A L Butcher & Sons Limited 08380813 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the rearing of poultry and gardening services. Digita Accounts Production Advanced 6.30.9574.0 true true 08380813 2023-04-01 2024-03-31 08380813 2024-03-31 08380813 bus:OrdinaryShareClass1 2024-03-31 08380813 core:CurrentFinancialInstruments 2024-03-31 08380813 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08380813 core:Non-currentFinancialInstruments 2024-03-31 08380813 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08380813 core:FurnitureFittingsToolsEquipment 2024-03-31 08380813 core:LandBuildings 2024-03-31 08380813 core:MotorVehicles 2024-03-31 08380813 bus:SmallEntities 2023-04-01 2024-03-31 08380813 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08380813 bus:FilletedAccounts 2023-04-01 2024-03-31 08380813 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08380813 bus:RegisteredOffice 2023-04-01 2024-03-31 08380813 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 08380813 bus:Director2 2023-04-01 2024-03-31 08380813 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08380813 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08380813 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08380813 core:LandBuildings 2023-04-01 2024-03-31 08380813 core:MotorVehicles 2023-04-01 2024-03-31 08380813 core:PlantMachinery 2023-04-01 2024-03-31 08380813 countries:EnglandWales 2023-04-01 2024-03-31 08380813 2023-03-31 08380813 core:FurnitureFittingsToolsEquipment 2023-03-31 08380813 core:LandBuildings 2023-03-31 08380813 core:MotorVehicles 2023-03-31 08380813 2022-04-01 2023-03-31 08380813 2023-03-31 08380813 bus:OrdinaryShareClass1 2023-03-31 08380813 core:CurrentFinancialInstruments 2023-03-31 08380813 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08380813 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-03-31 08380813 core:Non-currentFinancialInstruments 2023-03-31 08380813 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 08380813 core:Non-currentFinancialInstruments core:AfterOneYear core:PreviouslyStatedAmount 2023-03-31 08380813 core:FurnitureFittingsToolsEquipment 2023-03-31 08380813 core:LandBuildings 2023-03-31 08380813 core:MotorVehicles 2023-03-31 08380813 core:PreviouslyStatedAmount 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08380813

A L Butcher & Sons Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

A L Butcher & Sons Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

A L Butcher & Sons Limited

Company Information

Directors

Mr P D Butcher

Mr C Butcher

Company secretary

Mr P D Butcher

Registered office

Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

Accountants

Newsham Hanson Accountants Limited
Accountants & Business Advisors
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

 

A L Butcher & Sons Limited

(Registration number: 08380813)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

112,939

119,196

Current assets

 

Stocks

4

44,795

43,215

Debtors

5

8,085

5,673

Cash at bank and in hand

 

21,339

1,515

 

74,219

50,403

Creditors: Amounts falling due within one year

6

(393,793)

(347,911)

Net current liabilities

 

(319,574)

(297,508)

Total assets less current liabilities

 

(206,635)

(178,312)

Creditors: Amounts falling due after more than one year

6

(21,279)

(24,957)

Net liabilities

 

(227,914)

(203,269)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(228,014)

(203,369)

Shareholders' deficit

 

(227,914)

(203,269)

For the financial year 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 August 2024 and signed on its behalf by:
 

.........................................
Mr C Butcher
Director

 

A L Butcher & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

20 years over life of lease

Motor vehicles

25% reducing balance basis

Plant and machinery

15% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

A L Butcher & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

A L Butcher & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

3

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

122,499

163,838

5,000

291,337

Additions

8,900

-

-

8,900

At 31 March 2024

131,399

163,838

5,000

300,237

Depreciation

At 1 April 2023

58,042

112,849

1,250

172,141

Charge for the year

6,570

7,649

938

15,157

At 31 March 2024

64,612

120,498

2,188

187,298

Carrying amount

At 31 March 2024

66,787

43,340

2,812

112,939

At 31 March 2023

64,457

50,989

3,750

119,196

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings and £66,786 (2023 - £64,456) in respect of short leasehold land and buildings.
 

4

Stocks

2024
£

2023
£

Other inventories

44,795

43,215

 

A L Butcher & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

2,945

4,505

Other debtors

5,140

1,168

 

8,085

5,673

 

A L Butcher & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

18,784

15,009

trade creditors

 

27,963

19,488

Amounts owed to related parties

344,946

311,948

Taxation and social security

 

780

167

Other creditors

 

1,320

1,299

 

393,793

347,911

Due after one year

 

Loans and borrowings

8

21,279

24,957

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

21,279

24,957

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

21,279

24,957

Current loans and borrowings

 

A L Butcher & Sons Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2024
£

2023
£

Bank borrowings

3,520

3,520

Bank overdrafts

15,264

11,489

18,784

15,009