huntersbutchers Ltd (Registered number: SC605705)

Notes to the Financial Statements - continued
for the year ended 30th August 2023

2. Accounting policies - continued
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.

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.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The director has considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 4 ) .

Huntersbutchers Ltd (Registered number: SC605705)

Notes to the Financial Statements - continued
for the year ended 30th August 2023

4. Intangible fixed assets
Website
£   
Cost
Additions 1,350
At 30th August 2023 1,350
Net book value
At 30th August 2023 1,350

5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 31st August 2022 13,300 17,500 30,800
Additions 5,367 - 5,367
At 30th August 2023 18,667 17,500 36,167
Depreciation
At 31st August 2022 4,484 7,656 12,140
Charge for year 1,592 2,461 4,053
At 30th August 2023 6,076 10,117 16,193
Net book value
At 30th August 2023 12,591 7,383 19,974
At 30th August 2022 8,816 9,844 18,660

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed by associates 60,566 47,184
Other debtors 12,156 22,078
72,722 69,262

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 5,400 10,254
Trade creditors 25,339 22,783
Amounts owed to associates 9,646 -
Taxation and social security 19,526 12,901
Other creditors 1,740 8,668
61,651 54,606

Huntersbutchers Ltd (Registered number: SC605705)

Notes to the Financial Statements - continued
for the year ended 30th August 2023

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 30th August 2023 and the period ended 30th August 2022:

2023 2022
£    £   
S Hunter
Balance outstanding at start of year 18,155 -
Amounts advanced 48,511 23,036
Amounts repaid (66,537 ) (4,881 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 129 18,155

This loan is unsecured, interest has been charged at the rates published by HMRC and is repayable on demand.