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31/03/2024
2024-03-31
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No description of principal activities is disclosed
2023-01-01
Sage Accounts Production 23.0 - FRS102_2023
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xbrli:shares
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2023-01-01
2024-03-31
05536865
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05536865
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05536865
2022-01-01
2022-12-31
05536865
2022-12-31
05536865
2021-12-31
05536865
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core:OwnedOrFreeholdAssets
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2024-03-31
05536865
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2023-01-01
2024-03-31
05536865
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2023-01-01
2024-03-31
05536865
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2023-01-01
2024-03-31
05536865
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2023-01-01
2024-03-31
05536865
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2023-01-01
2024-03-31
05536865
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2023-01-01
2024-03-31
05536865
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2023-01-01
2024-03-31
05536865
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2023-01-01
2024-03-31
05536865
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2022-12-31
05536865
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2022-12-31
05536865
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2022-12-31
05536865
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2022-12-31
05536865
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2024-03-31
05536865
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2024-03-31
05536865
core:FurnitureFittingsToolsEquipment
2024-03-31
05536865
core:MotorVehicles
2024-03-31
05536865
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2024-03-31
05536865
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2022-12-31
05536865
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2024-03-31
05536865
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2022-12-31
05536865
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2023-01-01
2024-03-31
05536865
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2024-03-31
05536865
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2022-12-31
05536865
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2024-03-31
05536865
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2022-12-31
05536865
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core:OwnedOrFreeholdAssets
2022-12-31
05536865
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2022-12-31
05536865
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2022-12-31
05536865
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2022-12-31
05536865
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2024-03-31
05536865
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2024-03-31
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2024-03-31
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2024-03-31
05536865
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2024-03-31
05536865
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2023-01-01
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05536865
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2024-03-31
Company registration number:
05536865
R & J Yorkshire's Finest Farmers & Butchers Limited
Unaudited filleted financial statements
31 March 2024
THE BARKER PARTNERSHIP
Chartered Accountants
Thirsk
R & J Yorkshire's Finest Farmers & Butchers Limited
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
R & J Yorkshire's Finest Farmers & Butchers Limited
Directors and other information
|
|
|
|
Directors |
Mr R B Atkinson |
|
|
Mrs J M Atkinson |
|
|
Mr R J Atkinson |
|
|
|
|
|
|
|
Secretary |
Mrs J M Atkinson |
|
|
|
|
|
|
|
Company number |
05536865 |
|
|
|
|
|
|
|
Registered office |
Water Edge |
|
|
Longswales Lane |
|
|
Kirkby Malzeard |
|
|
Ripon |
|
|
HG4 3RJ |
|
|
|
|
|
|
|
Accountants |
The Barker Partnership |
|
|
17 Central Buildings |
|
|
Market Place |
|
|
Thirsk |
|
|
North Yorkshire |
|
|
YO7 1HD |
|
|
|
R & J Yorkshire's Finest Farmers & Butchers Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of R & J Yorkshire's Finest Farmers & Butchers Limited
Period ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R & J Yorkshire's Finest Farmers & Butchers Limited for the period ended 31 March 2024 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of R & J Yorkshire's Finest Farmers & Butchers Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of R & J Yorkshire's Finest Farmers & Butchers Limited and state those matters that we have agreed to state to the board of directors of R & J Yorkshire's Finest Farmers & Butchers Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R & J Yorkshire's Finest Farmers & Butchers Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that R & J Yorkshire's Finest Farmers & Butchers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R & J Yorkshire's Finest Farmers & Butchers Limited. You consider that R & J Yorkshire's Finest Farmers & Butchers Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of R & J Yorkshire's Finest Farmers & Butchers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The Barker Partnership
Chartered Accountants
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
29 July 2024
R & J Yorkshire's Finest Farmers & Butchers Limited
Balance sheet
31 March 2024
|
|
|
31/03/24 |
|
|
|
31/12/22 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
1,574,750 |
|
|
|
1,531,196 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
1,574,750 |
|
|
|
1,531,196 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
310,878 |
|
|
|
279,914 |
|
|
Debtors |
|
6 |
656,045 |
|
|
|
677,548 |
|
|
Cash at bank and in hand |
|
|
730,624 |
|
|
|
365,829 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
1,697,547 |
|
|
|
1,323,291 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
725,376) |
|
|
|
(
803,712) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
972,171 |
|
|
|
519,579 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
2,546,921 |
|
|
|
2,050,775 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
(
3,333) |
|
|
|
(
15,000) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
200,210) |
|
|
|
(
182,468) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
2,343,378 |
|
|
|
1,853,307 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
201 |
|
|
|
201 |
Profit and loss account |
|
|
|
|
2,343,177 |
|
|
|
1,853,106 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
2,343,378 |
|
|
|
1,853,307 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 July 2024
, and are signed on behalf of the board by:
Mr R J Atkinson
Director
Company registration number:
05536865
R & J Yorkshire's Finest Farmers & Butchers Limited
Notes to the financial statements
Period ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Water Edge, Longswales Lane, Kirkby Malzeard, Ripon, HG4 3RJ.
