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REGISTERED NUMBER: 02831250 (England and Wales)












ACTION MEATS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ACTION MEATS LIMITED (REGISTERED NUMBER: 02831250)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACTION MEATS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S Foster
J E Foster





SECRETARY: J E Foster





REGISTERED OFFICE: 55 Ellers Drive
Bessacarr
Doncaster
South Yorkshire
DN4 7DW





REGISTERED NUMBER: 02831250 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Louth)
Chartered Certified Accountants
1 Eastgate
Louth
LN11 9NB

ACTION MEATS LIMITED (REGISTERED NUMBER: 02831250)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 64,596 42,993

CURRENT ASSETS
Stocks 36,000 -
Debtors 4 642,101 767,876
Cash at bank and in hand 555,656 311,875
1,233,757 1,079,751
CREDITORS
Amounts falling due within one year 5 659,801 547,709
NET CURRENT ASSETS 573,956 532,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

638,552

575,035

PROVISIONS FOR LIABILITIES 1,635 236
NET ASSETS 636,917 574,799

CAPITAL AND RESERVES
Called up share capital 250 250
Capital redemption reserve 750 750
Retained earnings 635,917 573,799
636,917 574,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ACTION MEATS LIMITED (REGISTERED NUMBER: 02831250)

BALANCE SHEET - continued
31 MARCH 2024


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 6 August 2024 and were signed on its behalf by:




J E Foster - Director



S Foster - Director


ACTION MEATS LIMITED (REGISTERED NUMBER: 02831250)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 20 years
Fixtures and fittings - 20% on cost and Straight line over 20 years
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

ACTION MEATS LIMITED (REGISTERED NUMBER: 02831250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 31,241 28,357 17,861 2,670 80,129
Additions 3,851 171 23,539 1,834 29,395
Disposals - (215 ) (12,317 ) - (12,532 )
At 31 March 2024 35,092 28,313 29,083 4,504 96,992
DEPRECIATION
At 1 April 2023 2,709 15,269 17,861 1,297 37,136
Charge for year 1,650 1,498 3,537 1,107 7,792
Eliminated on disposal - (215 ) (12,317 ) - (12,532 )
At 31 March 2024 4,359 16,552 9,081 2,404 32,396
NET BOOK VALUE
At 31 March 2024 30,733 11,761 20,002 2,100 64,596
At 31 March 2023 28,532 13,088 - 1,373 42,993

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 636,899 762,459
Other debtors 5,202 5,417
642,101 767,876

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 613,268 515,605
Taxation and social security 42,440 28,386
Other creditors 4,093 3,718
659,801 547,709

6. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr S Foster, a director of the company.