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REGISTERED NUMBER: 05810959 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Merry Meats Ltd

Merry Meats Ltd (Registered number: 05810959)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Merry Meats Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: T Paine
M Spooner





REGISTERED OFFICE: 27 Belle Meade Close
Woodgate
Chichester
West Sussex
PO20 3YD





REGISTERED NUMBER: 05810959 (England and Wales)





ACCOUNTANTS: Smithe & Co Limited
Chichester Enterprise Centre
Terminus Road
Chichester
West Sussex
PO19 8FY

Merry Meats Ltd (Registered number: 05810959)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 8,319 11,090
8,320 11,091

CURRENT ASSETS
Stocks 7,046 6,945
Debtors 6 85,525 82,352
Cash at bank and in hand 21,554 2,476
114,125 91,773
CREDITORS
Amounts falling due within one year 7 37,950 36,109
NET CURRENT ASSETS 76,175 55,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,495

66,755

PROVISIONS FOR LIABILITIES 1,580 2,029
NET ASSETS 82,915 64,726

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 82,814 64,625
82,915 64,726

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Merry Meats Ltd (Registered number: 05810959)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:




T Paine - Director



M Spooner - Director


Merry Meats Ltd (Registered number: 05810959)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Merry Meats 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Merry Meats Ltd (Registered number: 05810959)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 38,000
AMORTISATION
At 1 June 2022
and 31 May 2023 37,999
NET BOOK VALUE
At 31 May 2023 1
At 31 May 2022 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 100,396
DEPRECIATION
At 1 June 2022 89,306
Charge for year 2,771
At 31 May 2023 92,077
NET BOOK VALUE
At 31 May 2023 8,319
At 31 May 2022 11,090

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 8,925 4,770
Other debtors 76,600 77,582
85,525 82,352

Merry Meats Ltd (Registered number: 05810959)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 26,029 28,256
Taxation and social security 8,245 2,870
Other creditors 3,676 4,983
37,950 36,109