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REGISTERED NUMBER: 04135935 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Spring Fields (Catering Butchers) Ltd

Spring Fields (Catering Butchers) Ltd (Registered number: 04135935)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spring Fields (Catering Butchers) Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: D M Cox





SECRETARY: D M Cox





REGISTERED OFFICE: 182 Herbert Avenue
Parkstone
Poole
Dorset
BH12 4HU





REGISTERED NUMBER: 04135935 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Spring Fields (Catering Butchers) Ltd (Registered number: 04135935)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 420,379 443,743
Investment property 5 340,000 340,000
760,379 783,743

CURRENT ASSETS
Stocks 32,727 35,186
Debtors 6 214,821 397,360
Cash at bank and in hand 379,885 963,666
627,433 1,396,212
CREDITORS
Amounts falling due within one year 7 113,654 115,499
NET CURRENT ASSETS 513,779 1,280,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,274,158

2,064,456

PROVISIONS FOR LIABILITIES 20,910 21,181
NET ASSETS 1,253,248 2,043,275

CAPITAL AND RESERVES
Called up share capital 49 100
Retained earnings 1,253,199 2,043,175
SHAREHOLDERS' FUNDS 1,253,248 2,043,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Spring Fields (Catering Butchers) Ltd (Registered number: 04135935)

Balance Sheet - continued
31 January 2024


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 director and authorised for issue on 20 April 2024 and were signed by:





D M Cox - Director


Spring Fields (Catering Butchers) Ltd (Registered number: 04135935)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Spring Fields (Catering Butchers) Ltd 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 as modified by the revaluation of certain assets.

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 each asset over its estimated useful life.
Land and buildings - Not provided
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and Not provided

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Income Statement, 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.

Spring Fields (Catering Butchers) Ltd (Registered number: 04135935)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

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 account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 313,355 307,947 621,302
Additions - 915 915
Disposals - (39,490 ) (39,490 )
At 31 January 2024 313,355 269,372 582,727
DEPRECIATION
At 1 February 2023 - 177,559 177,559
Charge for year - 13,016 13,016
Eliminated on disposal - (28,227 ) (28,227 )
At 31 January 2024 - 162,348 162,348
NET BOOK VALUE
At 31 January 2024 313,355 107,024 420,379
At 31 January 2023 313,355 130,388 443,743

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 340,000
NET BOOK VALUE
At 31 January 2024 340,000
At 31 January 2023 340,000

Spring Fields (Catering Butchers) Ltd (Registered number: 04135935)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2019 26,385
Valuation in 2022 20,000
Cost 293,615
340,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 293,615 293,615

The investment property was valued on a fair value basis on 31 January 2024 by the director Mr D Cox .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 161,372 141,265
Other debtors 53,449 256,095
214,821 397,360

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 93,062 85,712
Taxation and social security 4,085 7,923
Other creditors 16,507 21,864
113,654 115,499