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Registered number: 9078309
Brian Horton's Family Butchers Ltd
Financial Statements
For The Year Ended 30 June 2024
Jewell & Dowd Accountancy Services
54 St James Street
Liverpool
Merseyside
L1 0AB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 9078309
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,085 7,606
6,085 7,606
CURRENT ASSETS
Stocks 5 3,750 6,550
Debtors 6 687 1,017
Cash at bank and in hand 238,686 176,391
243,123 183,958
Creditors: Amounts Falling Due Within One Year 7 (56,737 ) (51,077 )
NET CURRENT ASSETS (LIABILITIES) 186,386 132,881
TOTAL ASSETS LESS CURRENT LIABILITIES 192,471 140,487
NET ASSETS 192,471 140,487
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 192,470 140,486
SHAREHOLDERS' FUNDS 192,471 140,487
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Brian Horton
Director
13/08/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Brian Horton's Family Butchers Ltd Registered number 9078309 is a limited by shares company incorporated in England & Wales. The Registered Office is 20 County Road, Liverpool, L4 3QH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
Fixtures & Fittings 20%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 5,495 31,114 36,609
As at 30 June 2024 5,495 31,114 36,609
Depreciation
As at 1 July 2023 3,244 25,759 29,003
Provided during the period 450 1,071 1,521
As at 30 June 2024 3,694 26,830 30,524
Net Book Value
As at 30 June 2024 1,801 4,284 6,085
As at 1 July 2023 2,251 5,355 7,606
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5. Stocks
2024 2023
£ £
Stock - purchases 3,750 6,550
6. Debtors
2024 2023
£ £
Due within one year
VAT 687 1,017
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,120 10,880
Corporation tax 14,037 5,897
Other taxes and social security 161 90
Accruals and deferred income 5,960 5,910
Director's loan account 23,459 28,300
56,737 51,077
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Brian Horton - 5,000
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 5,000
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr Brian Horton by virtue of his ownership of 100% of the issued share capital in the company.
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