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REGISTERED NUMBER: 04670625 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JIMS BUTCHERS LIMITED

JIMS BUTCHERS LIMITED (REGISTERED NUMBER: 04670625)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JIMS BUTCHERS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mr J A Wyllie
Mrs T A Wyllie





SECRETARY: Mrs T A Wyllie





REGISTERED OFFICE: 124 Thorpe Road
Norwich
Norfolk
NR1 1RS





REGISTERED NUMBER: 04670625 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

JIMS BUTCHERS LIMITED (REGISTERED NUMBER: 04670625)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,252 45,079

CURRENT ASSETS
Stocks 5 73,562 93,827
Debtors 6 284,270 300,944
Cash at bank and in hand 207,565 212,221
565,397 606,992
CREDITORS
Amounts falling due within one year 7 238,734 275,669
NET CURRENT ASSETS 326,663 331,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,915

376,402

PROVISIONS FOR LIABILITIES 8 10,000 11,000
NET ASSETS 357,915 365,402

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 356,915 364,402
SHAREHOLDERS' FUNDS 357,915 365,402

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.

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 3 September 2024 and were signed on its behalf by:



Mr J A Wyllie - Director


JIMS BUTCHERS LIMITED (REGISTERED NUMBER: 04670625)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Jims Butchers Limited 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.

The financial statements are presented in pounds sterling and are rounded to the nearest pound.

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.
Short leasehold - between 4% and 10% on cost
Improvements to property - 10 years straight line basis
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
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.

JIMS BUTCHERS LIMITED (REGISTERED NUMBER: 04670625)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 April 2023 17,500 11,682 81,539
Additions - - 1,770
At 31 March 2024 17,500 11,682 83,309
DEPRECIATION
At 1 April 2023 17,500 11,682 77,096
Charge for year - - 1,557
At 31 March 2024 17,500 11,682 78,653
NET BOOK VALUE
At 31 March 2024 - - 4,656
At 31 March 2023 - - 4,443

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 38,590 132,524 1,065 282,900
Additions - 7,965 - 9,735
At 31 March 2024 38,590 140,489 1,065 292,635
DEPRECIATION
At 1 April 2023 35,805 95,203 535 237,821
Charge for year 419 11,321 265 13,562
At 31 March 2024 36,224 106,524 800 251,383
NET BOOK VALUE
At 31 March 2024 2,366 33,965 265 41,252
At 31 March 2023 2,785 37,321 530 45,079

5. STOCKS
2024 2023
£    £   
Stocks 73,562 93,827

JIMS BUTCHERS LIMITED (REGISTERED NUMBER: 04670625)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 282,153 298,277
VAT 2,117 2,667
284,270 300,944

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 155,548 168,383
Tax 14,000 18,000
Social security and other taxes 4,276 4,529
Directors' current accounts 59,910 80,157
Accruals and deferred income 5,000 4,600
238,734 275,669

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,000 11,000

Deferred
tax
£   
Balance at 1 April 2023 11,000
Credit to Income Statement during year (1,000 )
Balance at 31 March 2024 10,000