Blair's Butchers Limited SC730163 false 2022-04-21 2023-04-30 2023-04-30 The principal activity of the company is Butcher Digita Accounts Production Advanced 6.30.9574.0 true true SC730163 2022-04-21 2023-04-30 SC730163 2023-04-30 SC730163 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-30 SC730163 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 SC730163 core:Goodwill 2023-04-30 SC730163 core:FurnitureFittingsToolsEquipment 2023-04-30 SC730163 bus:SmallEntities 2022-04-21 2023-04-30 SC730163 bus:AuditExemptWithAccountantsReport 2022-04-21 2023-04-30 SC730163 bus:FullAccounts 2022-04-21 2023-04-30 SC730163 bus:SmallCompaniesRegimeForAccounts 2022-04-21 2023-04-30 SC730163 bus:RegisteredOffice 2022-04-21 2023-04-30 SC730163 bus:Director1 2022-04-21 2023-04-30 SC730163 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-04-21 2023-04-30 SC730163 bus:PrivateLimitedCompanyLtd 2022-04-21 2023-04-30 SC730163 core:Goodwill 2022-04-21 2023-04-30 SC730163 core:FurnitureFittingsToolsEquipment 2022-04-21 2023-04-30 SC730163 countries:Scotland 2022-04-21 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC730163

Blair's Butchers Limited

Unaudited Financial Statements

for the Period from 21 April 2022 to 30 April 2023

 

Blair's Butchers Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 7

 

Blair's Butchers Limited

(Registration number: SC730163)
Statement of Financial Position as at 30 April 2023

Note

2023
£

Fixed assets

 

Intangible assets

4

9,000

Tangible assets

5

28,667

 

37,667

Current assets

 

Stocks

6

500

Cash at bank and in hand

 

10,130

 

10,630

Creditors: Amounts falling due within one year

7

(61,475)

Net current liabilities

 

(50,845)

Net liabilities

 

(13,178)

Capital and reserves

 

Retained earnings

(13,178)

Shareholders' deficit

 

(13,178)

For the financial period ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 19 January 2024
 

.........................................
Mr Blair Dorward
Director

 

Blair's Butchers Limited

Notes to the Unaudited Financial Statements for the Period from 21 April 2022 to 30 April 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
DD1 3DG
Scotland

These financial statements were authorised for issue by the director on 19 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

 

Blair's Butchers Limited

Notes to the Unaudited Financial Statements for the Period from 21 April 2022 to 30 April 2023

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

Blair's Butchers Limited

Notes to the Unaudited Financial Statements for the Period from 21 April 2022 to 30 April 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the period, was 0.

 

Blair's Butchers Limited

Notes to the Unaudited Financial Statements for the Period from 21 April 2022 to 30 April 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

Additions acquired separately

10,000

10,000

At 30 April 2023

10,000

10,000

Amortisation

Amortisation charge

1,000

1,000

At 30 April 2023

1,000

1,000

Carrying amount

At 30 April 2023

9,000

9,000

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

32,000

32,000

At 30 April 2023

32,000

32,000

Depreciation

Charge for the period

3,333

3,333

At 30 April 2023

3,333

3,333

Carrying amount

At 30 April 2023

28,667

28,667

6

Stocks

2023
£

Other inventories

500

 

Blair's Butchers Limited

Notes to the Unaudited Financial Statements for the Period from 21 April 2022 to 30 April 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

1,440

Other creditors

60,035

61,475

 

Blair's Butchers Limited

Notes to the Unaudited Financial Statements for the Period from 21 April 2022 to 30 April 2023

8

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary Shares of £1 each

1

1