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REGISTERED NUMBER: 07284141 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

LEA VALLEY MEAT LIMITED

LEA VALLEY MEAT LIMITED (REGISTERED NUMBER: 07284141)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEA VALLEY MEAT LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr Engin Manto





REGISTERED OFFICE: 293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 07284141 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

LEA VALLEY MEAT LIMITED (REGISTERED NUMBER: 07284141)

Balance Sheet
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 329,346 304,041

CURRENT ASSETS
Stocks 397,016 340,418
Debtors 5 485,567 397,972
Cash at bank and in hand 49,356 37,306
931,939 775,696
CREDITORS
Amounts falling due within one year 6 563,854 588,514
NET CURRENT ASSETS 368,085 187,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

697,431

491,223

CREDITORS
Amounts falling due after more than one
year

7

(246,437

)

(85,740

)

PROVISIONS FOR LIABILITIES 8 (62,410 ) (43,321 )
NET ASSETS 388,584 362,162

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 388,484 362,062
SHAREHOLDERS' FUNDS 388,584 362,162

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

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

LEA VALLEY MEAT LIMITED (REGISTERED NUMBER: 07284141)

Balance Sheet - continued
31 JULY 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 April 2024 and were signed by:





Mr Engin Manto - Director


LEA VALLEY MEAT LIMITED (REGISTERED NUMBER: 07284141)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Lea Valley Meat 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.

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.
The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

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

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 Profit & Loss Account, 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.

LEA VALLEY MEAT LIMITED (REGISTERED NUMBER: 07284141)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued

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 the lease term, whichever is the shorter.

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

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 28 (2022 - 38 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2022 314,263 288,912 29,819
Additions 2,974 16,236 7,410
At 31 July 2023 317,237 305,148 37,229
DEPRECIATION
At 1 August 2022 163,433 179,508 18,439
Charge for year 15,380 31,410 4,698
At 31 July 2023 178,813 210,918 23,137
NET BOOK VALUE
At 31 July 2023 138,424 94,230 14,092
At 31 July 2022 150,830 109,404 11,380

LEA VALLEY MEAT LIMITED (REGISTERED NUMBER: 07284141)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 148,134 8,795 789,923
Additions 73,338 4,367 104,325
At 31 July 2023 221,472 13,162 894,248
DEPRECIATION
At 1 August 2022 118,699 5,803 485,882
Charge for year 25,693 1,839 79,020
At 31 July 2023 144,392 7,642 564,902
NET BOOK VALUE
At 31 July 2023 77,080 5,520 329,346
At 31 July 2022 29,435 2,992 304,041

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 58,000 25,530 83,530
DEPRECIATION
At 1 August 2022 4,833 20,986 25,819
Charge for year 13,292 1,136 14,428
At 31 July 2023 18,125 22,122 40,247
NET BOOK VALUE
At 31 July 2023 39,875 3,408 43,283
At 31 July 2022 53,167 4,544 57,711

5. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 419,198 340,754
Tax 6,722 32,579
VAT 11,030 17,339
436,950 390,672

LEA VALLEY MEAT LIMITED (REGISTERED NUMBER: 07284141)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


5. DEBTORS - continued
31.7.23 31.7.22
£    £   
Amounts falling due after more than one year:
Other debtors 48,617 7,300

Aggregate amounts 485,567 397,972

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 50,035 -
Hire purchase contracts 11,051 11,051
Trade creditors 478,688 551,642
Tax 12,268 7,521
Social security and other taxes 3,177 9,997
Other creditors - 2,916
Pension fund 1,535 3,287
Directors' current accounts 5,000 -
Accruals and deferred income 2,100 2,100
563,854 588,514

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 2-5 years 32,469 42,597
Crowd Lending Loan 181,875 -
Hire purchase contracts 32,093 43,143
246,437 85,740

8. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 62,410 43,321

Deferred
tax
£   
Balance at 1 August 2022 43,321
Charge to Profit & Loss Account during year 19,089
Balance at 31 July 2023 62,410