Registered number
05106856
The City Meat Co. (London) Limited
Filleted Accounts
30 April 2023
The City Meat Co. (London) Limited
Registered number: 05106856
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 312,000 312,000
Tangible assets 4 17,452 21,452
329,452 333,452
Current assets
Stocks 18,450 20,500
Debtors 5 51,354 61,638
Cash at bank and in hand 43,241 78,191
113,045 160,329
Creditors: amounts falling due within one year 6 (52,757) (57,392)
Net current assets 60,288 102,937
Net assets 389,740 436,389
Capital and reserves
Called up share capital 100 100
Profit and loss account 389,640 436,289
Shareholders' funds 389,740 436,389
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Varela
Director
Approved by the board on 14 March 2024
The City Meat Co. (London) Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2022 312,000
At 30 April 2023 312,000
Amortisation
At 30 April 2023 -
Net book value
At 30 April 2023 312,000
At 30 April 2022 312,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2022 10,000 6,951 19,117 36,068
At 30 April 2023 10,000 6,951 19,117 36,068
Depreciation
At 1 May 2022 - 6,950 7,666 14,616
Charge for the year - - 4,000 4,000
At 30 April 2023 - 6,950 11,666 18,616
Net book value
At 30 April 2023 10,000 1 7,451 17,452
At 30 April 2022 10,000 1 11,451 21,452
5 Debtors 2023 2022
£ £
Trade debtors 30,137 24,847
Corporation tax 2,212 2,212
Other taxes and social security costs - 302
Other debtors 19,005 34,277
51,354 61,638
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 15,094 7,321
Other taxes and social security costs 1,156 1,636
Other creditors 36,507 48,435
52,757 57,392
7 Other information
The City Meat Co. (London) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
The City Meat Co. (London) Limited 05106856 false 2022-05-01 2023-04-30 2023-04-30 VT Final Accounts October 2023 release 2 D Varela No description of principal activity 05106856 2021-05-01 2022-04-30 05106856 core:WithinOneYear 2022-04-30 05106856 core:ShareCapital 2022-04-30 05106856 core:RetainedEarningsAccumulatedLosses 2022-04-30 05106856 2022-05-01 2023-04-30 05106856 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 05106856 bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 05106856 bus:Director40 2022-05-01 2023-04-30 05106856 1 2022-05-01 2023-04-30 05106856 2 2022-05-01 2023-04-30 05106856 core:LandBuildings 2022-05-01 2023-04-30 05106856 core:PlantMachinery 2022-05-01 2023-04-30 05106856 core:Vehicles 2022-05-01 2023-04-30 05106856 countries:England 2022-05-01 2023-04-30 05106856 bus:FRS102 2022-05-01 2023-04-30 05106856 bus:FullAccounts 2022-05-01 2023-04-30 05106856 2023-04-30 05106856 core:WithinOneYear 2023-04-30 05106856 core:ShareCapital 2023-04-30 05106856 core:RetainedEarningsAccumulatedLosses 2023-04-30 05106856 core:Goodwill 2023-04-30 05106856 core:LandBuildings 2023-04-30 05106856 core:PlantMachinery 2023-04-30 05106856 core:Vehicles 2023-04-30 05106856 2022-04-30 05106856 core:Goodwill 2022-04-30 05106856 core:LandBuildings 2022-04-30 05106856 core:PlantMachinery 2022-04-30 05106856 core:Vehicles 2022-04-30 iso4217:GBP xbrli:pure