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REGISTERED NUMBER: 09268616 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

A LAVERACK & SON LTD

A LAVERACK & SON LTD (REGISTERED NUMBER: 09268616)






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


A LAVERACK & SON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: T D Laverack
D Laverack
H G Laverack
A L M Laverack
L J Laverack





REGISTERED OFFICE: 50 High Street
Holme on Spalding Moor
York
North Yorkshire
YO43 4EN





REGISTERED NUMBER: 09268616 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

A LAVERACK & SON LTD (REGISTERED NUMBER: 09268616)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 96,000 128,000
Tangible assets 5 311,689 290,206
Investments 6 40 -
407,729 418,206

CURRENT ASSETS
Stocks 42,326 40,126
Debtors 7 143,645 120,295
Cash at bank and in hand 371,242 294,279
557,213 454,700
CREDITORS
Amounts falling due within one year 8 402,260 406,047
NET CURRENT ASSETS 154,953 48,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

562,682

466,859

CREDITORS
Amounts falling due after more than one
year

9

(36,250

)

(65,250

)

PROVISIONS FOR LIABILITIES (37,485 ) (29,613 )
NET ASSETS 488,947 371,996

CAPITAL AND RESERVES
Called up share capital 11 125 125
Retained earnings 488,822 371,871
SHAREHOLDERS' FUNDS 488,947 371,996

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.

A LAVERACK & SON LTD (REGISTERED NUMBER: 09268616)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:




T D Laverack - Director D Laverack - Director




H G Laverack - Director A L M Laverack - Director




L J Laverack - Director


A LAVERACK & SON LTD (REGISTERED NUMBER: 09268616)

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

1. STATUTORY INFORMATION

A Laverack & Son 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the retail and wholesale of meat and baked goods, and is recognised on supply of the product.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property improvements - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 Statement of Income and Retained Earnings, 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.


A LAVERACK & SON LTD (REGISTERED NUMBER: 09268616)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 68 (2023 - 79 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 160,000
AMORTISATION
At 1 April 2023 32,000
Charge for year 32,000
At 31 March 2024 64,000
NET BOOK VALUE
At 31 March 2024 96,000
At 31 March 2023 128,000

A LAVERACK & SON LTD (REGISTERED NUMBER: 09268616)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 157,047 307,907 464,954
Additions 9,019 43,225 52,244
At 31 March 2024 166,066 351,132 517,198
DEPRECIATION
At 1 April 2023 9,438 165,310 174,748
Charge for year 8,021 22,740 30,761
At 31 March 2024 17,459 188,050 205,509
NET BOOK VALUE
At 31 March 2024 148,607 163,082 311,689
At 31 March 2023 147,609 142,597 290,206

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 40
At 31 March 2024 40
NET BOOK VALUE
At 31 March 2024 40

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 110,088 108,852
Other debtors 33,557 11,443
143,645 120,295

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 29,000 29,000
Trade creditors 148,337 126,732
Taxation and social security 118,596 81,069
Other creditors 106,327 169,246
402,260 406,047

A LAVERACK & SON LTD (REGISTERED NUMBER: 09268616)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 36,250 65,250

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 65,250 94,250

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
25 Ordinary A £1 25 25
25 Ordinary B £1 25 25
25 Ordinary C £1 25 25
25 Ordinary D £1 25 25
25 Ordinary E £1 25 25
125 125