The principal activity of the company is that of butchers and meat suppliers.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Land and buildings |
- |
2 % |
straight line |
|
Plant and machinery |
- |
5-20% |
straight line or reducing balance |
|
Fittings fixtures and equipment |
- |
25 % |
reducing balance |
|
Motor vehicles |
- |
15-25% |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase and finance leases
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of those obligations is charged to profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Government grants
Government grants are recognised using the accruals method whereby the grant is recognised in the period in which it becomes receivable.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
The company operates a defined contribution scheme in respect of its directors. The assets of the scheme are held separately from those of the company in independently administered funds. A further scheme is available for all employees in accordance with auto enrolment requirements.
Contributiions payable to the company's pension schemes are charged to profit and loss in the period to which they relate.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
46
(2022:
46
).
5.
Tangible assets
|
|
Freehold property |
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
£ |
£ |
£ |
£ |
£ |
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 January 2023 |
575,842 |
1,439,790 |
129,553 |
524,564 |
2,669,749 |
|
|
|
Additions |
1,160 |
117,148 |
- |
249,291 |
367,599 |
|
|
|
Disposals |
- |
(
84,085) |
(
39,060) |
(
49,640) |
(
172,785) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 March 2024 |
577,002 |
1,472,853 |
90,493 |
724,215 |
2,864,563 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 January 2023 |
56,332 |
731,770 |
113,260 |
237,191 |
1,138,553 |
|
|
|
Charge for the period |
8,936 |
149,798 |
4,444 |
108,682 |
271,860 |
|
|
|
Disposals |
- |
(
42,350) |
(
36,986) |
(
41,264) |
(
120,600) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 March 2024 |
65,268 |
839,218 |
80,718 |
304,609 |
1,289,813 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2024 |
511,734 |
633,635 |
9,775 |
419,606 |
1,574,750 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
At 31 December 2022 |
519,510 |
708,020 |
16,293 |
287,373 |
1,531,196 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
31/03/24 |
31/12/22 |
|
|
|
£ |
£ |
|
Trade debtors |
|
566,496 |
585,161 |
|
Other debtors |
|
89,549 |
92,387 |
|
|
|
_______ |
_______ |
|
|
|
656,045 |
677,548 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
31/03/24 |
31/12/22 |
|
|
|
£ |
£ |
|
Trade creditors |
|
411,375 |
621,725 |
|
Corporation tax |
|
193,109 |
78,989 |
|
Other creditors |
|
120,892 |
102,998 |
|
|
|
_______ |
_______ |
|
|
|
725,376 |
803,712 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Included within other creditors are amounts totalling £10,000 (2022: £10,947) which are secured on company assets.
8.
Creditors: amounts falling due after more than one year
|
|
|
31/03/24 |
31/12/22 |
|
|
|
£ |
£ |
|
Other creditors |
|
3,333 |
15,000 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Included within other creditors are amounts totalling £3,333 (2022: £15,000) which are secured on company assets.
9.
Related party transactions
At the period end date an amount of £71,302 (2022: £56,744) was owed to Mr RB and Mrs JM Atkinson. Interest at a commercial rate amouting to £8,125 (2022: £7,300) was charged on this loan.