Caseware UK (AP4) 2022.0.179 2022.0.179 2024-01-312024-01-31truefalse2023-02-01No description of principal activity2826trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC268128 2023-02-01 2024-01-31 SC268128 2022-02-01 2023-01-31 SC268128 2024-01-31 SC268128 2023-01-31 SC268128 c:CompanySecretary1 2023-02-01 2024-01-31 SC268128 c:Director2 2023-02-01 2024-01-31 SC268128 c:Director4 2023-02-01 2024-01-31 SC268128 c:RegisteredOffice 2023-02-01 2024-01-31 SC268128 d:Buildings 2023-02-01 2024-01-31 SC268128 d:Buildings 2024-01-31 SC268128 d:Buildings 2023-01-31 SC268128 d:Buildings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC268128 d:PlantMachinery 2023-02-01 2024-01-31 SC268128 d:PlantMachinery 2024-01-31 SC268128 d:PlantMachinery 2023-01-31 SC268128 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC268128 d:MotorVehicles 2023-02-01 2024-01-31 SC268128 d:MotorVehicles 2024-01-31 SC268128 d:MotorVehicles 2023-01-31 SC268128 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC268128 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC268128 d:FreeholdInvestmentProperty 2024-01-31 SC268128 d:FreeholdInvestmentProperty 2023-01-31 SC268128 d:CurrentFinancialInstruments 2024-01-31 SC268128 d:CurrentFinancialInstruments 2023-01-31 SC268128 d:Non-currentFinancialInstruments 2024-01-31 SC268128 d:Non-currentFinancialInstruments 2023-01-31 SC268128 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC268128 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 SC268128 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 SC268128 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 SC268128 d:ShareCapital 2024-01-31 SC268128 d:ShareCapital 2023-01-31 SC268128 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC268128 d:RetainedEarningsAccumulatedLosses 2023-01-31 SC268128 c:OrdinaryShareClass1 2023-02-01 2024-01-31 SC268128 c:OrdinaryShareClass1 2024-01-31 SC268128 c:OrdinaryShareClass1 2023-01-31 SC268128 c:FRS102 2023-02-01 2024-01-31 SC268128 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC268128 c:FullAccounts 2023-02-01 2024-01-31 SC268128 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC268128 6 2023-02-01 2024-01-31 SC268128 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC268128










ANDERSON BUTCHERS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

 
ANDERSON BUTCHERS LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr I A Anderson 
Mrs R S Anderson 




COMPANY SECRETARY
I A Anderson



REGISTERED NUMBER
SC268128



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
ANDERSON BUTCHERS LIMITED
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ANDERSON BUTCHERS LIMITED
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Anderson Butchers Limited for the year ended 31 January 2024 which comprise the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotlandwe are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

This report is made solely to the Board of directors of Anderson Butchers Limited, as a body, in accordance with the terms of our engagement letter dated 16 April 2024Our work has been undertaken solely to prepare for your approval the financial statements of Anderson Butchers Limited and state those matters that we have agreed to state to the Board of directors of Anderson Butchers Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Anderson Butchers Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Anderson Butchers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Anderson Butchers Limited. You consider that Anderson Butchers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Anderson Butchers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



EQ Accountants Limited
 
Chartered Accountants
  
14 City Quay
Dundee
DD1 3JA
17 April 2024
Page 1

 
ANDERSON BUTCHERS LIMITED
REGISTERED NUMBER: SC268128

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
225,454
230,039

Investments
 5 
100
100

Investment property
 6 
218,134
218,134

  
443,688
448,273

Current assets
  

Stocks
  
37,418
38,955

Debtors: amounts falling due within one year
 7 
153,347
131,799

Cash at bank and in hand
  
13,907
3,704

  
204,672
174,458

Creditors: amounts falling due within one year
 8 
(335,573)
(345,807)

Net current liabilities
  
 
 
(130,901)
 
 
(171,349)

Total assets less current liabilities
  
312,787
276,924

Creditors: amounts falling due after more than one year
 9 
(269,147)
(293,099)

Provisions for liabilities
  

Deferred Taxation
  
(13,223)
(14,257)

  
 
 
(13,223)
 
 
(14,257)

Net assets/(liabilities)
  
30,417
(30,432)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
30,317
(30,532)

  
30,417
(30,432)


Page 2

 
ANDERSON BUTCHERS LIMITED
REGISTERED NUMBER: SC268128

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 April 2024.




Mrs R S Anderson
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
ANDERSON BUTCHERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


GENERAL INFORMATION

Anderson Butchers Limited is a private company, limited by shares, incorporated in Scotland with
registration number SC268128. The registered office is Westby, 64 West High Street, Forfar, Angus, DD8 1BJ. The principal place of business is 49-53 Commercial Road, Lerwick, Shetland, ZE1 0NJ.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The accounts have been prepared under the going concern basis. The company has net liabilities and is dependent on the continued support of its directors. The directors have confirmed that they will support the company for the foreseeable future. 

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 4

 
ANDERSON BUTCHERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 5

 
ANDERSON BUTCHERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
12.5% reducing balance
Delivery Vans
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.6

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.7

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 6

 
ANDERSON BUTCHERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 28 (2023 - 26).


4.


TANGIBLE FIXED ASSETS





Heritable property
Plant & machinery
Delivery vans
Total

£
£
£
£



Cost or valuation


At 1 February 2023
190,775
84,844
23,152
298,771


Additions
-
1,262
-
1,262



At 31 January 2024

190,775
86,106
23,152
300,033



Depreciation


At 1 February 2023
-
51,831
16,901
68,732


Charge for the year on owned assets
-
4,284
1,563
5,847



At 31 January 2024

-
56,115
18,464
74,579



Net book value



At 31 January 2024
190,775
29,991
4,688
225,454



At 31 January 2023
190,775
33,013
6,251
230,039


5.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
100



At 31 January 2024
100




Page 7

 
ANDERSON BUTCHERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


INVESTMENT PROPERTY


Investment property

£



Valuation


At 1 February 2023
218,134



At 31 January 2024
218,134

The 2024 valuations were made by the directors, on an open market value for existing use basis.





7.


DEBTORS

2024
2023
£
£


Trade debtors
58,847
65,018

Prepayments and accrued income
344
312

Other debtors
11,790
7,748

Amounts owed by group undertakings
82,366
58,721

153,347
131,799



8.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
52,578
42,779

Trade creditors
189,895
201,960

Accruals and deferred income
10,057
10,104

Other taxation and social security
5,003
2,822

Obligations under finance lease and hire purchase contracts
-
4,009

Other loans
54,050
60,105

Bank loans
23,990
24,028

335,573
345,807


The company granted standard and floating charges in favour of the Royal Bank of Scotland plc over all of its property, undertakings, assets and rights owned now or in the future. 

Page 8

 
ANDERSON BUTCHERS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

9.


CREDITORS: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
269,147
293,099

269,147
293,099



10.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 9