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REGISTERED NUMBER: 01232930 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 July 2023

for

J. A. McMurchie (Meat) Limited

J. A. McMurchie (Meat) Limited (Registered number: 01232930)






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


J. A. McMurchie (Meat) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J McMurchie
J McMurchie





SECRETARY: J McMurchie





REGISTERED OFFICE: Caroline Street
Hetton Le Hole
Houghton Le Spring
Tyne and Wear
DH5 9DB





REGISTERED NUMBER: 01232930 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

J. A. McMurchie (Meat) Limited (Registered number: 01232930)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 216,614 193,476

CURRENT ASSETS
Stocks 5 9,714 7,245
Debtors 6 8,550 2,769
Cash at bank and in hand 203,591 169,837
221,855 179,851
CREDITORS
Amounts falling due within one year 7 104,649 61,598
NET CURRENT ASSETS 117,206 118,253
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,820

311,729

PROVISIONS FOR LIABILITIES 8 27,462 21,501
NET ASSETS 306,358 290,228

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 296,358 280,228
SHAREHOLDERS' FUNDS 306,358 290,228

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 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.

J. A. McMurchie (Meat) Limited (Registered number: 01232930)

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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2024 and were signed on its behalf by:





J McMurchie - Director


J. A. McMurchie (Meat) Limited (Registered number: 01232930)

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

1. STATUTORY INFORMATION

J. A. McMurchie (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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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

Income recognition
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures, fittings and equipment - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Government grants
Capital based grants are accounted for using the accruals model and are credited to the profit and loss account in equal installments, over the estimated useful life of the related asset.

Revenue based grants are credited to the profit and loss account in the period to which they relate.

Stocks
Stocks are valued at the lower of cost and selling price less estimated costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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.

J. A. McMurchie (Meat) Limited (Registered number: 01232930)

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

2. ACCOUNTING POLICIES - continued

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.

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 10 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Freehold and Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 August 2022 127,213 263,006 20,999 411,218
Additions - 36,165 15,298 51,463
Disposals - - (20,999 ) (20,999 )
At 31 July 2023 127,213 299,171 15,298 441,682
DEPRECIATION
At 1 August 2022 32,240 178,612 6,890 217,742
Charge for year 2,544 10,398 3,626 16,568
Eliminated on disposal - - (9,242 ) (9,242 )
At 31 July 2023 34,784 189,010 1,274 225,068
NET BOOK VALUE
At 31 July 2023 92,429 110,161 14,024 216,614
At 31 July 2022 94,973 84,394 14,109 193,476

5. STOCKS
2023 2022
£    £   
Stocks 9,714 7,245

J. A. McMurchie (Meat) Limited (Registered number: 01232930)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 7,267 1,567
Prepayments and accrued income 1,283 1,202
8,550 2,769

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 43,426 35,424
Taxation and social security 18,915 16,876
Other creditors 907 483
Directors' current accounts 38,916 6,330
Accruals and deferred income 2,485 2,485
104,649 61,598

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 27,462 21,501

Deferred
tax
£   
Balance at 1 August 2022 21,501
Accelerated capital allowances 5,961
Balance at 31 July 2023 27,462

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000

10. RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market conditions, except for those shown below:

2023 2022
£ £
Amount owed to directors 38,916 6,330

No interest has been charged.