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REGISTERED NUMBER: 00067142 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE NATIONAL FEDERATION OF MEAT AND FOOD
TRADERS LTD

THE NATIONAL FEDERATION OF MEAT AND FOOD
TRADERS LTD (REGISTERED NUMBER: 00067142)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE NATIONAL FEDERATION OF MEAT AND FOOD
TRADERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G Debman
R Douglas
D Gigli
J A Mettrick
C Thomas





REGISTERED OFFICE: 1 Belgrove
Tunbridge Wells
Kent
TN1 1YW





REGISTERED NUMBER: 00067142 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

THE NATIONAL FEDERATION OF MEAT AND FOOD
TRADERS LTD (REGISTERED NUMBER: 00067142)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,995 5,577
Tangible assets 5 349,414 353,668
Investments 6 155,231 202,341
509,640 561,586

CURRENT ASSETS
Stocks 650 650
Debtors 7 137,644 139,260
Cash at bank and in hand 32,335 20,650
170,629 160,560
CREDITORS
Amounts falling due within one year 8 (202,166 ) (189,705 )
NET CURRENT LIABILITIES (31,537 ) (29,145 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,103

532,441

CREDITORS
Amounts falling due after more than one
year

9

(22,512

)

(32,512

)
NET ASSETS 455,591 499,929

RESERVES
Revaluation reserve 10 249,106 249,106
Retained earnings 206,485 250,823
455,591 499,929

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

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

THE NATIONAL FEDERATION OF MEAT AND FOOD
TRADERS LTD (REGISTERED NUMBER: 00067142)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 25 July 2024 and were signed on its behalf by:





D Gigli - Director


THE NATIONAL FEDERATION OF MEAT AND FOOD
TRADERS LTD (REGISTERED NUMBER: 00067142)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

The National Federation of Meat and Food Traders 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.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2022 - 4 ) .

THE NATIONAL FEDERATION OF MEAT AND FOOD
TRADERS LTD (REGISTERED NUMBER: 00067142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 5,820
AMORTISATION
At 1 January 2023 243
Charge for year 582
At 31 December 2023 825
NET BOOK VALUE
At 31 December 2023 4,995
At 31 December 2022 5,577

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 424,652 44,595 469,247
DEPRECIATION
At 1 January 2023 72,000 43,579 115,579
Charge for year 4,000 254 4,254
At 31 December 2023 76,000 43,833 119,833
NET BOOK VALUE
At 31 December 2023 348,652 762 349,414
At 31 December 2022 352,652 1,016 353,668

6. FIXED ASSET INVESTMENTS

Listed investments were valued on 31 December 2023 at their mid market value of £155,231. The original cost of these investments was £125,591. There was an unrealised market value loss of £6,591 (2022: £34,268) in the year and this was recognised in the income statement. The company realised a gain of £9,480 (2022: realised gain £6,892) on the sale of investments during the year.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 126,870 130,968
Prepayments 10,774 8,292
137,644 139,260

THE NATIONAL FEDERATION OF MEAT AND FOOD
TRADERS LTD (REGISTERED NUMBER: 00067142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 8,188 6,735
Social security and other taxes 3,594 3,435
VAT 26,153 25,479
Other creditors 1,299 910
Subscriptions received in advance 152,932 141,795
Accrued expenses - 1,351
202,166 189,705

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 22,512 32,512

10. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 249,106